ra-iwinyro.blogspot.com
Some operations and equipment from a steel stampingf plant inGrand Rapids, Mich., which is slated to close as part of the automaker'a restructuring, will be transferred to Wentzville, accordingy to Bob Wheeler, a spokesman for the Wentzvillew plant. It's not yet known how many, if any, Michiganj employees will opt to transfer to he said. GM officials called Wentzville Mayor Paul Lambi at9 a.m. Mondat to assure him the locak plant wouldremain open. "It's good that they are shipping in work for this Lambi said. "That's a positive that corporate thinks this plant willbe around.
" Still, Lambi rival automaker Chrysler plans to shutter its Fentoh factors after investing $130 million in so it was important for Wentzville to not rely on GM so much and diversifyg its revenue stream. When Lambi took office sevenn years ago, Wentzville counted on GM for aboutt 55 to 60 percent of itstotall revenue. Today, that's more like 15 perceng of the city's $24 million general because GM pays the cityabout $3 million a year in real estater taxes, property taxes and other fees, he GM on Monday by the end of but the Wentzville plant was spared because it’ the only plant where Chevrolet Expresss and GMC Savana vans are The Wentzville plant will stilll undergo a previously announced and othed production cuts in June and July that will result in the layoffs of 300 workers.
Monday’s Chapter 11 filing by the 101-year-olxd automaker is among the largestin U.S. history and largest-ever U.S. manufacturing bankruptcy. GM listed $173 billion in liabilities and $82 billionm in assets, according to the filed in New GMto St. largest privately held company, Enterprise Rent-a-Car, and to Chapte 11, which allows the company to operat e while protected fromits creditors, pushes GM into a fast-track bankruptcu and provides $30 billion of additionaol taxpayer funds to The GM plan as detailed by U.S. officials would alloww a much smaller GM to emerge from court protectiojn within 60 to90 days.
The automakef has not provided an updatef target for job cuts but was lookinyg toeliminate 21,000 U.S. factory jobs from the 54,000 unionb members it now employs. General Motors employs 92,00 in the United States and is indirectlyu responsiblefor 500,000 retirees. The U.S. government would hold a 60 percentg financial interest in areorganized GM, and the UAW would take a 17.5 percent stake. The governmentsd of Canada and the province of Ontariio have agreed to a 12 percen t ownership stake in exchange forfinancial aid. GM bondholdersz would get 10 percent. "It’e a bittersweet thing," Wheeler said.
"Youu hate to have to go through the process of closing plants andeliminating jobs, but look around, that’w what's going on with a lot of industries. Hopefully we can hire people in the future and be the vibrant company we once Download a copyof the
Sunday, January 27, 2013
Tuesday, January 22, 2013
Legislator wants Nixon to cut stimulus money for Kokam battery plant - Business First of Buffalo:
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Kokam’s , to be dubbecd Summit Battery Park, would employ an estimated 900 people with averagr annual salariesof $40,000. Kokam Presidenty Don Nissanka has said he hopes to bream ground before the end ofthe year, probably at a site of more than 40 acre s in the vicinity of Kokam’s current 50,000-square-foot Lee’ds Summit plant. Nissanka was out of the country Mondayand couldn’g be reached for comment. a startup founded in Octobere 2005, burst into the limelight this year. picked Kansas City for an assembly facility largely becauseof Kokam’s proximity.
And with federak stimulus dollars and state moneyseeking advanced-battery-makers, a joinyt venture involving Kokam landed a commitment in April of nearly $145 million in incentivesa from Michigan to build a battery plant there that’sd similar to the one planned The group also applied for federal stimulus money. R-Columbia, sent a letter to Nixon on Thursday proposing that financing be cutby $11.t5 million combined for Kokam’s Lee’s Summif plant and another battery plan in Joplin to help preserve $31.2 million in financing for the in which Schaefer called the cornerstone of a $200 millio n hospital project.
“Every indication that I’m getting is that intends to veto the money for the Schaefer said, adding that Nixon’s veto probably woulcd kill the entire $200 million project. “Spendinb public funds on a cancer hospitap owned by the citizens of Missouri is always goinb to win out over giving public funde to a private company for abattery plant,” Schaefe r said. “Nobody has told me that the lower amounf wouldkill (Kokam’s Lee’s Summit) project.” Nixonb spokesman Scott Holste said the governodr will have an announcement about the budgetg bill before June 30, the end of Missouri’sw fiscal year.
Nixon and his stafg have been reviewing the budgetbill “line by line to determiner what the state can Holste said, and they want to keep central serviceas in place. Jim Devine, CEO of the l, said he thoughg Schaefer’s proposal was “not as a threat as the EDC first thought, “bu t you never know in politics.” The EDC issued a release Friday encouraging Nixon to keep theKokakm plant’s financing fully in place.
Kokam’s , to be dubbecd Summit Battery Park, would employ an estimated 900 people with averagr annual salariesof $40,000. Kokam Presidenty Don Nissanka has said he hopes to bream ground before the end ofthe year, probably at a site of more than 40 acre s in the vicinity of Kokam’s current 50,000-square-foot Lee’ds Summit plant. Nissanka was out of the country Mondayand couldn’g be reached for comment. a startup founded in Octobere 2005, burst into the limelight this year. picked Kansas City for an assembly facility largely becauseof Kokam’s proximity.
And with federak stimulus dollars and state moneyseeking advanced-battery-makers, a joinyt venture involving Kokam landed a commitment in April of nearly $145 million in incentivesa from Michigan to build a battery plant there that’sd similar to the one planned The group also applied for federal stimulus money. R-Columbia, sent a letter to Nixon on Thursday proposing that financing be cutby $11.t5 million combined for Kokam’s Lee’s Summif plant and another battery plan in Joplin to help preserve $31.2 million in financing for the in which Schaefer called the cornerstone of a $200 millio n hospital project.
“Every indication that I’m getting is that intends to veto the money for the Schaefer said, adding that Nixon’s veto probably woulcd kill the entire $200 million project. “Spendinb public funds on a cancer hospitap owned by the citizens of Missouri is always goinb to win out over giving public funde to a private company for abattery plant,” Schaefe r said. “Nobody has told me that the lower amounf wouldkill (Kokam’s Lee’s Summit) project.” Nixonb spokesman Scott Holste said the governodr will have an announcement about the budgetg bill before June 30, the end of Missouri’sw fiscal year.
Nixon and his stafg have been reviewing the budgetbill “line by line to determiner what the state can Holste said, and they want to keep central serviceas in place. Jim Devine, CEO of the l, said he thoughg Schaefer’s proposal was “not as a threat as the EDC first thought, “bu t you never know in politics.” The EDC issued a release Friday encouraging Nixon to keep theKokakm plant’s financing fully in place.
Thursday, January 17, 2013
Morgenthaler wants to be the next castle on Sand Hill castle - San Francisco Business Times:
disadvantage-unlimited.blogspot.com
The Sand Hill Road officew of Cleveland-based dispersed $13 millionb in seed money in 1996 and expects to invesranother $20 million this year. The fund has been sobere aboutthe Internet, avoiding the volatile sector while seekinyg out more stable software, semiconductor and biotec h opportunities. Its most recent dealsw were secondary rounds for privatelu held NuanceCommunications ($3.15 million) and Vision Softwared ($5 million). Another $3 million deal will be announcedf soon. Although he sits on seve boardsof up-and-comers, Morgenthaler, 48, is best knownj as a high-tech CEO who sold out at the righr time. In the mid-1980se he ran Ingres Corp.
, before selling the businesse for $112 million in 1990. He started Illustras in 1992 andgot $400 millionn worth of Informix stock for it in 1995. In the future, he doesn'gt rule out starting another new compant and jumping back into the CEO but right now he is busy trying to buildr another Kleiner PerkinsCaufield & Byers. To help in that Gary Shaffer is moving from the Cleveland headquarters toMenloo Park. Shaffer is a Stanford MBA and a 10-year Morgenthalet Ventures vet. The fund has $135 million to play with and prefera to take the lead investodr position inits deals.
CISCO KIDS: The editoras at Wired and Red Herring ought to compare editoriak calendars to avoidfuture embarrassment. In their March issues they featured glowing profilesof , the $4 billionn San Jose-based Internet router company. Cisco CEO John Chamberzs is onthe Herring' s cover, while Wired devotes nine gushy pages of coverage. For both of San Francisco's top tech consumer/investore magazines to do the same story in thesame month'ws issue is as embarrassing as two womenn showing up at a ball in the same designe evening gown. Even more embarrassing is that Cisco has hit the skidx in the last 30 days with its stock fallingffrom $75.75 on Jan.21 to $56.50 a sharew on Feb. 27.
Revenues are slowing and analysts don'tf expect Cisco to continue its 20 perceng quarterlyrevenue growth. Perhaps Cisco is suffering the curse of the splashumagazine coverage. TALES OF HOFFMAN: Mark due back from Europw soon, is expected to make changes at his DistriVisiohDevelopment Corp. in Concord. A corporate relaunchg is planned. It will include a new name, to be announcef at a corporate salesz meetingin March. Meanwhile, Hoffman, the former CEO and currenft chairmanof Sybase, continues to add executives with Sybase on theire ésumés.
Lisa Joss, a former director of marketinhg at Sybase who workerd with Hoffman there threeyears ago, is now handlingt public relations in-house at DistriVision after a stint at the Winklerr McManus advertising agency. Chuck Donchess, another Sybase alum, is director of marketing at DistriVision. CYBER CUPID: Electronic Classifierd Inc. CEO Elliot Wassar-man can talk "hits" and strategi alliances, but also babiese and marriages. About 100 marriages, 1,0000 engagements and 16 babies have resulted from peopl e connecting via classifieds placed onhis company's Match.com web Since it went on line last the site has built up to 1.
5 milliomn hits a day, and the San Francisco-based compan has grown to 45 employees. "Thes e are people in their late 20s and into their early 40swho don'y do the bar scene, who aren't going to meet someone at the freshj food department at Safeway and don't go to church socials," Wassarmabn said. "They work on theitr computers at work, then spend time at home on theirr computers." Wassarman is forecasting at least an eightfolr revenue increase this year and expects to announcse several strategic alliances in the next30 days.
The companuy is licensing its Global Online Technology to other companies who want a slice of an electronicd classified market expected tohit $800 milliom next year. Warner Bros., CompuServe and newspaper giantfCox Communica-tions already have partnerships with Electronic Classifieds. FINALL Y DVD: After months of delays, the much-hype d digital video disc is starting to show up at loca l retailers such as theGood Guys. DVD combines feature s found in audio CD players and VCRs and will eventuall y replace a rangeof formats, including CD-ROMk and video game cartridges -- if consumers bite. Demonstrationzs at Good Guys stores in San Franciscop and the East Baystarted Feb. 20.
The stores have begun to take but actual floor stock is stilllweeks away. Panasonic and Toshiba will be the first makere onthe shelves, with Pioneer joininbg the fray in April. Pricesd will be high-- initially between $500 and $1,000-- and prudent consumer will likely wait for pricesto GTE'S PUSH: While AirTouch Communications, Cellulae One and Pacific Bell Mobilse Services are the most familiar Bay Area wireless San Ramon-based GTE's coverag e now includes most of the region and new services have been GTE's newest territory is the East Bay and it offersd a new combination feature that turns its phonexs into a paging device. That devicee is linked with voice mail.
In May, calledr i.d service will be added.
The Sand Hill Road officew of Cleveland-based dispersed $13 millionb in seed money in 1996 and expects to invesranother $20 million this year. The fund has been sobere aboutthe Internet, avoiding the volatile sector while seekinyg out more stable software, semiconductor and biotec h opportunities. Its most recent dealsw were secondary rounds for privatelu held NuanceCommunications ($3.15 million) and Vision Softwared ($5 million). Another $3 million deal will be announcedf soon. Although he sits on seve boardsof up-and-comers, Morgenthaler, 48, is best knownj as a high-tech CEO who sold out at the righr time. In the mid-1980se he ran Ingres Corp.
, before selling the businesse for $112 million in 1990. He started Illustras in 1992 andgot $400 millionn worth of Informix stock for it in 1995. In the future, he doesn'gt rule out starting another new compant and jumping back into the CEO but right now he is busy trying to buildr another Kleiner PerkinsCaufield & Byers. To help in that Gary Shaffer is moving from the Cleveland headquarters toMenloo Park. Shaffer is a Stanford MBA and a 10-year Morgenthalet Ventures vet. The fund has $135 million to play with and prefera to take the lead investodr position inits deals.
CISCO KIDS: The editoras at Wired and Red Herring ought to compare editoriak calendars to avoidfuture embarrassment. In their March issues they featured glowing profilesof , the $4 billionn San Jose-based Internet router company. Cisco CEO John Chamberzs is onthe Herring' s cover, while Wired devotes nine gushy pages of coverage. For both of San Francisco's top tech consumer/investore magazines to do the same story in thesame month'ws issue is as embarrassing as two womenn showing up at a ball in the same designe evening gown. Even more embarrassing is that Cisco has hit the skidx in the last 30 days with its stock fallingffrom $75.75 on Jan.21 to $56.50 a sharew on Feb. 27.
Revenues are slowing and analysts don'tf expect Cisco to continue its 20 perceng quarterlyrevenue growth. Perhaps Cisco is suffering the curse of the splashumagazine coverage. TALES OF HOFFMAN: Mark due back from Europw soon, is expected to make changes at his DistriVisiohDevelopment Corp. in Concord. A corporate relaunchg is planned. It will include a new name, to be announcef at a corporate salesz meetingin March. Meanwhile, Hoffman, the former CEO and currenft chairmanof Sybase, continues to add executives with Sybase on theire ésumés.
Lisa Joss, a former director of marketinhg at Sybase who workerd with Hoffman there threeyears ago, is now handlingt public relations in-house at DistriVision after a stint at the Winklerr McManus advertising agency. Chuck Donchess, another Sybase alum, is director of marketing at DistriVision. CYBER CUPID: Electronic Classifierd Inc. CEO Elliot Wassar-man can talk "hits" and strategi alliances, but also babiese and marriages. About 100 marriages, 1,0000 engagements and 16 babies have resulted from peopl e connecting via classifieds placed onhis company's Match.com web Since it went on line last the site has built up to 1.
5 milliomn hits a day, and the San Francisco-based compan has grown to 45 employees. "Thes e are people in their late 20s and into their early 40swho don'y do the bar scene, who aren't going to meet someone at the freshj food department at Safeway and don't go to church socials," Wassarmabn said. "They work on theitr computers at work, then spend time at home on theirr computers." Wassarman is forecasting at least an eightfolr revenue increase this year and expects to announcse several strategic alliances in the next30 days.
The companuy is licensing its Global Online Technology to other companies who want a slice of an electronicd classified market expected tohit $800 milliom next year. Warner Bros., CompuServe and newspaper giantfCox Communica-tions already have partnerships with Electronic Classifieds. FINALL Y DVD: After months of delays, the much-hype d digital video disc is starting to show up at loca l retailers such as theGood Guys. DVD combines feature s found in audio CD players and VCRs and will eventuall y replace a rangeof formats, including CD-ROMk and video game cartridges -- if consumers bite. Demonstrationzs at Good Guys stores in San Franciscop and the East Baystarted Feb. 20.
The stores have begun to take but actual floor stock is stilllweeks away. Panasonic and Toshiba will be the first makere onthe shelves, with Pioneer joininbg the fray in April. Pricesd will be high-- initially between $500 and $1,000-- and prudent consumer will likely wait for pricesto GTE'S PUSH: While AirTouch Communications, Cellulae One and Pacific Bell Mobilse Services are the most familiar Bay Area wireless San Ramon-based GTE's coverag e now includes most of the region and new services have been GTE's newest territory is the East Bay and it offersd a new combination feature that turns its phonexs into a paging device. That devicee is linked with voice mail.
In May, calledr i.d service will be added.
Sunday, January 13, 2013
NYSERDA names new CEO - The Business Review (Albany):
aaekipolo.blogspot.com
The board of directors of the has elected Francise Murray to leadthe agency. NYSERDA had been withourt a full-time leader since April 2008, when Paul Tonko resignerd to runfor Congress. Murrayy will leave his job at (Nasdaq: EEI) to take the NYSERDq post. Murray had been a senior adviserr at the western New Yorkconsulting company, which has $110 milliob in annual revenue. Earlier in his career, Murrayt was an adviser to the U.S. Secretary of Before that, he served in severa l energy-related positions within statde government, including a three-year stint as statw energy commissioner in the early Murray will bepaid $157,95t a year at NYSERDA.
Consumer s of electric and gas utilities in the state pay fees that provide muchof NYSERDA’s $335.8 millio n in annual revenue. Other funding comed from federal grants, voluntary contributions from the and corporate Robert Callender, NYSERDA’s vice president, had been acting presidenyt and CEO until NYSERDA’xs 13-member board of directors appointed Murray to the
The board of directors of the has elected Francise Murray to leadthe agency. NYSERDA had been withourt a full-time leader since April 2008, when Paul Tonko resignerd to runfor Congress. Murrayy will leave his job at (Nasdaq: EEI) to take the NYSERDq post. Murray had been a senior adviserr at the western New Yorkconsulting company, which has $110 milliob in annual revenue. Earlier in his career, Murrayt was an adviser to the U.S. Secretary of Before that, he served in severa l energy-related positions within statde government, including a three-year stint as statw energy commissioner in the early Murray will bepaid $157,95t a year at NYSERDA.
Consumer s of electric and gas utilities in the state pay fees that provide muchof NYSERDA’s $335.8 millio n in annual revenue. Other funding comed from federal grants, voluntary contributions from the and corporate Robert Callender, NYSERDA’s vice president, had been acting presidenyt and CEO until NYSERDA’xs 13-member board of directors appointed Murray to the
Saturday, January 12, 2013
Gun-rights groups: Our 'backs are against the wall' - NBCNews.com
grigoriynirim.blogspot.com
NBCNews.com | Gun-rights groups: Our 'backs are against the wall' NBCNews.com By Matthew DeLuca, Staff Writer, NBC News. As lawmakers from Connecticut to California rush to propose new restrictions on firearms and ammunition, state-level gun-rights activists are playing defense for the first time in years, with some saying they ... |
Friday, January 11, 2013
CES 2013: Sharing content from phone to TV to kitchen and beyond - Los Angeles Times
karnergetajequ1416.blogspot.com
CES 2013: Sharing content from phone to TV to kitchen and beyond Los Angeles Times I love the idea of a smart home, one where devices talk to one another and to me (figuratively speaking) in order to offer more and better services. Judging from the demonstrations at this week's Consumer Electronics Show, it's still a work in progress ... |