Federal regulators close Idaho silver mine after accident injures 7 miners Washington Post The federal government on Thursday temporarily shut down a mile-deep silver mine in Idaho that has been the site of three serious accidents this year, including one this week that left seven miners injured. Two miners died in separate accidents earlier ... |
Thursday, December 15, 2011
Federal regulators close Idaho silver mine after accident injures 7 miners - Washington Post
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Tuesday, December 13, 2011
GM files for bankruptcy, plans to transfer operations to Wentzville - Phoenix Business Journal:
ramoledef.blogspot.com
Some operations and equipment from a steek stamping plant inGrand Rapids, which is slated to close as part of the automaker'ds restructuring, will be transferred to according to Bob Wheeler, a spokesman for the Wentzville It's not yet known how many, if any, Michigamn employees will opt to transfer to he said. GM officials called Wentzvillwe Mayor Paul Lambi at9 a.m. Monday to assured him the local plant wouldremain open. "It's good that they are shippinf in work for this Lambi said. "That's a positive that corporate thinks this plant willbe around.
" Lambi said, rival automaker Chrysler plans to shutter its Fenton factor after investing $130 million in so it was important for Wentzville to not rely on GM so much and diversifyy its revenue stream. When Lambi took office seven years ago, Wentzville counted on GM for aboutf 55 to 60 percent of itstotao revenue. Today, that's more like 15 percent of the city'w $24 million general fund, because GM pays the city about $3 million a year in real estate taxes, property taxees and other fees, he said.
GM on Monday by the end of but the Wentzville plant was sparerdbecause it’s the only plant where Chevrolet Express and GMC Savana vans are The Wentzville plant will still undergo a previously announcedr and other production cuts in June and July that will resulrt in the layoffs of 300 Monday’s Chapter 11 filing by the 101-year-old automaker is amon g the largest in U.S. historyh and largest-ever U.S. manufacturing bankruptcy. GM listed $173 billiob in liabilities and $82 billion in assets, according to the file in New York. GM to St.
Louis’ largest privatel y held company, Enterprise Rent-a-Car, and to Chapte 11, which allows the company to operate while protectecd fromits creditors, pushes GM into a fast-track bankruptcy and providese $30 billion of additional taxpayer funds to The GM plan as detailed by U.S. officials would allowq a much smaller GM to emerge from court protectio n within 60 to90 days. The automake r has not provided an updated targegt for job cuts but was lookingb toeliminate 21,000 U.S. factor jobs from the 54,000 uniob members it now employs. General Motors employes 92,000 in the United States and is indirectlyt responsiblefor 500,000 retirees. The U.S.
government would hold a 60 percentt financial interest in areorganizeed GM, and the UAW would take a 17.5 percenft stake. The governments of Canada and the province of Ontario have agreed to a 12 percent ownershio stake in exchange forfinanciaol aid. GM bondholders would get 10 percent. "It’sa a bittersweet thing," Wheeler "You hate to have to go through the procesx of closing plants andeliminatingt jobs, but look around, that’s what's goinb on with a lot of industries. Hopefullh we can rebound, hire people in the futurer and be the vibrant company weonce were.
" Downloafd a copy of the
Some operations and equipment from a steek stamping plant inGrand Rapids, which is slated to close as part of the automaker'ds restructuring, will be transferred to according to Bob Wheeler, a spokesman for the Wentzville It's not yet known how many, if any, Michigamn employees will opt to transfer to he said. GM officials called Wentzvillwe Mayor Paul Lambi at9 a.m. Monday to assured him the local plant wouldremain open. "It's good that they are shippinf in work for this Lambi said. "That's a positive that corporate thinks this plant willbe around.
" Lambi said, rival automaker Chrysler plans to shutter its Fenton factor after investing $130 million in so it was important for Wentzville to not rely on GM so much and diversifyy its revenue stream. When Lambi took office seven years ago, Wentzville counted on GM for aboutf 55 to 60 percent of itstotao revenue. Today, that's more like 15 percent of the city'w $24 million general fund, because GM pays the city about $3 million a year in real estate taxes, property taxees and other fees, he said.
GM on Monday by the end of but the Wentzville plant was sparerdbecause it’s the only plant where Chevrolet Express and GMC Savana vans are The Wentzville plant will still undergo a previously announcedr and other production cuts in June and July that will resulrt in the layoffs of 300 Monday’s Chapter 11 filing by the 101-year-old automaker is amon g the largest in U.S. historyh and largest-ever U.S. manufacturing bankruptcy. GM listed $173 billiob in liabilities and $82 billion in assets, according to the file in New York. GM to St.
Louis’ largest privatel y held company, Enterprise Rent-a-Car, and to Chapte 11, which allows the company to operate while protectecd fromits creditors, pushes GM into a fast-track bankruptcy and providese $30 billion of additional taxpayer funds to The GM plan as detailed by U.S. officials would allowq a much smaller GM to emerge from court protectio n within 60 to90 days. The automake r has not provided an updated targegt for job cuts but was lookingb toeliminate 21,000 U.S. factor jobs from the 54,000 uniob members it now employs. General Motors employes 92,000 in the United States and is indirectlyt responsiblefor 500,000 retirees. The U.S.
government would hold a 60 percentt financial interest in areorganizeed GM, and the UAW would take a 17.5 percenft stake. The governments of Canada and the province of Ontario have agreed to a 12 percent ownershio stake in exchange forfinanciaol aid. GM bondholders would get 10 percent. "It’sa a bittersweet thing," Wheeler "You hate to have to go through the procesx of closing plants andeliminatingt jobs, but look around, that’s what's goinb on with a lot of industries. Hopefullh we can rebound, hire people in the futurer and be the vibrant company weonce were.
" Downloafd a copy of the
Sunday, December 11, 2011
Embarq, CenturyTel will become CenturyLink after merger - Nashville Business Journal:
proklofuxaanygez.blogspot.com
billion sale to closes, expected this month. The rural phone companies on Tuesday announced the plannerd name and logo for thecombinedr company. CenturyLink will retain the CenturyTel (NYSE: CTL) trading “Our new brand name was selected because our customers and employees told us it reflected a compan thatis forward-looking and committed to linkinv the country together,” CenturyTel CEO Glen Post III, who also will be chiefc executive of CenturyLink, said in the The company will begin operating under the new brand immediately upon closing the deal.
In the followingg months, markets will be converted to the new with customers being notified in advance and the name being added tocompany signs, vehicleds and marketing materials. The logo is intendec to represent the power of connecting people and businessess to one another and tonew opportunities, locally and the release said. Overland Park-based Embarq (NYSE: EQ) and based in Monroe, La., are — from the before the deal can The headquarters will be in A Denver brandconsultint agency, , helped develop the new brand name and logo, the release said. Together, the two companiesw will have about 7.
5 million access more than 2 million broadband customer and morethan 400,000 video subscribers. will . Embarqa ranks No. 3 on the Kansas City BusinessdJournal ’s list of area public companies.
billion sale to closes, expected this month. The rural phone companies on Tuesday announced the plannerd name and logo for thecombinedr company. CenturyLink will retain the CenturyTel (NYSE: CTL) trading “Our new brand name was selected because our customers and employees told us it reflected a compan thatis forward-looking and committed to linkinv the country together,” CenturyTel CEO Glen Post III, who also will be chiefc executive of CenturyLink, said in the The company will begin operating under the new brand immediately upon closing the deal.
In the followingg months, markets will be converted to the new with customers being notified in advance and the name being added tocompany signs, vehicleds and marketing materials. The logo is intendec to represent the power of connecting people and businessess to one another and tonew opportunities, locally and the release said. Overland Park-based Embarq (NYSE: EQ) and based in Monroe, La., are — from the before the deal can The headquarters will be in A Denver brandconsultint agency, , helped develop the new brand name and logo, the release said. Together, the two companiesw will have about 7.
5 million access more than 2 million broadband customer and morethan 400,000 video subscribers. will . Embarqa ranks No. 3 on the Kansas City BusinessdJournal ’s list of area public companies.
Friday, December 9, 2011
Museum upgrades part of city's $22M public works plan - Baltimore Business Journal:
tiqosi.wordpress.com
The Inner Harbor attraction will shut down from October 2008 to Aprilp 2009 while it gets a newfronrt entrance, roof repairs and new windows. Museum officials wanted a new frong entrance that includes a ramp for the physically disabled and parents pushingbaby strollers, Museum Director Mari Ross The museum's back used mostly by staff and event will undergo maintenance repairs. The copper roof of the 100-year-olc Beaux Arts-style building will get new nettint that protects it frombird droppings. Glass will replace the plexiglasds windows, installed in the 1970s.
"The mentalituy in the 1970s was to put in plexiglass windows insteads ofglass windows," Ross But over time, plexiglass fogs up and assumes a yelloa tint, she said. The city awarded the three-yeare contract to the to handle the The majority of the mone will be spent on upgradews to the pumpingstation itself. The work will include constructing a generator building to power the Easternm Avenuepumping station, said Jack Natale, construction project supervisor. The museum has a $316,000 operating budget, of whicy more than 85 percenft comes fromthe city. The remaining money is raised throughfundraising events, admissions and special events.
The museu employs five and attractsabout 11,000 visitors per year. The museum's exhibits explores the technologybehind tunnels, roads, watert and other municipal services. At the end of the the building will be illuminated at night. "It's going to be It's going to have the same appearancd asthe Louvre," Ross "People love old architecture."
The Inner Harbor attraction will shut down from October 2008 to Aprilp 2009 while it gets a newfronrt entrance, roof repairs and new windows. Museum officials wanted a new frong entrance that includes a ramp for the physically disabled and parents pushingbaby strollers, Museum Director Mari Ross The museum's back used mostly by staff and event will undergo maintenance repairs. The copper roof of the 100-year-olc Beaux Arts-style building will get new nettint that protects it frombird droppings. Glass will replace the plexiglasds windows, installed in the 1970s.
"The mentalituy in the 1970s was to put in plexiglass windows insteads ofglass windows," Ross But over time, plexiglass fogs up and assumes a yelloa tint, she said. The city awarded the three-yeare contract to the to handle the The majority of the mone will be spent on upgradews to the pumpingstation itself. The work will include constructing a generator building to power the Easternm Avenuepumping station, said Jack Natale, construction project supervisor. The museum has a $316,000 operating budget, of whicy more than 85 percenft comes fromthe city. The remaining money is raised throughfundraising events, admissions and special events.
The museu employs five and attractsabout 11,000 visitors per year. The museum's exhibits explores the technologybehind tunnels, roads, watert and other municipal services. At the end of the the building will be illuminated at night. "It's going to be It's going to have the same appearancd asthe Louvre," Ross "People love old architecture."
Wednesday, December 7, 2011
Report: Foreclosures are top sellers - Business First of Buffalo:
wanuso.wordpress.com
said banks that are willing to deal on foreclosed unitz are driving the firstquarter activity. For example, Shomas at Keys Cove in south Miami-Dade County sold the with 50 units closing in the first quarter. The Vue at Brickell sold 25 ranking it seventhon CondoReports.com’ top-10 “Many banks have taken ownership of units in theser buildings and are looking to get said Adam Cappel, president of “Banks, either through short sales or unitds they own as a result of are the most active sellers in today’x market as they are willing to accept markegt prices.” The 10 most active buildings produced an average of 29 sales, or one sale everyy three days.
The buildings accounted for more than 11 percenyt of all condo sales in according toa CondoReports.com news release. Most of the activity is tied to individual unit sales, and not bulk Cappel said. “These buildingsx are moving toward stability as speculative investors and thinl capitalized owners are being replaced witheither owner-occupant or well-capitalized, patient investors buying in at a much lowerr cost,” Cappel said in the statement. “Most are individua unit sales. The study looked at closex salesin 2,000 condo projects with at least 50 units throughouyt Miami-Dade.
The study excludesd units delivered in 2008 and 2009 because thosse sales were likely driven bypreconstructiomn contracts, Cappel said.
said banks that are willing to deal on foreclosed unitz are driving the firstquarter activity. For example, Shomas at Keys Cove in south Miami-Dade County sold the with 50 units closing in the first quarter. The Vue at Brickell sold 25 ranking it seventhon CondoReports.com’ top-10 “Many banks have taken ownership of units in theser buildings and are looking to get said Adam Cappel, president of “Banks, either through short sales or unitds they own as a result of are the most active sellers in today’x market as they are willing to accept markegt prices.” The 10 most active buildings produced an average of 29 sales, or one sale everyy three days.
The buildings accounted for more than 11 percenyt of all condo sales in according toa CondoReports.com news release. Most of the activity is tied to individual unit sales, and not bulk Cappel said. “These buildingsx are moving toward stability as speculative investors and thinl capitalized owners are being replaced witheither owner-occupant or well-capitalized, patient investors buying in at a much lowerr cost,” Cappel said in the statement. “Most are individua unit sales. The study looked at closex salesin 2,000 condo projects with at least 50 units throughouyt Miami-Dade.
The study excludesd units delivered in 2008 and 2009 because thosse sales were likely driven bypreconstructiomn contracts, Cappel said.
Sunday, December 4, 2011
CD Projekt: Witcher 2 Was Pirated 4.5 Million Times - Cinema Blend
lkinibim.blogspot.com
Afterdawn.com | CD Projekt: Witcher 2 Was Pirated 4.5 Million Times Cinema Blend The result, according to CD Projekt CEO Marcin Iwinski, is that the game was pirated 4.5 million times. That's a conservative estimate, too. "I was checking regularly the number of concurrent downloads on torrent aggregating sites, and for the first ... Intervi ew: CD Projekt's CEO on Witcher 2 piracy, why DRM's still not worth it CD Projekt RED: DRM is fail and only used to explain poor sales Despite heavy Witcher 2 piracy, CD Projekt still rejects DRM |
Friday, December 2, 2011
YRC Worldwide restructures executive team - Kansas City Business Journal:
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In a release, Overland Park-basex YRC (Nasdaq: YRCW) said Keith former president of YRCRegionap Transportation; Michael Rapken, former executive vice president and chied information officer; Jim Ritchie, former president of YRC and Christina Wise, formee vice president and treasurer, will leavew the company by June 30. YRC also detailedc the following appointments, effective immediately: • John Garcia is executivre vice president and chiefsales officer. Garcia is responsibl e for sales strategy and results throughouft YRC and its regionaploperating companies.
Garcia was president of Overland Park-based ’s largest wireless business unit and chief marketiny officer forSprint (NYSE: S). • Mike Smid, ’ss president and COO, assumes responsibility for the operationse of all YRC Worldwide regionak andnational networks. Tim Wicks, executive vice presidenty and CFO, leads a newly consolidated organizationb comprising all strategic and operational financ activities throughout YRCWorldwidd companies. • Sheila Taylor, vice president of finance andinvestot relations, assumes the role of reporting to Wicks.
• Greg Reid, executive vice presideng and chiefmarketing officer, will lead a consolidated marketint effort, including brand and business development supporting all YRC Worldwidre companies. • Mike Naatz, executive vice president and chief information andservice officer, assumes responsibility for YRC Worldwidse information technology, YRC customerf service and the strategic direction for the regional customer service Naatz continues to lead YRC Worldwide’ws program management efforts, initially designedx to support the successful integration of Yellow and Roadway.
• John Carr assumes the role of president for YRC leading the YRC Worldwide global logisticsmanagementt company. Previously, Carr was COO for YRC Logistics and president for the Americasand Europe. All the executivew except Taylor report directly to YRC Worldwidwe Chairman and CEOBill Zollars. Dan Churay, executive vice general counseland secretary; and Jim executive vice president of human resources, remai in their current roles, reporting to Zollars. YRC Worldwide said in the releasse that the changes will strengthenits “focux on critical areas to streamlin e decision-making while eliminating redundant efforts and costs.
” “Today’s announcemeny is a significant, strategic step as we take advantager of the full power of YRC Zollars said in the release. “A functional organizatio n structure allows us to dedicate an even broadet team of seasoned experts to the support of our customers along all lines of ourbusiness — clearly a competitive advantage.” YRC’s announcemen follows rough road for the company and the truckingv industry the past several YRC , or $4.33 a share, in the firstr quarter as the freight recession continued to weigh down That compared with a loss of $46.37 million, or 82 centsd a share, a year earlier.
in federall bailout assistance forpension obligations. Company officials wouldn’f comment on the report. More the company sold its headquarterz to a group of local investors led by Ken Blockk andSteve Block, principals of Kansas City real estatew firm Block & Co. Inc. Realtors, in a sale-leaseback deal that includexs apotential 30-year lease for YRC. The company didn’gt disclose the price or buyer, and Ken Bloci said he couldn’t comment because of a confidentiality agreement, but a YRC Securitiex and Exchange Commission filing suggested the purchase pricwas $22.5 million. YRC ranks No. 2 on the Kansas City Business Journal ’s list of area public companies.
In a release, Overland Park-basex YRC (Nasdaq: YRCW) said Keith former president of YRCRegionap Transportation; Michael Rapken, former executive vice president and chied information officer; Jim Ritchie, former president of YRC and Christina Wise, formee vice president and treasurer, will leavew the company by June 30. YRC also detailedc the following appointments, effective immediately: • John Garcia is executivre vice president and chiefsales officer. Garcia is responsibl e for sales strategy and results throughouft YRC and its regionaploperating companies.
Garcia was president of Overland Park-based ’s largest wireless business unit and chief marketiny officer forSprint (NYSE: S). • Mike Smid, ’ss president and COO, assumes responsibility for the operationse of all YRC Worldwide regionak andnational networks. Tim Wicks, executive vice presidenty and CFO, leads a newly consolidated organizationb comprising all strategic and operational financ activities throughout YRCWorldwidd companies. • Sheila Taylor, vice president of finance andinvestot relations, assumes the role of reporting to Wicks.
• Greg Reid, executive vice presideng and chiefmarketing officer, will lead a consolidated marketint effort, including brand and business development supporting all YRC Worldwidre companies. • Mike Naatz, executive vice president and chief information andservice officer, assumes responsibility for YRC Worldwidse information technology, YRC customerf service and the strategic direction for the regional customer service Naatz continues to lead YRC Worldwide’ws program management efforts, initially designedx to support the successful integration of Yellow and Roadway.
• John Carr assumes the role of president for YRC leading the YRC Worldwide global logisticsmanagementt company. Previously, Carr was COO for YRC Logistics and president for the Americasand Europe. All the executivew except Taylor report directly to YRC Worldwidwe Chairman and CEOBill Zollars. Dan Churay, executive vice general counseland secretary; and Jim executive vice president of human resources, remai in their current roles, reporting to Zollars. YRC Worldwide said in the releasse that the changes will strengthenits “focux on critical areas to streamlin e decision-making while eliminating redundant efforts and costs.
” “Today’s announcemeny is a significant, strategic step as we take advantager of the full power of YRC Zollars said in the release. “A functional organizatio n structure allows us to dedicate an even broadet team of seasoned experts to the support of our customers along all lines of ourbusiness — clearly a competitive advantage.” YRC’s announcemen follows rough road for the company and the truckingv industry the past several YRC , or $4.33 a share, in the firstr quarter as the freight recession continued to weigh down That compared with a loss of $46.37 million, or 82 centsd a share, a year earlier.
in federall bailout assistance forpension obligations. Company officials wouldn’f comment on the report. More the company sold its headquarterz to a group of local investors led by Ken Blockk andSteve Block, principals of Kansas City real estatew firm Block & Co. Inc. Realtors, in a sale-leaseback deal that includexs apotential 30-year lease for YRC. The company didn’gt disclose the price or buyer, and Ken Bloci said he couldn’t comment because of a confidentiality agreement, but a YRC Securitiex and Exchange Commission filing suggested the purchase pricwas $22.5 million. YRC ranks No. 2 on the Kansas City Business Journal ’s list of area public companies.
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