Independent Voter Network | Bullet train funding plan faulted Los Angeles Times The Legislative Analyst's Office says the financing plan does not fulfill key requirements of the b » |
Wednesday, November 30, 2011
Bullet train funding plan faulted - Los Angeles Times
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Sunday, November 27, 2011
IBM makes bid for Sun Microsystems - Dallas Business Journal:
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billion in cash. The purchase price, first reported by the Wall StreegJournal , would be a 100 percent premium over Sun's closing pric e of $4.97 a share Tuesday. Sun shares opened tradinvg on Tuesday up more than 68 percentat $8.36. IBM was down almostt 4 percentat $89.46. Santa Clara-basedx Sun (Nasdaq: JAVA) reorganized into three business unite asits high-end servers and storage devices have struggler in the marketplace. It laid off more than 6,000 employees last fall aftere reporting anearly $500 million The deal would be the largesgt acquisition in IBM IBM) history.
The Journalo reported that despitethe talks, its sources said therw is no assurance that a deal will be The paper said that Sun approached a number of larg e tech companies, including (NYSE: HPQ) about an acquisition but was turned An IBM acquisition of Sun could give it powerfup weapons in the competition for the data center market which research firm IDC says will hit $100 billionm in 2009. "Big Blue" is going head-to-head in the market againstt HP andSan Jose, Calif.-based (Nasdaq: CSCO) whicn said earlier this week that it will start sellinh its own "server" computer in competition againsgt the other two. Cisco and HP had previously worker together inthe market.
Palo Alto, Calif.-baseds HP made a big move in the market when itpaid $13.89 billion to purchase of Plano, Texas-based in August, placing it squarely in competition with IBM on huge outsourcing In last year's fourth quarter, IBM led in the global serverr market revenue with $4.9 billion in sales, about 36 percent of the HP was No. 2 with $3.9 billioj in sales or about 29 percent ofthe (Nasdaq: DELL), with $1.4 billio in sales, and Sun, with about $1.3 were a distant No. 3 and No. 4.
billion in cash. The purchase price, first reported by the Wall StreegJournal , would be a 100 percent premium over Sun's closing pric e of $4.97 a share Tuesday. Sun shares opened tradinvg on Tuesday up more than 68 percentat $8.36. IBM was down almostt 4 percentat $89.46. Santa Clara-basedx Sun (Nasdaq: JAVA) reorganized into three business unite asits high-end servers and storage devices have struggler in the marketplace. It laid off more than 6,000 employees last fall aftere reporting anearly $500 million The deal would be the largesgt acquisition in IBM IBM) history.
The Journalo reported that despitethe talks, its sources said therw is no assurance that a deal will be The paper said that Sun approached a number of larg e tech companies, including (NYSE: HPQ) about an acquisition but was turned An IBM acquisition of Sun could give it powerfup weapons in the competition for the data center market which research firm IDC says will hit $100 billionm in 2009. "Big Blue" is going head-to-head in the market againstt HP andSan Jose, Calif.-based (Nasdaq: CSCO) whicn said earlier this week that it will start sellinh its own "server" computer in competition againsgt the other two. Cisco and HP had previously worker together inthe market.
Palo Alto, Calif.-baseds HP made a big move in the market when itpaid $13.89 billion to purchase of Plano, Texas-based in August, placing it squarely in competition with IBM on huge outsourcing In last year's fourth quarter, IBM led in the global serverr market revenue with $4.9 billion in sales, about 36 percent of the HP was No. 2 with $3.9 billioj in sales or about 29 percent ofthe (Nasdaq: DELL), with $1.4 billio in sales, and Sun, with about $1.3 were a distant No. 3 and No. 4.
Friday, November 25, 2011
Kroc Center seeking $3.9M in public funds - Pittsburgh Business Times:
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The goal is to raise $3.9 milliojn for the facility located just south of Centrap onEast Parkway. Once the money is raised, construction on the 15-acre, 100,000-square-foort facility can begin. The campaign has alreadgy raised morethan $21. million. Once the funding is raised, the centerd will receive a $50 million gift from the Kroc Trust, whicjh was created by McDonald’s Corp. founder Ray Kroc and his wife, A gift of $1.5 billiojn was given to the to build 25 Kroc Centerd acrossthe country. Kroc Centers are designed to servee the needs of families in the neighborhoods surroundingythe facilities.
Steve Carpenter, executivde director of the Kroc Center of says the center has alreadyg received donationsfrom individuals, organizationw and businesses in Memphis. “Wr are in a very uniqure position inthe non-profit community, becausre the structure of the Kroc grant ensures that we will be entirelyt self-sufficient from an operating standpoint from here on Carpenter said in a statement. “Our donorx know that by investing in the KrocCentef now, they are ensuring a significant return on thosed dollars for years to come in the form of programx and activities for the entir e community in perpetuity.
” The publid phase of the campaign will use print and television advertisingv and billboards, but will also use Faceboook and Twitter accounts to keep in touch with donors and
The goal is to raise $3.9 milliojn for the facility located just south of Centrap onEast Parkway. Once the money is raised, construction on the 15-acre, 100,000-square-foort facility can begin. The campaign has alreadgy raised morethan $21. million. Once the funding is raised, the centerd will receive a $50 million gift from the Kroc Trust, whicjh was created by McDonald’s Corp. founder Ray Kroc and his wife, A gift of $1.5 billiojn was given to the to build 25 Kroc Centerd acrossthe country. Kroc Centers are designed to servee the needs of families in the neighborhoods surroundingythe facilities.
Steve Carpenter, executivde director of the Kroc Center of says the center has alreadyg received donationsfrom individuals, organizationw and businesses in Memphis. “Wr are in a very uniqure position inthe non-profit community, becausre the structure of the Kroc grant ensures that we will be entirelyt self-sufficient from an operating standpoint from here on Carpenter said in a statement. “Our donorx know that by investing in the KrocCentef now, they are ensuring a significant return on thosed dollars for years to come in the form of programx and activities for the entir e community in perpetuity.
” The publid phase of the campaign will use print and television advertisingv and billboards, but will also use Faceboook and Twitter accounts to keep in touch with donors and
Wednesday, November 23, 2011
Eli Hurvitz, who built Israeli generic-drug giant, dies at 79 - Washington Post
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Ha'aretz | Eli Hurvitz, who built Israeli generic-drug giant, dies at 79 Washington Post Eli Hurvitz, who built the Israeli-based pharmaceutical company Teva into the world's largest producer of generic drugs and made health care more affordable to millions of people, died Nov. 21 at a hospital near Tel Aviv. He was 79. ... Former Test-Tube Washer Built Generic-Drug Maker Teva |
Monday, November 21, 2011
Boston launches solar power project - Boston Business Journal:
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Mayor Thomas M. Menino on Wednesday launched a two-year initiative, Solar Boston, to increases the use of solar powein Boston. The program is one of Mayor Menino's initiatives in positioning Boston to respond to climate risingfuel prices, and the need for alternativ sources of energy citywide. The goal of Soladr Boston is to increase the amounft of installed solar capacity in Boston from half a megawat t today to 25 megawattsby 2015.
Through a large procurement of solar energy systemsa on itsown buildings, Boston plans to lead by It also plans to support private sectotr solar projects as In addition, the and announced the installatioh of a solar water heating syste m to be installed in May. "We are as committed to makinbg Fenway Park an innovator in sustainable energy as we are to preservinvits history, beauty, and integrity," said Tom Werner, chairma n of the Boston Red Sox, in a The new solar water heating syste will replace 37 percent of the gas historically used in the said Werner.
Solar Boston is supported by thewith $150,0090 in financial assistance, which the city was requirer to match, and DOE will provide the Boston solar team with up to $250,000 in technical assistance over a two year Additional funding and in-kind support comes from the , National , and an anonymous In addition to Solar Boston program funding, Massachusettsx through its Division of Energy Resources, has provided $50,000 to support the city's solard thermal program. Upwards of $500,000 in capital fundw has been set aside leveraging a totalof $1 million worthb of solar energy projects to be installed on municipakl facilities, including , the , the , and the .
The mayot also announced plans to explore creative financing opportunities for othedrmunicipal facilities, such as third-party ownership arrangements where privater companies install solar energy on city roofs at no and sell power from the systems at prices competitive with grid electricity.
Mayor Thomas M. Menino on Wednesday launched a two-year initiative, Solar Boston, to increases the use of solar powein Boston. The program is one of Mayor Menino's initiatives in positioning Boston to respond to climate risingfuel prices, and the need for alternativ sources of energy citywide. The goal of Soladr Boston is to increase the amounft of installed solar capacity in Boston from half a megawat t today to 25 megawattsby 2015.
Through a large procurement of solar energy systemsa on itsown buildings, Boston plans to lead by It also plans to support private sectotr solar projects as In addition, the and announced the installatioh of a solar water heating syste m to be installed in May. "We are as committed to makinbg Fenway Park an innovator in sustainable energy as we are to preservinvits history, beauty, and integrity," said Tom Werner, chairma n of the Boston Red Sox, in a The new solar water heating syste will replace 37 percent of the gas historically used in the said Werner.
Solar Boston is supported by thewith $150,0090 in financial assistance, which the city was requirer to match, and DOE will provide the Boston solar team with up to $250,000 in technical assistance over a two year Additional funding and in-kind support comes from the , National , and an anonymous In addition to Solar Boston program funding, Massachusettsx through its Division of Energy Resources, has provided $50,000 to support the city's solard thermal program. Upwards of $500,000 in capital fundw has been set aside leveraging a totalof $1 million worthb of solar energy projects to be installed on municipakl facilities, including , the , the , and the .
The mayot also announced plans to explore creative financing opportunities for othedrmunicipal facilities, such as third-party ownership arrangements where privater companies install solar energy on city roofs at no and sell power from the systems at prices competitive with grid electricity.
Saturday, November 19, 2011
Jann Arden Q&A - CBC.ca
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CBC.ca | Jann Arden Q&A CBC.ca Canadian musician and radio host Jann Arden has never been accused of being shy. Since rising to prominence in the mid-1990s with her melodic and lyric » |
Thursday, November 17, 2011
More older workers worry about retirement - Washington Business Journal:
retention-jackjacks.blogspot.com
The Arlington-based human resource firm says among workersz 50 to 64years old, only 44 percent are confident they will have enough money to live comfortably five years into That is down from 63 percent in 2007. The outlookk 15 years into retirement is even with just 18 percengt of older workers confident of beingfinancialluy comfortable, compared to 34 percent in 2007. “Retirement security is a huge concerhn as individuals have seen significanf amounts of their pension and retiremenytsavings decline,” says Watson Wyatt senior retirement consultantf David Speier.
“The financial crisie has been especially damaging to older worker s who are worried aboug potential job losses and have experienced higher stress levelws over thepast year.” As retirement older workers are scrambling to shore up theifr savings, with 19 percent increasing their savings rate and 34 percenft considering doing so, the Watsonh Wyatt (NYSE: WW) survey says.
The Arlington-based human resource firm says among workersz 50 to 64years old, only 44 percent are confident they will have enough money to live comfortably five years into That is down from 63 percent in 2007. The outlookk 15 years into retirement is even with just 18 percengt of older workers confident of beingfinancialluy comfortable, compared to 34 percent in 2007. “Retirement security is a huge concerhn as individuals have seen significanf amounts of their pension and retiremenytsavings decline,” says Watson Wyatt senior retirement consultantf David Speier.
“The financial crisie has been especially damaging to older worker s who are worried aboug potential job losses and have experienced higher stress levelws over thepast year.” As retirement older workers are scrambling to shore up theifr savings, with 19 percent increasing their savings rate and 34 percenft considering doing so, the Watsonh Wyatt (NYSE: WW) survey says.
Monday, November 14, 2011
Colorado ski visits down nearly 6%, but ahead of some forecasts - Denver Business Journal:
onoeuqedol1902.blogspot.com
percent in January and February from ayear earlier, and 5.9 percentg for the full season to date, But the trade group said that visitx for the first two months of 2009 were slightl above the five-year average for Colorado The percentages are actually beating some pre-season forecastws for skier visits. , operator of resorts in the Aspen-Snowmass had forecast a skier drop of 5 to 15 percent beforr theseason began, . Colorado Ski Country USA count s a person skiing or snowboarding for any part of one day at a mountaij resort as oneskier visit. It did not release the numbere ofskier visits.
, Melanise Mills, president and CEO of Colorado SkiCountry USA, said the latesr visitation figure in comparison to the multi-year trensd "speaks to Colorado's worldwide reputation as the best placde to ski." The association's figures do not includre Vail, Breckenridge, Keystone and Beaver Creek resorts, whichu have withdrawn from Colorado Ski Country USA. Vail Resorts, the operatorr of those four resorts, said season-to-date visits were up 9 percenty at Vailand 7.2 percentg at Beaver Creek, but down 1.7 percent at Breckenridg e and 9.8 percent at Keystone, .
percent in January and February from ayear earlier, and 5.9 percentg for the full season to date, But the trade group said that visitx for the first two months of 2009 were slightl above the five-year average for Colorado The percentages are actually beating some pre-season forecastws for skier visits. , operator of resorts in the Aspen-Snowmass had forecast a skier drop of 5 to 15 percent beforr theseason began, . Colorado Ski Country USA count s a person skiing or snowboarding for any part of one day at a mountaij resort as oneskier visit. It did not release the numbere ofskier visits.
, Melanise Mills, president and CEO of Colorado SkiCountry USA, said the latesr visitation figure in comparison to the multi-year trensd "speaks to Colorado's worldwide reputation as the best placde to ski." The association's figures do not includre Vail, Breckenridge, Keystone and Beaver Creek resorts, whichu have withdrawn from Colorado Ski Country USA. Vail Resorts, the operatorr of those four resorts, said season-to-date visits were up 9 percenty at Vailand 7.2 percentg at Beaver Creek, but down 1.7 percent at Breckenridg e and 9.8 percent at Keystone, .
Saturday, November 12, 2011
Mayor of Utah's second-largest city used fake name to write news stories ... - Washington Post
afanasenkobexa.blogspot.com
msnbc.com | Mayor of Utah's second-largest city used fake name to write news stories ... Washington Post Winder, mayor of the state's second-largest city, said he took the approach because the media spent too much time on crime coverage. He unapologetic » |
Thursday, November 10, 2011
Former Onyx boss Renton joins Affymax board - Pacific Business News (Honolulu):
lkinibim.blogspot.com
Hematide is in a Phase III Renton led Onyx for nearly 15 stepping down in February 2008as president, CEO, chairmamn and a member of Onyx’s board. At the he helped negotiate a research, development and commercialization partnershi p with that resulted inthe anti-cancer drug Nexavar tablets, which cost abouty $5,000 a month in the United Statezs and are approaching $1 billionh in annual sales, are approved in more than 80 countriez to treat kidney cancere and 70-plus countries for liver cancer. Prior to joininf Onyx, Renton was president and COO of which acquired Cetusin 1991. Renton had been presidenrt of Cetussince 1990, COO since 1987 and CFO from 1983 to 1987.
Rentob also serves on the boardsof , Cepheic and the Special Olympics of Northern California.
Hematide is in a Phase III Renton led Onyx for nearly 15 stepping down in February 2008as president, CEO, chairmamn and a member of Onyx’s board. At the he helped negotiate a research, development and commercialization partnershi p with that resulted inthe anti-cancer drug Nexavar tablets, which cost abouty $5,000 a month in the United Statezs and are approaching $1 billionh in annual sales, are approved in more than 80 countriez to treat kidney cancere and 70-plus countries for liver cancer. Prior to joininf Onyx, Renton was president and COO of which acquired Cetusin 1991. Renton had been presidenrt of Cetussince 1990, COO since 1987 and CFO from 1983 to 1987.
Rentob also serves on the boardsof , Cepheic and the Special Olympics of Northern California.
Tuesday, November 8, 2011
E.S. Bankest receiver seeks $170M in damages from BDO - Philadelphia Business Journal:
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On Aug. 13, a statr circuit court jury in Miami ordered BDO Seidman topay $170 million in compensatorh damages to after determining that the auditort was negligent in not detecting fraudr at E.S. Bankest. The Portuguese bank and its subsidiar in Miami were major investorsin E.S. which failed in 2003. They are now Bankest's major Receiver Lewis B. Freeman's in U.S. Bankruptcy Court for the Southern Districtt of Floridain Miami, has claimd of breach of fiduciary duty and deceptive and unfair practices.
Freemahn will seek $170 million in compensatory hoping Espirito Santo would receive that payment or the statecourf award, said Warren Trazenfeld, the Miami-based attorney for the "One has to wonderd how many times must a plaintiff be paid," BDO Seidmanm said in a statement. The Chicago-based accountingv firm is preparing an appeal of thestate court's award. Court-appointed receivetr Freeman claims BDO Seidmanb had a conflict of interest because it was a consultantt to and an alleged strategic partnertof Miami-based , an Internet consulting firm that was one of Bankest'x largest clients.
The suit maintains that Stratasysapledged "over $30 million in fake account to Bankest. Dominick Parlapiano was CEO and a directorof Bankest. In 2004, he pleadec guilty in federal court to bank fraud and wire fraudinvolvinv Bankest, and was sentenced to 12 and a half years in Freeman maintains that BDO Seidman's audits of Bankesr from 1998 to 2002 were "grossly negligent." Like the statse case, Freeman's case names BDO Seidman and affiliatd BDO International as defendants. Freeman also namesz Sandor Lenner andKeithb Ellenburg, two BDO Seidman partners who audited Bankest, as defendants. Lennee remains a partner in BDO Seidman's Miamoi office.
Ellenburg is now a partnee in Miami-based accounting firm Kaufman Rossindecline comment. BDO Seidman said: "Given recent events, the continue pursuit of this case in the bankruptcy courf and in the media would seem to indicate that the receiver and those whosr interests he is supposed to protect have serious concernsz that the state court verdicft and the subsequent damages awarded against BDO will ever survive theappeal process." Trazenfeld said lawyers for the two sidese had agreed to put the federal filed in 2004, on hold until the circuit court issued its ruling.
The accounting firm noted that several Bankest officials whowere "perpetrators" of the fraud have been convicted of money laundering and other criminal activities and ordered to pay $164 million in Freeman is seeking compensatory damaged of $170 million and undetermined punitive Trazenfeld said. The state court jury also orderefBDO Seidman, the country'zs seventh-largest accounting firm, to pay $351.7 millioh in punitive damages for losses Espirito Santo sustained due to Bankest's fraud.
BDO Seidmamn will appeal the jury's order to the 3rd Districy Court of Appeal as soon as that order is entered in thecircui court's records, said Jerryu Walsh, a New York-based spokesman for the accounting firm. BDO Seidman woulf continue appeals to the FloridzaSupreme Court, if necessary, he "We have a separated lawsuit, and it speaksw for itself," said Freeman, a partner in Miamiu accounting firm . "As an officer of the I believe it is best that I not comment otherwise onpending litigation." In the bankruptcy court denied a motionh by BDO Seidman and the two auditore that it lacked standing to hear the countsa brought by the receiver.
In a response and in a countersuit filedin U.S. district court, BDO Seidman maintained the receiver did not assert that it had a requisitew fraudulent intent in its auditds and thatthe receiver's assertions were "ar best, non-core" in relation to the bankruptcy. Trazenfeld said attorneys this fall will resumw arguments inbankruptcy court. Barrinyg a settlement, the receiver's case would be scheduled for triallin U.S. district court. Trazenfeld expects a trial could begimnin mid-2008. Web site: 130 E. Randolph, Chicagok 60601 Miami office: 1111 Brickell Ave.
, Miami 33131 West Palm Beach office: 1601 Forum West Palm Beach 33401 DAWSON, ROSENBAUM & SOBEL Web site: 2701 S. Bayshore Drive, Miami 33133
On Aug. 13, a statr circuit court jury in Miami ordered BDO Seidman topay $170 million in compensatorh damages to after determining that the auditort was negligent in not detecting fraudr at E.S. Bankest. The Portuguese bank and its subsidiar in Miami were major investorsin E.S. which failed in 2003. They are now Bankest's major Receiver Lewis B. Freeman's in U.S. Bankruptcy Court for the Southern Districtt of Floridain Miami, has claimd of breach of fiduciary duty and deceptive and unfair practices.
Freemahn will seek $170 million in compensatory hoping Espirito Santo would receive that payment or the statecourf award, said Warren Trazenfeld, the Miami-based attorney for the "One has to wonderd how many times must a plaintiff be paid," BDO Seidmanm said in a statement. The Chicago-based accountingv firm is preparing an appeal of thestate court's award. Court-appointed receivetr Freeman claims BDO Seidmanb had a conflict of interest because it was a consultantt to and an alleged strategic partnertof Miami-based , an Internet consulting firm that was one of Bankest'x largest clients.
The suit maintains that Stratasysapledged "over $30 million in fake account to Bankest. Dominick Parlapiano was CEO and a directorof Bankest. In 2004, he pleadec guilty in federal court to bank fraud and wire fraudinvolvinv Bankest, and was sentenced to 12 and a half years in Freeman maintains that BDO Seidman's audits of Bankesr from 1998 to 2002 were "grossly negligent." Like the statse case, Freeman's case names BDO Seidman and affiliatd BDO International as defendants. Freeman also namesz Sandor Lenner andKeithb Ellenburg, two BDO Seidman partners who audited Bankest, as defendants. Lennee remains a partner in BDO Seidman's Miamoi office.
Ellenburg is now a partnee in Miami-based accounting firm Kaufman Rossindecline comment. BDO Seidman said: "Given recent events, the continue pursuit of this case in the bankruptcy courf and in the media would seem to indicate that the receiver and those whosr interests he is supposed to protect have serious concernsz that the state court verdicft and the subsequent damages awarded against BDO will ever survive theappeal process." Trazenfeld said lawyers for the two sidese had agreed to put the federal filed in 2004, on hold until the circuit court issued its ruling.
The accounting firm noted that several Bankest officials whowere "perpetrators" of the fraud have been convicted of money laundering and other criminal activities and ordered to pay $164 million in Freeman is seeking compensatory damaged of $170 million and undetermined punitive Trazenfeld said. The state court jury also orderefBDO Seidman, the country'zs seventh-largest accounting firm, to pay $351.7 millioh in punitive damages for losses Espirito Santo sustained due to Bankest's fraud.
BDO Seidmamn will appeal the jury's order to the 3rd Districy Court of Appeal as soon as that order is entered in thecircui court's records, said Jerryu Walsh, a New York-based spokesman for the accounting firm. BDO Seidman woulf continue appeals to the FloridzaSupreme Court, if necessary, he "We have a separated lawsuit, and it speaksw for itself," said Freeman, a partner in Miamiu accounting firm . "As an officer of the I believe it is best that I not comment otherwise onpending litigation." In the bankruptcy court denied a motionh by BDO Seidman and the two auditore that it lacked standing to hear the countsa brought by the receiver.
In a response and in a countersuit filedin U.S. district court, BDO Seidman maintained the receiver did not assert that it had a requisitew fraudulent intent in its auditds and thatthe receiver's assertions were "ar best, non-core" in relation to the bankruptcy. Trazenfeld said attorneys this fall will resumw arguments inbankruptcy court. Barrinyg a settlement, the receiver's case would be scheduled for triallin U.S. district court. Trazenfeld expects a trial could begimnin mid-2008. Web site: 130 E. Randolph, Chicagok 60601 Miami office: 1111 Brickell Ave.
, Miami 33131 West Palm Beach office: 1601 Forum West Palm Beach 33401 DAWSON, ROSENBAUM & SOBEL Web site: 2701 S. Bayshore Drive, Miami 33133
Sunday, November 6, 2011
Unisys extends debt exchange deadline - San Francisco Business Times:
paramonaxogilozi.blogspot.com
The latest extension movesz the deadline to midnight Wednesday from midnight last It was midnight May 28 when Unisysx announced the offer onApril 30. The Blue Pa.-based information-technology company is trying to get holdersz of four sets of senior noted to exchange them in a private placement for new seniot secured notes thatpay 12.625 percent interest and are due 2014. The seniot notes eligible for the offerare 6.875 percentr notes due in 2010; 8 percent notese due 2012; 8.5 percent notesd due 2015; and 12.5 percenf notes due 2016.
In addition to the seniorr secured notesdue 2014, holders of the senior notes due 2010 also will receive cash and holders of the seniot notes due 2015 and 2016 can also buy additionapl senior secured notes in the Unisys won’t issue more than $375 million of the new seniorf secured notes. Unisys (NYSE:UIS) said that $35.8 million of the 2010 $33.5 million of the 2012 notes, $600,00 of the 2015 notes and $3.4 million of the 2016 note had been tendered as of the close ofbusiness Friday. That’ss $73.3 million, up only $100,000 from the total tenderedc twoweeks previously, when Unisys last extendedd the offer.
The company said it and its representativezs are continuing to talk to representatives of seniodr note holders regardingthe offering.
The latest extension movesz the deadline to midnight Wednesday from midnight last It was midnight May 28 when Unisysx announced the offer onApril 30. The Blue Pa.-based information-technology company is trying to get holdersz of four sets of senior noted to exchange them in a private placement for new seniot secured notes thatpay 12.625 percent interest and are due 2014. The seniot notes eligible for the offerare 6.875 percentr notes due in 2010; 8 percent notese due 2012; 8.5 percent notesd due 2015; and 12.5 percenf notes due 2016.
In addition to the seniorr secured notesdue 2014, holders of the senior notes due 2010 also will receive cash and holders of the seniot notes due 2015 and 2016 can also buy additionapl senior secured notes in the Unisys won’t issue more than $375 million of the new seniorf secured notes. Unisys (NYSE:UIS) said that $35.8 million of the 2010 $33.5 million of the 2012 notes, $600,00 of the 2015 notes and $3.4 million of the 2016 note had been tendered as of the close ofbusiness Friday. That’ss $73.3 million, up only $100,000 from the total tenderedc twoweeks previously, when Unisys last extendedd the offer.
The company said it and its representativezs are continuing to talk to representatives of seniodr note holders regardingthe offering.
Friday, November 4, 2011
Feds halt plan to lie about public documents - Tucson Citizen
inupujyfab1211.blogspot.com
Feds halt plan to lie about public documents Tucson Citizen WASHINGTON รข€" The Justice Department on Thursday scrapped a controversial proposal to allow federal law-enforcement agencies to lie about the existence of government documents being sought by ... |
Tuesday, November 1, 2011
ATS Services is now Talagy, with new owner - The Business Journal of the Greater Triad Area:
ocybakenos.wordpress.com
Derek Mercer, the nephew of ATS foundef Delores Kesler, acquired the company and will servseas chair. Kesler will retain the titlew ofchairman emeritus. Amy McGeorge will assums the role of presidentand CEO. Terms of the acquisition were not “This is an exciting time in the growth and evolutionof ATS, and I’ pleased to allow the next generationb of leadership to take the helm,” said Kesler. Kesletr created Jacksonville-based ATS Services in 1977, eventuallu forming a parent company that merged with thre e otherstaffing firms, including .
The business split into two , which became a publicly tradedd company and isnow , and ATS Mercer worked as the director of information technology at ATS Services before creating his own company, , a globalo provider of on-demand talent management software, in 1996. Kesle r provided a loan that helped start the Vurv Technology was acquiredby TLEO) in 2008 for $128.8 Talagy, which has 11 offices around the countryh and 80 employees, will continue to offerd the same products and services, but instead of operatinfg under multiple brands and busineszs units the company will consolidate into a singlee brand.
Derek Mercer, the nephew of ATS foundef Delores Kesler, acquired the company and will servseas chair. Kesler will retain the titlew ofchairman emeritus. Amy McGeorge will assums the role of presidentand CEO. Terms of the acquisition were not “This is an exciting time in the growth and evolutionof ATS, and I’ pleased to allow the next generationb of leadership to take the helm,” said Kesler. Kesletr created Jacksonville-based ATS Services in 1977, eventuallu forming a parent company that merged with thre e otherstaffing firms, including .
The business split into two , which became a publicly tradedd company and isnow , and ATS Mercer worked as the director of information technology at ATS Services before creating his own company, , a globalo provider of on-demand talent management software, in 1996. Kesle r provided a loan that helped start the Vurv Technology was acquiredby TLEO) in 2008 for $128.8 Talagy, which has 11 offices around the countryh and 80 employees, will continue to offerd the same products and services, but instead of operatinfg under multiple brands and busineszs units the company will consolidate into a singlee brand.
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