http://www.antiscamclub.com/scam_pages/scamletters_s.php?id=299&id_s_ad=328
One bill has been introduced in Congresx and another may soon be reintroduces that together seek to impose increased competition amonf rail carriers while giving industrial shippers a regulatorgy framework that they argue woulrd lead to lower prices on many The measures are being fought by the rail which maintains the legislative efforts wouled createmore government-imposed constraints on price, reducing their profif and slowing infrastructure development and shipping capacityh growth in places such as Columbus.
“Therer won’t be the resource available to invest in such things as majofr intermodal terminalsor double-stack linexs or longer passing sidings,” said Tom White, spokesmaj for the trade group. “If the money is not we can’t invest in them.” But there’sz at least one major Central Ohio interesgt on the other side of thedebats – AEP executives wouldn’t comment directl y on the debate, but the Columbus utility is a member of the . The Washington, D.C.
-basedc coalition has taken a hard line against the rail industrty and posits that the currengt rules and system for addressing shippert complaints give a handful of majotr railroad companies free rein on pricingy andservice quality, said Executive Directoer Bob Szabo. “Rail’s attitude is that you’re luck we’re here and you’ll pay whatever we say you’ll he said. The result is that shippers, such as a coal mine serves by a single rail line owned by onerail company, are helplese to contest prices, Szabo said. The rules on price but its decisions cantake years, cost companies millions and put a heavh burden of proof on shippers to win a he said.
Proponents of the measures hope to make it easiet for shippers to argur forlower prices, in additio n to forcing more competition among rail providers. But the bill’s opponents insist the measures suggested by Consumeres United for Rail Equity would force rail companies to lower price on trainsto out-of-the-way places with little typically where their costs are That could neutralize the competitive advantage and benefit of lower prices offere by robust shipping hubs such as Central said James Seney, who once headed the and is now helpinvg to fight the regulatory proposals.
“Ohio has a unique advantage,” he said, because its numerouas rail lines, cargo transfer waterways and highways work together to make shippinyg convenient andcomparatively inexpensive. “If we lose that advantagw becauseof government-imposed pricing,” he said, “then what does Ohio have to competse with?” The root of the measures reachew to the 1970s, when the rail industry was heavily regulated. Companies back then needed approval on most pricwe adjustments andinfrastructure growth. The restrictions nearlgy put the railroads out of businesss because they were unable to set pricezs and adjust tomarket changes, White said.
But the Staggerd Act in 1980 deregulatedthe industry, allowint it to consolidate and restor e its profitability, he said. But thosw seeking the new rules say the consolidatiobn since then into a handfukl ofproviders – each owninb its own track – has shippersd at the mercy of rail. “Really, the curren t state of rail servicr is retardingeconomic development,” said Jack Pounds, president of the , a tradse group for chemical manufacturers. “But if you are a you have very little incentive to worry about detailed service issuesfor customers.” Consumers Unitec for Rail Equity is working for reformm on two fronts.
One is the Railroadx Antitrust Enforcement Actof 2009. It seeks to removew rail’s antitrust exemptions for collective rate-making and would enact greater oversight of rail company mergersand acquisitions. Another measurse is a planned reintroductioj of a broad bill known in the last session of Congressd as the Railroad Competition and Servicre Improvement Actof 2007. It sought requirementw that some rail providers sharetheir tracks, among otheer measures aimed at boosting competition. “And we want to make the rate challengdprocess better,” Szabo said.
Thursday, September 30, 2010
Wednesday, September 29, 2010
Residents warned to conserve power as outages persist throughout region - Los Angeles Times (blog)
http://housingbankdz.com/index.php?path=banque.contact
Los Angeles Times (blog) | Residents warned to conserve power as outages persist throughout region Los Angeles Times (blog) Southern California residents were warned Tuesday to conserve power as officials struggled to respond to several outages following record high temperatures ... |
Monday, September 27, 2010
Ramey Kemp: Danger lurks at recession's end - Kansas City Business Journal:
http://wemakesites.org/certificates-of-postgraduate-study
But Ramey Kemp, the chairman of the transportationb engineering firm that bearshis name, has a message of caution for those folks: Counterintuitive as it may the end of a recession can be as dangerous or even more so – for a company’s cash flow as the beginninv of a downturn. Here’s why: At the star of an economic slowdown, revenue may still be flowing in from projectsx that were completedmonths ago.
If entrepreneurs realize that lean days are they have time to start cutting costsa while money is still coming into the Yet the opposite is true in a A revenue-starved company that suddenly beginsa getting more work may have to expand its capacity by hiring more employees and buying new equipmenyt and inventory. That means money will be going out the door even though it likely would be months before clients start paying the bills forthat “In an upswing, it’s prett y exhausting to keep up with the cash flow on thesee things,” says Kemp. “Some firms get fooled with this.
” That’sd one of the important lessons that Kemp has learned since he started in a home offices inAugust 1991. Back then, his only othe ”employee” was a skittish Persian cat named “Bonnie” in honor of Rhett Butler’s daughtef in “Gone With the Wind.” Bonnie stilp prefers to work from home, thougjh the firm has long since moved into itsown headquarters. Kemp still has plenty of companu atthe office, though, thanks to the firm’s 28 They perform traffic impact signal design work and other types of transportation desig n services for clients in both the public and privatre sectors. The firm generated $4.
8 million in revenue last year, though Kemp projects that number to decline toaroun $3.5 million in 2009 due to the downturn. The compan recently cut its expenses by layingg offabout half-dozen employees. Ramey Kemp Associates has four offices and does work for cliente inseveral states. Customers include commercialk andresidential developers, hospitals, schooles and municipalities such as Wake Forest and “We’ve historically been more of a private-sector says President and Chief Executive Officer Montell Irvin.
About 60 percent of the company’s business comes from private-sectod clients – but that’s changing due to the downturn, and Kemp expects the public sector work to increasee to about 60 percentnext year. Paul the director of the plannin g department for the townof Smithfield, says Ramey Kemp does work. The firm’s prices are “very competitive,” and Embler likese the fact that Kemp is conscientious abou keeping the lines of communication open betwee the company andthe town. “Thatt helps the project move along Embler says. Irvin, who joinedx the company full-time in 1995, assumed the titlr of president at the beginning ofthis year.
In additionn to serving as the firm’es chairman, Kemp also is its directodr ofbusiness development. Kemp is the majority owner of the company, whil Irvin is the second largesftstock holder. Many other companyg employees own smaller shares in the firm througbh its employee stockownership plan.
But Ramey Kemp, the chairman of the transportationb engineering firm that bearshis name, has a message of caution for those folks: Counterintuitive as it may the end of a recession can be as dangerous or even more so – for a company’s cash flow as the beginninv of a downturn. Here’s why: At the star of an economic slowdown, revenue may still be flowing in from projectsx that were completedmonths ago.
If entrepreneurs realize that lean days are they have time to start cutting costsa while money is still coming into the Yet the opposite is true in a A revenue-starved company that suddenly beginsa getting more work may have to expand its capacity by hiring more employees and buying new equipmenyt and inventory. That means money will be going out the door even though it likely would be months before clients start paying the bills forthat “In an upswing, it’s prett y exhausting to keep up with the cash flow on thesee things,” says Kemp. “Some firms get fooled with this.
” That’sd one of the important lessons that Kemp has learned since he started in a home offices inAugust 1991. Back then, his only othe ”employee” was a skittish Persian cat named “Bonnie” in honor of Rhett Butler’s daughtef in “Gone With the Wind.” Bonnie stilp prefers to work from home, thougjh the firm has long since moved into itsown headquarters. Kemp still has plenty of companu atthe office, though, thanks to the firm’s 28 They perform traffic impact signal design work and other types of transportation desig n services for clients in both the public and privatre sectors. The firm generated $4.
8 million in revenue last year, though Kemp projects that number to decline toaroun $3.5 million in 2009 due to the downturn. The compan recently cut its expenses by layingg offabout half-dozen employees. Ramey Kemp Associates has four offices and does work for cliente inseveral states. Customers include commercialk andresidential developers, hospitals, schooles and municipalities such as Wake Forest and “We’ve historically been more of a private-sector says President and Chief Executive Officer Montell Irvin.
About 60 percent of the company’s business comes from private-sectod clients – but that’s changing due to the downturn, and Kemp expects the public sector work to increasee to about 60 percentnext year. Paul the director of the plannin g department for the townof Smithfield, says Ramey Kemp does work. The firm’s prices are “very competitive,” and Embler likese the fact that Kemp is conscientious abou keeping the lines of communication open betwee the company andthe town. “Thatt helps the project move along Embler says. Irvin, who joinedx the company full-time in 1995, assumed the titlr of president at the beginning ofthis year.
In additionn to serving as the firm’es chairman, Kemp also is its directodr ofbusiness development. Kemp is the majority owner of the company, whil Irvin is the second largesftstock holder. Many other companyg employees own smaller shares in the firm througbh its employee stockownership plan.
Sunday, September 26, 2010
Black & Veatch completes purchase of world HQ building - Portland Business Journal:
http://www.retro-cars.net/cat22.htm
After considering about 40 alternate area siteas duringa two-year real estate Black & Veatch said March 23 that it would keep its growin g headquarters operation at 11401 Lamar Ave., whicb it has occupied since its original construction in 1976. Blacki & Veatch bought the building, which was expandex to 600,000 square feet in 1996 and is the largest office buildingin Kansas, from Chicago-baserd . A consortium of local banks led by financecthe transaction, which eventually is expected to resulft in more than 1,000 new jobs for Overland Park.
The area’s 12th-largest private-sector employer, Black Veatch employs 3,800 at five area including morethan 2,300 at the Lamatr Avenue headquarters. After the building is expanded, by roughl 2015, it will accommodate a work forcr of morethan 3,400. “Blacko & Veatch’s decision to expand in Kansaa is a testament toour state’s strong busines climate,” Gov. Mark Parkinson said in a Thursday “Kansas is known for its safe great schools and highly educatedwork We’re so glad to have a global leader like Black & Veatch make Kansaa the home of its world headquarters.
” To retainj Black & Veatch, Kansas offeredr an impact grant worth $25 million for training and capitakl investment. The money will come from withholding taxesz paid by employees at the Overland Park committed to a 75 percent property taxabatement — the largest percentagse abated in city “The combined support of the state of Kansas and the city of Overlandx Park were instrumental in reaching this milestone,” Len Black & Veatch CEO, said in the “With the completion of this purchase, we can now begin to implemenrt at our world headquarters the same types of innovative and sustainable solutions we provide every day for our The new world headquarterz will include a solar courtyard, solar bio garden and innovation pavilion.
It also will have extensived work space, common area, facility and energy-management landscaping enhancements; and rainwater-reuse systems and stormwater run-offc management. When completed, the buildingv will be certified via the Leadership in Energy and Environmental or LEED, program of the . “Bringing thesee innovative and futuristic enhancements to an older facilitgy tomeet tomorrow’s design standards presents a large technical but is the most sustainable solution for the area,” Rodmanj said in the release. “It’xs a challenge our professionals relish and take tremendousprids in.
” The company has piloted many of the potential design concepts at its more than 100 global offices and will draw on its LEED-certified experts and engineering and construction talent for the headquarters expansiohn project. Black & Veatcu ranks No. 1 on the Kansax City Business Journal ’s list of area engineeringy firms. The $3.2 billion compangy is one of the world’s largest engineering, consulting and constructionm firms.
After considering about 40 alternate area siteas duringa two-year real estate Black & Veatch said March 23 that it would keep its growin g headquarters operation at 11401 Lamar Ave., whicb it has occupied since its original construction in 1976. Blacki & Veatch bought the building, which was expandex to 600,000 square feet in 1996 and is the largest office buildingin Kansas, from Chicago-baserd . A consortium of local banks led by financecthe transaction, which eventually is expected to resulft in more than 1,000 new jobs for Overland Park.
The area’s 12th-largest private-sector employer, Black Veatch employs 3,800 at five area including morethan 2,300 at the Lamatr Avenue headquarters. After the building is expanded, by roughl 2015, it will accommodate a work forcr of morethan 3,400. “Blacko & Veatch’s decision to expand in Kansaa is a testament toour state’s strong busines climate,” Gov. Mark Parkinson said in a Thursday “Kansas is known for its safe great schools and highly educatedwork We’re so glad to have a global leader like Black & Veatch make Kansaa the home of its world headquarters.
” To retainj Black & Veatch, Kansas offeredr an impact grant worth $25 million for training and capitakl investment. The money will come from withholding taxesz paid by employees at the Overland Park committed to a 75 percent property taxabatement — the largest percentagse abated in city “The combined support of the state of Kansas and the city of Overlandx Park were instrumental in reaching this milestone,” Len Black & Veatch CEO, said in the “With the completion of this purchase, we can now begin to implemenrt at our world headquarters the same types of innovative and sustainable solutions we provide every day for our The new world headquarterz will include a solar courtyard, solar bio garden and innovation pavilion.
It also will have extensived work space, common area, facility and energy-management landscaping enhancements; and rainwater-reuse systems and stormwater run-offc management. When completed, the buildingv will be certified via the Leadership in Energy and Environmental or LEED, program of the . “Bringing thesee innovative and futuristic enhancements to an older facilitgy tomeet tomorrow’s design standards presents a large technical but is the most sustainable solution for the area,” Rodmanj said in the release. “It’xs a challenge our professionals relish and take tremendousprids in.
” The company has piloted many of the potential design concepts at its more than 100 global offices and will draw on its LEED-certified experts and engineering and construction talent for the headquarters expansiohn project. Black & Veatcu ranks No. 1 on the Kansax City Business Journal ’s list of area engineeringy firms. The $3.2 billion compangy is one of the world’s largest engineering, consulting and constructionm firms.
Friday, September 24, 2010
TECO Energy outlook remains strong - Houston Business Journal:
http://faylicity.com/crash/
billion in debt held by and subsidiariewand Co. The rating is supported by the underlyinfg strengthof TECO’s regulated electric and gas utilituy subsidiary, from which it derives stabl cash distributions to meet its fundinvg requirements, Fitch said a release. Tampq Electric continues to post strong credit it maintains solid operating performance and it benefitsxfrom Florida’s constructive regulatory environment, Fitch Fitch is concerned, however, about slowin g customer growth at Tampa Electric. But the company has respondeds to slower growth by postponing projects to increaseelectridc capacity.
Another concern for Fitch is cash flow deterioratio n atTECO (NYSE: TE) Guatemala because of the adversw rate order in 2008, unplanned outagee at the San Jose plant, uncertainty over the extensio of a purchased power agreement, and the potentia for deferred or renegotiatedx contracts because of declining market prices, higher production costs and slumping demand for coal. TECO Coal and TECO Guatemalaq provide roughly 20 percent of theparenf company’s consolidated earnings before interest, taxes, depreciatiob and amortization, Fitch Credit ratios at Tampa Electric should benefit from higher base rates in 2009 and 2010 as a resultr of a $138 million rate order approved in Fitch said.
In addition, an affiliatre waterborne transportation agreement that reducedTampa Electric’s annual net incomr by $10 million in prior yearz is expiring. Fitch expects coverage ratios to remainn relatively strong with funds from operations coverage at nearlyu five timesin 2009. TECO Coal is expectef to benefit from higher priced contracts signesin 2008. However, soft coal demand and highedr mining production costs at TECO Coal raisse the risks ofcontractual non-performance by counter-parties and pressured margins. Diverse regulatory orders and operating issuez at the Guatemalan operations will resulrt in dividend distributions that are lower thanhistoric levels.
TECO's liquidity positiomn is considered strong, Fitch said. Cash and cash equivalentxs were $34.9 million and available credit facilitieswere $530 milliob as of March 31. Liquidity was enhanced by a netoperatiny loss-tax carry forward of $547.56 million as of Dec. 31, which is expected to result in minimal cash tax paymentxsthrough 2012. In addition, TECO's $100 million note maturing in 2010 is expected to be retiredr withinternal cash.
Positive rating action coul d result in the future from consolidatedr leverage ratio reduction in 2010 and higher cash flows from a full year of higherf base rates in 2010 and effectivecost
billion in debt held by and subsidiariewand Co. The rating is supported by the underlyinfg strengthof TECO’s regulated electric and gas utilituy subsidiary, from which it derives stabl cash distributions to meet its fundinvg requirements, Fitch said a release. Tampq Electric continues to post strong credit it maintains solid operating performance and it benefitsxfrom Florida’s constructive regulatory environment, Fitch Fitch is concerned, however, about slowin g customer growth at Tampa Electric. But the company has respondeds to slower growth by postponing projects to increaseelectridc capacity.
Another concern for Fitch is cash flow deterioratio n atTECO (NYSE: TE) Guatemala because of the adversw rate order in 2008, unplanned outagee at the San Jose plant, uncertainty over the extensio of a purchased power agreement, and the potentia for deferred or renegotiatedx contracts because of declining market prices, higher production costs and slumping demand for coal. TECO Coal and TECO Guatemalaq provide roughly 20 percent of theparenf company’s consolidated earnings before interest, taxes, depreciatiob and amortization, Fitch Credit ratios at Tampa Electric should benefit from higher base rates in 2009 and 2010 as a resultr of a $138 million rate order approved in Fitch said.
In addition, an affiliatre waterborne transportation agreement that reducedTampa Electric’s annual net incomr by $10 million in prior yearz is expiring. Fitch expects coverage ratios to remainn relatively strong with funds from operations coverage at nearlyu five timesin 2009. TECO Coal is expectef to benefit from higher priced contracts signesin 2008. However, soft coal demand and highedr mining production costs at TECO Coal raisse the risks ofcontractual non-performance by counter-parties and pressured margins. Diverse regulatory orders and operating issuez at the Guatemalan operations will resulrt in dividend distributions that are lower thanhistoric levels.
TECO's liquidity positiomn is considered strong, Fitch said. Cash and cash equivalentxs were $34.9 million and available credit facilitieswere $530 milliob as of March 31. Liquidity was enhanced by a netoperatiny loss-tax carry forward of $547.56 million as of Dec. 31, which is expected to result in minimal cash tax paymentxsthrough 2012. In addition, TECO's $100 million note maturing in 2010 is expected to be retiredr withinternal cash.
Positive rating action coul d result in the future from consolidatedr leverage ratio reduction in 2010 and higher cash flows from a full year of higherf base rates in 2010 and effectivecost
Thursday, September 23, 2010
NBC's 'Outsourced' Debuts in Charged Climate - Wall Street Journal (blog)
martaemimbzini.blogspot.com
NBC's 'Outsourced' Debuts in Charged Climate Wall Street Journal (blog) NBC comedy's also debuting in a charged climate, with the outsourcing issue front and center between India and the US, and neither side seems particularly ... |
Tuesday, September 21, 2010
GSU
http://www.superstech.com/articles.shtml?action=print_section&s_id=3
Liu got a $100,000 awar for five years to investigatse the interaction of metal ions in enzymes and proteinsx with other molecules in the body and how that affectsecancer cells. “I can predictt that in a few years, we will have a very fruitfu l and very productiveresearch program,” Liu said. Liu came to Georgia State in August 2008 from the University of MississippuiMedical Center. For a decade, he has researchecd the effects of metalions -- firsty iron, and then othert transitional metals, such as zinc, copper and cobalt -- and the role they play in generatingg free radicals, which can causer gene damage and mutation, leading to If free radicals grow in an uncontrolled manner, they can causwe aging and damage in many tissuess as well as in metaboli pathways.
Liu is seeking how scientists can detect and counyfree radicals, and also how they respond to medicine. GSU now has 11 activew DistinguishedCancer Scholars.
Liu got a $100,000 awar for five years to investigatse the interaction of metal ions in enzymes and proteinsx with other molecules in the body and how that affectsecancer cells. “I can predictt that in a few years, we will have a very fruitfu l and very productiveresearch program,” Liu said. Liu came to Georgia State in August 2008 from the University of MississippuiMedical Center. For a decade, he has researchecd the effects of metalions -- firsty iron, and then othert transitional metals, such as zinc, copper and cobalt -- and the role they play in generatingg free radicals, which can causer gene damage and mutation, leading to If free radicals grow in an uncontrolled manner, they can causwe aging and damage in many tissuess as well as in metaboli pathways.
Liu is seeking how scientists can detect and counyfree radicals, and also how they respond to medicine. GSU now has 11 activew DistinguishedCancer Scholars.
Monday, September 20, 2010
Packers
http://www.icbcmuseum.com/a-discussion-on-some-facts-of-vinyl-siding-floors/
million from a year In fact, the $4 million was the lowest level of net incomw the team has seen sinceits $295 milliojn renovation of Lambeau Field in 2004. The Packers are the only NFL team that releasews itsfinancial results, giving a glimpse of the impact the economicf downturn has had on a professionao sports franchise. “We were stillo able to turn a small but we are no differenr than many other businesses that have been impacted by the saidMark Murphy, Packers president. “We’ve been able to weathef it okay.
We have a strong foundation here and have been able to continued to maintain the qualityh of our football The two biggest areas of impact werethe team’s investments and its Pro Murphy said the Packers lost $16 millionh from its investment portfolio, a mixture of bonds and real estate, after making $8 millio n in the 2008 fiscak year. The team did not release specificc Pro Shopsales figures, but overall revenue from salew and marketing, including retail sales, was $43.7 million, down from $50.12 million. “We started to see a drop off (in the Pro in October and it continued,” Murphgy said. “Also having a losiny season affected sales.
” The team finishint with a 6-10 record and hostinfg no playoff game at Lambeau Field alsoimpacte revenue. Overall, revenue for the past fiscal which endedMarch 31, was up 3 percent to $247.98 million compared with $241 million the year before. The increase came from nationaol revenue, such as the ’s television contract, as localo revenue dropped from $105.8 million to $100.8 Total operating expenses jumped four percento $227.8 million from $219.9 million. Of player expenses increased 11 percentto $138.7 million. Murphy said the increasesd player costs showed the need for a new collectivebargaining agreement.
NFL owners voted in May 2008 to opt out of the collectivw bargaining agreement with theplayers union. The current agreement remained in effect through the2010 season, but ownersa are hoping to negotiate a deal that wouldc allow them to keep a bigger shard of the money the league and teams For example, Murphy said since the last collective bargaining agreement was signed in 2005, 80 percenft of new revenue has gone to player “The trend is player costs are increasing at a much higherf rate than revenues,” he said. “We don’t have any recognitioj of expenses in thecurrent system.
We want to be able to reach an agreement with the players that is fair and allow us to continued to growthe Currently, the 2010 season is expected to be playes without a salary cap, with a potentiap work stoppage for the 2011 season. Murphy and Larr Weyers, the Packers treasurer, said the team creates the “Packers Preservation Fund” several years ago to ensurer it had funds in case of any The team did not contribute any moneh to the fund this past year and it currentlyy hasa $127.5 million balance, which couled be used in either 2010 or 2011.
Murphy said the team has trimme dits budgets, but has not had to lay off any employeees or implement pay as has happened at other NFL teams. Murphy said the team rankesd 10th among NFL team in local revenue last seasonj and expects to remain in the same rangd when the league calculates new rankingxs laterthis year. The Packers ranked as high as two years after the LambeauField renovation. Despitse the tough economy, season tickets renewals are stillk strong, running at 99.4 down slightly from 99.8 percent a year ago.
In 192 people will come off the team’s waiting list for the upcominb season, compared with about 75 last A team spokesman said the fans getting tickets for this season first added their name to the waiting list in thelate 1970s. The team’ws waiting list has grownj to 81,000. “Our fans continue to be incrediblyt loyal when it comes tobuyiny tickets,” Murphy said. The Packers are seeing somewhat of declining interesty insuite rentals. Murphy said severakl of the team’s 166 suites are up for renewal and team officials are workingwith businesses. He said the team had decidedd to expand the number of suites sold ona game-by-gamee basis.
“We know the economty has really affectedcertain industries,” he “We continue to work with all of our corporatwe partners to ensure they see valuwe in their relationship with us.” Murphgy said one of the factors working in the Packers favof is its relative lack of debt comparexd with other NFL teams that have built new stadiumzs in recent years. “We pretty much run with zero Weyers said. "Some teamse have invested huge amount of money in big stadiu and needed big loans or bonde to payfor them. That really takese a toll on theirbalance sheets.
”
million from a year In fact, the $4 million was the lowest level of net incomw the team has seen sinceits $295 milliojn renovation of Lambeau Field in 2004. The Packers are the only NFL team that releasews itsfinancial results, giving a glimpse of the impact the economicf downturn has had on a professionao sports franchise. “We were stillo able to turn a small but we are no differenr than many other businesses that have been impacted by the saidMark Murphy, Packers president. “We’ve been able to weathef it okay.
We have a strong foundation here and have been able to continued to maintain the qualityh of our football The two biggest areas of impact werethe team’s investments and its Pro Murphy said the Packers lost $16 millionh from its investment portfolio, a mixture of bonds and real estate, after making $8 millio n in the 2008 fiscak year. The team did not release specificc Pro Shopsales figures, but overall revenue from salew and marketing, including retail sales, was $43.7 million, down from $50.12 million. “We started to see a drop off (in the Pro in October and it continued,” Murphgy said. “Also having a losiny season affected sales.
” The team finishint with a 6-10 record and hostinfg no playoff game at Lambeau Field alsoimpacte revenue. Overall, revenue for the past fiscal which endedMarch 31, was up 3 percent to $247.98 million compared with $241 million the year before. The increase came from nationaol revenue, such as the ’s television contract, as localo revenue dropped from $105.8 million to $100.8 Total operating expenses jumped four percento $227.8 million from $219.9 million. Of player expenses increased 11 percentto $138.7 million. Murphy said the increasesd player costs showed the need for a new collectivebargaining agreement.
NFL owners voted in May 2008 to opt out of the collectivw bargaining agreement with theplayers union. The current agreement remained in effect through the2010 season, but ownersa are hoping to negotiate a deal that wouldc allow them to keep a bigger shard of the money the league and teams For example, Murphy said since the last collective bargaining agreement was signed in 2005, 80 percenft of new revenue has gone to player “The trend is player costs are increasing at a much higherf rate than revenues,” he said. “We don’t have any recognitioj of expenses in thecurrent system.
We want to be able to reach an agreement with the players that is fair and allow us to continued to growthe Currently, the 2010 season is expected to be playes without a salary cap, with a potentiap work stoppage for the 2011 season. Murphy and Larr Weyers, the Packers treasurer, said the team creates the “Packers Preservation Fund” several years ago to ensurer it had funds in case of any The team did not contribute any moneh to the fund this past year and it currentlyy hasa $127.5 million balance, which couled be used in either 2010 or 2011.
Murphy said the team has trimme dits budgets, but has not had to lay off any employeees or implement pay as has happened at other NFL teams. Murphy said the team rankesd 10th among NFL team in local revenue last seasonj and expects to remain in the same rangd when the league calculates new rankingxs laterthis year. The Packers ranked as high as two years after the LambeauField renovation. Despitse the tough economy, season tickets renewals are stillk strong, running at 99.4 down slightly from 99.8 percent a year ago.
In 192 people will come off the team’s waiting list for the upcominb season, compared with about 75 last A team spokesman said the fans getting tickets for this season first added their name to the waiting list in thelate 1970s. The team’ws waiting list has grownj to 81,000. “Our fans continue to be incrediblyt loyal when it comes tobuyiny tickets,” Murphy said. The Packers are seeing somewhat of declining interesty insuite rentals. Murphy said severakl of the team’s 166 suites are up for renewal and team officials are workingwith businesses. He said the team had decidedd to expand the number of suites sold ona game-by-gamee basis.
“We know the economty has really affectedcertain industries,” he “We continue to work with all of our corporatwe partners to ensure they see valuwe in their relationship with us.” Murphgy said one of the factors working in the Packers favof is its relative lack of debt comparexd with other NFL teams that have built new stadiumzs in recent years. “We pretty much run with zero Weyers said. "Some teamse have invested huge amount of money in big stadiu and needed big loans or bonde to payfor them. That really takese a toll on theirbalance sheets.
”
Saturday, September 18, 2010
Life Insurance company offers free coverage - Minneapolis / St. Paul Business Journal:
vasilisaxavymar.blogspot.com
is offering free life insurance coverage under itsLifeBridgr program. To qualify, individuals must be be between 19and 42, and have familyg income of between $10,000o and $40,000 a year. They also must be the parent or legak guardian of one or more children who areundetr 18. The program pays educational expenses for dependentg children if the insured parent or legal guardiabn passes away duringthe 10-year MassMutual pays all premiums. The companuy has issued more than 8,600 policies since launching the programin 2002. MassMutua l expects to issue a totalof $1 billion in free term life insurancee coverage through the national philanthropic free life insurance program.
Children have until the age of 35 to use the An informational session is scheduled for June 20 and June 27 at10 a.m. to 2 p.m. at the Albanu Housing AuthorityAdministration Building. For more information, call
is offering free life insurance coverage under itsLifeBridgr program. To qualify, individuals must be be between 19and 42, and have familyg income of between $10,000o and $40,000 a year. They also must be the parent or legak guardian of one or more children who areundetr 18. The program pays educational expenses for dependentg children if the insured parent or legal guardiabn passes away duringthe 10-year MassMutual pays all premiums. The companuy has issued more than 8,600 policies since launching the programin 2002. MassMutua l expects to issue a totalof $1 billion in free term life insurancee coverage through the national philanthropic free life insurance program.
Children have until the age of 35 to use the An informational session is scheduled for June 20 and June 27 at10 a.m. to 2 p.m. at the Albanu Housing AuthorityAdministration Building. For more information, call
Friday, September 17, 2010
Verizon: We're going to launch LTE in 30 "NFL League Cities" soon - IntoMobile
kdrummondbs37.blogspot.com
DailyTech | Verizon: We're going to launch LTE in 30 "NFL League Cities" soon IntoMobile ... but now we have more exact wording: 30 “National Footb » |
Wednesday, September 15, 2010
Chris Rainey's arrest latest in series of legal problems for Florida Gators ... - Orlando Sentinel
glafirarynyxu.blogspot.com
Atlanta Journal Constitution (blog) | Chris Rainey's arrest latest in series of legal problems for Florida Gators ... Orlando Sentinel GAINESVILLE â€" Florida wide receiver Chris Rainey is not the first Gator to be arrested, and if trends are to be believed, ... Florida-Tennessee: Does Chris Rainey's Arrest Make The Gators Vulnerable? Gators' Omarius Hines to replace reciever Chris Rainey in starting lineup Gene Frenette: Urban Meyer should make Chris Rainey's dismissal permanent |
Tuesday, September 14, 2010
Stimulus plan pumps money into NREL - Denver Business Journal:
moffaiqohegesa1490.blogspot.com
The laboratory itself, which focuses on research into renewable and alternativweenergy technologies, will get $100 million from the Americahn Recovery and Reinvestment Act. An additional $10 million is earmarked for NREL’ s National Wind Technology Center, south of Boulder. “The funding announced by Secretarty Chu today will advance the research and development of transformative technologies that will lead tosustainablew jobs, a stronger economyh and a cleaner environment,” Gov.
Bill who attended Chu’s announcementy at NREL, said in a • $68 million for a new office building at the Goldenh campus that will be superenergyy efficient, using just half the energy that standard commercialo office buildings typically use. • $19.2 million to instalpl solar, geothermal, and fuel cell power systems to replacr power the lab currently buys fromlocao utilities. • $13.5 million for upgrades to its Integrated Biorefinery Researcnh Facility to develop commerciallu scalable technologies to convertcellulosic matter, such as corn stalksa and wood chips, to U.S. Sen. Mark D-Colo., issued a statement saying he was “thrilled with this announcemenr today.
“This funding showe that Secretary Chu and the administration have listened to our and that they recognize that NREL and Colorado representy the way forward as we work to buil a new greenenergy economy,” Udall In addition to the $110 million, NREL can competse for about $83 million worth of research grantds for wind-power technology. • $45 million for research and development of wind turbins drivetrains witha 20-yea r lifespan. • $14 million to advancr wind technology development in the private secto to improve the quality and use of lighter advanced materials for turbine towers andother components.
• $24 million for wind powe research and development to up to three joinf ventures involving universities and companies that focus onmaterialo design, performance measurements, analytical models, and work with the industry to improve power systems operations, maintenance and repair, and componentg manufacturing. “Wind energy will be one of the most importanr contributors to meetingPresident Obama’s target of generating 10 percent of our electricity from renewabled sources by 2012,” Chu said in a statement.
“Thed projects funded by this opportunity will advance wind technology so that it can reliablyt supply a substantial portion ofour nation’s They will also help in creatingb more new jobs and expandingy a clean energy economy.” The on Tuesday said Coloradpo was one of nine states that had wind farmsd capable of generating more than 1,000 megawatts of wind-generatesd power.
The laboratory itself, which focuses on research into renewable and alternativweenergy technologies, will get $100 million from the Americahn Recovery and Reinvestment Act. An additional $10 million is earmarked for NREL’ s National Wind Technology Center, south of Boulder. “The funding announced by Secretarty Chu today will advance the research and development of transformative technologies that will lead tosustainablew jobs, a stronger economyh and a cleaner environment,” Gov.
Bill who attended Chu’s announcementy at NREL, said in a • $68 million for a new office building at the Goldenh campus that will be superenergyy efficient, using just half the energy that standard commercialo office buildings typically use. • $19.2 million to instalpl solar, geothermal, and fuel cell power systems to replacr power the lab currently buys fromlocao utilities. • $13.5 million for upgrades to its Integrated Biorefinery Researcnh Facility to develop commerciallu scalable technologies to convertcellulosic matter, such as corn stalksa and wood chips, to U.S. Sen. Mark D-Colo., issued a statement saying he was “thrilled with this announcemenr today.
“This funding showe that Secretary Chu and the administration have listened to our and that they recognize that NREL and Colorado representy the way forward as we work to buil a new greenenergy economy,” Udall In addition to the $110 million, NREL can competse for about $83 million worth of research grantds for wind-power technology. • $45 million for research and development of wind turbins drivetrains witha 20-yea r lifespan. • $14 million to advancr wind technology development in the private secto to improve the quality and use of lighter advanced materials for turbine towers andother components.
• $24 million for wind powe research and development to up to three joinf ventures involving universities and companies that focus onmaterialo design, performance measurements, analytical models, and work with the industry to improve power systems operations, maintenance and repair, and componentg manufacturing. “Wind energy will be one of the most importanr contributors to meetingPresident Obama’s target of generating 10 percent of our electricity from renewabled sources by 2012,” Chu said in a statement.
“Thed projects funded by this opportunity will advance wind technology so that it can reliablyt supply a substantial portion ofour nation’s They will also help in creatingb more new jobs and expandingy a clean energy economy.” The on Tuesday said Coloradpo was one of nine states that had wind farmsd capable of generating more than 1,000 megawatts of wind-generatesd power.
Sunday, September 12, 2010
Quick Link Vols recruits stay committed despite sanctions - SportingNews.com
elzeyfirekuut1795.blogspot.com
Quick Link Vols recruits stay committed despite sanctions SportingNews.com Despite the turmoil surrounding Bruce Pearl and Tennessee basketball, two Vols recruits for 2011 remain committed. Two of Tennessee coach Bruce Pearl's ... |
Saturday, September 11, 2010
Vega Issues Corporate Profile
http://www.linkape.info/index.php?s=D&c=489
June 12 /PRNewswire-FirstCall/ -- VEGA PROMOTIONA SYSTEMS, INC. (Pink VGPR) issues the following updated profile on the Companhy andits subsidiary, Natural Fuelw Industries, Inc. Vega recently announced the purchaser of alternative energy manufacturer and NaturalFuels Industries, Inc. (NFI). The whollh owned subsidiary manufactures and markets various productse including energy efficient pelleft fuel made from organixwaste bi-products using unique and innovative ideas combineds with proven technology. NFI has entere into a Marketing Agreement withits affiliate, Natura l Fuels Industries Company, Inc. of Thailand to marketr the Thai company's energy products throughout theUnitecd States.
In addition, NFI is currently reviewin various locations in the United States to build itsfirst U.S. manufacturin g plant to produce biomass productsand bio-diesel product s for power generation units. It is estimated that in the next five yeard the bio mass industry will becomwa $20 billion industry. Biomass or biofuekl is material derived from recentlyliving . This includees plants, animals and their by-products. For example, garden waste and crop residues are all sources of It is a source bases onthe , unliker other such as , , and fuels.
The use of biomass fuela can therefore contribute to waste management as well as fuel securityh and help to prevent global NFI has the unique advantagse of having experts in the biofuel manufacturing industr involved inthe Company. The Management Team includes over 90 years of combined experience ranging from machinerhyset up, processing, fiber product research, marketing, transportation, purchasing, and accounting. The yearz of experience and the proprietary knowledgre and ability to researchy the best combination of raw materials to make the best producty will place the Company in a very competitive positioj in thebiofuel industry.
The current demand for the Company'ss products in the industrial market is abougt 20 million metric tons per year and The wholesale market value is estimatedc atover $125 per metric ton or over $2.5 billioh per year. With the future demand for alternativwe energy throughout the it appears that NFI is in the right placee at theright time. With the revitalizef demand for alternativeenergy sources, the popularizing of green energty and value added products, this industry has increasefd substantially over the past several In addition to creating and sellinb energy, NFI will produce two consumer products; fuel pelletds and fire logs.
These products will be generated from organivc raw materials found in the timbedr industry and from organicagriculturak bi-products. The key to the qualitu of NFI's products will depen on the combustion and heat value of the raw materials and the combinatiohn of the raw materials that gointo it. NFI has the expertisee to achieve the required quality of our productsw on aconsistent basis. The Company'd Mission Statement is to provide the most consisten t and finest quality biofuel products to consumerd throughoutthe world, and in doing so, increase our shareholdeer value.
Certain statements in this releasdeconstitute forward-looking statements or statements which may be deemexd or construed to be forward-looking statements withinn the meaning of the Private Reforn Act of 1995. The wordsz "forecast," "project," "intend," "expect" "should,"" "would," and similar expressions and all statements, whicu are not historical facts, are intendede to identify forward-looking statements.
These forward-looking statements involve and are subject to knowj andunknown risks, uncertaintiesz and other factors which coulx cause the Company's actual results, performance (finance or operating) or achievementas to differ from future results, performancde (financing and operating) or achievementsw expressed or implied by such forward-looking statements. SOURCE Vega Promotiona l Systems, Inc.
June 12 /PRNewswire-FirstCall/ -- VEGA PROMOTIONA SYSTEMS, INC. (Pink VGPR) issues the following updated profile on the Companhy andits subsidiary, Natural Fuelw Industries, Inc. Vega recently announced the purchaser of alternative energy manufacturer and NaturalFuels Industries, Inc. (NFI). The whollh owned subsidiary manufactures and markets various productse including energy efficient pelleft fuel made from organixwaste bi-products using unique and innovative ideas combineds with proven technology. NFI has entere into a Marketing Agreement withits affiliate, Natura l Fuels Industries Company, Inc. of Thailand to marketr the Thai company's energy products throughout theUnitecd States.
In addition, NFI is currently reviewin various locations in the United States to build itsfirst U.S. manufacturin g plant to produce biomass productsand bio-diesel product s for power generation units. It is estimated that in the next five yeard the bio mass industry will becomwa $20 billion industry. Biomass or biofuekl is material derived from recentlyliving . This includees plants, animals and their by-products. For example, garden waste and crop residues are all sources of It is a source bases onthe , unliker other such as , , and fuels.
The use of biomass fuela can therefore contribute to waste management as well as fuel securityh and help to prevent global NFI has the unique advantagse of having experts in the biofuel manufacturing industr involved inthe Company. The Management Team includes over 90 years of combined experience ranging from machinerhyset up, processing, fiber product research, marketing, transportation, purchasing, and accounting. The yearz of experience and the proprietary knowledgre and ability to researchy the best combination of raw materials to make the best producty will place the Company in a very competitive positioj in thebiofuel industry.
The current demand for the Company'ss products in the industrial market is abougt 20 million metric tons per year and The wholesale market value is estimatedc atover $125 per metric ton or over $2.5 billioh per year. With the future demand for alternativwe energy throughout the it appears that NFI is in the right placee at theright time. With the revitalizef demand for alternativeenergy sources, the popularizing of green energty and value added products, this industry has increasefd substantially over the past several In addition to creating and sellinb energy, NFI will produce two consumer products; fuel pelletds and fire logs.
These products will be generated from organivc raw materials found in the timbedr industry and from organicagriculturak bi-products. The key to the qualitu of NFI's products will depen on the combustion and heat value of the raw materials and the combinatiohn of the raw materials that gointo it. NFI has the expertisee to achieve the required quality of our productsw on aconsistent basis. The Company'd Mission Statement is to provide the most consisten t and finest quality biofuel products to consumerd throughoutthe world, and in doing so, increase our shareholdeer value.
Certain statements in this releasdeconstitute forward-looking statements or statements which may be deemexd or construed to be forward-looking statements withinn the meaning of the Private Reforn Act of 1995. The wordsz "forecast," "project," "intend," "expect" "should,"" "would," and similar expressions and all statements, whicu are not historical facts, are intendede to identify forward-looking statements.
These forward-looking statements involve and are subject to knowj andunknown risks, uncertaintiesz and other factors which coulx cause the Company's actual results, performance (finance or operating) or achievementas to differ from future results, performancde (financing and operating) or achievementsw expressed or implied by such forward-looking statements. SOURCE Vega Promotiona l Systems, Inc.
Thursday, September 9, 2010
Genzyme advances Pompe drug application - Boston Business Journal:
http://www.mymediaplace.com/authors/author-828.html
Genzyme recently received a letter from the requesting more informationm before anapproval — which would enable it to essentialluy double its production scale — could be processed. The company predicts that the final approval process will take less thansix Genzyme’s response included clinical data that the FDA said demonstrates the clinicak benefit of Lumizyme. Also includexd in the submission was a risk evaluationn and mitigationstrategy (RIMS) overview as well as a final labelk for the product. Genzyme also said it addressed issues raiseed in a warning letter sent in Octobedr regarding the production of Lumizyme atits Allston, Mass.-based manufacturingh facility.
At the time, the FDA citex problems with equipment maintenance, among other concerns. based in Cambridge, said the FDA is now re-inspectin g the plant. Genzyme said in March that it woulcd ramp downits earning-per-share projection for 2009 to $4.5 8 per share, from $4.70 per share, due to the FDA At the time, the company said the setback would delay the additionalk Lumizyme approval by six The company reduced its projection for the sale of the Pompe diseased drug down $60 million to somewhere between $370 million and $380 million. Patients with Pompwe disease sometimes suffer from severemusclse weakness, or myopathy. Genzyme’s GENZ) shares were trading at $58.
22 in early afternoon trading Thursday, down from $59.14 a share at the previouz day’s close.
Genzyme recently received a letter from the requesting more informationm before anapproval — which would enable it to essentialluy double its production scale — could be processed. The company predicts that the final approval process will take less thansix Genzyme’s response included clinical data that the FDA said demonstrates the clinicak benefit of Lumizyme. Also includexd in the submission was a risk evaluationn and mitigationstrategy (RIMS) overview as well as a final labelk for the product. Genzyme also said it addressed issues raiseed in a warning letter sent in Octobedr regarding the production of Lumizyme atits Allston, Mass.-based manufacturingh facility.
At the time, the FDA citex problems with equipment maintenance, among other concerns. based in Cambridge, said the FDA is now re-inspectin g the plant. Genzyme said in March that it woulcd ramp downits earning-per-share projection for 2009 to $4.5 8 per share, from $4.70 per share, due to the FDA At the time, the company said the setback would delay the additionalk Lumizyme approval by six The company reduced its projection for the sale of the Pompe diseased drug down $60 million to somewhere between $370 million and $380 million. Patients with Pompwe disease sometimes suffer from severemusclse weakness, or myopathy. Genzyme’s GENZ) shares were trading at $58.
22 in early afternoon trading Thursday, down from $59.14 a share at the previouz day’s close.
Wednesday, September 8, 2010
UW researcher wins $3M federal grant - San Antonio Business Journal:
http://www.phamansinh.com/authors/author-457.html
The grant from the U.S. Department of Education's Institute of Education Sciences will allow Heinrich to employ academixc staff and at least four graduate students each year to work on expandingy the project oother cities. Heinricbh will continue an evaluation of the tutoring programsx MPS offers as part ofthe district's fulfillmeny of the federal No Childf Left Behind law. The law requires public schoolz that have not adequately increased student academic achievement for threw years to offer childre nin low-income families the opportunity to receivre extra academic assistance such as tutoring.
Heinrich's initial research found that Milwaukee's federally mandatec and funded tutoring program is not necessarily reachinb the people who need themost help, nor is it effectived in increasing student achievement. "Our preliminary resultse suggest that the students in the tutoringf programs are not performing any betteron Wisconsin'es standardized tests than eligible students not involvedx with the tutoring," Heinrich said. Heinrichu and her co-workers have been conducting the MPS study sinceApril 2006. The next phas e will involve five urban school districts infour states: Milwaukee, Chicago, Dallas and Austin, Texas.
The grant from the U.S. Department of Education's Institute of Education Sciences will allow Heinrich to employ academixc staff and at least four graduate students each year to work on expandingy the project oother cities. Heinricbh will continue an evaluation of the tutoring programsx MPS offers as part ofthe district's fulfillmeny of the federal No Childf Left Behind law. The law requires public schoolz that have not adequately increased student academic achievement for threw years to offer childre nin low-income families the opportunity to receivre extra academic assistance such as tutoring.
Heinrich's initial research found that Milwaukee's federally mandatec and funded tutoring program is not necessarily reachinb the people who need themost help, nor is it effectived in increasing student achievement. "Our preliminary resultse suggest that the students in the tutoringf programs are not performing any betteron Wisconsin'es standardized tests than eligible students not involvedx with the tutoring," Heinrich said. Heinrichu and her co-workers have been conducting the MPS study sinceApril 2006. The next phas e will involve five urban school districts infour states: Milwaukee, Chicago, Dallas and Austin, Texas.
Monday, September 6, 2010
Ten Doeschate signs for Tasmania - The Press Association
http://www.lyuban.info/authors/author-1121.html
Times LIVE | Ten Doeschate signs for Tasmania The Press Association Essex » |
Sunday, September 5, 2010
Lastest Student Loans News - Tom Wilt News
http://reeeview.com/MSI-Wind-Clones-Netbook/RoverBook-Neo-U100/
Tbo.com | Lastest Student Loans News Tom Wilt News When Ruth Garcia's twins are born in two months, they'll have » |
Friday, September 3, 2010
Kindred named
http://playbrainteasers.com/brain-teasers/78/monkeys-tower/
Fortune annually compiles “most lists for 64 industries. The listsa are based on nine from investment value to social Fortune said onits . was ranked No. 5 in the Aerospace and Defense • was ranked No. 2 in the Chemicalas category; • was ranked No. 3 in the Consumerf Food Products category; • was ranked No. 2 in the Delivery • , Iron Mountain Inc. and were ranked Nos. 1, 2 and 5 respectivelyy in the Diversified OutsourcingServices • was ranked No. 7 in the Electric and Gas • Co. was ranked No. 1 in the Electronicsa category; • E.On A.G. was ranked No. 5 in the Energ category; • CVS/Caremark, , and , were Nos.
4, 5 and 6 respectivel in the Food and DrugStoreas category; • McDonald’s Corp., , , and was ranked No. 3 in the Furniture • , , , and Kohl’s were the top five in the GeneralMerchandisersx category; • and were Nos. 2 and 5 in the Health Care: Insurance, Manage Care Category; • was No. 1 in the Householc Products category; • was No. 5 in the Industriap and Farm Equipment category; was No.
2 in the Megabanks category;
Fortune annually compiles “most lists for 64 industries. The listsa are based on nine from investment value to social Fortune said onits . was ranked No. 5 in the Aerospace and Defense • was ranked No. 2 in the Chemicalas category; • was ranked No. 3 in the Consumerf Food Products category; • was ranked No. 2 in the Delivery • , Iron Mountain Inc. and were ranked Nos. 1, 2 and 5 respectivelyy in the Diversified OutsourcingServices • was ranked No. 7 in the Electric and Gas • Co. was ranked No. 1 in the Electronicsa category; • E.On A.G. was ranked No. 5 in the Energ category; • CVS/Caremark, , and , were Nos.
4, 5 and 6 respectivel in the Food and DrugStoreas category; • McDonald’s Corp., , , and was ranked No. 3 in the Furniture • , , , and Kohl’s were the top five in the GeneralMerchandisersx category; • and were Nos. 2 and 5 in the Health Care: Insurance, Manage Care Category; • was No. 1 in the Householc Products category; • was No. 5 in the Industriap and Farm Equipment category; was No.
2 in the Megabanks category;
Thursday, September 2, 2010
French court rules eBay not responsible for counterfeits - Kansas City Business Journal:
http://49cat.com/?p=988
San Jose-based eBay (NASDAQ:EBAY) was sued in five European countries two yearzs ago by over fake perfumes and face creamz sold throughits site. Judge Elisabeth Belfort, ruled that eBay has "fulfillecd its obligations of loyalty to other operatorsz onthe market" through its anticounterfeiting measures. She furthee said that eBay and L'Oreal could do more to work togethef to stem the sale ofbogus goods. While a victorg for eBay, European rulings on the L'Orealp suits haven't been consistent. A Belgiahn court also sided with the company last year but another in Germanyg found in favor of the Frenchjcosmetics giant. Decisions in Spain and the U.K.
have not been handedd down, yet. The latest decision is also contradictory to another from a French court last year that said eBay shoulc pay damages toand . The judge in that case said thecompany wasn't doing enough to keep high-end counterfeit handbags and other luxury fakes from being sold on its
San Jose-based eBay (NASDAQ:EBAY) was sued in five European countries two yearzs ago by over fake perfumes and face creamz sold throughits site. Judge Elisabeth Belfort, ruled that eBay has "fulfillecd its obligations of loyalty to other operatorsz onthe market" through its anticounterfeiting measures. She furthee said that eBay and L'Oreal could do more to work togethef to stem the sale ofbogus goods. While a victorg for eBay, European rulings on the L'Orealp suits haven't been consistent. A Belgiahn court also sided with the company last year but another in Germanyg found in favor of the Frenchjcosmetics giant. Decisions in Spain and the U.K.
have not been handedd down, yet. The latest decision is also contradictory to another from a French court last year that said eBay shoulc pay damages toand . The judge in that case said thecompany wasn't doing enough to keep high-end counterfeit handbags and other luxury fakes from being sold on its
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