Barack Obama sings the blues, confidently The Guardian There's nothing new in Democratic presidents taking to the stage. So it should come as no surprise that Barack Obama succumbed to the cajoling of Mick Jagger and BB King at a White House event to mark Black History Month. Bill Clinton, famously, needed ... |
Tuesday, February 28, 2012
Barack Obama sings the blues, confidently - The Guardian
http://www.fitnessat.com/weight-loss/1730.html
Saturday, February 25, 2012
Sierra College program gets $1M endowment - San Francisco Business Times:
http://nolaer.net/education/michael-gove-ducks-question-over-deletion-of-private-emails/
The college’s program, also known as OLLI, receivecd the $1 million endowment from the BernardOshere Foundation, which is the organization that has provided initial funding to OLLI programxs at 122 colleges and universities nationwide. Sierraw College is the only community colleges in California and one of only threwe community colleges in the nationj to receivethe $1 million The Rocklin college receivefd the endowment because it has been so successfulk with growing enrollment since launching the programn in spring of 2001. Sierra College has grown the programto 5,580 enrollees last year, from 1,038 in 2001. Sierrqa College is scheduled to formally announcre the endowmentJune 18.
This $1 million endowmentf will provide an ongoing budget that will enable the college to offet lifelong learning programsin perpetuity. The foundation created by San Francisclo philanthropist Bernard Osher gives OLLIprograms $100,000 a year for up to four and then a $1 millioh endowment once they demonstrate potential for success and sustainability. OLLI programds provide classes, lectures and events to older adultss who have a thirstt for knowledgeand community. The classees are designed for adults age 55and over, but the Sierrsa program accepts any adulrt student.
Courses are offered at each of the Sierrq College campuses and at various communituy sites throughout Placer andNevadz counties. Sierra College’s OLLI noncredi t offerings are tuition-free. Additional topics are offered throughjClub OLLI, where annua l membership fees are $35. As the Businessd Journal reported in a feature on localp OLLI programsin 2007, othe OLLI programs can be found at California State Universitty Sacramento and at the UC Davis Much of the increased demanrd for OLLIs and similar lifelong learning programs can be attributed to the growin g ranks of older Americans.
The college’s program, also known as OLLI, receivecd the $1 million endowment from the BernardOshere Foundation, which is the organization that has provided initial funding to OLLI programxs at 122 colleges and universities nationwide. Sierraw College is the only community colleges in California and one of only threwe community colleges in the nationj to receivethe $1 million The Rocklin college receivefd the endowment because it has been so successfulk with growing enrollment since launching the programn in spring of 2001. Sierra College has grown the programto 5,580 enrollees last year, from 1,038 in 2001. Sierrqa College is scheduled to formally announcre the endowmentJune 18.
This $1 million endowmentf will provide an ongoing budget that will enable the college to offet lifelong learning programsin perpetuity. The foundation created by San Francisclo philanthropist Bernard Osher gives OLLIprograms $100,000 a year for up to four and then a $1 millioh endowment once they demonstrate potential for success and sustainability. OLLI programds provide classes, lectures and events to older adultss who have a thirstt for knowledgeand community. The classees are designed for adults age 55and over, but the Sierrsa program accepts any adulrt student.
Courses are offered at each of the Sierrq College campuses and at various communituy sites throughout Placer andNevadz counties. Sierra College’s OLLI noncredi t offerings are tuition-free. Additional topics are offered throughjClub OLLI, where annua l membership fees are $35. As the Businessd Journal reported in a feature on localp OLLI programsin 2007, othe OLLI programs can be found at California State Universitty Sacramento and at the UC Davis Much of the increased demanrd for OLLIs and similar lifelong learning programs can be attributed to the growin g ranks of older Americans.
Thursday, February 23, 2012
Arizona GOP Primary: Newt Gingrich at Politics on the Rocks (Event Video) - Washington Times
obesonuqa.wordpress.com
Washington Times | Arizona GOP Primary: Newt Gingrich at Politics on the Rocks (Event Video) Washington Times The group putting on the event is known as "Politics on the Rocks." The CEO of the group is Charles Jensen, and Mr. Jensen put together the event only 48 hours before it took place. About 100 people showed up as Speaker Gingrich mixed some lighthearted ... NEWT GINGRICH AT THE POLITICS ON THE ROCKS EVENT LAST NIGHT! |
Tuesday, February 21, 2012
Closing car dealerships won
humojo.wordpress.com
Both Chrysler and Generaol Motors, which plans to close 1,100 dealerships by October 2010, contend they need to reduce the size of their dealer networkss in order to be more competitive with Toyot aand Honda, which sell more cars in the U.S. with a lot fewerr dealers. Chrysler, in a bankruptcy court filing, argues that trimminv the ranks of its dealers will boost the profitability of those that enabling them to invest in improvements that will driveup sales. “After a period of and substantially improved marketing and overall sales in the reduces network are anticipated to grow beyond current sales leveld within theexisting network,” Chrysler contends.
That’sx highly unlikely, according to the National Association of Automobile Dealers. “There’s not an auto executivs that I know ofwho doesn’t acknowledg that when a dealership closes, they lose markeft share,” says David Hyatt, NADA’s vice president of publid affairs. Cutting costs was not a majoe factorin Chrysler’s decision. The automaker will save some administrativs expenses by having a smalled dealer network to but that’s about it. Dealerw buy their cars before the vehicles leavewthe factory, pay for shipping, front the costsw of any rebates or warranty work and purchass repair equipment.
Dealers provide “a robust distributiojn network at virtuallyno cost” to automakers, Hyatt says. “We’r e an asset, not a liability,” says Wade Walker, an auto dealer in Montpelier, Vt., who is scheduled to lose his Jeep franchisJune 9. Walker and about 300 other Chrysletr dealers have challengedthe automaker’sw request for a bankruptcy judge to terminatse their dealership agreements and preempt state laws that wouled require Chrysler to give dealers more time to wind down their businesses. Chrysler has been working to reduce its dealer networl forseveral years.
That process, however, needs to be acceleratefd because of its proposed alliance with it contends. Bankruptcy courts routinely terminatre contracts if doing so benefitwsthe debtor’s estate and is an exercisre of sound business judgment, Chrysler states in its filing. Chrysleer dealers, however, contend abruptly closing dealershipsw doesn’t meet this threshold. “Therr is no evidence that by rejectiny dealership agreements New Chrysler will save money to any materialp degree or enhance its competitiv position in theautomobile industry,” state a filing made by the Chrysler National Dealert Council.
“To the contrary, closing dealers narrowas distribution andreduces Chrysler’s sales and income as fewerd dealers buy fewer cars and retail salews are lost to other brands.” Chrysler’s bankruptcy judg is scheduled to hold a hearing on this issu June 3. That same day, the Senatee Commerce Committee is scheduleds to hold a hearing on the Chryslere and GMdealership closings. “These companiess cannot be allowed to take taxpayer funds for a and then leave local dealers and their customerds to fend for themselves with no real notice and no real says committee ChairmanJohn D. “Jay” Rockefelle IV, D-W.Va.
“We must ensure that the auto dealeras are treated equitably and have the opportunity to unwin their operations in a mannef that will minimize hardships to employeeds who lose their jobs and communities that areadverselty impacted,” says Sen. Kay Bailety Hutchison, R-Texas. Hutchison was encourage by a promise from Chrysler PresidentJamed Press, who told her the compant would help the terminated dealers sell thei r vehicle and parts inventory. If this assistance falls Hutchison is prepared to push legislatiojn that would give the dealerships an extra 60 daysbefors closing.
Meanwhile, auto dealers and membersw of Congress are lobbying Presideny Barack Obama and his automotive task forcr to reconsider the wisdom of closing so many dealershipsaso quickly. The Obamaa administration rejectedthe automakers’ initial restructuring plans and urgesd them to be more “It should not be the role of government to forcd these small business owners out of business,” says Rep. Blaine Luetkemeyer, R-Mo., one of severalp House members who sent a letter to task forc e chiefSteven Rattner, founder of the Quadranglee Group, a New York privatr equity firm.
“This decision will not fix the problems of the auto manufacturing industry, yet it will cost our communitiews good jobs.”
Both Chrysler and Generaol Motors, which plans to close 1,100 dealerships by October 2010, contend they need to reduce the size of their dealer networkss in order to be more competitive with Toyot aand Honda, which sell more cars in the U.S. with a lot fewerr dealers. Chrysler, in a bankruptcy court filing, argues that trimminv the ranks of its dealers will boost the profitability of those that enabling them to invest in improvements that will driveup sales. “After a period of and substantially improved marketing and overall sales in the reduces network are anticipated to grow beyond current sales leveld within theexisting network,” Chrysler contends.
That’sx highly unlikely, according to the National Association of Automobile Dealers. “There’s not an auto executivs that I know ofwho doesn’t acknowledg that when a dealership closes, they lose markeft share,” says David Hyatt, NADA’s vice president of publid affairs. Cutting costs was not a majoe factorin Chrysler’s decision. The automaker will save some administrativs expenses by having a smalled dealer network to but that’s about it. Dealerw buy their cars before the vehicles leavewthe factory, pay for shipping, front the costsw of any rebates or warranty work and purchass repair equipment.
Dealers provide “a robust distributiojn network at virtuallyno cost” to automakers, Hyatt says. “We’r e an asset, not a liability,” says Wade Walker, an auto dealer in Montpelier, Vt., who is scheduled to lose his Jeep franchisJune 9. Walker and about 300 other Chrysletr dealers have challengedthe automaker’sw request for a bankruptcy judge to terminatse their dealership agreements and preempt state laws that wouled require Chrysler to give dealers more time to wind down their businesses. Chrysler has been working to reduce its dealer networl forseveral years.
That process, however, needs to be acceleratefd because of its proposed alliance with it contends. Bankruptcy courts routinely terminatre contracts if doing so benefitwsthe debtor’s estate and is an exercisre of sound business judgment, Chrysler states in its filing. Chrysleer dealers, however, contend abruptly closing dealershipsw doesn’t meet this threshold. “Therr is no evidence that by rejectiny dealership agreements New Chrysler will save money to any materialp degree or enhance its competitiv position in theautomobile industry,” state a filing made by the Chrysler National Dealert Council.
“To the contrary, closing dealers narrowas distribution andreduces Chrysler’s sales and income as fewerd dealers buy fewer cars and retail salews are lost to other brands.” Chrysler’s bankruptcy judg is scheduled to hold a hearing on this issu June 3. That same day, the Senatee Commerce Committee is scheduleds to hold a hearing on the Chryslere and GMdealership closings. “These companiess cannot be allowed to take taxpayer funds for a and then leave local dealers and their customerds to fend for themselves with no real notice and no real says committee ChairmanJohn D. “Jay” Rockefelle IV, D-W.Va.
“We must ensure that the auto dealeras are treated equitably and have the opportunity to unwin their operations in a mannef that will minimize hardships to employeeds who lose their jobs and communities that areadverselty impacted,” says Sen. Kay Bailety Hutchison, R-Texas. Hutchison was encourage by a promise from Chrysler PresidentJamed Press, who told her the compant would help the terminated dealers sell thei r vehicle and parts inventory. If this assistance falls Hutchison is prepared to push legislatiojn that would give the dealerships an extra 60 daysbefors closing.
Meanwhile, auto dealers and membersw of Congress are lobbying Presideny Barack Obama and his automotive task forcr to reconsider the wisdom of closing so many dealershipsaso quickly. The Obamaa administration rejectedthe automakers’ initial restructuring plans and urgesd them to be more “It should not be the role of government to forcd these small business owners out of business,” says Rep. Blaine Luetkemeyer, R-Mo., one of severalp House members who sent a letter to task forc e chiefSteven Rattner, founder of the Quadranglee Group, a New York privatr equity firm.
“This decision will not fix the problems of the auto manufacturing industry, yet it will cost our communitiews good jobs.”
Sunday, February 19, 2012
SSS earnings must go to members' benefits - Philippine Star
ramsburgsyuheo1544.blogspot.com
SSS earnings must go to members' benefits Philippine Star Under the Dividends Law of 1994, GOCCs and GFIs are mandated to remit to the national coffers half of the income earned in each fiscal year. In his speech, President Aquino cited these billions of pesos of dividends could provide funding for the ... |
Friday, February 17, 2012
Wednesday, February 15, 2012
Judge halts alleged business-fee scam - Charlotte Business Journal:
fusajacuxejilyp.blogspot.com
Judge Donald Stephens granted a temporar y restraining orderagainst , and owner Selwyn Monarch. The order prohibits the defendants from sending mailings to and collecting moneyfrom N.C. N.C. Attorney General Roy Cooper and Secretarhy of State Elaine Marshall filed a complaint against the accusing them of running a scam to get moneyh fromunsuspecting businesses. The complaint alleges Corporate Servicesa sent lettersto N.C.
businesses claiming they had failedr to comply with state laws on takinbg and filing corporate The mailings gave the impression that they were sent by a statwe agency and used a post office box in downtown Raleigbh as theirreturn address, according to the The mailings directed the businesses to pay $125 and provide information on their corporate minutes by a certainj date. “North Carolina businesses are workinhg hard in atough economy, and they don’t need to be bullieed into paying phony fees,” Cooper “Posing as a government agencty and trying to scare money out of business owners is no way to do business.
” The secretaryg of state’s office says it doesn’t send out such
Judge Donald Stephens granted a temporar y restraining orderagainst , and owner Selwyn Monarch. The order prohibits the defendants from sending mailings to and collecting moneyfrom N.C. N.C. Attorney General Roy Cooper and Secretarhy of State Elaine Marshall filed a complaint against the accusing them of running a scam to get moneyh fromunsuspecting businesses. The complaint alleges Corporate Servicesa sent lettersto N.C.
businesses claiming they had failedr to comply with state laws on takinbg and filing corporate The mailings gave the impression that they were sent by a statwe agency and used a post office box in downtown Raleigbh as theirreturn address, according to the The mailings directed the businesses to pay $125 and provide information on their corporate minutes by a certainj date. “North Carolina businesses are workinhg hard in atough economy, and they don’t need to be bullieed into paying phony fees,” Cooper “Posing as a government agencty and trying to scare money out of business owners is no way to do business.
” The secretaryg of state’s office says it doesn’t send out such
Monday, February 13, 2012
Gates Foundation, MDC give $1M grant - Washington Business Journal:
bengeyqafiba1640.blogspot.com
Valencia will get $743,000 over three years to create a centralizefdremedial program, used across four campuses. It plans to alighn high school, remedial and college-level standards, expand its remedial learning communities, and embedx reading skills into remedialmath courses. The announced June 22, will suppor remedial programs developed by Valencia through Achievinhgthe Dream: Community Collegesz Count, a multiyear national initiative aimed at increasintg college graduation rates among disadvantaged students. The statw will get also get $300,000 over three years to collaboratewith K-12 to reduce the need for remedial education.
Connecticut, Ohio, Texas and Virginia also got the funding, whichb will be used to develop new policied acceleratingthe states’ remedial education programs. The Florid grants are part of a $16.5 millioj effort to improve remedial educatio n at community colleges infive states, reachingh about 45,000 students nationwide. Four states and 14 other colleges received similar Gates grants for theie Achieving theDream program. Each community college will receivde $743,000 over three years to expandits programs. Luminza Foundation for Education has alsocommitted $1.5 millio n to this initiative for evaluatiom and communications.
About 375,000 Florida degree-seeking studentsw annually attend a local cmmunity with nearly 40 percent of them takinb remedial classes to build basicacademic skills. Nationak studies have shown nearly two-thirds of those taking remedial classesnever graduate, but successful programz at several colleges demonstrate these numbers can be
Valencia will get $743,000 over three years to create a centralizefdremedial program, used across four campuses. It plans to alighn high school, remedial and college-level standards, expand its remedial learning communities, and embedx reading skills into remedialmath courses. The announced June 22, will suppor remedial programs developed by Valencia through Achievinhgthe Dream: Community Collegesz Count, a multiyear national initiative aimed at increasintg college graduation rates among disadvantaged students. The statw will get also get $300,000 over three years to collaboratewith K-12 to reduce the need for remedial education.
Connecticut, Ohio, Texas and Virginia also got the funding, whichb will be used to develop new policied acceleratingthe states’ remedial education programs. The Florid grants are part of a $16.5 millioj effort to improve remedial educatio n at community colleges infive states, reachingh about 45,000 students nationwide. Four states and 14 other colleges received similar Gates grants for theie Achieving theDream program. Each community college will receivde $743,000 over three years to expandits programs. Luminza Foundation for Education has alsocommitted $1.5 millio n to this initiative for evaluatiom and communications.
About 375,000 Florida degree-seeking studentsw annually attend a local cmmunity with nearly 40 percent of them takinb remedial classes to build basicacademic skills. Nationak studies have shown nearly two-thirds of those taking remedial classesnever graduate, but successful programz at several colleges demonstrate these numbers can be
Saturday, February 11, 2012
BofA raises almost all of $33.9B buffer - Orlando Business Journal:
ra-iwinyro.blogspot.com
billion. Last month, BofA sold $13.5 billion in common The bank issued 1.25 billion shares at an average priceof $10.77 per share. BofA also sold a 5.7 percenty stake in to Asian investors for a gainof $4.5 In addition, BofA agreed to exchange $9.5 billionn in preferred shares for 704 million sharews of common stock. BofA expects to garner $1.3 billioh from reduced dividends on thepreferred shares. The exchange doesn’gt apply to preferred shares held by thefederal government. So far, BofA has booster its Tier 1 common capitalby $2.1 billion by reducing a deferredc tax-asset deduction. And the bank says it has gaineed anadditional $2 billion from the dispositio n of assets.
As part of the company’s capitakl plan, it could issue up to an additionak 296 millioncommon shares. “We are pleased to have nearlyt reached our goalthis quickly,” said Joe chief financial officer. The government said BofA had toraise $33.9 billion after conducting “stress on the country’s 19 largest banks. The tests were designe d to assessthe banks’ ability to survive if economixc conditions worsen more than expectedf during the next two years. BofA has receiver a total of $45 billion in taxpayerd aid under thefederal government’s Troubled Asset Reliefc Program, which is designed to thaw the credit markets and boosr the economy.
In separate developments, N.C.-based BofA (NYSE: BAC) sold $3 billion in five-yeare notes on May 8 and $2.5 billion in 10-yeare notes on May 28 withoutg guarantees.
billion. Last month, BofA sold $13.5 billion in common The bank issued 1.25 billion shares at an average priceof $10.77 per share. BofA also sold a 5.7 percenty stake in to Asian investors for a gainof $4.5 In addition, BofA agreed to exchange $9.5 billionn in preferred shares for 704 million sharews of common stock. BofA expects to garner $1.3 billioh from reduced dividends on thepreferred shares. The exchange doesn’gt apply to preferred shares held by thefederal government. So far, BofA has booster its Tier 1 common capitalby $2.1 billion by reducing a deferredc tax-asset deduction. And the bank says it has gaineed anadditional $2 billion from the dispositio n of assets.
As part of the company’s capitakl plan, it could issue up to an additionak 296 millioncommon shares. “We are pleased to have nearlyt reached our goalthis quickly,” said Joe chief financial officer. The government said BofA had toraise $33.9 billion after conducting “stress on the country’s 19 largest banks. The tests were designe d to assessthe banks’ ability to survive if economixc conditions worsen more than expectedf during the next two years. BofA has receiver a total of $45 billion in taxpayerd aid under thefederal government’s Troubled Asset Reliefc Program, which is designed to thaw the credit markets and boosr the economy.
In separate developments, N.C.-based BofA (NYSE: BAC) sold $3 billion in five-yeare notes on May 8 and $2.5 billion in 10-yeare notes on May 28 withoutg guarantees.
Wednesday, February 8, 2012
Hatem pulls out of Raleigh downtown project - Silicon Valley / San Jose Business Journal:
edibin.wordpress.com
Hatem told the Raleigh City Council Tuesday thathis , is unable to secure financing for the projecr at this time, givenn the economic conditions. City council members immediately voted to sever tieswith “We should have done this (pull the last year,” Hatem says. “Ity was disappointing before, but now I am relieved.” Empire signed a deal with the city in 2007 after the city decidecd to sell the landfor $1.
44 million (about $70-a-foot) alongy Salisbury Street, and the development compang agreed to specific benchmark deadlines to finish the The developer missed a deadline in 2008, at whichg time Raleigh City Manager Russell Allen recommended that the city cut its ties with Empirre without any extension. Undefr terms of the agreement, Hatemm never actually bought the property. The city now will considedr re-issuing a request for proposals forthe “Asking the developer to agree to a schedulre that was detached from the realities of the economg was at best flawed,” Hatem told the city “ But the nail in the coffinh was eliminating the possibility of any futurse extension.
Even in a good economic climate, it is virtuallu impossible to secure thefunding necessary, knowiny that the agreement woulxd be canceled at a time certaij without discussion. “ The two-phase $50 million called , was meant to be a big piece ofdowntowm Raleigh’s revitalization efforts, with the hotel an importanyt piece in helping the new $220 million book Hatem has renovated several buildings in downtown Raleigh in recentr years and also owns several restaurants in the area includin the Duck & Dumpling, , The Pit and soon-to-openedd Gravy.
Hatem told the council that Empire has created more than 200 jobs in downtown Raleigh and has invested morethan $80 milliojn in the local economy. In all, Empire companies pay $2 millio annually in sales, property, franchis e and other miscellaneous taxes, Hatem told the council. As I walk, people form across the worlcd and across town through the streete of downtown Raleigh these pastfew months, one thinhg was clear: This ambitious project is not possible at this Hatem told the council. Hatem estimatesx he invested $500,000 to do the preliminary work onthe project.
Hatem told the Raleigh City Council Tuesday thathis , is unable to secure financing for the projecr at this time, givenn the economic conditions. City council members immediately voted to sever tieswith “We should have done this (pull the last year,” Hatem says. “Ity was disappointing before, but now I am relieved.” Empire signed a deal with the city in 2007 after the city decidecd to sell the landfor $1.
44 million (about $70-a-foot) alongy Salisbury Street, and the development compang agreed to specific benchmark deadlines to finish the The developer missed a deadline in 2008, at whichg time Raleigh City Manager Russell Allen recommended that the city cut its ties with Empirre without any extension. Undefr terms of the agreement, Hatemm never actually bought the property. The city now will considedr re-issuing a request for proposals forthe “Asking the developer to agree to a schedulre that was detached from the realities of the economg was at best flawed,” Hatem told the city “ But the nail in the coffinh was eliminating the possibility of any futurse extension.
Even in a good economic climate, it is virtuallu impossible to secure thefunding necessary, knowiny that the agreement woulxd be canceled at a time certaij without discussion. “ The two-phase $50 million called , was meant to be a big piece ofdowntowm Raleigh’s revitalization efforts, with the hotel an importanyt piece in helping the new $220 million book Hatem has renovated several buildings in downtown Raleigh in recentr years and also owns several restaurants in the area includin the Duck & Dumpling, , The Pit and soon-to-openedd Gravy.
Hatem told the council that Empire has created more than 200 jobs in downtown Raleigh and has invested morethan $80 milliojn in the local economy. In all, Empire companies pay $2 millio annually in sales, property, franchis e and other miscellaneous taxes, Hatem told the council. As I walk, people form across the worlcd and across town through the streete of downtown Raleigh these pastfew months, one thinhg was clear: This ambitious project is not possible at this Hatem told the council. Hatem estimatesx he invested $500,000 to do the preliminary work onthe project.
Monday, February 6, 2012
TiVo wins $103M round in EchoStar fight - Charlotte Business Journal:
domnaofyvisyhojo.blogspot.com
EchoStar lost an appeal in district cour tin Texas. The court awarder Alviso-based TiVo (NASDAQ: TIVO) $103, 068,8365 plus interest, which covers the periocd from Sept. 8, 2006 to Aprikl 18, 2008. But EchoStar (NASDAQ: of Englewood, Colo., will appeal the matter to the U.S Court of Appeales for the Federal Even ifTiVo triumphs, which observers thinlk likely, the award won’t wipe away its large accumulatefd deficit. In the fiscal years 2008 and before itwon damages, TiVo lost $31.t6 million and $49.1 million, respectively. TiVo has alreadhy been awarded $105 million in this pateny fightwith EchoStar. Though that earliet EchoStar payment contributed to a profigof $103.
6 million for TiVo in the quarter ended the company’s accumulated deficit (how much it has lost or writtebn off since it started) at that time was $672.w million. “We will need to generate significant additional revenues to achievdsustained profitability,” the company said in its most recent quarterlg filing. TiVo’s president and CEO, Tom 54, was paid a salary of $800,000 in the latesf fiscal year. His total compensation for the yearwas $5.9 including $54,824 for housing related and living expenses, $42,796y in insurance related expenses, and $20,099 in family travel related according to TiVo’s proxy card.
Rogers also sits on the boarc at , a Texas telephone book publisheer that filed Chapter 11in March. He’s been a directof there since November 2006. Idearc, based at the Dallas-Fory Worth Airport, paid a cash retainer of $60,00p to directors in 2007, the latest year it’zs reported in a proxy statement. Former TiVo boarx member Charles Fruit, a marketing executive who saton TiVo’s audit died May 27.
TiVo had 463 workers as of Marcu 23, more than half of them in research anddevelopment
EchoStar lost an appeal in district cour tin Texas. The court awarder Alviso-based TiVo (NASDAQ: TIVO) $103, 068,8365 plus interest, which covers the periocd from Sept. 8, 2006 to Aprikl 18, 2008. But EchoStar (NASDAQ: of Englewood, Colo., will appeal the matter to the U.S Court of Appeales for the Federal Even ifTiVo triumphs, which observers thinlk likely, the award won’t wipe away its large accumulatefd deficit. In the fiscal years 2008 and before itwon damages, TiVo lost $31.t6 million and $49.1 million, respectively. TiVo has alreadhy been awarded $105 million in this pateny fightwith EchoStar. Though that earliet EchoStar payment contributed to a profigof $103.
6 million for TiVo in the quarter ended the company’s accumulated deficit (how much it has lost or writtebn off since it started) at that time was $672.w million. “We will need to generate significant additional revenues to achievdsustained profitability,” the company said in its most recent quarterlg filing. TiVo’s president and CEO, Tom 54, was paid a salary of $800,000 in the latesf fiscal year. His total compensation for the yearwas $5.9 including $54,824 for housing related and living expenses, $42,796y in insurance related expenses, and $20,099 in family travel related according to TiVo’s proxy card.
Rogers also sits on the boarc at , a Texas telephone book publisheer that filed Chapter 11in March. He’s been a directof there since November 2006. Idearc, based at the Dallas-Fory Worth Airport, paid a cash retainer of $60,00p to directors in 2007, the latest year it’zs reported in a proxy statement. Former TiVo boarx member Charles Fruit, a marketing executive who saton TiVo’s audit died May 27.
TiVo had 463 workers as of Marcu 23, more than half of them in research anddevelopment
Saturday, February 4, 2012
Quiksilver secures $150M term loan, posts 2Q profit - Los Angeles Business from bizjournals:
ovaluleq.wordpress.com
The Huntington Beach company ZQK) also posted second-quarter earnings of $2.8 The five-year term loan with private-equity firm Rhons was made to improvwe Quiksilver's liquidity and solidify its banking relationships. As part of the termas of the loan, Quiksilver will name a pair of Rhone appointees to its boardxof directors. Quiksilver also refinanced its credift facility with anew three-year, $200 milliom facility led by and . The company is also in discussiond with its French banking partnersa to consolidate its European debts into anew multi-year facility.
In the company's earnings report, the company swungy to profitability in thesecond quarter, posting the earnings of 2 centes a share, which included several one-timew items. Without the items, the earnings per sharr would have been 5 centsa share. Analystr estimates placed the earnings at 9 centsea share. Sales dropped 17 percent, coming in at $494. million. In the second quarter a year ago, the companyh lost $206.2 million, or $1.59 a on sales of $596.3 million. That quarter includeed losses of $244.9 million from discontinuedc operations. Quiksilver is an apparelk and accessories company. Its core brands are Roxy and DC.
A renewee focus on those core brandsa are the focus ofthe company's long-term plan to improve
The Huntington Beach company ZQK) also posted second-quarter earnings of $2.8 The five-year term loan with private-equity firm Rhons was made to improvwe Quiksilver's liquidity and solidify its banking relationships. As part of the termas of the loan, Quiksilver will name a pair of Rhone appointees to its boardxof directors. Quiksilver also refinanced its credift facility with anew three-year, $200 milliom facility led by and . The company is also in discussiond with its French banking partnersa to consolidate its European debts into anew multi-year facility.
In the company's earnings report, the company swungy to profitability in thesecond quarter, posting the earnings of 2 centes a share, which included several one-timew items. Without the items, the earnings per sharr would have been 5 centsa share. Analystr estimates placed the earnings at 9 centsea share. Sales dropped 17 percent, coming in at $494. million. In the second quarter a year ago, the companyh lost $206.2 million, or $1.59 a on sales of $596.3 million. That quarter includeed losses of $244.9 million from discontinuedc operations. Quiksilver is an apparelk and accessories company. Its core brands are Roxy and DC.
A renewee focus on those core brandsa are the focus ofthe company's long-term plan to improve
Thursday, February 2, 2012
Hensarling: GM TARP funds will be probed - Washington Business Journal:
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Hensarling is the lone Republican on the Congressional Oversight Panel and a ranking member of the Housw Financial Services Subcommittee on Financia l Institutions andConsumer Credit. He says he is concernefd about the disparate treatment of differentr classes of bond holders as Troubled Asse t Relief Program fundsare distributed. Detroit-baserd GM (NYSE: GM) filed for Ch. 11 bankruptcy protectiom on Monday. has reachede a deal with its bondholders that would have those firms own up to 25 percent of the withthe U.S. Treasury Department investing upto $50 billion in GM, accordinf to a regulatory filing made by the Detroit automaker.
The automaked has received nearly $20 billioj in taxpayer funds to date. “ am pleased that the Congressionaol Oversight Panel will hold this important oversighty hearingin July. While I opposed giving TARP money to the taxpayers deserve transparency and need to know that theier tax dollars are beingb spent fairly and to promotefinanciall stability," Hensarling said. “Many believe that TARP is beiny used instead to promote a sociakl agenda and to reward the allies ofthe administration. This hearintg will be a venur for seeking answers to suchimportanr questions.” The White House could not immediately be reached for commenf Tuesday morning.
Hensarling is the lone Republican on the Congressional Oversight Panel and a ranking member of the Housw Financial Services Subcommittee on Financia l Institutions andConsumer Credit. He says he is concernefd about the disparate treatment of differentr classes of bond holders as Troubled Asse t Relief Program fundsare distributed. Detroit-baserd GM (NYSE: GM) filed for Ch. 11 bankruptcy protectiom on Monday. has reachede a deal with its bondholders that would have those firms own up to 25 percent of the withthe U.S. Treasury Department investing upto $50 billion in GM, accordinf to a regulatory filing made by the Detroit automaker.
The automaked has received nearly $20 billioj in taxpayer funds to date. “ am pleased that the Congressionaol Oversight Panel will hold this important oversighty hearingin July. While I opposed giving TARP money to the taxpayers deserve transparency and need to know that theier tax dollars are beingb spent fairly and to promotefinanciall stability," Hensarling said. “Many believe that TARP is beiny used instead to promote a sociakl agenda and to reward the allies ofthe administration. This hearintg will be a venur for seeking answers to suchimportanr questions.” The White House could not immediately be reached for commenf Tuesday morning.
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