mooth35byh.blogspot.com
The index declined in June butonly moderately, according to a releasd Monday. The index for June is 88.4, a decrease of 0.8 from the revisedx May numberof 89.1, and a declines of 21.6 percent from a year ago. “Compared to the beginning of the the decline in the Employmengt Trends Index hassignificantly moderated, and we thereforew expect job growth to resumwe around the end of the year,” Gad Levanon, seniore economist at The Conference Board, said in the release. over the last month, leading indicators of employmengt weremostly disappointing, suggesting the Employment Trends Indexc is still seeking a bottom.
” The Employmentt Trends Index aggregates eight labor-market indicators to show underlying trendzs more clearly. For the June the indicators that declined were the percentage of respondentes who said theyfound “jobs hard to get,” the numbere of employees in the temporary-help industry, industrialp production, real manufacturing and trade and job openings. The other three indicatorse that make up theindex are: initial claims for unemploymenty insurance, percentage of firms with positions not able to fill rightr now and part-time workers for economid reasons.
Saturday, October 29, 2011
Thursday, October 27, 2011
Barry-Wehmiller unit buys British equipment maker - St. Louis Business Journal:
younkinesagugad1746.blogspot.com
signed the deal June 9 to buy of Bedford, England. Termes were not disclosed. Randy Lorenz, vice presidentf of sales at MarquipWardUnited, said Apollo generatexd revenue ofabout $5 million last year and employws 15 people. Lorenz said the acquisition of Apollo will close late this month or early July. He said Steve who heads MarquipWardUnited's salea division in Europe and Asia, will take on the additiona role of managing director for the newlhyacquired company. "It's a small acquisition but it will enable us to expanr our markets in Europe and theMiddle East," Lorenz The acquisition of Apollo Sheeters is the secondr that a Barry-Wehmiller subsidiary has made this year.
In of Minneapolis announced it signeds a deal to purchasethe high-speed beverag cartoning and packaging line of of Kiel, for an undisclosed amount. Barry-Wehmillerf operates 10 business units in all and generatecd revenueof $941 million last year compared to $772 milliom in 2006. Last year, Barry-Wehmiller bought five includingof Salem, Ill., and Los Angeles-basexd Glenn Ostle, editorial director of Paper 360, a tradse publication that focuses on the papeer and pulp industry, said MarquipWardUnitee efforts to expand its market overseaa is timely. "Over the last 10 years, the pulp and papetr market inthe U.S. has matured" Ostlse said.
"In some countries like China, it'a growing rapidly, and they need new machines. It's also growinfg in India and inSoutn America, especially Brazil, where a lot of pape comes from."
signed the deal June 9 to buy of Bedford, England. Termes were not disclosed. Randy Lorenz, vice presidentf of sales at MarquipWardUnited, said Apollo generatexd revenue ofabout $5 million last year and employws 15 people. Lorenz said the acquisition of Apollo will close late this month or early July. He said Steve who heads MarquipWardUnited's salea division in Europe and Asia, will take on the additiona role of managing director for the newlhyacquired company. "It's a small acquisition but it will enable us to expanr our markets in Europe and theMiddle East," Lorenz The acquisition of Apollo Sheeters is the secondr that a Barry-Wehmiller subsidiary has made this year.
In of Minneapolis announced it signeds a deal to purchasethe high-speed beverag cartoning and packaging line of of Kiel, for an undisclosed amount. Barry-Wehmillerf operates 10 business units in all and generatecd revenueof $941 million last year compared to $772 milliom in 2006. Last year, Barry-Wehmiller bought five includingof Salem, Ill., and Los Angeles-basexd Glenn Ostle, editorial director of Paper 360, a tradse publication that focuses on the papeer and pulp industry, said MarquipWardUnitee efforts to expand its market overseaa is timely. "Over the last 10 years, the pulp and papetr market inthe U.S. has matured" Ostlse said.
"In some countries like China, it'a growing rapidly, and they need new machines. It's also growinfg in India and inSoutn America, especially Brazil, where a lot of pape comes from."
Tuesday, October 25, 2011
Review: Kirby's Return to Dream Land (Wii) - GamePro.com
ywyjihu.wordpress.com
Globe and Mail | Review: Kirby's Return to Dream Land (Wii) GamePro.com None of the levels took advantage of their unique abilities, which made me wonder why I was even bothering with them. It was ultimately a lot more fun to just be Kirby; at least his trademark power stealing ability mixed things up a bit. ... Nintendo Proves Pink is Powerful with Kirby's Return to Dream Land for Wii Kirby's Return to Dream Land (Wii) Review Kirby's Return to Dreamland review: Sleepwalking |
Sunday, October 23, 2011
After tragedy, Pittsburgh Flexicore relies on itself to finish expansion - Pittsburgh Business Times:
mastering-input.blogspot.com
He also could see many of the growinf pains his company would face as it preparedc to move to a new concrete There wasthe expense: around $4 million, financed largely through various state funds. There was the move: a six-mile slog to the new plangt in Donora. And there was the general fear of makinfg a transition to a new address with new while serving a backlogof business. But there was one growinvg painhe couldn’t The contractor they hired to do the job Along with the loss of a business associate with whom they entrustef their business, Pittsburgh Flexicore faced the realithy that their new facility was no more than half a 700-foot-long building without floors or “It was a shock knowing at that poin t in time that the project was goinb to come to a halt,” Patterson said.
Patterson and his sons were forced to decidew how to finishthe job. Two years ago, Patterso n made the decision for his company to do most of the remaininygwork itself, including pouring the concrete floors, building a ramp for storagse space, moving various equipment and a varietyh of other tasks. The electrivc work was the only work thecompany subcontracted. Pittsburgbh Flexicore is now 98 percent finisher with the new site and plans to move innext month. Closes to the point of having the majord transitionbehind him, Patterso is matter of fact about what it took for his company to pick up the pieces and handle the task on its own.
“Yoy had to coordinate all of it, that’sa for sure,” he said. “You know what you have to do, and you spendc the time to do it.” The smalp family-owned company of 50 employeeas completed the development of nearly half of its new facilityu while supplying a full backlog of clients out of its old one at the same Patterson delegated the responsibilities for completinb the build out tohis sons, Robert Jr. and Sean, while he manageed the business, a dual role that added nine monthsa tothe project.
The payoff was obvious: The new equipment will triple the amount of concrete Pittsburgu Flexicorecan make, and the move from a six-acr site to a 17-acre one means the company will be able to storse enough supply to take on the kind of extra work they’ve had to turn It’s the kind of bootstrapping that Lee president of , sees small manufacturers doing often. “Companies are trying to keep everythiny down to the last penny and make everythinggo further, especiallu in a family business,” he Such companies need to know theird limits , and where to get the rightt advice when necessary, he said.
But Taddonio said small companiew often have an easiedr time making such decisions thanlarge “They just work harder,” he
He also could see many of the growinf pains his company would face as it preparedc to move to a new concrete There wasthe expense: around $4 million, financed largely through various state funds. There was the move: a six-mile slog to the new plangt in Donora. And there was the general fear of makinfg a transition to a new address with new while serving a backlogof business. But there was one growinvg painhe couldn’t The contractor they hired to do the job Along with the loss of a business associate with whom they entrustef their business, Pittsburgh Flexicore faced the realithy that their new facility was no more than half a 700-foot-long building without floors or “It was a shock knowing at that poin t in time that the project was goinb to come to a halt,” Patterson said.
Patterson and his sons were forced to decidew how to finishthe job. Two years ago, Patterso n made the decision for his company to do most of the remaininygwork itself, including pouring the concrete floors, building a ramp for storagse space, moving various equipment and a varietyh of other tasks. The electrivc work was the only work thecompany subcontracted. Pittsburgbh Flexicore is now 98 percent finisher with the new site and plans to move innext month. Closes to the point of having the majord transitionbehind him, Patterso is matter of fact about what it took for his company to pick up the pieces and handle the task on its own.
“Yoy had to coordinate all of it, that’sa for sure,” he said. “You know what you have to do, and you spendc the time to do it.” The smalp family-owned company of 50 employeeas completed the development of nearly half of its new facilityu while supplying a full backlog of clients out of its old one at the same Patterson delegated the responsibilities for completinb the build out tohis sons, Robert Jr. and Sean, while he manageed the business, a dual role that added nine monthsa tothe project.
The payoff was obvious: The new equipment will triple the amount of concrete Pittsburgu Flexicorecan make, and the move from a six-acr site to a 17-acre one means the company will be able to storse enough supply to take on the kind of extra work they’ve had to turn It’s the kind of bootstrapping that Lee president of , sees small manufacturers doing often. “Companies are trying to keep everythiny down to the last penny and make everythinggo further, especiallu in a family business,” he Such companies need to know theird limits , and where to get the rightt advice when necessary, he said.
But Taddonio said small companiew often have an easiedr time making such decisions thanlarge “They just work harder,” he
Friday, October 21, 2011
It's "Black Tuesday" for 14 Colorado Chrysler dealers - Dallas Business Journal:
bojony.wordpress.com
The statewide trade group dubbed theday "Blacl Tuesday." Some of the dealers are closing their doors; otherxs are planning to sell used cars or switch to othe car makes. "These dealerships have been forced to closee due to no fault oftheirf own," Tim Jackson, president of the Colorado Automobile Dealers Association (CADA), said in a statement. "Fortunately, some of thesee dealers carry other brands and haveothee dealerships," he said. "They will survive. But, others do not. Some will becomed used car dealers and others will simply be forcer outof business.
" he believes that is puttintg itself in "jeopardy" by severinfg ties with its local dealers, most of which he considers profitable and some of whicnh are among Chrysler's top salesa performers in the state. "Dealerships are a profitg center to theauto manufacturers, not a cost center," he "Dealerships are an asset to their not a liability. More than 90 percengt of an auto manufacturer’s revenus comes through the dealerships. It makes no sense to cut off the primarty income source ofthe Nationwide, 789 Chrysler dealers are being cut off from new cars by the which has filed for Chapter 11 bankruptcy Monday, U.S.
Supreme Court Justice Ruth Badetr Ginsburgdelayed Chrysler's plans to sell its assetas to Italian car manufacturet Fiat. Ginsburg put the bankruptcy court rulint allowing the sale on hold untikfurther notice, though a timeline and specific reasoh was not provided. The delay came afterr Indiana pension funds requested a stay from the court so it could hear their appealof Chrysler’s decision to sell to Fiat. It was not immediatelyt clear if the move would have any affecty on Chrysler dealers selected to be cut off fromthe Ginsburg's move temporarily frustrates Obama administratiohn hopes that Chrysler would be able to come out from unde bankruptcy protection quickly.
Separately, an estimated 13 to 15 dealershipx in Colorado that their franchises with thatautomake -- also under Chapter 11 protection -- will not be renewedd next year. "It's a sad day in America when automanufacturerws ... in bankruptcy received in excesdsof $50 billion in bailout funds from the U.S. Government and can inflict irreparable damage on profitable dealers causing increased unemployment and reduction s in the tax base tolocal communities," CADA's Jackson Jackson has said he favors congressional action to help as some lawmakers -- including -- have called for.
The statewide trade group dubbed theday "Blacl Tuesday." Some of the dealers are closing their doors; otherxs are planning to sell used cars or switch to othe car makes. "These dealerships have been forced to closee due to no fault oftheirf own," Tim Jackson, president of the Colorado Automobile Dealers Association (CADA), said in a statement. "Fortunately, some of thesee dealers carry other brands and haveothee dealerships," he said. "They will survive. But, others do not. Some will becomed used car dealers and others will simply be forcer outof business.
" he believes that is puttintg itself in "jeopardy" by severinfg ties with its local dealers, most of which he considers profitable and some of whicnh are among Chrysler's top salesa performers in the state. "Dealerships are a profitg center to theauto manufacturers, not a cost center," he "Dealerships are an asset to their not a liability. More than 90 percengt of an auto manufacturer’s revenus comes through the dealerships. It makes no sense to cut off the primarty income source ofthe Nationwide, 789 Chrysler dealers are being cut off from new cars by the which has filed for Chapter 11 bankruptcy Monday, U.S.
Supreme Court Justice Ruth Badetr Ginsburgdelayed Chrysler's plans to sell its assetas to Italian car manufacturet Fiat. Ginsburg put the bankruptcy court rulint allowing the sale on hold untikfurther notice, though a timeline and specific reasoh was not provided. The delay came afterr Indiana pension funds requested a stay from the court so it could hear their appealof Chrysler’s decision to sell to Fiat. It was not immediatelyt clear if the move would have any affecty on Chrysler dealers selected to be cut off fromthe Ginsburg's move temporarily frustrates Obama administratiohn hopes that Chrysler would be able to come out from unde bankruptcy protection quickly.
Separately, an estimated 13 to 15 dealershipx in Colorado that their franchises with thatautomake -- also under Chapter 11 protection -- will not be renewedd next year. "It's a sad day in America when automanufacturerws ... in bankruptcy received in excesdsof $50 billion in bailout funds from the U.S. Government and can inflict irreparable damage on profitable dealers causing increased unemployment and reduction s in the tax base tolocal communities," CADA's Jackson Jackson has said he favors congressional action to help as some lawmakers -- including -- have called for.
Wednesday, October 19, 2011
Saint Martin's finds new university president in Oregon - Puget Sound Business Journal (Seattle):
eragywaqer.wordpress.com
Johnston battled 28 other candidates for the won overthe university's board of trustees and overcamwe his own concerns about uprooting his familyt to land the job. The deal got starterd when Johnston saw the job announcemeny placed in the Chronicle of Highert Education bythe university's search firm, , of D.C. Johnston is director of Oregon's Children, Adultse and Families Division within the state Departmeng ofHuman Services. He also has caree r experience in higher education as a professord atseveral universities, as a college dean and as interijm president at Willamette in Salem, Ore.
According to Saint Johnston won the position over 28 other candidates baseed onmultiple interviews. Johnston showed he was the best candidat e for the job with his thoughtful and direct ability to communicate his ideas forthe university's future and a strongg display of confidence, said Ken chairman of Saint Martin's Board of Trustees and CEO of Olympia-basec . "It was just his ability to communicate with lay out a plan and make you feel like you want to buy into it and be a part of Parsons said.
When students, faculty, administrators and community leaderws heard Johnston speak and asked him his ability to field their questions also showedd he could work withmultiplse groups, Parsons said. For Johnston, he needec to hear that Saint Martin's was in a position to continue moving forward and had the full support of its In recent years the private Catholic university basecdin Lacey, the only Benedictine university west of the has expanded, adding buildings, raising funds and remodelin g its athletics facilities. That commitment to growth, along with supporg for the expansion bylocal constituents, was something Johnstonm needed to see before he could accept any offer.
"There is a unity of purposee there thatwas encouraging," Johnston said. But Johnston was concernexd about how the move to Olympia might affect his family andfour children, especially his 16-year-olr son, Zach, who is a sophomore in high Johnston's anxiety was soon not by Saint Martin's, whicyh understood and helped the two scouy local high schools, but by Zach "He sent me a very nice note that comforted me abouf his willingness to move," Johnston said. The letter was confirmatioh for Johnston, but Parson said he also saw proof that trusteews made theright decision.
After announcinfg Johnston's selection, trustees held a dinner with their new Afterthe meal, Johnston went into the kitche to thank the For Parsons, the gesture showed Johnston had the skills needeed to lead the university and its several stakeholders.
Johnston battled 28 other candidates for the won overthe university's board of trustees and overcamwe his own concerns about uprooting his familyt to land the job. The deal got starterd when Johnston saw the job announcemeny placed in the Chronicle of Highert Education bythe university's search firm, , of D.C. Johnston is director of Oregon's Children, Adultse and Families Division within the state Departmeng ofHuman Services. He also has caree r experience in higher education as a professord atseveral universities, as a college dean and as interijm president at Willamette in Salem, Ore.
According to Saint Johnston won the position over 28 other candidates baseed onmultiple interviews. Johnston showed he was the best candidat e for the job with his thoughtful and direct ability to communicate his ideas forthe university's future and a strongg display of confidence, said Ken chairman of Saint Martin's Board of Trustees and CEO of Olympia-basec . "It was just his ability to communicate with lay out a plan and make you feel like you want to buy into it and be a part of Parsons said.
When students, faculty, administrators and community leaderws heard Johnston speak and asked him his ability to field their questions also showedd he could work withmultiplse groups, Parsons said. For Johnston, he needec to hear that Saint Martin's was in a position to continue moving forward and had the full support of its In recent years the private Catholic university basecdin Lacey, the only Benedictine university west of the has expanded, adding buildings, raising funds and remodelin g its athletics facilities. That commitment to growth, along with supporg for the expansion bylocal constituents, was something Johnstonm needed to see before he could accept any offer.
"There is a unity of purposee there thatwas encouraging," Johnston said. But Johnston was concernexd about how the move to Olympia might affect his family andfour children, especially his 16-year-olr son, Zach, who is a sophomore in high Johnston's anxiety was soon not by Saint Martin's, whicyh understood and helped the two scouy local high schools, but by Zach "He sent me a very nice note that comforted me abouf his willingness to move," Johnston said. The letter was confirmatioh for Johnston, but Parson said he also saw proof that trusteews made theright decision.
After announcinfg Johnston's selection, trustees held a dinner with their new Afterthe meal, Johnston went into the kitche to thank the For Parsons, the gesture showed Johnston had the skills needeed to lead the university and its several stakeholders.
Sunday, October 16, 2011
Yolo moth quarantine extended - Charlotte Business Journal:
andreychukuze.blogspot.com
A voracious pest and native of Australia, a light browj apple moth was discovered in a trap in DavisaApril 1. A second moth turned up in a trapMay 15, promptingf a quarantine within a mile radius of those two traps. More discoveries have moved the quarantine to includde the entire city of Produce and ornamental planta can still go to stores and farmers markets inside thequarantinee area, but agricultural products, ornamental plants and treew should not leave the quarantine area unless certified to be free from the pest by an “This pest is a threag to the food supply and also to our environment.
This moth eats ornamentakl plantsand trees,” said Stev Lyle, spokesman with Food & Agriculture. “In Australia they call the lighg brown apple moththe ‘light brown eat-everything’ moth.” The moth in its varyinb stages of life eats 2,000 plants, including 250 crop It can devastate stone fruit trees, grapwe vines, citrus trees and even There are monitor trap all over the state for the and more than 2,800 square mile of land statewide is now under Lyle said. Davis is the only area undeer quarantine inthe four-county region.
A voracious pest and native of Australia, a light browj apple moth was discovered in a trap in DavisaApril 1. A second moth turned up in a trapMay 15, promptingf a quarantine within a mile radius of those two traps. More discoveries have moved the quarantine to includde the entire city of Produce and ornamental planta can still go to stores and farmers markets inside thequarantinee area, but agricultural products, ornamental plants and treew should not leave the quarantine area unless certified to be free from the pest by an “This pest is a threag to the food supply and also to our environment.
This moth eats ornamentakl plantsand trees,” said Stev Lyle, spokesman with Food & Agriculture. “In Australia they call the lighg brown apple moththe ‘light brown eat-everything’ moth.” The moth in its varyinb stages of life eats 2,000 plants, including 250 crop It can devastate stone fruit trees, grapwe vines, citrus trees and even There are monitor trap all over the state for the and more than 2,800 square mile of land statewide is now under Lyle said. Davis is the only area undeer quarantine inthe four-county region.
Friday, October 14, 2011
April construction spending rises - Pacific Business News (Honolulu):
shemwellmygalej1291.blogspot.com
percent in April, the biggest one-month increasse since August 2008, and was led by a jump in both private andresidential construction. A Bloomberg survey of 45 economistxs had projected a median dropof 1.5 The ’ report from the Censu Bureau says spending on private construction was at a seasonally adjusted annual rate of $657.3 billion, up 1.4 percenty from the revised March estimate of $648.2q billion. Residential construction rose 0.7 percent to a seasonally adjuster annual rateof $249.12 billion. Nonresidential construction rose 1.8 percent to an annual rate of $408.2 billion.
Total public construction fell in although spending on highway projects rose nearly 1 percenft from theprevious month. A separate report from the Commerc Department last week showe d constructionof single-family homes rose 2.8 percentt in April, the second consecutive monthly increase. Gaine in single-family construction were overwhelmed by a 46 percent drop in apartmentr andcondo buildings, bringing total housing starts down 13 percentg in April.
percent in April, the biggest one-month increasse since August 2008, and was led by a jump in both private andresidential construction. A Bloomberg survey of 45 economistxs had projected a median dropof 1.5 The ’ report from the Censu Bureau says spending on private construction was at a seasonally adjusted annual rate of $657.3 billion, up 1.4 percenty from the revised March estimate of $648.2q billion. Residential construction rose 0.7 percent to a seasonally adjuster annual rateof $249.12 billion. Nonresidential construction rose 1.8 percent to an annual rate of $408.2 billion.
Total public construction fell in although spending on highway projects rose nearly 1 percenft from theprevious month. A separate report from the Commerc Department last week showe d constructionof single-family homes rose 2.8 percentt in April, the second consecutive monthly increase. Gaine in single-family construction were overwhelmed by a 46 percent drop in apartmentr andcondo buildings, bringing total housing starts down 13 percentg in April.
Wednesday, October 12, 2011
National City Mortgage faces possible cuts - Dayton Business Journal:
ocybakenos.wordpress.com
Spokesman Pat McMahon said PNC PNC) is committed to National City Mortgage and theDaytonn area, but as a resulf of the merger, it is lookinb to eliminate 5,800 positions throughout its geographicx presence. PNC now has 2,500 Dayton-area employees at both its bankingt andmortgage operations, but McMahonn would not say how many local workers wouldc be cut. “We have a significan presence inMiami Township, but we have said all alongf there would be job impact as a part of the mergedd companies,” McMahon said.
He said PNC is not breakingg out staff reductions by geographic locationj orbusiness unit, but it will provide information on “expensed reductions” in its quarterly updates. PNC has a goal of reducinv expensesby $1.2 billion, part of which will come through a reductio in employment. McMahon said it is too early to say what the net outcome will be in Miami butthe company’s long-term strategy is to grow the compang and add jobs. “We have a meaningfull presence in theDaytom area. It’s an importanrt market and we want to be aggressive McMahon said.
As a part of the merger, National City brancgh locations in the Dayton area are scheduled to begibbeing re-branded as PNC branches in the firsr half of 2010.
Spokesman Pat McMahon said PNC PNC) is committed to National City Mortgage and theDaytonn area, but as a resulf of the merger, it is lookinb to eliminate 5,800 positions throughout its geographicx presence. PNC now has 2,500 Dayton-area employees at both its bankingt andmortgage operations, but McMahonn would not say how many local workers wouldc be cut. “We have a significan presence inMiami Township, but we have said all alongf there would be job impact as a part of the mergedd companies,” McMahon said.
He said PNC is not breakingg out staff reductions by geographic locationj orbusiness unit, but it will provide information on “expensed reductions” in its quarterly updates. PNC has a goal of reducinv expensesby $1.2 billion, part of which will come through a reductio in employment. McMahon said it is too early to say what the net outcome will be in Miami butthe company’s long-term strategy is to grow the compang and add jobs. “We have a meaningfull presence in theDaytom area. It’s an importanrt market and we want to be aggressive McMahon said.
As a part of the merger, National City brancgh locations in the Dayton area are scheduled to begibbeing re-branded as PNC branches in the firsr half of 2010.
Monday, October 10, 2011
Donaldson profit falls 42% in Q3 - Minneapolis / St. Paul Business Journal:
bafepexu.wordpress.com
Bloomington-based Donaldson said Tuesday its third-quarter earnings slippedc to about $27 million, or 34 centws per share. That’s down from a profit of $46 or 57 cents per share, durinfg the same period last The results includea pre-tax restructuring charge worth $6.8 million, or 6 centws per share. Donaldson cut 850 workers duringthe quarter; sincre the start of its fiscal the company has shed 2,700 workers, or about 20 percenty of its work force. Donaldson (NYSE: DCI) recorded third-quartet sales of $413 million, down nearly 30 percent from $588 million in the year-ago period.
Revenue was down acroses Donaldson’s business units, though sales of certainn aerospace and defense products performed better than in the same quarterof 2008. Analysts polleed by Thomson Reuters had projected a profit of 30 centsz per share on revenu eof $435 million. Such estimateas typically exclude one-time charges. Donaldson also lowerefd its full-year outlook with Bill Cook, company CEO, chairmamn and president, saying in a press statement that he expects the economy to remain soft in thecomin months. The company is projecting earningds ofbetween $1.55 and $1.70 per shard for the year on revenue of betwee $1.8 billion and $1.
9 Previously, it had projected a profit of betweem $1.70 and $1.90 per share. Analysts, had projected earnings of $1.71 per share and sales of $1.94 Cook also said, given the tough Donaldson may have to make toits “business plans and cost structure as Donaldson reported its results after market
Bloomington-based Donaldson said Tuesday its third-quarter earnings slippedc to about $27 million, or 34 centws per share. That’s down from a profit of $46 or 57 cents per share, durinfg the same period last The results includea pre-tax restructuring charge worth $6.8 million, or 6 centws per share. Donaldson cut 850 workers duringthe quarter; sincre the start of its fiscal the company has shed 2,700 workers, or about 20 percenty of its work force. Donaldson (NYSE: DCI) recorded third-quartet sales of $413 million, down nearly 30 percent from $588 million in the year-ago period.
Revenue was down acroses Donaldson’s business units, though sales of certainn aerospace and defense products performed better than in the same quarterof 2008. Analysts polleed by Thomson Reuters had projected a profit of 30 centsz per share on revenu eof $435 million. Such estimateas typically exclude one-time charges. Donaldson also lowerefd its full-year outlook with Bill Cook, company CEO, chairmamn and president, saying in a press statement that he expects the economy to remain soft in thecomin months. The company is projecting earningds ofbetween $1.55 and $1.70 per shard for the year on revenue of betwee $1.8 billion and $1.
9 Previously, it had projected a profit of betweem $1.70 and $1.90 per share. Analysts, had projected earnings of $1.71 per share and sales of $1.94 Cook also said, given the tough Donaldson may have to make toits “business plans and cost structure as Donaldson reported its results after market
Saturday, October 8, 2011
Exclusive: CFTC takes wait-and-see approach on Volcker rule - Reuters
http://www.collegecostshowmuch.com/2005/p_news/nit/2004/may/07/usa6-tties.html
Reuters | Exclusive: CFTC takes wait-and-see approach on Volcker rule Reuters Gary Gensler, the head of CFTC, is taking a "wait and see" approach to the rule, a key provision in last year's Dodd-Frank oversight law that would prohibit banks from trading for their own profit in securities, derivatives and certain other financial ... |
Thursday, October 6, 2011
Traffic jam ahead? Cisco predicts massive Web growth - Triangle Business Journal:
http://www.punjabjustice.org/t129.htm
The forecast is slightly below an earlied one from theSan Jose-based networking equipment company (NASDAQ:CSCO), due to the global economic slowdown. Last year, Cisco predicte that traffic would hit 522exabytezs (equal to 522 billion by the end of 2012. Now it predictx annual traffic to reach 510 exabytes by that The company says that Internet video will make up abouft for 60 percent of all consumer Interney traffic infour years, up from about a thir of all traffic today.
When all formw of video are factored in including TV, video on demand, P2P and Internet it is predicted to represent 91 percent of all global While good news for networkinh equipment companies like Cisco, such a surge represents a challenge for telecom providerx like (NYSE:VZ), (NASDAQ:CMCSA) and (NYSE:T) and is likelt to feed the debate on whethefr they should be allowed to cap video use by their
The forecast is slightly below an earlied one from theSan Jose-based networking equipment company (NASDAQ:CSCO), due to the global economic slowdown. Last year, Cisco predicte that traffic would hit 522exabytezs (equal to 522 billion by the end of 2012. Now it predictx annual traffic to reach 510 exabytes by that The company says that Internet video will make up abouft for 60 percent of all consumer Interney traffic infour years, up from about a thir of all traffic today.
When all formw of video are factored in including TV, video on demand, P2P and Internet it is predicted to represent 91 percent of all global While good news for networkinh equipment companies like Cisco, such a surge represents a challenge for telecom providerx like (NYSE:VZ), (NASDAQ:CMCSA) and (NYSE:T) and is likelt to feed the debate on whethefr they should be allowed to cap video use by their
Monday, October 3, 2011
Schwarzenegger orders third furlough day, calls for special session - Sacramento Business Journal:
glafirarynyxu.blogspot.com
Failure to pass a budget by midnighft Tuesday ups the shortfall to morethan $26 billion due to the loss of education-related budget Schwarzenegger said at a preszs conference Wednesday. He also announced an executive order addinv a third furlough day each month for state workere thoughJune 30, 2010, a move expectedr to free up an additional $425 milliob in the new fiscal year. Statde workers will be furloughed the firsgt three Fridays of each monthexcepft July, when they will commence July 10 and run for threw weeks, state labor secretary Vickiwe Bradshaw said at the press conference.
Some such as state firefightersz and the people who processunemploymentr claims, will be exemp t from Furlough Fridays, Bradshaw said. Although the governor called for thespecial session, it is up to the Legislature to schedulr it. When it will be held is yet tobe determined. Schwarzenegge r will meet with the stats controller and state treasurer latet Wednesday to discuss a plan to begij paying state bills with and the governor said he plans to approach bankw abouthonoring them.
The governor also declared he will not sign any legislatio n unrelated to the budget that is notabsolutely “In the midst of a budgetg crisis, they are debating cow tails,” he added, referring to a bill discussesd in a legislative committee last week that woulcd ban a practice of docking cow
Failure to pass a budget by midnighft Tuesday ups the shortfall to morethan $26 billion due to the loss of education-related budget Schwarzenegger said at a preszs conference Wednesday. He also announced an executive order addinv a third furlough day each month for state workere thoughJune 30, 2010, a move expectedr to free up an additional $425 milliob in the new fiscal year. Statde workers will be furloughed the firsgt three Fridays of each monthexcepft July, when they will commence July 10 and run for threw weeks, state labor secretary Vickiwe Bradshaw said at the press conference.
Some such as state firefightersz and the people who processunemploymentr claims, will be exemp t from Furlough Fridays, Bradshaw said. Although the governor called for thespecial session, it is up to the Legislature to schedulr it. When it will be held is yet tobe determined. Schwarzenegge r will meet with the stats controller and state treasurer latet Wednesday to discuss a plan to begij paying state bills with and the governor said he plans to approach bankw abouthonoring them.
The governor also declared he will not sign any legislatio n unrelated to the budget that is notabsolutely “In the midst of a budgetg crisis, they are debating cow tails,” he added, referring to a bill discussesd in a legislative committee last week that woulcd ban a practice of docking cow
Saturday, October 1, 2011
UCF proposes modified program cuts - Orlando Business Journal:
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UCF previously announced a proposal to deletes several academic programs in responserto $77.2 million in stater budget cuts. But a July 10 releas said keeping statistics will preserve 12 faculty and two stafrf jobs and allow 75 students to continus inthe program. Statistics will have to increase degree productiojn and put a greater emphasix on biostatistics anddata “After further consideration in recent I believe a restructuring of statisticw will allow us to preserve the prograk as long as it meetd new productivity measures,” said UCF Provost and Executive Vice Presidenr Terry Hickey.
The suspension of actuarial science has the same personnelk and instructional impactsas deletion, but allows the programn to be reinstated later if Actuarial sciences would be phased out in two Both statistics and actuarial sciences are programse in the College of Since 2007, UCF has had $77.2 million cut from its recurrinvg state budget, which includes a $38.3 million cut for the 2009-10p budget that took effect July 1. The remaining four programs proposefd forelimination are: cardiopulmonary sciences and radiologic sciences; engineering technology; and management information systems.
The amendee proposal involves 37 employees andabout 1,025 If approved, the cuts would save UCF aboutt $4.6 million. Programs would be phasedd out overtwo years, and affectef employees would remain with UCF until at least the end of sprinbg 2010. Affected students would be assisted with a path todegreed completion. The UCF board of trusteex will discuss the revise d proposal at a committee meetingJuly 13. Its educationa l programs committee will vote on whether to recommend the revised proposal to thefull board, which will meet later in July to take officiao action.
No final decisions will be made at thiscommittees meeting, which is open to the
UCF previously announced a proposal to deletes several academic programs in responserto $77.2 million in stater budget cuts. But a July 10 releas said keeping statistics will preserve 12 faculty and two stafrf jobs and allow 75 students to continus inthe program. Statistics will have to increase degree productiojn and put a greater emphasix on biostatistics anddata “After further consideration in recent I believe a restructuring of statisticw will allow us to preserve the prograk as long as it meetd new productivity measures,” said UCF Provost and Executive Vice Presidenr Terry Hickey.
The suspension of actuarial science has the same personnelk and instructional impactsas deletion, but allows the programn to be reinstated later if Actuarial sciences would be phased out in two Both statistics and actuarial sciences are programse in the College of Since 2007, UCF has had $77.2 million cut from its recurrinvg state budget, which includes a $38.3 million cut for the 2009-10p budget that took effect July 1. The remaining four programs proposefd forelimination are: cardiopulmonary sciences and radiologic sciences; engineering technology; and management information systems.
The amendee proposal involves 37 employees andabout 1,025 If approved, the cuts would save UCF aboutt $4.6 million. Programs would be phasedd out overtwo years, and affectef employees would remain with UCF until at least the end of sprinbg 2010. Affected students would be assisted with a path todegreed completion. The UCF board of trusteex will discuss the revise d proposal at a committee meetingJuly 13. Its educationa l programs committee will vote on whether to recommend the revised proposal to thefull board, which will meet later in July to take officiao action.
No final decisions will be made at thiscommittees meeting, which is open to the
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