International Business Times | Apple Implements Sweeping Labor Reforms in Foxconn After Auditor Warns of ... International Business Times By Surojit Chatterjee: Subscribe to Surojit's RSS feed An independent investigation into Foxconn factories and working conditions finds that changes need to be made. Apple has said they will be improved. The investigation was conducted by the Fair ... Foxconn Economics: We're » |
Saturday, March 31, 2012
Apple Implements Sweeping Labor Reforms in Foxconn After Auditor Warns of ... - International Business Times
yzirapogyg.wordpress.com
Thursday, March 29, 2012
Taylor overcomes doubters, leads Kansas to Final Four - New York Post
yfimuna.wordpress.com
New York Post | Taylor overcomes doubters, leads Kansas to Final Four New York Post By BRIAN LEWIS Tyshawn Taylor has quickly gone from the most polarizing Kansas player in recent memory to one of its most popular, from one of the most scrutinized to one of the most celebrated. That's what a month can do for a college basketb » |
Tuesday, March 27, 2012
LandMar files for bankruptcy - Jacksonville Business Journal:
iqukikofor.wordpress.com
The Jacksonville-based residential development company was among 125 affiliatees that filed along with itsparent company, Charlotte-based , in the Westernm District of Texas. Crescent’s estimated liabilities are morethan $1 according to the and its largest debt, at $13.6 million, is to Bank of The filing was necessary, according to a statement on Crescent’e Web site, for the companyy to reorganize its finances, reduce its debt levepl and improve its capital structure.
Crescen intends to operate its continuing businesses without any significan interruption during the restructuring procesa because of a recentlyobtained debtor-in-possession financint facility of $110 million from a group of its existing lenders, according to the Andrew Hede, Crescent’s chief restructuring has been named CEO while its forme r chief executive, Arthur Fields, has retirex and will work with Crescent in an advisory capacity.
“W e have been in active discussionds with our lenders and other stakeholderas as we work towards an agreement that will bring our capitalk structure in line with the currenteconomidc environment,” Hede said in a statement on the company’s Web Charlotte-based Crescent has been pursuing alternatives to shore up its balance sheet for including selling some of its The company is jointly owned by DUK) and Morgan Stanley and has 38 residentialk communities under development in the Georgia, Texas, Arizona and Florida.
Crescenf acquired a controlling interest in LandMar in butleft LandMar’s founder, Ed in control of the company until he resignee after a failed attempt to buy back the companyy in 2007. The Jacksonville Economic Development Commission authorized city lawyerw in May to start the foreclosure process onthe 41-acrer parcel that was to be the Shipyards. Plans for the Shipyards includedf 1 million square feet ofoffice space, 100,0090 square feet of commercial space, 662 residential 350 hotel rooms and 150 marinza slips. LandMar has developed or had plans to develo p dozens more properties in Florida and throughoutthe Southeast.
The Jacksonville-based residential development company was among 125 affiliatees that filed along with itsparent company, Charlotte-based , in the Westernm District of Texas. Crescent’s estimated liabilities are morethan $1 according to the and its largest debt, at $13.6 million, is to Bank of The filing was necessary, according to a statement on Crescent’e Web site, for the companyy to reorganize its finances, reduce its debt levepl and improve its capital structure.
Crescen intends to operate its continuing businesses without any significan interruption during the restructuring procesa because of a recentlyobtained debtor-in-possession financint facility of $110 million from a group of its existing lenders, according to the Andrew Hede, Crescent’s chief restructuring has been named CEO while its forme r chief executive, Arthur Fields, has retirex and will work with Crescent in an advisory capacity.
“W e have been in active discussionds with our lenders and other stakeholderas as we work towards an agreement that will bring our capitalk structure in line with the currenteconomidc environment,” Hede said in a statement on the company’s Web Charlotte-based Crescent has been pursuing alternatives to shore up its balance sheet for including selling some of its The company is jointly owned by DUK) and Morgan Stanley and has 38 residentialk communities under development in the Georgia, Texas, Arizona and Florida.
Crescenf acquired a controlling interest in LandMar in butleft LandMar’s founder, Ed in control of the company until he resignee after a failed attempt to buy back the companyy in 2007. The Jacksonville Economic Development Commission authorized city lawyerw in May to start the foreclosure process onthe 41-acrer parcel that was to be the Shipyards. Plans for the Shipyards includedf 1 million square feet ofoffice space, 100,0090 square feet of commercial space, 662 residential 350 hotel rooms and 150 marinza slips. LandMar has developed or had plans to develo p dozens more properties in Florida and throughoutthe Southeast.
Sunday, March 25, 2012
Growth hopes underpin shares, dollar - CNBC.com
gonyzyf.wordpress.com
Moneycontrol.com | Growth hopes underpin shares, dollar CNBC.com LONDON (Reuters) - European shares opened near five-month highs as a brighter global economic outlook fuelled investor risk appetite, underpinning the dollar and reducing the appeal of safe-haven government debt. Improving US economic data and a signal ... Yen Posts Longest Losing Stre ak in 3 Years on Growth FOREX-Dlr off vs yen, euro after r » |
Friday, March 23, 2012
Bob Moritz Selected as PricewaterhouseCoopers' U.S. Chairman and Senior Partner
mozybyd.wordpress.com
Mr. Moritz will succeed Dennis M. Nally , who will beginh a four-year term as Global Chairmajn of the PricewaterhouseCoopers Networknext month. Mr. Nally has servede as the U.S. Chairman and Senior Partner since 2002. (Photo: Mr. Moritzz has held a number of leadership positionsdat PwC. Since Mr. Moritz has led the firm's Assurance business, which provides audit, assurance and accountin expertise, and he serves as a membeer ofthe U.S. firm's leadershi team and the global assuranceleadership team. He previouslyy served as managing partnerof PwC's New York office and the metr region and led the firm's U.S. financial services He joined PwC in New Yorkin 1985. Mr.
Moritz has extensiver experience serving large multinational clientws in a variety of principally focusing onthe banking, capital insurance, investment management and real estate sectors. He also serves on a three-year assignment with PwC's Japan firm wheree he provided audit and advisoryt services to Europeanand U.S.-based financial servicez organizations operating in Japan. He is a member of the America n Instituteof CPAs, and the New York and New Jerseyh State Societies of CPAs. Mr. Morita received a B.S. degree in business administratiofrom SUNY-Oswego in 1985. Commenting on his Mr.
Moritz said, "I am honore to have been chosen by my partners to lead our firm througb thesechallenging times. I know that our firm's commitment to delivering outstandin service toour clients, as well as our commitments to our and to responsible leadership will be the keys for sustainabler growth in this difficult period." Mr. Nallyy praised the election of Mr. Moritz. "Bob Moritz has been an importantt part ofthe firm's U.S. leadership for severalk years, and has made invaluablew contributions as ourAssurance leader. I know that he has the deptnh and breadth of experience needed to be an outstandingh leader forthe U.S.
and I look forward to continuinvg to work closely with him as we take PricewaterhouseCooperxs in the United States and our global networko to greater success for our people and forour clients." provides industry-focused assurance, tax and advisory services to build publicd trust and enhance value for its clientz and their stakeholders. More than 155,000 people in 153 countriea across our network share their experience and solutions to develop fresh perspectives andpractical advice. "PricewaterhouseCoopers"" refers to the network of memberr firms of PricewaterhouseCoopersInternationa Limited, each of which is a separate and independent legalp entity.
Mr. Moritz will succeed Dennis M. Nally , who will beginh a four-year term as Global Chairmajn of the PricewaterhouseCoopers Networknext month. Mr. Nally has servede as the U.S. Chairman and Senior Partner since 2002. (Photo: Mr. Moritzz has held a number of leadership positionsdat PwC. Since Mr. Moritz has led the firm's Assurance business, which provides audit, assurance and accountin expertise, and he serves as a membeer ofthe U.S. firm's leadershi team and the global assuranceleadership team. He previouslyy served as managing partnerof PwC's New York office and the metr region and led the firm's U.S. financial services He joined PwC in New Yorkin 1985. Mr.
Moritz has extensiver experience serving large multinational clientws in a variety of principally focusing onthe banking, capital insurance, investment management and real estate sectors. He also serves on a three-year assignment with PwC's Japan firm wheree he provided audit and advisoryt services to Europeanand U.S.-based financial servicez organizations operating in Japan. He is a member of the America n Instituteof CPAs, and the New York and New Jerseyh State Societies of CPAs. Mr. Morita received a B.S. degree in business administratiofrom SUNY-Oswego in 1985. Commenting on his Mr.
Moritz said, "I am honore to have been chosen by my partners to lead our firm througb thesechallenging times. I know that our firm's commitment to delivering outstandin service toour clients, as well as our commitments to our and to responsible leadership will be the keys for sustainabler growth in this difficult period." Mr. Nallyy praised the election of Mr. Moritz. "Bob Moritz has been an importantt part ofthe firm's U.S. leadership for severalk years, and has made invaluablew contributions as ourAssurance leader. I know that he has the deptnh and breadth of experience needed to be an outstandingh leader forthe U.S.
and I look forward to continuinvg to work closely with him as we take PricewaterhouseCooperxs in the United States and our global networko to greater success for our people and forour clients." provides industry-focused assurance, tax and advisory services to build publicd trust and enhance value for its clientz and their stakeholders. More than 155,000 people in 153 countriea across our network share their experience and solutions to develop fresh perspectives andpractical advice. "PricewaterhouseCoopers"" refers to the network of memberr firms of PricewaterhouseCoopersInternationa Limited, each of which is a separate and independent legalp entity.
Tuesday, March 20, 2012
Sunday, March 18, 2012
SIUE goes to court over failed conference center - Dallas Business Journal:
jiqatili.wordpress.com
Developer William Shaw and couldn’t come up with financinh for the hotel andconference center, whicyh was to be called the Spring Green Lodger and located at University Park, SIUE’sw research and technology park, according to university spokesman Gregory The project, first announced in died in 2007 when a ground lease between SIU and WLS expiref following extensions for the project. SIUE filed a declaratorgy judgment action Monday inMadisonb County, Ill., seeking to have the courg bring legal closure to its hotel conferencee center project.
If approved, WLS would have to removre all construction equipment and materials and remove the building foundation it constructed to complhy with the terms ofthe lease, Conroyy said. That would free up the site, located at Illinoid Route 157 and UniversityPark Drive, to become availabled for lease and development, the universityh said. University Park currently has 23 tenantx representing a number of business sectora includingagricultural biotechnology, health sciences, design professionals and informationh technology. The most recent announced additiobn to the park is the Blood Processing Center and National Testing Laboratory.
The American Red Cros plans to move toa 15-acre site at Universityg Park Drive and South Researchu Drive and bring more than 500 jobs to the
Developer William Shaw and couldn’t come up with financinh for the hotel andconference center, whicyh was to be called the Spring Green Lodger and located at University Park, SIUE’sw research and technology park, according to university spokesman Gregory The project, first announced in died in 2007 when a ground lease between SIU and WLS expiref following extensions for the project. SIUE filed a declaratorgy judgment action Monday inMadisonb County, Ill., seeking to have the courg bring legal closure to its hotel conferencee center project.
If approved, WLS would have to removre all construction equipment and materials and remove the building foundation it constructed to complhy with the terms ofthe lease, Conroyy said. That would free up the site, located at Illinoid Route 157 and UniversityPark Drive, to become availabled for lease and development, the universityh said. University Park currently has 23 tenantx representing a number of business sectora includingagricultural biotechnology, health sciences, design professionals and informationh technology. The most recent announced additiobn to the park is the Blood Processing Center and National Testing Laboratory.
The American Red Cros plans to move toa 15-acre site at Universityg Park Drive and South Researchu Drive and bring more than 500 jobs to the
Friday, March 16, 2012
Penguins - Red Wings Stanley Cup games provide boost for hotels, restaurants - Charlotte Business Journal:
geqopimozaqyxyh.blogspot.com
According to VisitPittsburgh, each home game between the and the Detroit Red Wings brings anestimated $4.9 millioh in economic impact, whether its from hotelo stays, meals at restaurants or other spending. A numbed of hotels are fully booked, including the Omni Williamm Penn, which hosts the NHL’ management, the , with the caveat that it always sellxs out Tuesdays and Wednesdays anyway tobusinesx travelers, and the . Tom Martini, the general manageer for the Westin ConventionCenter Hotel, locate Downtown, described the added boost of Stanley Cup-related “We would’ve been busy but we wouldn’t have been sellintg out,” he said.
“This has allowedc us to fill up the entire all616 rooms.” Martinu and other hotel operators emphasized the addedf jolt of unexpected business comes duringv an otherwise down year from hotekl business following a strong 2008, which also featuredx a Penguins-Red Wings Stanley Cup that was lost by Pittsburgh’sx favorite flightless birds. Bob Page, the area directofr of sales and marketingfor Omni, said the NFL’ss coterie of league officials, along with media, has broughty an increase in occupancy beyond the two game days, comparable to the businesd generated from a strong home playoff run by the , although not toppinb it.
“It’s not to the degree of probably the AFC but it’s still greaft business for us,” he said. “It’s selling us The story is a little more complicated for local restaurants and bars. John Barsotti, owner of The Common Plea, located downtown, estimated the restaurant has seen a 25 percent increase when the Penguins are playing playoff games in But when the team isplaying away, the hockeuy fan diners stay away. “We’ve seen increasee when they’re here,” said Barsotti, who estimated his 2009 businessw is up by 25 percent over last despitethe recession.
“But on the opposit page, we see a little bit of a decreasew when they go outof town.” Chris owner of Bocktown Beer and in North Fayette, said it can be trickg for her operation to jump from a busy nighr of a hockey game to extrza slow nights when there isn’rt one. She expects that plenty of customers are strugglin to go the distanc withthe seven-game series. “It’s hard for the businessd becausepeople don’t have the money to be out everg other night,” she said. “It tendz to be that people who watcy the playoffs really have to watchtheir pennies.
”
According to VisitPittsburgh, each home game between the and the Detroit Red Wings brings anestimated $4.9 millioh in economic impact, whether its from hotelo stays, meals at restaurants or other spending. A numbed of hotels are fully booked, including the Omni Williamm Penn, which hosts the NHL’ management, the , with the caveat that it always sellxs out Tuesdays and Wednesdays anyway tobusinesx travelers, and the . Tom Martini, the general manageer for the Westin ConventionCenter Hotel, locate Downtown, described the added boost of Stanley Cup-related “We would’ve been busy but we wouldn’t have been sellintg out,” he said.
“This has allowedc us to fill up the entire all616 rooms.” Martinu and other hotel operators emphasized the addedf jolt of unexpected business comes duringv an otherwise down year from hotekl business following a strong 2008, which also featuredx a Penguins-Red Wings Stanley Cup that was lost by Pittsburgh’sx favorite flightless birds. Bob Page, the area directofr of sales and marketingfor Omni, said the NFL’ss coterie of league officials, along with media, has broughty an increase in occupancy beyond the two game days, comparable to the businesd generated from a strong home playoff run by the , although not toppinb it.
“It’s not to the degree of probably the AFC but it’s still greaft business for us,” he said. “It’s selling us The story is a little more complicated for local restaurants and bars. John Barsotti, owner of The Common Plea, located downtown, estimated the restaurant has seen a 25 percent increase when the Penguins are playing playoff games in But when the team isplaying away, the hockeuy fan diners stay away. “We’ve seen increasee when they’re here,” said Barsotti, who estimated his 2009 businessw is up by 25 percent over last despitethe recession.
“But on the opposit page, we see a little bit of a decreasew when they go outof town.” Chris owner of Bocktown Beer and in North Fayette, said it can be trickg for her operation to jump from a busy nighr of a hockey game to extrza slow nights when there isn’rt one. She expects that plenty of customers are strugglin to go the distanc withthe seven-game series. “It’s hard for the businessd becausepeople don’t have the money to be out everg other night,” she said. “It tendz to be that people who watcy the playoffs really have to watchtheir pennies.
”
Wednesday, March 14, 2012
MYâ„¢ Announces the Launch of MY Prime Anti-Aging Formulas Containing Pili and ... - San Francisco Chronicle (press release)
edovogopu.wordpress.com
MYâ„¢ Announces the Launch of MY Prime Anti-Aging Formulas Containing Pili and ... San Francisco Chronicle (press release) Select products in the MY Prime line contain Pili oil, derived from botanicals indigenous to the Philippines, as well as Moringa oil, also found in the Philippines. Rich in antioxidants and omega fatty acids, these extraordinary Asian botanical oils ... |
Monday, March 12, 2012
NTS buys Plainview Apartments - The Business Review (Albany):
iwyqaxewun.wordpress.com
Financing for the purchase, which was made through an NTS , was provided by the , accordinh to a news release. The purchase pricd was not disclosed. The previoua owner was PlainviewApartments LP, a Denver-basedr investment partnership, according to online records from the Jefferson Count y Property Valuation Administrator and the Kentuckyg Secretary of State. Its assessec value for tax purposewsis $9.7 million, according to the PVA Web site. Occupancy at the time of the purchasd was about94 percent, the release NTS plans to enhancre and renovate the property but no details were discloses in the release.
The apartment complex was developed as part of the Plainviewaplanned community, which includes 800 single-family more than 1,000 apartments, 500 town homes, multiplwe shopping centers and nearlh 2 million square feet of offices space. NTS began construction and development of theplanned Louisville’s first, in the early 1970s. With the NTS Development Co. and its affiliates now own four apartmenr communitiesin Louisville. Its other holdings in the area are HurstbournerGrand Apartments, The Overlook at St. Thomasa and The Willows of Plainview.
NTS also managews 14 other apartment communities and 31 commercialk properties with more than 5 millionb feetof office, retail and warehouse space in the Southeast.
Financing for the purchase, which was made through an NTS , was provided by the , accordinh to a news release. The purchase pricd was not disclosed. The previoua owner was PlainviewApartments LP, a Denver-basedr investment partnership, according to online records from the Jefferson Count y Property Valuation Administrator and the Kentuckyg Secretary of State. Its assessec value for tax purposewsis $9.7 million, according to the PVA Web site. Occupancy at the time of the purchasd was about94 percent, the release NTS plans to enhancre and renovate the property but no details were discloses in the release.
The apartment complex was developed as part of the Plainviewaplanned community, which includes 800 single-family more than 1,000 apartments, 500 town homes, multiplwe shopping centers and nearlh 2 million square feet of offices space. NTS began construction and development of theplanned Louisville’s first, in the early 1970s. With the NTS Development Co. and its affiliates now own four apartmenr communitiesin Louisville. Its other holdings in the area are HurstbournerGrand Apartments, The Overlook at St. Thomasa and The Willows of Plainview.
NTS also managews 14 other apartment communities and 31 commercialk properties with more than 5 millionb feetof office, retail and warehouse space in the Southeast.
Saturday, March 10, 2012
TeleTech shares fall 20 percent - Denver Business Journal:
azajir.wordpress.com
TeleTech operates call centers and back office operations for businessexs inseveral industries, including telecommunications. The Englewoodr company (NASDAQ: TTEC) has locations in 17 countriex and employs morethan 53,000 people worldwide. Stifel Nicolauas analyst Shlomo Rosenbaum, in a report issueds Wednesday, dropped TeleTech shares from a “buy” ratinhg to “hold” on the Sprint Nextel closure The analyst also lowered his forecast of 2009 earnings per share for TeleTech by32 percent, from $1.10 per share to 83 centw per share on lower revenue. TeleTech’s shars price fell $1.76 to $6.74 at the closr of regular trading Wednesday.
Sprint Nextel’xs expected closures may fall hardest on contractors that theOverland Park, Kan.-based telecom hired for outsourced custome r call center work, the Stifel Nicolauss report predicted. It notedc that TeleTech is one of threemain business-processw outsourcing companies used by Sprint Nextel for call centerr work. “If volumes are cut across the board, we expecy TTEC to be the most impacted,” Rosenbaum’s repory said.
TeleTech operates call centers and back office operations for businessexs inseveral industries, including telecommunications. The Englewoodr company (NASDAQ: TTEC) has locations in 17 countriex and employs morethan 53,000 people worldwide. Stifel Nicolauas analyst Shlomo Rosenbaum, in a report issueds Wednesday, dropped TeleTech shares from a “buy” ratinhg to “hold” on the Sprint Nextel closure The analyst also lowered his forecast of 2009 earnings per share for TeleTech by32 percent, from $1.10 per share to 83 centw per share on lower revenue. TeleTech’s shars price fell $1.76 to $6.74 at the closr of regular trading Wednesday.
Sprint Nextel’xs expected closures may fall hardest on contractors that theOverland Park, Kan.-based telecom hired for outsourced custome r call center work, the Stifel Nicolauss report predicted. It notedc that TeleTech is one of threemain business-processw outsourcing companies used by Sprint Nextel for call centerr work. “If volumes are cut across the board, we expecy TTEC to be the most impacted,” Rosenbaum’s repory said.
Thursday, March 8, 2012
Tuesday, March 6, 2012
'Sleeper House' foreclosure is withdrawn - Washington Business Journal:
torbjorntrainer1738.blogspot.com
The futuristic-looking house sits on Genesee just outsidemetro Denver, and was featured in director/actor Woody Allen’s 1973 movi “Sleeper.” The house, with a mortgags balance of $3.13 million, was foreclosed on in the firsr quarter with LLC as the lender’s The home’s owner is Denvefr businessman Michael Dunahay, founder of local timeshared company Vacation Solutions LLC. Foreclosures generally are withdrawn becaus e a property owner is working with a lendedr to bring a loan currentg or a foreclosuresale wasn’t held in a timelyh manager, according to Colorado foreclosure information.
Even after the foreclosure is if the loan stays in defaulty or goes intodefault again, a new foreclosure can be filed. Built in 1963 by the late architectCharlees Deaton, the three-story “Sleeper House” is officially called the Sculpturecd House, and is knowmn for its curved design. It’s internationallyg recognized as “one of the finest exampleas of modern organic architecture in the accordingto ArchitectureForSale.com. Dunahay bought the house in 2006for $3.434 million, according to county real estate from software millionaire and economic-development guru John Huggins formerly was CFO of the Johnson-Gracee Co.
software business, as well as former directore of the Denver Office ofEconomic Development. The housee was on the market for four years beforew Dunahaypurchased it, and was pricedc at $10 million when Huggins put it on the markeft in 2002. Property records show Huggins bought the housr in 1999for $1.33 million. Including roughly 7,000p square feet of space, the housse has five bedrooms, five bathrooms and a four-car garage.
The futuristic-looking house sits on Genesee just outsidemetro Denver, and was featured in director/actor Woody Allen’s 1973 movi “Sleeper.” The house, with a mortgags balance of $3.13 million, was foreclosed on in the firsr quarter with LLC as the lender’s The home’s owner is Denvefr businessman Michael Dunahay, founder of local timeshared company Vacation Solutions LLC. Foreclosures generally are withdrawn becaus e a property owner is working with a lendedr to bring a loan currentg or a foreclosuresale wasn’t held in a timelyh manager, according to Colorado foreclosure information.
Even after the foreclosure is if the loan stays in defaulty or goes intodefault again, a new foreclosure can be filed. Built in 1963 by the late architectCharlees Deaton, the three-story “Sleeper House” is officially called the Sculpturecd House, and is knowmn for its curved design. It’s internationallyg recognized as “one of the finest exampleas of modern organic architecture in the accordingto ArchitectureForSale.com. Dunahay bought the house in 2006for $3.434 million, according to county real estate from software millionaire and economic-development guru John Huggins formerly was CFO of the Johnson-Gracee Co.
software business, as well as former directore of the Denver Office ofEconomic Development. The housee was on the market for four years beforew Dunahaypurchased it, and was pricedc at $10 million when Huggins put it on the markeft in 2002. Property records show Huggins bought the housr in 1999for $1.33 million. Including roughly 7,000p square feet of space, the housse has five bedrooms, five bathrooms and a four-car garage.
Sunday, March 4, 2012
UPMC asks judge to dismiss West Penn lawsuit - Pittsburgh Business Times:
ycoguqi.wordpress.com
In a petition to dismiss the complaintffiled Wednesday, UPMC alleged that West Penn Allegheny’z lawsuit was “wholly devoid of actual that would support the idea that UPMC and healtu insurer had conspired to squeeze West Penn Alleghenyg out of the region’s health care “WPAHS’s conspiracy theory is not just unsupported by it simply makes no according to UPMC’s petition.
“WPAHS’ naked assertioj of a conspiracy, without more, merely inviteas a fishing expedition into expensive Inits lawsuit, West Penn Alleghenyg alleged that UPMC and Highmarmk had conspired for several years to restrict competitiomn in the region’s health care market to protecg the dominant share of the hospital and health insurancr market that UPMC and Highmark enjoy, according to the West Penn Allegheny is seeking unspecifier treble damages. Spokesmen from UPMC and Highmarm have deniedthe claims.
UPMC and Highmark are “notorious antagonists, with a bitter historu of fights over reimbursement ratexs and litigation againsteach other,” according to the UPMC also denied lurin g away West Penn Allegheny doctor s to financially cripple the region’s second- largest hospital network, saying the hiring of doctors and formingf joint ventures with hospitals are “aspectz of entirely normal business reflecting actions firms take every day withoutf any hint of illegal conspiracy.” U.S. District Coury Judge Arthur Schwab is handlingthe case, and therew was no indication when he woulsd rule on UPMC’s petition.
West Penn Alleghenyg reported an operating lossof $93.0 million for the year endin g June 30, 2008 and an operating loss of $8.2 milliohn for the third quarter of the current fiscall year, which compares to a loss of $2.9 million for the same period a year ago. Operatingv losses for the nine-month period endingf March 31 reached $34. million, more than twicde the $15.5 million loss reported for the same period in according tounaudited results.
In a petition to dismiss the complaintffiled Wednesday, UPMC alleged that West Penn Allegheny’z lawsuit was “wholly devoid of actual that would support the idea that UPMC and healtu insurer had conspired to squeeze West Penn Alleghenyg out of the region’s health care “WPAHS’s conspiracy theory is not just unsupported by it simply makes no according to UPMC’s petition.
“WPAHS’ naked assertioj of a conspiracy, without more, merely inviteas a fishing expedition into expensive Inits lawsuit, West Penn Alleghenyg alleged that UPMC and Highmarmk had conspired for several years to restrict competitiomn in the region’s health care market to protecg the dominant share of the hospital and health insurancr market that UPMC and Highmark enjoy, according to the West Penn Allegheny is seeking unspecifier treble damages. Spokesmen from UPMC and Highmarm have deniedthe claims.
UPMC and Highmark are “notorious antagonists, with a bitter historu of fights over reimbursement ratexs and litigation againsteach other,” according to the UPMC also denied lurin g away West Penn Allegheny doctor s to financially cripple the region’s second- largest hospital network, saying the hiring of doctors and formingf joint ventures with hospitals are “aspectz of entirely normal business reflecting actions firms take every day withoutf any hint of illegal conspiracy.” U.S. District Coury Judge Arthur Schwab is handlingthe case, and therew was no indication when he woulsd rule on UPMC’s petition.
West Penn Alleghenyg reported an operating lossof $93.0 million for the year endin g June 30, 2008 and an operating loss of $8.2 milliohn for the third quarter of the current fiscall year, which compares to a loss of $2.9 million for the same period a year ago. Operatingv losses for the nine-month period endingf March 31 reached $34. million, more than twicde the $15.5 million loss reported for the same period in according tounaudited results.
Thursday, March 1, 2012
Oracle to pay $5.6B for Sun Microsystems - New Mexico Business Weekly:
lamoreuuceses1724.blogspot.com
billion to buy The companiees valued the dealat $7.4 billion, including cash and debt. At $9.5p a share, the price is a 42 percent premiumover Sun'ws closing price on Friday. Sun shares rose aboug 38 percent on the reaching $9.20 in afternoojn trading. Oracle shares drooped about 2 percentrby afternoon, reaching $18.80. Redwoodr City-based Oracle (NASDAQ:ORCL) expects to add at leastr 15 cents to its bottom line from the deal in thefirsr year. The company expects to add $1.5 billion to operatinvg profit in the first year and morethan $2 billion in the seconc year.
The deal appears to end a drawn-out attemptf to sell Santa Clara-based Sun (NASDAQ:JAVA), which earlierd in the year had unsuccessfull negotiationswith (NYSE:IBM) which reportedly broke down at the last minute. It is expecterd to be completedthis summer. "The acquisition of Sun transforms the IT combining best-in-class enterprise software and mission-critical computin systems," said Oracle Chief Executive Larry Ellison in a Oracle uses Sun's Java software and language already in some of its productsd including its Fusion Middleware business and it uses the Solarixs operating system for its database business. Roger a former IBM executive and now CEO ofIngre Corp.
, said the "revenue and earnings momentunm from the string of acquisitions that Oracl e has made is forcing them to buy into the hardwarr business as they have run out of softwarer assets to buy. The timinv is interesting as startingg next quarter the BEA acquisition will no longer mask any slowdowjn in revenues or margin improvements in the corebusineses (BEA closed on April 29, When this deal goes through, then Oraclw becomes a single stacik hardware, OS and applications company -- a market positiom that HP has always and IBM had to retreat from.
” Burkhardy added that the "cause of Sun’zs demise lies in the commoditization of their hardware businesss from open source and open standards. The compellinbg cost advantage of Linux on commodity hardware squeezed out the revenuwe and profitfrom Sun’s SPARd server business and their software business is tiny by
billion to buy The companiees valued the dealat $7.4 billion, including cash and debt. At $9.5p a share, the price is a 42 percent premiumover Sun'ws closing price on Friday. Sun shares rose aboug 38 percent on the reaching $9.20 in afternoojn trading. Oracle shares drooped about 2 percentrby afternoon, reaching $18.80. Redwoodr City-based Oracle (NASDAQ:ORCL) expects to add at leastr 15 cents to its bottom line from the deal in thefirsr year. The company expects to add $1.5 billion to operatinvg profit in the first year and morethan $2 billion in the seconc year.
The deal appears to end a drawn-out attemptf to sell Santa Clara-based Sun (NASDAQ:JAVA), which earlierd in the year had unsuccessfull negotiationswith (NYSE:IBM) which reportedly broke down at the last minute. It is expecterd to be completedthis summer. "The acquisition of Sun transforms the IT combining best-in-class enterprise software and mission-critical computin systems," said Oracle Chief Executive Larry Ellison in a Oracle uses Sun's Java software and language already in some of its productsd including its Fusion Middleware business and it uses the Solarixs operating system for its database business. Roger a former IBM executive and now CEO ofIngre Corp.
, said the "revenue and earnings momentunm from the string of acquisitions that Oracl e has made is forcing them to buy into the hardwarr business as they have run out of softwarer assets to buy. The timinv is interesting as startingg next quarter the BEA acquisition will no longer mask any slowdowjn in revenues or margin improvements in the corebusineses (BEA closed on April 29, When this deal goes through, then Oraclw becomes a single stacik hardware, OS and applications company -- a market positiom that HP has always and IBM had to retreat from.
” Burkhardy added that the "cause of Sun’zs demise lies in the commoditization of their hardware businesss from open source and open standards. The compellinbg cost advantage of Linux on commodity hardware squeezed out the revenuwe and profitfrom Sun’s SPARd server business and their software business is tiny by
Subscribe to:
Posts (Atom)