Le Vif | Les opérateurs européens menacent Bruxelles d'investir à l'étranger Les Ãchos Les PDG de Telecom Italia, Vodafone, Orange, Telefonica et Deutsche Telekom, ont longuement discuté hier avec Neelie Kroes, la commissaire européenne à la société de l' ;information. Ils en ont marre et l'ont fait savoir à Neelie Kroes hier à Barcelone. Kroes pas impressionnée par les déclarations du CEO de Vodafone |
Tuesday, February 28, 2012
Les opérateurs européens menacent Bruxelles d'investir à l'étranger - Les Ãchos
Sunday, February 26, 2012
Q.E.P. gets back to black in Q4 - South Florida Business Journal:
percent, pulled into profit where last year it loggeea loss. However, the year-end number remained red. The Boca Raton-base specialty tools and flooring-related products maker, markete and distributor said itearned $458,000, or 13 cents a on sales of $53.3 million for the period. For the fourth quarter the year before, Q.E.P. QEPC) said it lost $1.6 million, or 47 centz a share, on sales of $50.8 For the year, the companh said it lost $5.5 million, or $1.64 a share, on saled of $216 million. The year before, said it earned $998,000, or 26 cents a share, on salesa of $206.2 million. Lewis Gould, Q.E.P.
chairman and chieft executive officer, said business conditionw continued tobe "Although the current firsg quarter of fiscal 2008 has not been completed, initial indicationes are for positive results," he For the fourth quarter, Q.E.P. said it generatedc $2.4 million of cash from operations, up from $100,00o in the fourth quarter the year before. For the the company said it generate $4.9 million of cash from up from $1.8 million the year before. Q.E.P.'s fourthg quarter ended Feb. 28. On April 26, the companty and its lenders executed aninth agreement. With certain financial covenants became less restrictive andthe company'sx ability to borrow against eligible inventorgy rose.
At Q.E.P.'s current inventory and receivablee levels, the company said the change increasexd its available borrowings byabougt $2 million. Shares closed up 55 or 9.4 percent, to $6.40. The 52-week high was $10.79 on May 30, 2006. The 52-week low was $4.37 on Dec. 12.
Thursday, February 23, 2012
New history museum raises $1.3M, wins challenge grant - New Mexico Business Weekly:
million needed to win a challengd grant forthe museum. , based in awarded the $750,000 grant to help fund exhibitionws at thenew museum, on the conditioj that the Museum Foundation raise all but $750,000 of a totapl $6.5 million campaign. The final $1.3 millio n came from more than 1,300 private donors in New Mexicloand nationwide. “The overwhelming support reflects people’sw enthusiasm for this long-awaited, world-class history said Eileen Wells, chairf of the Museum Foundation’s $22 million capital and endowment campaign. The History Museum’s grand openinhg is Memorial Day May 23to 25.
The 96,000-square-foo t museum, located next to the Palacs of the Governors in Santa Fe, is the first museum devoted to New Mexicl history. It will hold more than 800,000 historical documents, photographs and book representing key periods in NewMexico It’s the largest cultural investment ever made in downtown Santqa Fe, according to Museum Foundation The Museum Foundation has launchexd an additional $1 million campaign to raise fundws that will be used to enhances visitors’ experience.
The Foundation provides funding for the Palace of the Governors and New Mexico History as well as the New Mexico Museumof Art, the and Museunm of Indian Arts and Culture/Laboratory of Anthropology. It also supports sevejn state monuments and the Office ofArchaeological
Tuesday, February 21, 2012
NFL scouting combine: Redskins aim to accentuate last year's successful draft ... - Washington Post
Opposing Views | NFL scouting combine: Redskins aim to accentuate last year's successful draft ... Washington Post Washington Redskins Coach Mike Shanahan and General Manager Bruce » |
Sunday, February 19, 2012
Global turmoil boosts Smith & Wesson sales - Dayton Business Journal:
The Springfield, Massachusetts gun make r (Nasdaq: SWHC) recently secured a rare ordef from the India Police Force afteer terrorists stormed Mumbai With support fromthe U.S. Embasst in New Delhi and the , Smith Wesson secured an export license and began shippinv weaponsin June. In its fiscal fourth the company secured orderds from several law enforcement agenciesin Mexico, whose drug-related violencr is on the rise. The company on Monday said net sales for the fourth quarter that ended April 30 surgef 20 percentto $99.5 milliomn compared with the year-ago period. Net income duringg the quarterwas $7.4 compared with $3.3 million in the year-earlietr period.
Smith & Wesson President and CEO Michaek F. Golden said in a statement the resultes reflect a number of records for the including for cash levels and unfilled customerr ordersfor firearms.
Friday, February 17, 2012
Grammys 2012: Bon Iver thanks the 'talent that's not here' - Los Angeles Times
Daily News & Analysis | Grammys 2012: Bon Iver thanks the 'talent that's not here' Los Angeles Times The easygoing folk pop band Bon Iver was named best new artist, and the act's mastermind, Justin Vernon, used his time on the Grammy podium to thank " » |
Wednesday, February 15, 2012
Crescent Resources files Chapter 11 - Pittsburgh Business Times:
Charlotte, N.C.-based Crescent Resources -- a joint venturw of and that specializesin mixed-use developments -- said the move is part of its strategyg to reduce debt and improve its capita structure. The bankruptcy filinfg was made inthe U.S. Bankruptcy Court in the Western Districtrof Texas, Austin Division. Before the Chapter 11 Crescent faced paymentsof $50 millionm by the end of this $75 million in 2010 and $100 milliob in 2011 on its debt. Crescent Resources has landed $110 millionm in debtor-in-possession financing from a grou p of itsexisting lenders, whic h will provide sufficient funde to operate its ongoinyg business activities.
Crescent Resources CEO Arthur Fields has retired from the company and will continue to work with the compan y in anadvisory capacity. Andresw Hede, Crescent’s chief restructuring officer, will serve as CEO. Hede, a managingf director with , has more than 15 yearsa of financial restructuring andbusiness experience. “We have been in activ e discussions with our lenders and other stakeholders as we work towardsd an agreement that will bring our capital structurr in line with the currenrteconomic environment,” Hede said in a news “...
Despite the unprecedented challengez facing the realestate industry, we believe Crescent's underlying business model is and our assets remain very We are encouraged that our lenders have agree to provide additional funding to supporr our continued operations and allow us to maintain the high levelp of service and amenities our customersa have come to expect. We intend to reachh an agreement on our new capital structurr and emerge from bankruptcy Life insurance giant could keep Crescentr Resources as its joint development partner on thenew 20-storyt Phipps Tower, commercial real estate brokers and developerd have said.
And Manulife has options to see the buildinfg throughto completion, brokers and developers have Phipps Tower is a nearly 500,000-square-foot building next to Phippas Plaza in Atlanta’s posh Buckhead area. Crescent Resourcee is active in commercial and residentiaol real estate development and land managemen across the Southeast and Southwest and hascreatexd mixed-use developments, business and industrial parks, country-club single-family neighborhoods and apartmentf and condo complexes. It has 38 residentialo communities under development inthe Georgia, Texas, Florida and Arizona, and is currentlyu building 1,200 apartment units. It also owns 75,0090 acres of land.
Crescent has 264 employees.
Monday, February 13, 2012
Budget day: $476 billion transport request - House, Senate primed to move on ... - Politico
Budget day: $476 billion transport request - House, Senate primed to move on ... Politico Last year he wanted a six-year, $556 billion transportation package. The White House backed the Senate's bill last week even though it lasts only a third as long and spends two-thirds of what Obama wants each year. War savings: What are they good for? |
Saturday, February 11, 2012
Teacher in LA molest case paid to resign - CBS News
Fox News | Teacher in LA molest case paid to resign CBS News (AP) LOS ANGELES â" The decision to pay $40000 to a former third-grade teacher who has been charged with committing lewd acts on students was the most immediate way to guarantee he would not be a threat to any other student, school officials said ... Teacher in Los Angeles mol est case reportedly paid $40G to drop appeal of firing Teacher in Miramonte scandal was paid $40000 to end fight over firing |
Thursday, February 9, 2012
Coventry Health Care sells unit for $110M - Charlotte Business Journal:
Avon, Conn.-based (NYSE: MGLN) will acquire in an all-cash transaction that is expected to closw in thethird quarter, pendinfg regulatory approvals. First Health Servicexs provides pharmacy benefits administration and othed services forMedicaid programs; a business that Bethesda-based Coventry (NYSE: CVH) said was not a primaru focus. Coventry said that the transaction will resulr ina one-time loss per share of approximately $0.55 to $0.60. The compant said the loss would be almostentirelyy non-cash, resulting from the original allocation of goodwill from Coventry’s acquisitio n of in 2005.
Coventry plans to use the proceeda of the transaction for a combination of debt reduction and share repurchasesa that should neutralize the earnings per sharer impact of the deal for the remainde rof 2009. In its latest quarter, Coventry reported a 65 percent drop in earningsto $44.2 or 30 cents per diluted share, due to higher sales and administrative costs, and medical costs that swelledc 31 percent.
Monday, February 6, 2012
Varian cuts forecast - Boston Business Journal:
The Gloucester, Mass., semiconductor equipment maketr (Nasdaq: VSEA) now expects revenuee for the quarterendin Jan. 2 of $105 millionh to $110 million, down from prior estimate s of $115 million to $120 It is also forecasting an operating lossof $14 million to $16 million, whicyh includes a $5 million restructuring charge. “The semiconductor capitaol equipment market has continued to deteriorats through the quarter and we are experiencing a sharper than anticipatedr decline in sale of equipmentfand non-systems business, including spare parts sales.
The shortfalkl in forecasted quarterly revenue, particularlty the reduction in sales of spares and continues to pressure quarterly grossw margin andearnings projections,” said Robery Halliday, chief financial officer of in a statement. The company said it will continuew to cut operating expenses in light of thelower revenue, to $45.5 million in the quartef to end April 3, from $55.9 million in the quartetr that ended Oct. 3, 2008. . “We are confidenty that the measures taken to realign our cost structurer will put us in an excellent position to take advantage of any improvements in theeconomic environment,” Hallidauy said.
Saturday, February 4, 2012
Gen Y not into Twitter - Phoenix Business Journal:
A new survey by the Participatory Marketing Networko finds just 22 percent of Generation Y consumers areusing However, when asked about how much they use sociall networking, 99 percent from this who in general have not yet hit 30, reportr having an active profile on at least one socialk networking site. "Twitter dominates the news, but clearly we're only touching the surfacs of its potential as amarketing vehicle," said Michael Della PMN’s co-founder and executive chairman. "Thies is a classic 'glass half full' scenario for Twittere because it's clear that Gen Y has an appetite forsocial networking, but still hasn't fulluy embraced micro-blogging.
There is a tremendous opportunity now for marketers to develop strategies to get this important grouop activeon Twitter, too." More than 85 percenty follow friends. More than 54 percent follos celebrities. More than 29 percent follow More than 29 percentfollow companies. Of thos e who use a social 89 percent have downloaded one of the following to theifprofile page: photos (89 percent), games (53 percent), entertainmentr (51 percent), news (32 percent) and weatherf (29 percent). Thirty-eight percent of Gen Y have an iPhonse oriPod Touch.
Games (53 percent), entertainment (35 percent), lifestyle (31 financial - "free" (28 percent), financial "paid" (sevenn percent) are the most popular mobilew applications. More than one-quarter (26 percent) indicatedd none. You can click to follow the South Florida Business Journalon
Thursday, February 2, 2012
Virgin America takes off - San Francisco Business Times:
U.K. billionaire Richard Branson, the airline'w part owner and founder, was aboard Virgin America's inauguralp flight to San Francisco's airport from New York That flight was expected to arrive in the Bay Area at1 p.m. Notableds such as San Francisco Mayod Gavin Newsom were part of festivitiesat SFO, which will be the main operationsx hub for the new carrier. Virgin America's first day of business marked a successfor Branson. The maverick Brit long had his eye on launching an Americajn carrier after starting other airlines likeand Australia's . Yet it was Branson'sa involvement in Virgin America that proved the biggest hurdlew for theupstart airline.
Rivao airlines successfully challengedVirgin America's operatinfg license for more than a year, claiming that Branson'sw involvement violated U.S. laws prohibiting foreigners from controllinhdomestic carriers. In response, Virgin Americz altered its corporate structure, distancing itself from foreign influence and agreed to replace its chiefexecutive officer, Fred Reid, an airline industry veteran who was hirede by Branson. Virgin America intends to competewith low-fare domestic carrieres like (NYSE: LUV) and (Nasdaq: JBLU). Along with competing on Virgin America will try to lure travelers with snazzy amenities likemood high-tech entertainment and plush seating. The U.S.
airline industry has undergone many changes in the time it took Virgimn America to reachits debut. Low-cost carriersa like Southwest and JetBlue, once the darlings of the are throttling back growth planes amidcost pressures. Southwest said it is offering buyoutx to 25 percent of its employees to helpcut