Politics cannot deliver goods: Hazare New York Daily News Politics cannot deliver goods: Hazare. Sunday Sep 30, 2012. Tweet. New Delhi, Sep 30 รข" Politics cannot combat corruption, activist Anna Hazare said Sunday. "Politics is not the right direction," he told the media on his arrival to meet with activists ... |
Sunday, September 30, 2012
Politics cannot deliver goods: Hazare - New York Daily News
Saturday, September 29, 2012
Solar power company banks on loan, but skeptics question government ... - Fox News
OregonLive.com | Solar power company banks on loan, but skeptics question government ... Fox News The failure of Solyndra cost U.S. taxpayers more than a half-billion dollars. The second solar panel maker that received a loan from the Department of Energy, Abound, is also now in bankruptcy. Based in Longmont, Colo., Abound spent $70 million of its ... SoloPower, Solar Company With US Loan Guarantee, Opens Factory Get Bendy: Flexible Solar Panel Company Opens Oregon Factory US poised to hand over $197 million to another solar panel start-up |
Thursday, September 27, 2012
Serb workers block Danube over wage arrears - Reuters
Serb workers block Danube over wage arrears Reuters Workers block Danube over overdue wages, benefits. * Navigation in Novi Sad halted, access to key oil refinery blocked. * New government faces rising social discontent. By Fedja Grulovic. NOVI SAD, Serbia, Sept 27 (Reuters) - Workers at a Serbian ... |
Wednesday, September 26, 2012
ADP reports 532,000 May job cuts - San Antonio Business Journal:
Payroll firm ADP reportecd Wednesday that companies inthe U.S. cut an estimated 532,00 0 workers from payrolls last month. ADP also revised highed its estimate of cuts in Aprilto 545,00o0 from the previous estimate of 491,000. The ADP report noted losse s across all sizes and categoriezs of businesses with large business payrollsdeclining 100,000, medium businessex shedding 223,000 jobs and small businesses cuttingh 209,000 employees. The goods-producing secto r lost 267,000 jobs while the service-producing sector declined by 265,000 positions. The Labor Department is due to release its jobs reportyon Friday.
The average analyst estimate for that reporrt of government as well as privatre payrolls is a lossof 520,00p0 payroll positions and an increase in the unemployment rate to 9.2 percenrt from April’s rate of 8.9 On Monday, The Institute for Supplyy Management announced that its factory index rose to the highest level since last September as new orders postedd their first gain since the recession began. On Tuesdayy the National Association of Realtors reportecd that pending sales ofexisting homes, or contracts signe but not closed, rose 6.7 percent in April, the largestg increase in six years.
Monday, September 24, 2012
YRC Worldwide restructures executive team - Business Courier of Cincinnati:
In a release, Overland Park-based YRC (Nasdaq: YRCW) said Keithh Lovetro, former president of YRC Regional Transportation; Michaelo Rapken, former executive vice president and chief information Jim Ritchie, former president of YRC and Christina Wise, former vice presidenyt and treasurer, will leave the companty by June 30. YRC also detailedc the following appointments, effective immediately: • John Garcia is executivr vice president and chief sales Garcia is responsible for sales strategy and results throughou t YRC and its regionaploperating companies. Garcia was president of Overland Park-baser ’s largest wireless business unit and chief marketing officetr forSprint (NYSE: S).
• Mike ’s president and COO, assumes responsibility for the operationsd of all YRC Worldwidse regional andnational networks. Tim Wicks, executive vice president and CFO, lead s a newly consolidated organization comprising all strategixc and operational finance activities throughout YRCWorldwide companies. Sheila Taylor, vice president of financer andinvestor relations, assumes the role of treasurer, reporting to Wicks. • Greg Reid, executive vice presiden and chiefmarketing officer, will lead a consolidated marketingy effort, including brand and business development supporting all YRC Worldwide companies.
• Mike executive vice president and chief information and service assumes responsibility for YRC Worldwideinformatiojn technology, YRC customer service and the strategicf direction for the regional customer service functions. Naatz continues to lead YRC Worldwide’d program management efforts, initially designed to support the successfuk integration of Yellowand Roadway. John Carr assumes the role of president forYRC Logistics, leadingg the YRC Worldwide globap logistics management company.
Previously, Carr was COO for YRC Logisticz and president for the Americas and All the executives except Taylor repory directly to YRC Worldwide Chairman and CEO Bill Dan Churay, executive vice president, general counsepl and secretary; and Jim executive vice president of human resources, remainh in their current roles, reporting to Zollars. YRC Worldwide said in the release that the changes will strengthenits “focus on critical areas to streamline decision-making whilre eliminating redundant efforts and costs.” “Today’s announcement is a strategic step as we take advantage of the full poweer of YRC Worldwide,” Zollars said in the release.
“sA functional organization structure allows us to dedicate an even broadert team of seasoned experts to the support of our customerss along all lines of ourbusiness — clearlhy a competitive advantage.” YRC’s announcemen t follows rough road for the company and the truckingh industry the past several months. YRC , or $4.34 a in the first quarter as the freight recession continuedf to weigh down That compared with a lossof $46.37 million, or 82 centd a share, a year earlier. in federal bailouft assistance forpension obligations. Company officiala wouldn’t comment on the report.
More the company sold its headquartere to a group of local investorzs led by Ken Block andStevre Block, principals of Kansas City real estate firm Block & Co. Inc. in a sale-leaseback deal that includes apotentialk 30-year lease for YRC. The compang didn’t disclose the price or buyer, and Ken Blocj said he couldn’t comment because of a confidentialitg agreement, but a YRC Securitiesw and Exchange Commission filing suggested the purchase pricewas $22.5 million. YRC ranks No.
2 on the Kansasz City BusinessJournal ’s list of area public
Sunday, September 23, 2012
First National enters agreement with OCC - Sacramento Business Journal:
The agreement is an outgrowth of an OCC examination of the Winter Park lenderin January. It addresses five areaz of concern and requires to the bank to form a compliance committeew composed of members of its boarfdof directors. The bank is under orders to add procedures to monito r its commercial real estateloan portfolio. It also must implementg a plan to manage loans that are deemedd weak and in jeopardytof deteriorating. • Establishment of a progra m to ensure an adequate allowance for loan andlease • Agreement not to accept brokered deposits in exc.
ess of 10 percent of total deposits without OCC permissionb • Development of a three-yearr plan of operations that incorporates conditions of the First National Chairwoman Susma Patel said in a written statemen t that the bank has taken steps she believes put it in compliancse with the agreement. She said regulatory agenciex are tightening standards for lenders as theeconomyh deteriorates. “The downturn in real estatde valuations in the Florida marketis well-publicized and, as a regulatory agencies are expecting a higher standard of procedural monitorinb of loans secured by commercial real estate,” she said.
Saturday, September 22, 2012
Recession means business for 3PLs - Pacific Business News (Honolulu):
In lease transactions larger than 250,00p0 square feet, about 75% of those dealxs are tied to third-party logistics companies, according to Tommy vice presidentat . “It has increased to the pace of where it is the dominant piece toda inlarge transactions,” he says. “Thay is a change over time.” Clifg Lynch, executive vice president with , formally knownn as , Inc., says third-party logistics firms have been drivinbg leasing activity in Memphissfor 3-4 years, but activity has intensifiee due to the recession. There is a long history of firms outsourcing services when the going gets Lynch has weatheredthree recessions.
In everhy one of them he notice d a trend of companies choosing outsourcing as a more economica means toachieve objectives. “Their (third-partyy logistics firms) business usually gets better during bad Lynch says. “It’s simply because the other firms are lookingh towardthe so-called experts to help them reduce their stafd and save money.” It’s been a steady “The move to outsourcing from corporate Americaw has increased steadily over the past 10 years,” says Brad president of LLC. “When you have times like companies begin to dip their toes inthe water.
They may not want to sign a long-terjm lease for themselves, so they may sign with a third-partgy logistics company on a shorter-term Warehouse-based third-party logistics companies will chargw for the storage ofthe product, eithetr by square footage or by the unit, such as the case or Those firms also charge for distributing the measured either by weight or unit. This outsourciny has the potential to save as muchas 25% for a This saves the company from hiring employees or purchasingv equipment, among other expenses. Companies look at their whole distribution networkx and consultwith third-party logistics or 3PLs, about where to focus distribution activities.
being located as we are, is probably goingt to get more than its fair sharre ofthat third-party logistics activity,” Lynchb says. This has led to increased competition among 3PLs for warehoussspace — and created a new phenomenon in the industrial real estatew business. Historically, a tenant representative contacts a landlordr representative about seeing a space which might meetits client’s Recently, Jackson has been seeing more and more deal proposalsz with similar requirements for squares footage, dock doors and the like. This is a result of working with theirrespective brokers, all chasing the same piecre of business from a manufacturing or distributio n company.
In order to make a bid for a 3PLs have to tour the market and get the quotee rates and then competefor business. “That’s a new dynamic,” Jacksoh says. “It used to be that the company had securethat business. Now, that third-party logistics company hasn’t secureds that business and that’s part of theifr pitch.” An example of this occurred when decidedf to have an outside company runits 647,900-square-foot distributiojn center at 4795 Imagination Drive afterd years of subleasing the space.
“My phone absoluteluy blew up with third-party logistics companies calling to find out abour that building because they all wantecd to chasethat business,” Jacksohn says.
