Ahead of the Bell: Analyst raises Cognex estimates BusinessWeek A Baird analyst raised his estimates on Cognex Corp. Thursday due to strong demand for its vision systems, sensors, and identification readers used in ... |
Thursday, September 30, 2010
Ahead of the Bell: Analyst raises Cognex estimates - BusinessWeek
http://www.allhlwines.com/Israel%60sWine.htm
Tuesday, September 28, 2010
Huntsman settles with banks for $1.7 billion - Dayton Business Journal:
http://icao-legalseminar.org/page/Questions-To-Ask-At-A-Job-Interview--What-To-Ask-A.html
The case involving The Woodlands-based companh went to trial last week in Texas state court in Conroe. Huntsman had sought $4.6 billion in damages. Unde r the terms of the agreement, the banksz were to give $620 million in cash to Huntsman HUN), along with $500 million senior securedx termloan financing, $600 million in unsecured note financing, and $12 millionh for reimbursement of litigation fees. Including a $1 billionn settlement with Hexion and its parent company, , in December 2008, cumulativr settlement proceeds total in excess of $2.7 Private equity firm Apollo had led the proposedf Hexion-Huntsman merger that fell apary in 2008 when the banksa backed away from the deal.
The proceeds will be used to repauy debt and reduce the size ofthe company’s revolvin credit facility. The company’s total pro forma debt (as of Marchh 31) falls from $3.3 billionb to $2.8 billion. “The cash and financing will enhancse our already enviable cash position to more thanapproximately $1.7 billion and provide us much greater flexibilityh as we manage our said Peter Huntsman, company president and chief executive officer. Added Jon founder and executive “Our officers and trial team did an outstanding job at triao and I believe this settlemenyt reflects those efforts and the integrity with whicn our company conductsits business.
We will put these proceedsd to good use as we press forwardd to write the next successfuk chapter of ourcompany
The case involving The Woodlands-based companh went to trial last week in Texas state court in Conroe. Huntsman had sought $4.6 billion in damages. Unde r the terms of the agreement, the banksz were to give $620 million in cash to Huntsman HUN), along with $500 million senior securedx termloan financing, $600 million in unsecured note financing, and $12 millionh for reimbursement of litigation fees. Including a $1 billionn settlement with Hexion and its parent company, , in December 2008, cumulativr settlement proceeds total in excess of $2.7 Private equity firm Apollo had led the proposedf Hexion-Huntsman merger that fell apary in 2008 when the banksa backed away from the deal.
The proceeds will be used to repauy debt and reduce the size ofthe company’s revolvin credit facility. The company’s total pro forma debt (as of Marchh 31) falls from $3.3 billionb to $2.8 billion. “The cash and financing will enhancse our already enviable cash position to more thanapproximately $1.7 billion and provide us much greater flexibilityh as we manage our said Peter Huntsman, company president and chief executive officer. Added Jon founder and executive “Our officers and trial team did an outstanding job at triao and I believe this settlemenyt reflects those efforts and the integrity with whicn our company conductsits business.
We will put these proceedsd to good use as we press forwardd to write the next successfuk chapter of ourcompany
Monday, September 27, 2010
Mercy system to buy Jewish Hospital - Dallas Business Journal:
http://child-advocacy-int.org/2010/04/led-tail-lights.html
The two entities will begin exclusivew negotiations to come to a definitivepurchase agreement, accordintg to a news release. The process is expecte to take four to six and is also subject to various regulatory Mercy Health Partners partners operatesfive hospitals, in Western Hills, Mount Airy, Anderson Townshilp and Clermont County, alonf with outpatient and other healt care-related facilities. The purchase of Jewish, located in Kenwood, will give the syste m a presence in the northeasternCincinnati "We are always working to provide high-quality One of the missing ingredients in coverinyg the Greater Cincinnati area was the I-71 said James May, CEO of Mercy Healthb Partners, in the release.
Jewish Hospital will also join CatholixcHealthcare Partners, the Cincinnati-based parenf of the Mercy system. Mercuy recently won approval from Green Townshil trustees to build a new hospitalp near North Bend Road andInterstater 74. When completed, the hospital will replace its Mounft Airy and WesternHillas facilities. The , of which Jewish is a voting member along with University and Fort Hamilton had been considering acquiring the hospital as A purchase would have made it a properthy in the hospital like andthe . But in the said it woulde also considerother partners, while continuing discussion with the Health Alliance.
The two entities will begin exclusivew negotiations to come to a definitivepurchase agreement, accordintg to a news release. The process is expecte to take four to six and is also subject to various regulatory Mercy Health Partners partners operatesfive hospitals, in Western Hills, Mount Airy, Anderson Townshilp and Clermont County, alonf with outpatient and other healt care-related facilities. The purchase of Jewish, located in Kenwood, will give the syste m a presence in the northeasternCincinnati "We are always working to provide high-quality One of the missing ingredients in coverinyg the Greater Cincinnati area was the I-71 said James May, CEO of Mercy Healthb Partners, in the release.
Jewish Hospital will also join CatholixcHealthcare Partners, the Cincinnati-based parenf of the Mercy system. Mercuy recently won approval from Green Townshil trustees to build a new hospitalp near North Bend Road andInterstater 74. When completed, the hospital will replace its Mounft Airy and WesternHillas facilities. The , of which Jewish is a voting member along with University and Fort Hamilton had been considering acquiring the hospital as A purchase would have made it a properthy in the hospital like andthe . But in the said it woulde also considerother partners, while continuing discussion with the Health Alliance.
Saturday, September 25, 2010
Delta puts off Kenya, Liberia routes - Atlanta Business Chronicle:
http://terrafirm.ca/index.php?option=com_content&task=view&id=20&Itemid=34
Delta’s Liberia route, scheduled to commence June 8, is also postponesd indefinitely. Atlanta-based Delta (NYSE: DAL) said Homelandf Security officials notified the carrier late Monday it woulxd require additional time toapprove Delta’es announced routes to Nairobi, and Monrovia, Liberia. "Delta regrets any inconveniences to our customers causedr by the postponement of our new direct servicew to Kenyaand Liberia,” the carrier said in a Delta said it is contacting affected customers and booking them on flights operatee by Air France, KLM and its othedr partners in SkyTeam. The flights will connecyt to Africa through those European hubs, Delta said.
The Kenya route was to originate in Atlantw and connect to Nairobi with a stopin Dakar, Delta’s Liberia route, scheduled to commence June 8, is also postponed Those passengers are also being rescheduled. Africa has been a pointt of growthfor Delta, which is the only U.S-base d airline that flies its own aircraft to the Delta currently services six destinations in five African Accra, Ghana; Cairo, Egypt; Johannesburh and Cape Town, South Lagos, Nigeria; and Senegal.
Delta’s Liberia route, scheduled to commence June 8, is also postponesd indefinitely. Atlanta-based Delta (NYSE: DAL) said Homelandf Security officials notified the carrier late Monday it woulxd require additional time toapprove Delta’es announced routes to Nairobi, and Monrovia, Liberia. "Delta regrets any inconveniences to our customers causedr by the postponement of our new direct servicew to Kenyaand Liberia,” the carrier said in a Delta said it is contacting affected customers and booking them on flights operatee by Air France, KLM and its othedr partners in SkyTeam. The flights will connecyt to Africa through those European hubs, Delta said.
The Kenya route was to originate in Atlantw and connect to Nairobi with a stopin Dakar, Delta’s Liberia route, scheduled to commence June 8, is also postponed Those passengers are also being rescheduled. Africa has been a pointt of growthfor Delta, which is the only U.S-base d airline that flies its own aircraft to the Delta currently services six destinations in five African Accra, Ghana; Cairo, Egypt; Johannesburh and Cape Town, South Lagos, Nigeria; and Senegal.
Friday, September 24, 2010
Coventry Health Care sells unit for $110M - San Antonio Business Journal:
http://y-yttrium.info/CD/100-Blank-Cds/
Avon, Conn.-based (NYSE: will acquire in an all-cash transaction that is expected to close in thethirr quarter, pending regulatory First Health Services provides pharmacy benefits administrationn and other services for Medicaid a business that Bethesda-based Coventry (NYSE: CVH) said was not a primarhy focus. Coventry said that the transaction will result ina one-tims loss per share of approximately $0.55 to $0.60. The company said the loss woul d be almostentirely non-cash, resulting from the original allocationm of goodwill from Coventry’s acquisition of in 2005.
Coventr plans to use the proceeds of the transactiomn for a combination of debt reduction and share repurchasez that should neutralize the earnings per share impactt of the deal for the remaindeerof 2009. In its latest quarter, Coventrhy reported a 65 percent drop in earningsto $44.2 million, or 30 centss per diluted share, due to higher salesx and administrative costs, and medical costs that swellerd 31 percent.
Avon, Conn.-based (NYSE: will acquire in an all-cash transaction that is expected to close in thethirr quarter, pending regulatory First Health Services provides pharmacy benefits administrationn and other services for Medicaid a business that Bethesda-based Coventry (NYSE: CVH) said was not a primarhy focus. Coventry said that the transaction will result ina one-tims loss per share of approximately $0.55 to $0.60. The company said the loss woul d be almostentirely non-cash, resulting from the original allocationm of goodwill from Coventry’s acquisition of in 2005.
Coventr plans to use the proceeds of the transactiomn for a combination of debt reduction and share repurchasez that should neutralize the earnings per share impactt of the deal for the remaindeerof 2009. In its latest quarter, Coventrhy reported a 65 percent drop in earningsto $44.2 million, or 30 centss per diluted share, due to higher salesx and administrative costs, and medical costs that swellerd 31 percent.
Wednesday, September 22, 2010
Five elimination games in Week 4 - SportingNews.com
valvookimakaj1362.blogspot.com
Five elimination games in Week 4 SportingNews.com “We've had some early-season obstacles, adversity to overcome,†said Pitt coach Dave Wannstedt. “But it's nothing we can't handle.†Here comes a big pothole ... |
Tuesday, September 21, 2010
Caroline Spelman speech to the adaptation sub committee - Webnewswire.com (press release)
http://www.maphist.org/herebedragons.html
Caroline Spelman speech to the adaptation sub committee Webnewswire.com (press release) The Adaptation Sub-Committee (ASC) will publish today the first national assessment of how well the prepared the UK is for climate change. ... |
Sunday, September 19, 2010
Saturday, September 18, 2010
Patrick Cudahy fire 'devastating,' exec says - Memphis Business Journal:
proklofuxaanygez.blogspot.com
Cudahy Mayor Ryan McCue'sw declaration at a Monday afternoonj press conference will potentially give the city access to countyh andstate resources. Smoke from the blaze could be seen for several miles and was easily visible in downtown MilwaukerMonday morning, more than 12 hours after the fire first was reporte on Sunday night. No injuries were “It’s a devastating day for us,” said an obviousl shaken Bill Otis, chief operating officefr at Patrick Cudahy, which is owned by SFD), of Smithfield, Va.
“I’j sure this is going to set us Otis said at a midday preses conference that the company was working to contacyits 1,800 employees, as well as variousw customers. Management of Patrick Cudahy also has been in contacf with Smithfield to determine if some meat processing operationse could be temporarily shifted to otheeSmithfield plants. The building affected by the fire is used for microwaves bacon processing and also is used fordry storage, Otis The lower level of the buildingy is used for ham processing, he said. Not all areasd of the Patrick Cudahgy complex have been affected bythe fire, Otis said.
Only a smallo number of maintenance employees were at the planty when the firebroke out. Production at the plang had been shut down since the end of the day on July 3 for theholiday weekend. “It’s a miracle there were no injuries when you see the extent ofthe fire,” Otis said. Productio n at the Patrick Cudahy complex was shut down for all thre shiftson Monday. “We have no clue what this will mean for our saidDan Habighorst, vice president of human resources at Patrick Cudahy. “We’ve got to put the fire out The city of Cudahty issued a mandatory evacuation order for anyone residin within one mile of the plant at OneSweetr Apple-Wood Lane.
The affected area stretched east toLake Drive, west to Pennsylvanias Avenue, north to Lunham Avenue and soutj to Ramsey Avenue. McCue said late Mondag afternoon that as manyas 15,000 of the city's 19,000 residents live within the evacuation zone. Evacueesd were asked to report directlyt to South MilwaukeeHigh School, 801 15th Ave., Southb Milwaukee. Earlier, city officialw also had recommended that residents report to MitchellElementary School, 5950 S. Illinois Ave. in However, a late morning wind shift was leadintg to the evacuation of the neighborhood around the school. The evacuation order was lifted at abouf7 p.m. Monday evening and residentes were allowed to return totheir homes.
At issue was whethere the blaze will breach a fire wall and causr ammonia stored on the site to explode or leak intothe air, Cudahyh fire chief Dan Mayer said. The ammonia is used for refrigerationn atthe plant. Mayer said at the Mondau afternoon press conference that hewas "cautiously optimistic" that most of the ammoniaw had been contained within the although he added that a small amounyt likely leaked out. Mayer said the blaze, which was reportedx at about 9:45 p.m. Sunday, has been difficultf to fight because it began in a confined spacew near the roof of the building and above thesprinkler system.
At one point early on, Mayefr said, it appeared as though firefighters had the blazdeunder control, but the sprinkler system and roof began to "The fire sprinklers weren't able to control the fire," he
Cudahy Mayor Ryan McCue'sw declaration at a Monday afternoonj press conference will potentially give the city access to countyh andstate resources. Smoke from the blaze could be seen for several miles and was easily visible in downtown MilwaukerMonday morning, more than 12 hours after the fire first was reporte on Sunday night. No injuries were “It’s a devastating day for us,” said an obviousl shaken Bill Otis, chief operating officefr at Patrick Cudahy, which is owned by SFD), of Smithfield, Va.
“I’j sure this is going to set us Otis said at a midday preses conference that the company was working to contacyits 1,800 employees, as well as variousw customers. Management of Patrick Cudahy also has been in contacf with Smithfield to determine if some meat processing operationse could be temporarily shifted to otheeSmithfield plants. The building affected by the fire is used for microwaves bacon processing and also is used fordry storage, Otis The lower level of the buildingy is used for ham processing, he said. Not all areasd of the Patrick Cudahgy complex have been affected bythe fire, Otis said.
Only a smallo number of maintenance employees were at the planty when the firebroke out. Production at the plang had been shut down since the end of the day on July 3 for theholiday weekend. “It’s a miracle there were no injuries when you see the extent ofthe fire,” Otis said. Productio n at the Patrick Cudahy complex was shut down for all thre shiftson Monday. “We have no clue what this will mean for our saidDan Habighorst, vice president of human resources at Patrick Cudahy. “We’ve got to put the fire out The city of Cudahty issued a mandatory evacuation order for anyone residin within one mile of the plant at OneSweetr Apple-Wood Lane.
The affected area stretched east toLake Drive, west to Pennsylvanias Avenue, north to Lunham Avenue and soutj to Ramsey Avenue. McCue said late Mondag afternoon that as manyas 15,000 of the city's 19,000 residents live within the evacuation zone. Evacueesd were asked to report directlyt to South MilwaukeeHigh School, 801 15th Ave., Southb Milwaukee. Earlier, city officialw also had recommended that residents report to MitchellElementary School, 5950 S. Illinois Ave. in However, a late morning wind shift was leadintg to the evacuation of the neighborhood around the school. The evacuation order was lifted at abouf7 p.m. Monday evening and residentes were allowed to return totheir homes.
At issue was whethere the blaze will breach a fire wall and causr ammonia stored on the site to explode or leak intothe air, Cudahyh fire chief Dan Mayer said. The ammonia is used for refrigerationn atthe plant. Mayer said at the Mondau afternoon press conference that hewas "cautiously optimistic" that most of the ammoniaw had been contained within the although he added that a small amounyt likely leaked out. Mayer said the blaze, which was reportedx at about 9:45 p.m. Sunday, has been difficultf to fight because it began in a confined spacew near the roof of the building and above thesprinkler system.
At one point early on, Mayefr said, it appeared as though firefighters had the blazdeunder control, but the sprinkler system and roof began to "The fire sprinklers weren't able to control the fire," he
Thursday, September 16, 2010
Related
nadezhdaqedyxos.blogspot.com
The lenders and the project’s CityPlace South Tower, LLC, an affiliatse of The Related Group, reached an agreemenf in which the new partnership will acquirew title to all unsold units in the Scotia Capital, a subsidiary of , filed a foreclosur e lawsuit against CityPlace South Tower Wednesday in Palm Beach Count y Circuit Court. The complaint was basee on the $134.7 million mortgage the bank and its partner gave the developerin 2006. The project is 100 percent completes and all construction debts and obligations have been Jorge Perez, chairman and CEO of the Miami-based Relaterd said in a press release.
CityPlace South Tower contracted to sell 367 units while the buildinvg wasunder construction. But when the building openedf in summerof 2008, many buyers walkesd away from sales contracts. So far, 39 unita have closed. Due to these unit buyet defaults, Related said in a news release that it was necessart for the developer to renegotiate the terms of its construction loan with the which was scheduled to be repaisd in July through proceeds from unit Alicia Cervera, president of Related Cervera Realty Services (RCRS), the exclusivs sales agent for CityPlace South said in the news release that the successfu l transition between the developer and the new partnership provides significanft benefits to current and future buyers.
“Thr lenders are not interested in generatinh sales in the buildingthrougu large-scale ‘bulk’ sales and are working with RCRS to ensurw that CityPlace South Tower’s integrity is fully protected and that it continuese to offer a first-class owner experience,” she Brad Scherer, president of Wellington-based real estate brokerage firm Atlanticc Western, is working with the lendersz as a consultant.
He said CityPlace South Towe r couldn’t repay the mortgage on time becauser mostbuyers didn’t close on the Scherer said the lenders will adjust the prices downwardf in response to the marketf and lease some units, but they won’t do a massiver discount or convert the building into They will financially support the condo association and maintainb CityPlace South Tower’s amenities, he added. The Related Groupp will be compensated for continuing to manage the Scherer said.
That’s a far cry from most foreclosures, wherde the developer and its principals are often held liabled forthe lenders’ “I don’t think the recognition of loss has occurred, or maybwe it will never occur,” Scherer “If the property market comes back and the propertyt is managed in a first-class manner, therw may not be a loss.” Accordinfg to court documents, the partnerzs in the $134.7 million loan that will take controol of CityPlace South Tower are: Bank of Nova Scotia: $23.7kM Cherish Thompson, the Miami-based attorney who represents Bank of Nova Scotiqa in the complaint, didn’t immediately return a call seekinh comment.
The lenders and the project’s CityPlace South Tower, LLC, an affiliatse of The Related Group, reached an agreemenf in which the new partnership will acquirew title to all unsold units in the Scotia Capital, a subsidiary of , filed a foreclosur e lawsuit against CityPlace South Tower Wednesday in Palm Beach Count y Circuit Court. The complaint was basee on the $134.7 million mortgage the bank and its partner gave the developerin 2006. The project is 100 percent completes and all construction debts and obligations have been Jorge Perez, chairman and CEO of the Miami-based Relaterd said in a press release.
CityPlace South Tower contracted to sell 367 units while the buildinvg wasunder construction. But when the building openedf in summerof 2008, many buyers walkesd away from sales contracts. So far, 39 unita have closed. Due to these unit buyet defaults, Related said in a news release that it was necessart for the developer to renegotiate the terms of its construction loan with the which was scheduled to be repaisd in July through proceeds from unit Alicia Cervera, president of Related Cervera Realty Services (RCRS), the exclusivs sales agent for CityPlace South said in the news release that the successfu l transition between the developer and the new partnership provides significanft benefits to current and future buyers.
“Thr lenders are not interested in generatinh sales in the buildingthrougu large-scale ‘bulk’ sales and are working with RCRS to ensurw that CityPlace South Tower’s integrity is fully protected and that it continuese to offer a first-class owner experience,” she Brad Scherer, president of Wellington-based real estate brokerage firm Atlanticc Western, is working with the lendersz as a consultant.
He said CityPlace South Towe r couldn’t repay the mortgage on time becauser mostbuyers didn’t close on the Scherer said the lenders will adjust the prices downwardf in response to the marketf and lease some units, but they won’t do a massiver discount or convert the building into They will financially support the condo association and maintainb CityPlace South Tower’s amenities, he added. The Related Groupp will be compensated for continuing to manage the Scherer said.
That’s a far cry from most foreclosures, wherde the developer and its principals are often held liabled forthe lenders’ “I don’t think the recognition of loss has occurred, or maybwe it will never occur,” Scherer “If the property market comes back and the propertyt is managed in a first-class manner, therw may not be a loss.” Accordinfg to court documents, the partnerzs in the $134.7 million loan that will take controol of CityPlace South Tower are: Bank of Nova Scotia: $23.7kM Cherish Thompson, the Miami-based attorney who represents Bank of Nova Scotiqa in the complaint, didn’t immediately return a call seekinh comment.
Wednesday, September 15, 2010
Chinese to be introduced in CBSE, says Kapil Sibal - Times of India
Air Purifiers - Efficient Cleansing of Home Environments
Chinese to be introduced in CBSE, says Kapil Sibal Times of India ... Kapil Sibal said Wednesday after discussing with China's Education Minister Yuan Guiren the modalities of training Indian teachers for the task. ... Chinese language to be introduced as part of CBSE curriculum: Sibal |
Monday, September 13, 2010
Northwood University volleyball team rolls past Ohio Dominican - Midland Daily News
domnaofyvisyhojo.blogspot.com
Northwood University volleyball team rolls past Ohio Dominican Midland Daily News For the Wolves, Sladjana Mitrovic had 22 kills and 18 digs, and Jolyn Timms had 21 kills and eight digs. Sara Skornia had 16 digs, and Lauren Chapman had 55 ... |
Sunday, September 12, 2010
Turk PM says reform is defeat for coup supporters - Reuters
ulyanaimiiurebor.blogspot.com
ABC News | Turk PM says reform is defeat for coup supporters Reuters ... Turkey had passed a historic threshold by voting in favor of constitutional reforms and said the result was a defeat for supporters of military coups. ... Turkey PM Says Further Reforms To Follow Referendum Victory |
Saturday, September 11, 2010
College Football: What Can We Expect From Michigan-Notre Dame? - Bleacher Report
http://www.newjersey-directory.org/authors/author-1075.html
Seattle Post Intelligencer | College Footb » |
Thursday, September 9, 2010
Constellation Energy CEO Shattuck gets pay cut in half - Baltimore Business Journal:
http://netdir.org/index.php?s=D&c=496
In all, the amount Constellation’sz compensation committee is granting Shattuck basedd on his 2008 performanceris $7.8 million, down from $15.23 million in 2007. His cash compensation will dipfrom $6.8 million for 2007 to $1.3 millio n for 2008. His salary will remaim flat. The compensation was detaileds inthe company's annual proxy statement filedc with the U.S. Securitiesa and Exchange Commission. Robert Lawless, the former McCormick Co.
CEO who heads Constellation’ s compensation committee, said the numbers reflect both the steel decline instock value, which started during what he callec “a disastrous week in but also the management team’s navigation of that turmoilo to a $4.6 billion deal with Frencuh company The company ran into a cash cruncj in August in its commodity tradinf business that sent its stock tumblinbg and led to a $4.7 billiom emergency takeover bid by , an Iowa firm owned by billionairwe investor Warren Buffett. Constellation (NYSE: CEG) later rejected that deal in favord ofselling 49.99 percent of its nuclearf business to EDF.
It also sold off severapl of its riskier commodities tradinbg business units and replacexseveral executives. Shattuck’s pay cut comes amid an increased focuws onexecutive compensation. None of the top executives who were in place at the start of 2008 receivedca bonus. Those who were hiredd over the course of the year and did get bonusese include new Chief Financial OfficerJonathan W. Chief Risk Officer Brenda L. and Henry B. the top executive for Constellation EnergyNucleaer Group. Shattuck is also receiving an annuakl long-term incentive package that could be worthb upto $6.5 million, $2 million less than the package he receive d for 2007.
The actual valuee depends on the company’s stockk performance over the nextthree years. According to the compensatiob tables the company filed according toSEC guidelines, Shattuck made $15.78 million. But that includes an increase in the amoung he would take home if he were to cash out his retirementy pension and take it as alump sum. Shattuck'sx pension grew from $23 millionn to $33 million from 2007 to 2008.
In all, the amount Constellation’sz compensation committee is granting Shattuck basedd on his 2008 performanceris $7.8 million, down from $15.23 million in 2007. His cash compensation will dipfrom $6.8 million for 2007 to $1.3 millio n for 2008. His salary will remaim flat. The compensation was detaileds inthe company's annual proxy statement filedc with the U.S. Securitiesa and Exchange Commission. Robert Lawless, the former McCormick Co.
CEO who heads Constellation’ s compensation committee, said the numbers reflect both the steel decline instock value, which started during what he callec “a disastrous week in but also the management team’s navigation of that turmoilo to a $4.6 billion deal with Frencuh company The company ran into a cash cruncj in August in its commodity tradinf business that sent its stock tumblinbg and led to a $4.7 billiom emergency takeover bid by , an Iowa firm owned by billionairwe investor Warren Buffett. Constellation (NYSE: CEG) later rejected that deal in favord ofselling 49.99 percent of its nuclearf business to EDF.
It also sold off severapl of its riskier commodities tradinbg business units and replacexseveral executives. Shattuck’s pay cut comes amid an increased focuws onexecutive compensation. None of the top executives who were in place at the start of 2008 receivedca bonus. Those who were hiredd over the course of the year and did get bonusese include new Chief Financial OfficerJonathan W. Chief Risk Officer Brenda L. and Henry B. the top executive for Constellation EnergyNucleaer Group. Shattuck is also receiving an annuakl long-term incentive package that could be worthb upto $6.5 million, $2 million less than the package he receive d for 2007.
The actual valuee depends on the company’s stockk performance over the nextthree years. According to the compensatiob tables the company filed according toSEC guidelines, Shattuck made $15.78 million. But that includes an increase in the amoung he would take home if he were to cash out his retirementy pension and take it as alump sum. Shattuck'sx pension grew from $23 millionn to $33 million from 2007 to 2008.
Wednesday, September 8, 2010
JPMorgan Chase, other creditors agree to Raymond James changes - Nashville Business Journal:
http://www.holidaydig.com/authors/author-388.html
The amendment eliminates approval to participated inthe ’s TARP Capitall Purchase Program as a condition to borrowin under the agreement, a releass from the company said. Raymond James RJF), a financial servicese company headquarteredin St. Petersburg, withdrew its applicationn for TARP funds onMay 19. Other revisions were made to covenantzs related to the useof proceeds, additional financial ratios and restricted payments, the release said. The administrative agent for the Feb. 6 credi t agreement is . Chase also is one of six lenderxs underthe agreement. Others are Regions Bank, , , and The .
The credi t amendment improved liquidity, Raymond James said in a separate release announcing Mayoperating results. Commissions and fees, assetse under management, underwritings and assets under administration all improvesin May, although volume remained low, Thomas James, chairman and chief said in that release.
The amendment eliminates approval to participated inthe ’s TARP Capitall Purchase Program as a condition to borrowin under the agreement, a releass from the company said. Raymond James RJF), a financial servicese company headquarteredin St. Petersburg, withdrew its applicationn for TARP funds onMay 19. Other revisions were made to covenantzs related to the useof proceeds, additional financial ratios and restricted payments, the release said. The administrative agent for the Feb. 6 credi t agreement is . Chase also is one of six lenderxs underthe agreement. Others are Regions Bank, , , and The .
The credi t amendment improved liquidity, Raymond James said in a separate release announcing Mayoperating results. Commissions and fees, assetse under management, underwritings and assets under administration all improvesin May, although volume remained low, Thomas James, chairman and chief said in that release.
Monday, September 6, 2010
TeleTech in danger of delisting - Denver Business Journal:
http://nortemaar.org/thisisnortemaar.html
The Englewood-based, 51,000-employee call center operator (NASDAQ: TTEC) said Wednesdau that it received a third delisting warning from NASDAQ which required thefast response. After receiving a firs t delisting warningin March, TeleTecu had agreed earlier this year to file its missed quarterlu financial statements by May 12. The companyu issued a statement saying it plans to providew NASDAQ with information about its plan to file its overduw financialsMay 30. The company failed to file its last two quarterly financial statements because it is in the midsyt of restating its results backto mid-2005 as a resultr of stock option backdating that occurred at the company over severa years.
The company's internal investigatiojn found no illegalities in the backdatinh but did find that the options awars errors required recalculatingfinancial earnings.
The Englewood-based, 51,000-employee call center operator (NASDAQ: TTEC) said Wednesdau that it received a third delisting warning from NASDAQ which required thefast response. After receiving a firs t delisting warningin March, TeleTecu had agreed earlier this year to file its missed quarterlu financial statements by May 12. The companyu issued a statement saying it plans to providew NASDAQ with information about its plan to file its overduw financialsMay 30. The company failed to file its last two quarterly financial statements because it is in the midsyt of restating its results backto mid-2005 as a resultr of stock option backdating that occurred at the company over severa years.
The company's internal investigatiojn found no illegalities in the backdatinh but did find that the options awars errors required recalculatingfinancial earnings.
Sunday, September 5, 2010
Prime Minister who lacked moral courage versus a 'malign' Chancellor - Telegraph.co.uk
http://www.movies5s.com/download-movie/war-and-peace-1992.html
Sky News | Prime Minister who lacked moral courage versus a 'malign' Chancellor Telegraph.co.uk I was forced to the conclusion that he lacked the moral courage to impose his will on his own Chancellor. I was also somewhat bemused a few years later to ... Army chief: How Blair and Brown betrayed our troops Sir Richard Dannatt interview: Getting political help for Army was like ... Ex-army head attacks Labour PMs |
Friday, September 3, 2010
BlackRock Announces Investment Policy Changes for Certain Insured Municipal ... - MarketWatch (press release)
http://www.propeller.com/member/midgart
BlackRock Announces Investment Policy Changes for Certain Insured Municipal ... MarketWatch (press release) In September 2008, the Funds adopted an amended investment policy of seeking to limit their purchase of municipal bonds to those bonds insured by insurance ... |
Wednesday, September 1, 2010
Debra Williams - Marion County Record
http://wulik.com/weather/May2009.htm
Debra Williams Marion County Record Born Aug. 19, 1951, to Richard G. and Virginia R. (Winter) Schulz in Benning, Ga., she lived most of her life in McPherson, graduating from McPherson High ... |
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