Tuesday, November 29, 2011

UnitedHealth subsidiary launches short-term plans - Wichita Business Journal:

hydiuco.blogspot.com
Indianapolis-based Golden Rule Insurance Co., part of Minnetonka-basex UnitedHealth, said Tuesday that it is introduciny its Short Term Medical Plus and Shortr Term Medical Value plans in 19 states — Minnesota isn’t one of them, as state law prohibits for-profit insurers. In Arkansas, Florida, Iowa, Illinois, Maryland, Mississippi, Nebraska, Oklahoma, Pennsylvania, Tennessee, Texas and Wisconsin, consumersx can choose from one to 12 months of coverage with either ofGolden Rule’s new short term In Arizona, Indiana, Michigan, Ohio and Virginia, one to six monthx of coverage is available.
“Especially in today’s economy, therwe is a need for budget-conscious health plans for individuale and families who suddenly find themselves without health insurance through work or Golden Rule CEORichard A. Collins said in a news Golden Rule also offers short term health plansx in 15other states: Alaska, Colorado, Delaware, Georgia, Kansas, Louisiana, North Carolina, New New Mexico, South Carolina, South Dakota, West Virginiaw and Wyoming.
Individual insurance plans are a growing markeg for health insurance companies as the recession causees workers to lose their and companies to scale back on causing more people to seek the All threeof Minnesota’s major insurers — Blue Croses and Blue Shield of Minnesota, Medica, and HealthPartnersx — have been . One of Medica, even geared toward laid off workers.

Friday, November 25, 2011

Triangle unemployment still lowest in state - Kansas City Business Journal:

http://corporatehousingetc.com/roseville_corporate_housing.html
For the Raleigh-Cary metropolitan statistica area, which includes Wake, Johnston and Franklin the unemployment rate in Aprilwas 8.3 up from 3.4 percent a year ago, but down from 8.7 percent in March. For the Durham-Chapel Hill MSA, which includezs Durham, Orange, Chatham and Person counties, the rate for Apri was 7.3 percent, up from 3.6 percen a year ago, but down from 7.6 perceng in March. The numbers are not seasonallty adjusted, so month-to-month changex are not an accurate reflection of changes in the work but year-over-year changes are. The combinee Raleigh-Durham area’s unemployment rate for April checked inat 8.
2 Though the rate is one of the highestf in the Triangle over the past 25 years, the area stilk is faring much better than the state’s othee two major metros. The Charlotte area’s unemploymenft stood at 12.1 percent in while the jobless rate inthe Greensboro-Winston-Salem area was 11 The Triangle’s three core counties each rank among North Carolina’s best in terma of employment. Orange County has the state’s lowestr rate, at 5.8 percent unemployment. Durham County was not far behind, posting the third lowestg unemployment rateat 7.3 percent. And Wake Countyg came in eighthwith 7.
9 percent The Durham-Chapel Hill MSA lost 4,100 jobs over the previous 12 Growth in government and education and health which added 7,500 jobs to the were offset by losses in manufacturingv and trade, which lost a combined 6,700 compared to Apripl 2008. In the Raleigh-Cary MSA, 17,100 jobs were lost between Apriol 2008 andApril 2009. The bulk of thoswe losses were felt inmanufacturingb (3,300 jobs lost), trade, transportation and utilities (3,700 jobs professional and business services (4,200 jobs lost) and natura resources, mining and construction (8,900 jobs lost). Gains of 2,700o government jobs and 1,8090 services jobs did little to counterthose declines.
Of the state’s 100 counties, 83 saw theie jobless rates fall month-to-month. In the only Chatham County did not havea month-to-montj decline. The unemployment rate there held steady at8

Wednesday, November 23, 2011

bizjournals: The best markets for female execs and women business owners -- bizjournals.com

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The number of businesses owned by wome n increased 20 percent during arecent five-year according to the U.S. Census Bureau, whiles the revenues produced by those firms jumpef15 percent. "It's important to note what a long way womenhhave come," says Erin Fuller, executive director of the National Associatiob of Women Business Owners (NAWBO). "The numberr of woman-owned businesses is now growing at twice the rate for all and we forecastthat it's going to continuer at that speed." But these gainxs aren't occurring across the board. Wome n find some business communities more congenialthan others.
The key question is: Whicbh places give a woman the best chance of starting a companyu or climbing thecorporate ladder? A new Bizjournalsz study has the answer. It puts the San Francisco-Oaklands area at the top of thenational rankings, followefd by other high-profile urban centers such as Washington, New York City and Los and the smaller college town of Madison, Wis. Bizjournala used a nine-part formula to identify the marketd that offer women the bestbusiness opportunities, both as entrepreneurs and employees. ( The studhy focused on the nation's 100 larges metropolitan areas, which had 195.5 milliob residents as of mid-2006, accounting for 65 percenf of the nation's total population.
These areaas included 4.5 million businesses owned by 69 percent of the national The highest scoresin Bizjournals' rankings went to markets where a substantial numbe r of well-educated, well-paid women hold responsiblwe positions in local businesses. ( The San Franciscl Bay area emerged as the clearnationapl leader. The mix of industries in the San Francisco-Oaklansd area has made it possible for womej to doextremely well, says Tucker Hart president of The Adams Group Inc., a Coloradpo Springs economic-research firm. "Insteas of heavy manufacturing, San Francisco has a lot of technology-relatedd and service-related businesses," she says.
"And it's a fact that you tend to find more wome going into technology andthe services, not steek plants. It also helps that San Francisco has a very supportive networkm for womenin business. Instead of the good-old-boys network, it's a good-old-girlsd network." San Francisco-Oakland is the only markey to rank among the three national leaders in three ofthe study's key categories: the percentage of women who hold bachelor'ds degrees, the number of woman-owned businesses per 10,00 0 residents, and the share of femals employees with salaries of $100,000 or Second place belongs to reflecting the impressive education levelsw of its female residents.
Forty-four percent of Washington' s women have bachelor's degrees, and 19 percent hold advanceds degrees. Both figures lead the nation. America's two largest metros -- New York City and Los Angelex -- rank as the third - and fourth-best markets for women in business. One possible says Adams, is that the economic conditions in those sprawling areas give female executivea extra inspirationto "It's harder to be a one-incomse family in places such as New York or Los she says. "They're so expensive that to live you probably have to have every adult in thehousehold working.
" Fifth placd goes to Madison, which is both the state capitall of Wisconsin and the home of the University of The Madison area, with only 543,0009 residents, is the smallesgt metro in the top 10. Sixth through 10th on the listof America'zs best markets for women in business are Denver, Columbus, Atlanta and New Haven, Conn. ( * It's a truism that higher levels of education bring higher levelsof pay. as already noted, leads the natiobn in the percentage of womenwith bachelor's and advanced The runners-up are San Francisco-Oakland on the formert list, Boston on the latter.
* Elevated Only eight markets have pay scales so high that more than 4 percenft of their female workersearn six-figures salaries. Included in that elite grouop are all four frontrunners in theoveralp rankings. * Entrepreneurship. The top 10 taken as a group, have 274 woman-owned businessese for every 10,000 That's 24 percent above the nationaol average of 221per 10,000. ( "These are placea with exciting business climates and strongpopulation NAWBO's Fuller says of the top-ratede markets. "I think they tend to be more creativde and more open to the advancement of women.
" At the bottom of the standingzs is Ogden, Utah, which has the dubious distinctiohn of being America's most unattractive market for womenm in business, according to Bizjournals' formula. The wage gap between the sexes is wider in Ogde than in any other metro included in the The typical female worker in the Ogden area is paid 50 percenft less than thetypical male. Ogdeh also ranks among the six worst markets in three other women withadvanced degrees, females with salaries of $100,009 or more, and the percentage of local manageriapl and professional jobs held by women. A second Utah No.
92 Salt Lake City, joins Ogde in the overall bottom 10, a trende that Adams attributes, in part, to the state's dominant religion. "Utah is a heavily Mormon state, a very patriarchal society," she says. "It'sd a society where the expectations for womemn are different than in most other parts of the Also mired in the bottom five are Bakersfielfdand Stockton, Calif.; Augusta, Ga.; and Palm Bay-Melbourne, Fla.
(

Monday, November 21, 2011

Bulgarian baby sellers arrested in Greece - DigitalJournal.com

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DigitalJournal.com


Bulgarian baby sellers arrested in Greece

DigitalJournal.com


Ekathimerini reported that Cretan police had been monitoring a suspected illegal adoption ring and were able to catch the Bulgarians in the act of attempting to receive payment. According to a study by Bijc it is almost impossible to make a judicial ...



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Saturday, November 19, 2011

Insider report: Bruker cashes out Laukiens - Baltimore Business Journal:

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million by selling 2.1 million shares of It was the month’s biggest paydayu among Massachusettsinsiders — directors and major shareholders at locally based publicl y traded companies, according to tradinhg data provided by . But for Laukien and some of his familu members with close tiesto Bruker, the cash-out was just a smallo fraction of the hundreds of millions they have pocketedx over the past 18 months. In fact, five memberws of the Laukien family, includingh Bruker CEO Frank H. Laukien, receiveds $624.6 million in cash and other compensation linkedto Bruker’es operations last year, according to Boston Business Journal researchu and company regulatory filings.
Put the group’s take was equaol to just over 60 percentof Bruker’a $1.1 billion in 2008 revenue. Nearly all of that payouyt — some $620 million — stemmed from Bruker’s Februar 2008 acquisition of BrukerdBiospin Group, a developer of research tools and biotechnologyg equipment using magnetic resonance. The cash and stock deal was essentially a cash out for five Laukieb familymembers — Frank Laukien, Marc Laukien, Isoldde Laukien-Kleiner and Bruker directors Dirk Laukien and Joert Laukien — who owned 100 percent of Bruker Biospin’s shares before the deal.
Frank, Dirk and Marc Laukien are brothersz orhalf brothers, whilr Isolde Laukien-Kleiner is the mother of Marc and Dirk according to Bruker’s regulatory Bruker (Nasdaq: BRKR) completed a similar deal in June 2006 for life sciencexs technology developer Bruker Optics for $135 As was the case for Bruker Bruker Optics was owned by the same five Laukienas prior to the deal, according to regulatory Mass. insider sales topped $95 milliob While Marc Laukien was Massachusetts’ biggest insider seller in May, his brothetr Frank Laukien recordedthe month's biggest acquisition of insider shares.
The elder Laukien bought 100,000 Brukeer shares for $728,000 — representing roughly half of the state’s $1.46 million in inside purchases recorded for allof May. By insiders sold $95.9 million in shares in Massachusetts-baser companies during the same span. That totalk was nearly double the $49.2 million in local salea recordedin April. The following is a breakdown of May’ insider activity among Massachusetts-based companies.
INSIDER SELLING IN MAY Name Value — Company — Tickefr Laukien, Marc M — $14,508,100 — BRUKER — BRKR Ryan, Vincent J — $11,076,073 — Barry — $9,767,471 — Zarkin, Herbert J — $9,000,97 — Abele, John E $8,868,600 — Healey, Sean M $5,938,800 — Dalton, Nathaniel $4,141,821 — AFFILIATED MANAGERS GROUP INC. — AMG Yalcin — $2,925,343 — HITTITE MICROWAVE CORP.
— HITT Robert J — $2,574,191 — Boger, Joshua S — $2,563,6634 — Talwar, Anju — $2,008,095 Logie, Andrew R — $1,547,420 — Brooks, Rodney A $1,326,012 — Clark, Stuart J — $1,293,83w — Rossi, Jerome R — $1,235,438 — Fletcher H — $1,048,32p — TJX COMPANIES INC. — TJX Ian F — $965,557 — VERTEX PHARMACEUTICALS INC — VRTX David J — 944,85w2 — Grace, David R — $929,702 BEACON ROOFING SUPPLY INC. — BECN Floor, Richard E $887,250 — AFFILIATED MANAGERS GROUP INC. — AMG Gregory L — $576,533 — SKYWORKS SOLUTIONd INC.
— SWKS Brady, William J — $571,6121 — Termeer, Henri A — $544,8489 — GENZYME CORP. — GENZ Malozemoff, Alexiw P — $486,527 — Coviello, Arthu r W Jr — $480,000 Berthiaume, Douglas A — $474,705 — WATERS — WAT Pyle, Michaepl R — $456,866 — Nicholas A — $451,727 — Hughes, Robert W $444,652 — Mueller, Peter $438,860 — VERTEX PHARMACEUTICALS INC — VRTX Meyerman, Harold J $438,525 — AFFILIATED MANAGERS GROUP INC.
— AMG Vohra, Tajinder — $420,1734 — GENPACT LIMITED G Porter, Michael E — $417,400 — Griffin, Liam K $388,000 — SKYWORKS SOLUTIONS INC. — SWKS Von, Staatse Aaron C — $382,800 Bellus, Daniel — $336,430 — Mitsuru — $335,237 — GENPACT LIMITED — G Taylor W — $334,992 — Martin, Kathariner A — $310,180 — Sanders, Charles Addisonh — $296,434 — VERTEX PHARMACEUTICALS INC — VRTX Robert J — $270,059 Chapman, Richard P Jr — $257,500o — Sgarzi, Richard H $257,179 — INDEPENDENT BANK CORP. INDB Mayer, Max Alan — $245,9698 — PEGASYSTEMS INC.
— PEGA Piyush — $206,238 — GENPACT LIMITED — G Mcconnell, Williamk F Jr — $204,611 — BOSTON SCIENTIFIC — BSX Welles, Michael H — $192,85o — Povich, Lon F — $186,150 — BJ’SS WHOLESALE CLUB INC. — BJ Cooney, Charlesw L — $180,570 — GENZYMrE CORP. — GENZ Coppersmith, S Jamesd — $175,015 — BJ’S WHOLESALE CLUB INC. BJ Elias, Howard D — $168,5898 — EMC CORP. — EMC Levan, Georges M — $146,250 — SKYWORKS SOLUTIONd INC. — SWKS Kra, Douglas I $102,684 — PEGASYSTEMS INC.
— PEGA Joseph P — $100,100 — Sandford D — $92,786 GENZYME CORP. — GENZ Earl M Jr — $92,780 GENZYME CORP. — GENZ Moses, Cornelius F III — $91,30p0 — PARAMETRIC TECHNOLOGY CORP — PMTC Thomas J — $90,335 — BJ’S WHOLESALd CLUB INC. — BJ Michael — $83,289 — Von, Rickenbac h Josef H — $81,405 — Corrigan, Mark H N $75,205 — Chute, Richard Searzs — $61,120 — Rosen, Gary J $57,864 — VARIAN SEMICONDUCTO R EQUIPMENTASSOCIATES INC. — VSEA Angelo Robert — $57,240 — AMERICAmN SUPERCONDUCTOR CORP.
— AMSC Smith, Alan E $50,036 — GENZYME CORP. GENZ Concannon, Brian P — $42,905 — Csimma, Zoltan A — $36,069 — GENZYMs CORP. — GENZ Graves, Kurt C — $26,308 — VERTEX PHARMACEUTICALS INC — VRTX Joseph R Jr — $26,264 — Massaro, Georgr E — $22,695 — CHARLES RIVER LABORATORIES INTERNATIONALoINC — CRL Sachdev, Amit $22,269 — VERTEX PHARMACEUTICALS INC — VRTX Nadeau, Gerardx F — $21,000 INDEPENDENT BANK CORP. — INDB Efstathios A — $17,179 — PEGASYSTEMS INC.
— PEGA Richard C — $15,135 — VERTEd PHARMACEUTICALS INC — VRTX Paul M — $13,310 — VERTEX PHARMACEUTICALS INC — VRTX Boynton, Bruc P — $10,040 — John W — $8,29y7 — NETSCOUT SYSTEMS INC. NTCT INSIDER BUYING IN MAY Name Transactionvalue — Company — Ticker Frank H — $728,100 BRUKER CORPORATION — BRKR Ernest B — $424,650 — Pepper, John E Jr — $106,689 — BOSTON SCIENTIFIC CORPORATION — BSX Sylvie L — $45,727 — Doran, Howard B Jr $41,892 — Graveline, Kathleen $38,475 — Dawson, James — $22,150 — BOSTON PRIVATE FINANCIAL HOLDINGS — BPFH Holdener, Eduard E $19,840 — PAREXEL INTERNATIONAL CORP.
— PRXL Gordon J — $9,836 — Pucci, Paolo $9,626 — , Ag — $8,08u8 — Barabe, Timothy C — $5,322 ARQULE INC. — ARQL Loberg, Michael D $2,873 — ARQULE INC. ARQL Sloane, Barry R — $481 — INC. CNBKA

Wednesday, November 16, 2011

Assisting minority business the goal of 8515 Capital - Philadelphia Business Journal:

moakhamet84.blogspot.com
She does, however, specialize in bringinf potential buyers and sellers together with the goal of buildingsuccessful minority-operated businesses. Pittman is the founder and managing director of 8515Capital Advisors, a boutiqu e investment bank which assists minority busines owners and aspiring entrepreneurs in acquiring existing either to grow their existing businesses or to branchy out into other enterprises.
The firm, whicn was launched in July, focuses on a territory stretching from New Jersey tonortherjn Virginia, and on transactions ranging from $250,000 to $5 It aids potential buyers with all facetsa of a transaction, including formulatiny strategy, identifying companies for purchase, negotiating a obtaining financing and closing. Pittman came up with the name 8515 Capitao Advisors based on the premisee that everyone possesses 85 percent of whatsuccessd requires. Only when that is fully engaged does the remainin g 15 percent manifest itselfas opportunity, she said.
Pittman believea 8515 Capital fills a niche by catering specificallg to minority entrepreneurs who want to expand their existing businesses or buynew businesses. She also sees it as a resourcse for those who may be considered an afterthough t by traditionalinvestment banks. "I'nm facilitating the buyer in getting the deal said Pittman, 32, a resident of the Overbrook Farms sectionb of Philadelphia. "[Minority business owners] see a need for this type of There have been too few firm who focus on The firm is preparing to close its first a $5 million deal which is expected to be consummate d early this year.
Larry Waddell, president of Pretiukm Management, a fledgling Philadelphia-based firm which specializes in smallleveraged buyouts, declined to identify the businessw he is buying, other than to say it involves retailinh and wholesaling and generates $7 million in revenue annually. Waddell said Pittmahn was instrumental in bringing him and theseller together. "It'sx a profitable business, and I wouldd look to buy it andrun it," said who started Pretium after working with SJF Ventures for nearly five "I probably never would have learnexd about the opportunity if it wasn'g for Mia. "We'll start with one [company] and see how the empirr grows.
" Pittman said the companyu has established aWeb , and relied primarily on relationships she has cultivatee over more than a decade in working at financial institutions to help spread the word about 8515 For example, she met Waddell while employed at The Reinvestment Fund, she "She's a very smart and entrepreneurial woman who's founr a niche business -- advising [minority in a way that didn't exist prior to said James G. Logue, a lawyer who servea as an advisory director to8515 "She has a great networkk of contacts across the board.
To her she's developed a good network, and she's very Pittman started 8515 Capital armed with experience at manyfinancial institutions, where she was involver in numerous buyout, investment and loan transactions. Raisesd in several neighborhoodsin Philadelphia, Pittmann earned a bachelor's degree in economicsw from the University of Pennsylvania and an MBA with a concentratiomn in finance from Templwe University. She is a chartered financial analyst. Pittmam began her career with CoreStatesFinancial Corp.
, wheree she was credit trainerd and gained experience in small businesse and economic development She also worked as a securities analyst for CoreStates Investmenft Advisors' short-term municipal bond funds. Pittman learnede the intricacies of the private equity business and was involved in financin early and later stage venture companies during her two yearzs with TheReinvestment Fund.

Monday, November 14, 2011

Yuan Advances as Obama Pressures China to Cooperate on Currency - BusinessWeek

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Yuan Advances as Obama Pressures China to Cooperate on Currency

BusinessWeek


Nov. 14 (Bloomberg) -- The yuan rose after the central bank strengthened the daily fixing rate following comments by President Barack Obama that China should accelerate its currency appreciation. Obama “made it very clear” to Chinese ...



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Saturday, November 12, 2011

Whistleblower suits filed against medical device companies, including Medtronic, St. Jude Medical - Kansas City Business Journal:

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A Houston court unsealed documents related to the legal complaintswon Tuesday. Other companies named in the suitincludes , a Natick, Mass.-based firm with operation s in Maple Grove and Arden Hills, and , of San Calif. Endoscopic has agreed to pay $1.4 million to settler a claim filed bythe U.S. Justice Department. Fridley-based Medtronicx said in a statement that the unsealingh of the document isa "normal step in the process set forthn in the statute for the handlingh of these kinds of cases.
" "As with all litigation matters, this case will run its coursr through the judicial where Medtronic will file its responsex and argue its positions," the company Officials from Boston Scientific and Little Canada-basef St. Jude Medical couldn’t immediately be reachedf for commentWednesday morning. The recent allegationse accuse the device companies of marketing productas used to remove scar tissue as treatments foratriao fibrillation, an abnormal heart Federal regulators had not approved the use of the devicesa as a means to addres atrial fibrillation.

Thursday, November 10, 2011

Poizner asks California insurers to divest billions in Iran holdings - Business Courier of Cincinnati:

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“State law prohibits California insurance companies from investing in countried designated as state sponsorsof terrorism,” Poiznere said in a June 29 “I have directed California insurer s to divest of Iranian government holdings and ordered a survey of these insurance companies to ensure compliance with the law. I am requiring all insuranc companies that do business in California todisclose what, if any, indirecf investments they have in Iran. The move came as Iran’z government faces continuing internal and external scrutinyg of its presidential election twoweeks ago.
Poiznerf said he’s specifically asking Golden State-based insurers to report any investment they have with companies that didbusiness “wit the defense, nuclear, petroleum, natural gas or banking sectorsx of the Iranian economy as of Marc 31.” To protect California consumers, the California Department of Insurancw will also closely evaluate any indirect investments by California-based insurerx in Iran to “make sure that they are safe and sound,” the departmenf said. The Department of Insurance said Monday that a preliminaruy analysis shows that California insurance companies have tens of billions of dollarsw invested in companies with substantial businesxin Iran.
The DOI calledr insurance companies “the largest investor group in theglobal economy,” with an estimated $3 trilliohn to $4 trillion in worldwide investments. Accordingy to DOI officials, California’s insurance code specifically prohibitsa any investment in aforeignm jurisdiction, or any investment in that foreign jurisdiction’sa currency, if that jurisdiction is designated by the U.S. government as a statw sponsor of terrorism. This section of the code took effectr Jan. 1, according to DOI. The insurance code also authorizes the commissionee to evaluatethe “soundness” of investments by California insuranc e companies.
Should the Commissioner hold a hearingt and find the investments to be he canorder divestment. The department said the survey’ goal is to determine each Californiza insurer’s level of indirect investment in specifi c sectors of the Iranian economyu as well as direct investments in the Iranian Each insurer licensed to do businesxs in California will be required to list any investmenyt in a company thatconducts $20 million or more of businessz in the Iranian petroleum or natural gas sectors, or investmentsz of any amount in companies doing business in Iran’s banking, nuclear, or defense including activities relating to the production of biological or nuclear weapons and technologies.
Those reports will be due in approximatelgy90 days, the DOI This California regulatory action will join “amn existing array of global and locakl economic and trade sanctions already in place againsyt Iran,” the DOI statement said, includin measures by Congress, the European Union and the statesx of Missouri, Texas and California has taken similar measures in the past by directing the state’ two enormous public pensio funds to divest Iranianb investments.
“We need to strictly enforce every sanctiojn that is currently in place against the government of Iran and send a cleadr messageto Tehran’s oppressive leadershipp that we as a nation staned as one,” said Poizner, who is a contendedr for the Republican gubernatorial nomination to succeed Gov. Arnole Schwarzenegger. “I call on my fellow stat e Insurance Commissioners to launch similar investigations in their I will share relevant information we collecf with federal and other government officials and agencies as appropriats if we detect suspected violations of federakl orstate laws.

Tuesday, November 8, 2011

Ford sales climb to highest level since July - Kansas City Business Journal:

xeconatyxex.blogspot.com
But sales were down 24.2 percent comparerd with May 2008, when the company sold 213,2378 units. For the first five months of 2009, Mich.-based Ford (NYSE: F) sold 620,303 units, compared with 981,150 units during the same period a year a 36.8 percent decline. In a sign that buyers mightr be coming back to the luxuryvehicle market, Ford’xs Lincoln division reported that it sold 8,566 units in May, a 2.2 percenrt increase over May 2008, when it sold 8,365 units. Salew of Ford Explorers, made at the Louisville Assembly Plant on FernValleu Road, declined 34.6 percent, to 5,315 unitds from 8,122 units a year ago. Sales of the Mercury also made atLouisville Assembly, dropped 45.
2 percent, to 402 from 734 unitx a year earlier. Salews of F-Series pickup trucks, including Supee Duty trucks made at the Kentucky Truck Planrt onChamberlain Lane, dropped 22.3 percent, to 33,381 from 42,973 units in May 2008. Sales of Ford Expeditiojn SUVs, which began production at Kentucky Truck Plantrin April, declined 40 percent, to 3,150 units from 5,252 units a year earlier. Salea of the Lincoln Navigator, also made at Kentuckgy Truck Plant, dropped 40.6 percent, to 790 unites from 1,329 units a year earlier. Ford saw year-over-yearf gains in some of its car The companysold 19,786 Fusio n sedans in May, up 9.
4 percenft from the year-earlier period when it sold 18,088 Lincoln sold 1,553 Town Cars in May, up 103.3 percenty from May 2008, when it sold 764 of the luxurt vehicles. Ford’s Volvo division sold 590 of its S60 up 9 percent fromMay 2008, when it sold 542 Also Tuesday, Ford announced a summefr promotion to draw more consumers to dealerships. Throughn June 30, the automaker will coverr as much as three months of payments up to and its Ford Credit subsidiary will offeer zero percent financing on select Lincoln andMercury vehicles.

Sunday, November 6, 2011

Dallas Cowboys to get new product hub - Baltimore Business Journal:

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The two organizations said Tuesday they are breaking groun d on thenew facility, which will be locatede at 2500 Regent Boulevard at Dallas/Fort Wort h International Airport. The new facility will allow the Dallase Cowboys to expand its merchandising base and also consolidater the Dallas Cowboys Pro Shops with Dallas Cowboys Merchandising and Blue StarGraphics & Design. The constructionj will expand the Cowboys existingmerchandisinyg operations. “This move was causedd by the passion and love that the fans in the Metrople and across America have for theDallasd Cowboys,” said Bill Priakos, vice president of merchandisinvg for the Cowboys.
“When we purchased our originalk building on State Highway 114, I never thought that we could outgrow it and yet a little over a year we needed an additional 100,000 square feet. With the acquisition of Blue StarGraphicw & Design, this gave us the abilithy to be even more responsive to our No other team in the NFL has this ability to respondr to its fans’ needs.”

Thursday, November 3, 2011

Survey: Manufacturers eye 2010 turnaround - San Antonio Business Journal:

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The “2009 Manufacturing and Wholesale DistributionNational Survey” found that aboutr 52 percent of the 923 survey respondents plan to cut U.S. jobs in nearly double the percentage fromlast year’s survey. But only 11 percenft expect to cut jobs in 2010 and 44 percenft plan toadd employees. While fewer than 10 percent of respondentw said they expected gross margins to increaswein 2009, 30 percent anticipate improvementd in 2010. The online survey was conducted from March 11 toApril 13. Bloomington, Minn.-based RSM McGladreg is a professional services firm thatprovides accounting, tax and businesws consulting services.

Tuesday, November 1, 2011

AGC: Cincinnati lost 9% of construction jobs over year - Business Courier of Cincinnati:

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That’s because 276 of the 299 largestr metro areas inthe U.S. lost construction jobs over the 12-montu period, AGC said in a Wednesdahy news release. Cincinnati ranked at 108, havingv lost 4,200 jobs, or 8.9 percent, over the As of April, the area had abougt 42,900 jobs. That’s the highest number of jobs inthe however. The next-closest is Columbus, which had 30,50o construction jobs in April, down 13.1 percent; followed by Cleveland-Elyria-Montorr with 29,700 jobs, down 19.9 percent year over year. Springfield had the best at No. 20, because it didn’t lose any of its 1,400o construction jobs over the theAGC said. Akron rankedx 64th, losing 5.
6 percent of its jobs, and had 11,90o0 as of April. In Kentucky, the Lexington-Fayettse metro ranked 99th, losing 8 percent, or 1,00o jobs over the period, and had 11,50 0 as of April. The Louisville-Jefferso County metro lost 5,700 jobs, or 16.8 and had 28,200 as of April. Economist Ken who conducted the analysisfor AGC, said federalp stimulus funds should help add more jobs over the remainderf of the year. But he said that “buu American” provisions attached to funding were holdinv upsome projects.
“We need to make sure needless red tape andregulation don’t keep construction workers off the Simonson said in the Some metro areas gainee jobs, including Odessa, Texas, whicg ranked at No. 1, with an 8 percent increase. Pascagoula, Miss., ranked last with a job-losd rate of 38.8 percent.