vorotintseyqah.blogspot.com
From July to September, 13 percentt of the companies interviewed plan toadd workers, while 11 perceng expect to reduce their payrolls. Another 67 percent of employers expecyt to maintain current staff levels and 9 percenf are not certain of theirhirin plans. “The hiring activity is expected to be slightly lightedr than the previous quarter when 18 percent of companieds surveyed planned to increase staff levels and 14 percentg expected tocut payrolls,” said a statementt from Manpower spokesperson Kelly Scott.
Job prospects for the summerf months appear bestin construction, wholesale and retail trade, information, professional and business leisure and hospitality and Manpower surveyed the more than 28,000 employers in the 15 percent expect to increase their stafc levels during the July September period, while 13 percent expect to reduc e their payrolls, resulting in a net employmen t outlook of 2 percent. Sixty-seven percent expect no changein hiring, and 5 percent are undecided about third-quarter hiringt plans.
Sunday, January 30, 2011
Thursday, January 27, 2011
'A Suitable Boy' will have a curious sequel: Vikram Seth - Zee News
framptongeqeaqu1461.blogspot.com
Zee News | 'A Suitable Boy' will have a curious sequel: Vikram Seth Zee News ... apart from five volumes of poetry 'Mappings' (1980). Vikram Seth appeared to be quite hurried on the Day 4 of DSC Jaipur Literature Festival, ... |
Monday, January 24, 2011
Report: Employers cut 401(k) match - Memphis Business Journal:
ernstiryastrov.blogspot.com
The survey of U.S. companies founrd that 29 percent havealready modified, or intens to modify, the matching contribution feature in their 401(k) plans durin g the 2009 plan year. Two-thirds of those respondentsz — or 20 percent of all respondents — say they will eliminater the match entirely. Sharon Grant Thornton’s compensation and benefites leader for the said the survey revealszspecific trends.
Companies in the health care and nonprofit industries were less likelt to make changesthis year, she Large employers and companies in the retail/trade and financial-services/banking sectors were more likely to make “Companies are expecting 2009 to continue to be a challenginfg year for business growth and financial stability,” Whittled said. “The impact on 401(k) plans appearws to be a greatedr considerationof lower, and more prudent, spendinfg on matching contributions in order to addres cash and profit constraints.” The survey was conductes in April, with 283 Grant Thornton client participating.
The survey of U.S. companies founrd that 29 percent havealready modified, or intens to modify, the matching contribution feature in their 401(k) plans durin g the 2009 plan year. Two-thirds of those respondentsz — or 20 percent of all respondents — say they will eliminater the match entirely. Sharon Grant Thornton’s compensation and benefites leader for the said the survey revealszspecific trends.
Companies in the health care and nonprofit industries were less likelt to make changesthis year, she Large employers and companies in the retail/trade and financial-services/banking sectors were more likely to make “Companies are expecting 2009 to continue to be a challenginfg year for business growth and financial stability,” Whittled said. “The impact on 401(k) plans appearws to be a greatedr considerationof lower, and more prudent, spendinfg on matching contributions in order to addres cash and profit constraints.” The survey was conductes in April, with 283 Grant Thornton client participating.
Saturday, January 22, 2011
Energy to burn - Washington Business Journal:
http://www.ucan.org/user/laria
“I found him to be pleasanr and honorable, and I enjoyed talking with him,” Teresi said of theid meeting, one of many conversations the twohave had. Teresoi respects Simpson and said the two likely have similard perspectives onmany things. However, he “we just don’t have the same views for the potentiao ofthis project.” The is a proposed 50-megawatt clean-coaol demonstration project in Jamestown. Teresi estimates it could cost morethan $500 millionn – if it gets built. Teresi says there’es no better time to pursue it. Gov. David Patersonn and Sen. Charles Schumer are amongt those who agreewith him.
Simpson, who chairz the group Clean Energy for says itis unnecessary, expensivr and other avenues should be Simpson served as the University at Buffalo’s energuy officer for 26 years. “Thee cost of purchasing power off the grid woul be much lower than providing it with a fantasticallyh expensivepower plant,” he said. Teresi is lookinfg for a pieceof $1.52 billio n allocated through the ’s Clean Coal Power Initiative. The funding which could total hundreds of milliona ofdollars – will be key to whethert it gets built. New York state has alreadyg provided $6 million for pre-developmentt costs to the , a partnership that proposex thedemonstration plant.
The money paid for the drillinfg of a demonstration well for a carbon dioxide sequestration process developed by The Departmentr of Energy is expected to announce grant recipients sometimethis summer. If Jamestownh is among them, the mayor is hopinbg to have the project under wayby 2014. It woulde take about six months for an engineering 12 to 18 more to complete detailed construction planas and then three years to accordingto Praxair’s technologyt director, Stewart Mehlman. Test in WNY, then sell Oxy-Coal worldwide Praxair is lookinbg to testthe 50-megawatt plant in Jamestown, then sell the technology on a larger scale worldwide.
Likelyy markets would be countriezs such as China andIndia where, Tereso points out, large coal-burning plants are going onlinr at a rate of about one per week. Those he adds, don’t have provisions for capturin pollutants. But the Praxair Oxy-Coal technology The coal is burnedin oxygen, and carbomn dioxide is then sequestere d deep underground in saline formations. “Our beliefd is that at some point in this technology is going to be developeand deployed,” Teresi said. “Why not do it here in Jamestowbn first?
” Simpson and other environmentalists would prefer Jamestown use options such as wind Throughan energy-conservation program, Simpson Jamestown could reduce the 20 percent “A couple wind turbines and a biomass generator coulds do this,” he said. Brian Smith, program coordinator for Citizense Campaign for the Environment and an opponent of the referred tothe 20-megawatt Lackawannwa Steel Winds project, which cost an estimated $40 The Jamestown project would have an effective outpuyt of 30 net megawatts. “It wouldn’t take much to meet the demands in Jamestown in amore cost-effectiv e manner,” Smith said.
meanwhile, said a wind partner was lined up for a separatre energy project that fell through about fiveyeara ago. He didn’t rule out exploring wind “We like to thinj we’re a leader and environmentallyt responsible,” he said, adding there’s a biomasas component to the project.
“I found him to be pleasanr and honorable, and I enjoyed talking with him,” Teresi said of theid meeting, one of many conversations the twohave had. Teresoi respects Simpson and said the two likely have similard perspectives onmany things. However, he “we just don’t have the same views for the potentiao ofthis project.” The is a proposed 50-megawatt clean-coaol demonstration project in Jamestown. Teresi estimates it could cost morethan $500 millionn – if it gets built. Teresi says there’es no better time to pursue it. Gov. David Patersonn and Sen. Charles Schumer are amongt those who agreewith him.
Simpson, who chairz the group Clean Energy for says itis unnecessary, expensivr and other avenues should be Simpson served as the University at Buffalo’s energuy officer for 26 years. “Thee cost of purchasing power off the grid woul be much lower than providing it with a fantasticallyh expensivepower plant,” he said. Teresi is lookinfg for a pieceof $1.52 billio n allocated through the ’s Clean Coal Power Initiative. The funding which could total hundreds of milliona ofdollars – will be key to whethert it gets built. New York state has alreadyg provided $6 million for pre-developmentt costs to the , a partnership that proposex thedemonstration plant.
The money paid for the drillinfg of a demonstration well for a carbon dioxide sequestration process developed by The Departmentr of Energy is expected to announce grant recipients sometimethis summer. If Jamestownh is among them, the mayor is hopinbg to have the project under wayby 2014. It woulde take about six months for an engineering 12 to 18 more to complete detailed construction planas and then three years to accordingto Praxair’s technologyt director, Stewart Mehlman. Test in WNY, then sell Oxy-Coal worldwide Praxair is lookinbg to testthe 50-megawatt plant in Jamestown, then sell the technology on a larger scale worldwide.
Likelyy markets would be countriezs such as China andIndia where, Tereso points out, large coal-burning plants are going onlinr at a rate of about one per week. Those he adds, don’t have provisions for capturin pollutants. But the Praxair Oxy-Coal technology The coal is burnedin oxygen, and carbomn dioxide is then sequestere d deep underground in saline formations. “Our beliefd is that at some point in this technology is going to be developeand deployed,” Teresi said. “Why not do it here in Jamestowbn first?
” Simpson and other environmentalists would prefer Jamestown use options such as wind Throughan energy-conservation program, Simpson Jamestown could reduce the 20 percent “A couple wind turbines and a biomass generator coulds do this,” he said. Brian Smith, program coordinator for Citizense Campaign for the Environment and an opponent of the referred tothe 20-megawatt Lackawannwa Steel Winds project, which cost an estimated $40 The Jamestown project would have an effective outpuyt of 30 net megawatts. “It wouldn’t take much to meet the demands in Jamestown in amore cost-effectiv e manner,” Smith said.
meanwhile, said a wind partner was lined up for a separatre energy project that fell through about fiveyeara ago. He didn’t rule out exploring wind “We like to thinj we’re a leader and environmentallyt responsible,” he said, adding there’s a biomasas component to the project.
Wednesday, January 19, 2011
Standards placed on the table for better school meals - Biddeford Journal Tribune
http://www.slayage.com/forum/index.php/forums/member/74604/
Consumer Affairs | Standards placed on the table for better school meals Biddeford Journal Tribune A plan to encourage schools to serve healthier meals emerged last week from the US Department of Agriculture. It is the first step in a comprehensive effort ... Proposed upgrade to school meals adds fruits, vegetables and subtracts sodium ... USDA Details Proposed Changes to School Meals More veggies will fill school lunches |
Board narrowly backs Seminole water plan - Orlando Business Journal:
Steel Windows
million gallons of water a day fromthe St. Johne River was approved April 13 ina 5-4 vote by the . Accordinh to a release, the district’s board approved the permir forthe $42.5 milliojn project, which included: • Up to 1 milliob gallons of water per day woulx be used to augment Seminole County’s reclaimede water system in place of groundwater. Up to 4.5 million gallons of water a day starting in2014 — to supplement potable groundwater supplies. Representatives from Jacksonville-area governmentse and the St. Johns Riverkeepere contributed to an overflow crowd in Palatkq atthe hearing.
The Riverkeeper organizationm sponsored a bus ride to transpory opponents of the permit tothe district’ds offices in Palatka for the hearing. Originally, Seminole Counth submitted the permit application in 2004 requesting the abilitg towithdraw 7.25 millionm gallons of water per day for 20 years. The project alread y has support fromthe , and U.S. Fish and Wildlife However, the permit has also facesd oppositionfrom St. Johns Riverkeeper Inc., a private, nonprofirt watchdog formed in 1999 to protecfthe St. Johns River. “The district’s Governing Board, like many peoplwe throughout the region, is committed to protecting the St.
Johnes River, and it was the board’sz determination, as it was for districtg staff and the administrativelaw judge, that this withdrawapl will not cause detrimental impacts to the river,” said Susab Hughes, governing board chairwoman, in a preparee statement. St. Johns Riverkeeper Inc., a private, nonprofit watchdog groupp formed in 1999 to protectthe St. Johns Rivedr that has fought Seminole's plan, vowed to fight on. “W e are prepared to do whatever it takes to stop this permirt frombeing issued,” Neil who heads the Riverkeeper told April 10.
Armingeon said the group will meet with its legalo team within the next 25 days and consider filingh legal action to blockthe
million gallons of water a day fromthe St. Johne River was approved April 13 ina 5-4 vote by the . Accordinh to a release, the district’s board approved the permir forthe $42.5 milliojn project, which included: • Up to 1 milliob gallons of water per day woulx be used to augment Seminole County’s reclaimede water system in place of groundwater. Up to 4.5 million gallons of water a day starting in2014 — to supplement potable groundwater supplies. Representatives from Jacksonville-area governmentse and the St. Johns Riverkeepere contributed to an overflow crowd in Palatkq atthe hearing.
The Riverkeeper organizationm sponsored a bus ride to transpory opponents of the permit tothe district’ds offices in Palatka for the hearing. Originally, Seminole Counth submitted the permit application in 2004 requesting the abilitg towithdraw 7.25 millionm gallons of water per day for 20 years. The project alread y has support fromthe , and U.S. Fish and Wildlife However, the permit has also facesd oppositionfrom St. Johns Riverkeeper Inc., a private, nonprofirt watchdog formed in 1999 to protecfthe St. Johns River. “The district’s Governing Board, like many peoplwe throughout the region, is committed to protecting the St.
Johnes River, and it was the board’sz determination, as it was for districtg staff and the administrativelaw judge, that this withdrawapl will not cause detrimental impacts to the river,” said Susab Hughes, governing board chairwoman, in a preparee statement. St. Johns Riverkeeper Inc., a private, nonprofit watchdog groupp formed in 1999 to protectthe St. Johns Rivedr that has fought Seminole's plan, vowed to fight on. “W e are prepared to do whatever it takes to stop this permirt frombeing issued,” Neil who heads the Riverkeeper told April 10.
Armingeon said the group will meet with its legalo team within the next 25 days and consider filingh legal action to blockthe
Sunday, January 16, 2011
Willow Glen Books buyer keeps up hope - The Business Journal of the Greater Triad Area:
http://www.flashvillage.com/forums/member.php?u=342921
The long-time Willow Glen resident and businessmansaid he’sx still attempting to secure financinfg to buy the 2,500-square-foot store at 1330 Lincoln Ave. in downtowmn Willow Glen even after an earlier deal to do sofell “I could not find adequate financing,” Vierraw said of a previous attempt to strike a deal with forme r book store owner, Cathyh Adkins. She decided to sell her 17-year-old shop a year earlier than originallt planned because of decreasing sales and having to grapple withhealth issues. But Vierra, owner of Flooring Forenics, a San Jose flooringv consulting firm, said he’s not giving up.
He’s still trying to secure a commercial bank loan or attractt the interestof investors. “I am so closes to my childhood dream of owning abook store,” he “This is something I have always wanterd to do. I have gotten greay support from the bookselling community and the Willow Glen community is willingf to supporta local, independent book store. It has a greart reputation throughout SantaClara County.” Adkins held a going-out-of-business sale and finallyt closed its doors in late May, but said at the time she hopedc to pass the ownership batobn to Vierra.
But since then, the store has been closedr anda “for lease” sign put up in its Vierra said the owner of the buildingv is willing to be patienf while he works to get adequate financial backing to reopem the bookstore.
The long-time Willow Glen resident and businessmansaid he’sx still attempting to secure financinfg to buy the 2,500-square-foot store at 1330 Lincoln Ave. in downtowmn Willow Glen even after an earlier deal to do sofell “I could not find adequate financing,” Vierraw said of a previous attempt to strike a deal with forme r book store owner, Cathyh Adkins. She decided to sell her 17-year-old shop a year earlier than originallt planned because of decreasing sales and having to grapple withhealth issues. But Vierra, owner of Flooring Forenics, a San Jose flooringv consulting firm, said he’s not giving up.
He’s still trying to secure a commercial bank loan or attractt the interestof investors. “I am so closes to my childhood dream of owning abook store,” he “This is something I have always wanterd to do. I have gotten greay support from the bookselling community and the Willow Glen community is willingf to supporta local, independent book store. It has a greart reputation throughout SantaClara County.” Adkins held a going-out-of-business sale and finallyt closed its doors in late May, but said at the time she hopedc to pass the ownership batobn to Vierra.
But since then, the store has been closedr anda “for lease” sign put up in its Vierra said the owner of the buildingv is willing to be patienf while he works to get adequate financial backing to reopem the bookstore.
Friday, January 14, 2011
Trump Waikiki buyers sue developer - South Florida Business Journal:
efimtsovavadan.blogspot.com
The lawsuit, filed in 1st Circuit Courtt in Honolulu, alleges that Los Angeless developer claimed in a 2006 press releasede that the New York real estatre mogul wasa “co-developer,” but that the fine prinrt noted that Trump had merely licensesd his name in a deal that could be terminatecd or revoked at any “These people were investing in a Rolls Royce. They were told it could magically turn intoa Ford,” said attornet Warren Price, who filed the lawsuit on behalcf of the buyers, who include six Hawaii couples, two doctors from San the head of a Californiaz meat exporting business and a professionaol basketball player from New Orleans.
Price plansd to amend the complaint withih the next two weeks to include buyers from he said. A spokesman for Irongatr issued a written statement saying the developer woul d pursue its own claims against the All 464 units ofthe 38-story hotel-condominiumn tower at the Diamond Head end of Fort DeRussuy sold in one day in Novembeer 2006. About half of the buyers are from the balance arefrom Hawaii, the Mainlan d and other countries. The buyers of the 11 units had placed deposits of 20 percent on everything from studioas pricedat $500,000 to three-bedroom suites pricefd at several million dollars.
The project is nearing The sales contract did say that the Trump name was but it did not outline the details of thelicensinb arrangement, Price said. However, it did say that if the licenses was terminatedor revoked, that all references to Trump would be removed from the building. “Ourt position is not that theycommitteds fraud,” Price said. “There are a host of very material material because the name changes from the Trump Internationalo tothe ‘Brand X’ The lawsuit comes just as a big deadlins looms for buyers. On Wednesday, buyers have to pay the balance of the purchasd price in full in preparatiob fora Sept. 1 closing.
“The fina payment is due on Wednesday, and these peopl are not going to make anymore payments,” said a former Hawaii attorney general. “They’ve already put 20 percent down.” The buyers filed on Monday because they are at risk of losinf theirdown payments, and also face a greater risk of beingv sued by Irongate for the full purchaser price. In March, dozens of buyers at a plannesd Trump condo resort in Baja California filexd a lawsuit with similafr allegations regarding the useof Trump’s name, the Los Angelews Times reported.
Trump sued Irongated a month later charging the developer with failing to build the projec after he had licensed his according tothe newspaper. That litigation began to worry theHawaij buyers, Price said. “People bega to wonder what happens if there is a disintegratiohn of the relationship between Irongateand Trump, and what coulf happen with the license,” Price
The lawsuit, filed in 1st Circuit Courtt in Honolulu, alleges that Los Angeless developer claimed in a 2006 press releasede that the New York real estatre mogul wasa “co-developer,” but that the fine prinrt noted that Trump had merely licensesd his name in a deal that could be terminatecd or revoked at any “These people were investing in a Rolls Royce. They were told it could magically turn intoa Ford,” said attornet Warren Price, who filed the lawsuit on behalcf of the buyers, who include six Hawaii couples, two doctors from San the head of a Californiaz meat exporting business and a professionaol basketball player from New Orleans.
Price plansd to amend the complaint withih the next two weeks to include buyers from he said. A spokesman for Irongatr issued a written statement saying the developer woul d pursue its own claims against the All 464 units ofthe 38-story hotel-condominiumn tower at the Diamond Head end of Fort DeRussuy sold in one day in Novembeer 2006. About half of the buyers are from the balance arefrom Hawaii, the Mainlan d and other countries. The buyers of the 11 units had placed deposits of 20 percent on everything from studioas pricedat $500,000 to three-bedroom suites pricefd at several million dollars.
The project is nearing The sales contract did say that the Trump name was but it did not outline the details of thelicensinb arrangement, Price said. However, it did say that if the licenses was terminatedor revoked, that all references to Trump would be removed from the building. “Ourt position is not that theycommitteds fraud,” Price said. “There are a host of very material material because the name changes from the Trump Internationalo tothe ‘Brand X’ The lawsuit comes just as a big deadlins looms for buyers. On Wednesday, buyers have to pay the balance of the purchasd price in full in preparatiob fora Sept. 1 closing.
“The fina payment is due on Wednesday, and these peopl are not going to make anymore payments,” said a former Hawaii attorney general. “They’ve already put 20 percent down.” The buyers filed on Monday because they are at risk of losinf theirdown payments, and also face a greater risk of beingv sued by Irongate for the full purchaser price. In March, dozens of buyers at a plannesd Trump condo resort in Baja California filexd a lawsuit with similafr allegations regarding the useof Trump’s name, the Los Angelews Times reported.
Trump sued Irongated a month later charging the developer with failing to build the projec after he had licensed his according tothe newspaper. That litigation began to worry theHawaij buyers, Price said. “People bega to wonder what happens if there is a disintegratiohn of the relationship between Irongateand Trump, and what coulf happen with the license,” Price
Tuesday, January 11, 2011
IndyCar seeks to change image with new rules, marketing shift - USA Today
http://bcunited.org/grads.html
Globe and Mail | IndyCar seeks to change image with new rules, marketing shift USA Today "But I've got to give them credit because they are trying to change things." Marco Andretti worries that putting two lines of traffic on the ovals could ... IndyCar makes revisions, name change Indycar News and Notes - Jan. 11, 2011 Drivers not sure what new restarts will bring to IndyCar |
Sunday, January 9, 2011
S&P lowers outlook for HEI, HECO - Dayton Business Journal:
tarpleypymibujuh1491.blogspot.com
Standard & Poor’s said Hawaii is “exhibiting decidedlyt recessionary trends,” and that its dependence on tourismm to drive the local economy could mean the state will be more severely affected bythe recession. “The negative outlook assignedd to HEI reflects the potentialo for consolidated credit metrics to fall beloew our benchmarks over our outlool horizon dueto Hawaii’s weakening which is expected to lower electrif sales by 4 percent or more and put upwardd pressure on borrowing requirements,” S&P said. , a subsidiary of HEI, is raterd on a standalone basis and is not affectedf by thelowered outlook. Shares of Hawaiiam Electric stock weredown 1.
6 percent to $16.95.
Standard & Poor’s said Hawaii is “exhibiting decidedlyt recessionary trends,” and that its dependence on tourismm to drive the local economy could mean the state will be more severely affected bythe recession. “The negative outlook assignedd to HEI reflects the potentialo for consolidated credit metrics to fall beloew our benchmarks over our outlool horizon dueto Hawaii’s weakening which is expected to lower electrif sales by 4 percent or more and put upwardd pressure on borrowing requirements,” S&P said. , a subsidiary of HEI, is raterd on a standalone basis and is not affectedf by thelowered outlook. Shares of Hawaiiam Electric stock weredown 1.
6 percent to $16.95.
Thursday, January 6, 2011
Promoter Carlos Valpeoz on the Rock & Roll Circus & Japanther - BlackBook Magazine
Glass door
Pitchfork Media | Promoter Carlos Valpeoz on the Rock & Roll Circus & Japanther BlackBook Magazine On Monday night at the Rock & Roll Circus at Lincoln Center, Japanther played an unforgettable show - whatever your opinion of the security situation. ... Rock and Roll Circus Is a Tight Squeeze Rock & Roll Circus Promoters Respond to » |
Tuesday, January 4, 2011
Ohio to get $10 million in flu pandemic money - Dayton Business Journal:
tower-tennesseea.blogspot.com
The predicts that a more severde strain ofH1N1 influenza, more commonly known as swind flu, will develop in the new few Ohio’s $9.8 million share is part of a $260 milliobn federal program that was started by the in lighr of an uptick in the numbet of flu illnesses throughout the country this Over the next few the Ohio Department of Health in conjunctionn with 130 local health departments throughout the stater will determine what projects and activities will see the The state Department of Health said the federa l government is expected to provide a free H1N1 vaccin to states so the grant monet will not be used to buy medical supplies of vaccinesa or antiviral medicines.
From 2005 to Ohio received morethan $19 million for pandemidc planning. More information about pandemic flu can be foundat
The predicts that a more severde strain ofH1N1 influenza, more commonly known as swind flu, will develop in the new few Ohio’s $9.8 million share is part of a $260 milliobn federal program that was started by the in lighr of an uptick in the numbet of flu illnesses throughout the country this Over the next few the Ohio Department of Health in conjunctionn with 130 local health departments throughout the stater will determine what projects and activities will see the The state Department of Health said the federa l government is expected to provide a free H1N1 vaccin to states so the grant monet will not be used to buy medical supplies of vaccinesa or antiviral medicines.
From 2005 to Ohio received morethan $19 million for pandemidc planning. More information about pandemic flu can be foundat
Saturday, January 1, 2011
GM owes $9M to AK Steel - Business First of Columbus:
boyanebyboqasavo.blogspot.com
The automaker disclosed in a bankruptcy courrt filing Monday that it owes theWest Chester-based steel manufacturee $9.1 million in trade debt. AK Steel Holding was listed asthe company’s 33rd larges t unsecured creditor. The only other Ohio company on the list was in Akron, which is owed almost $7 Aside from bond debt and employee obligations, which accountr for GM’s five largestt unsecured debts, the top trades debt disclosed was $122 million owed to of Chicago.
GM has been AK Steel’sd biggest customer for years, although the percentage of total salese it derives from the troubled automotive company has been AK Steel did not disclosse how much it sold to GM in 2008 in its latesyannual report, but earlier annual reports disclosed that shipmentse to GM accounted for 20 percent of net salesw in 2003. That dwindled to less than 10 percenfin 2007. AK Steel said about 28 percent of its tradw receivables outstanding at the end of 2008 were due from businessezs associated withthe U.S. automotive industry, including General Motors, Chrysletr and Ford.
The company warnedr in its last annual report that one or more automakeer bankruptcies could lead to similar filingesfrom suppliers, many of whom are AK Steel customers. As a the company said, “the natur e of that impact could be not only a reduction in future sales, but also a loss associated with the potentiakl inability to collect all outstanding accounts AK Steel (NYSE:AKS) in the first quarter lost $73 It produces flat-rolled carbon, stainless and electricall steel.
Its network of steel millsw includes its Middletown Works and smaller plantsin Mansfield, Coshocton and
The automaker disclosed in a bankruptcy courrt filing Monday that it owes theWest Chester-based steel manufacturee $9.1 million in trade debt. AK Steel Holding was listed asthe company’s 33rd larges t unsecured creditor. The only other Ohio company on the list was in Akron, which is owed almost $7 Aside from bond debt and employee obligations, which accountr for GM’s five largestt unsecured debts, the top trades debt disclosed was $122 million owed to of Chicago.
GM has been AK Steel’sd biggest customer for years, although the percentage of total salese it derives from the troubled automotive company has been AK Steel did not disclosse how much it sold to GM in 2008 in its latesyannual report, but earlier annual reports disclosed that shipmentse to GM accounted for 20 percent of net salesw in 2003. That dwindled to less than 10 percenfin 2007. AK Steel said about 28 percent of its tradw receivables outstanding at the end of 2008 were due from businessezs associated withthe U.S. automotive industry, including General Motors, Chrysletr and Ford.
The company warnedr in its last annual report that one or more automakeer bankruptcies could lead to similar filingesfrom suppliers, many of whom are AK Steel customers. As a the company said, “the natur e of that impact could be not only a reduction in future sales, but also a loss associated with the potentiakl inability to collect all outstanding accounts AK Steel (NYSE:AKS) in the first quarter lost $73 It produces flat-rolled carbon, stainless and electricall steel.
Its network of steel millsw includes its Middletown Works and smaller plantsin Mansfield, Coshocton and
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