Les transferts du 9 mars 2011 La Tribune.fr Auparavant, il a notamment participé au lancement de la marque 7 de Cegetel et créé la direction de la communication de Valeo Service pour l'Europe. Arnaud de Weert est nommé CEO. Il est en charge des divisions Global ATI, Specialty Sheet et Extrusions ... |
Thursday, March 31, 2011
Les transferts du 9 mars 2011 - La Tribune.fr
Wednesday, March 30, 2011
Most Eddie Bauer stores to stay open - Wichita Business Journal:
The company announced that it struck an agreemen t withNew York–based private equity firm LLC to buy Eddiwe Bauer’s assets, subject to an auction and bankruptcu court approval. CCMP Capital intends to operate the businessd as a going concern with littlee orno long-term debt. According to Eddi Bauer, CCMP Capital has agreed to keep a majority of the 371 storea open and retain a majority ofthe employees. CCMP Capitall specializes in buyouts and looks for investmenr opportunities in retail andother sectors, and have made investmentd in the outdoors specialty retailer Cabela’s, whichj sells hunting, fishing and camping gear.
Eddi e Bauer said it hopes to operate business as usuakl during bankruptcy court proceedings and has asked for cour t approval to continue paying vendorsand workers. The companyy also said it intends to honor customergift cards, returnss and loyalty program points. The company also announced that it has secureds a commitment from its existingy revolvingcredit lenders, Bank of N.A., and /Business Credit, Inc. for so-calledx debtor-in-possession (DIP) financing of $90 million on an interim basisand $100 million based on the finall court order. The move, the company said, should provide it with ample cash flow to continue payinghits bills.
“Eddie Bauer is a good companyt with a great brand and a bad balance This process will allow the business to emerge with far less positioned for growth as the economt recovers and as our new productsxgain traction,” said Neil Fiske, Eddiee Bauer president and chief executive officer, in a “We expect this process to be complete d very quickly, protecting our employees and critical vendorf partners every step of the way.
“We have made good progressx on our turnaround strategy of returninf Eddie Bauer to its heritage as an active outdoorf brand and have exciting new product launche s on the wayto market, including Firstf Ascent, our return to expedition-grad outerwear and gear. a crushing debt burden placed on the company from the Spiegel reorganizatiobnin 2005, combined with the severe, prolonged have left us with no choice but to use this processw to reduce the debt load on the
Monday, March 28, 2011
Beige Book: Southeast economic decline moderating - Silicon Valley / San Jose Business Journal:
Sales and consumer traffic remained at low levelas inlate spring, but in line with modesg expectations, according to Southeastern retailers. future sales outlook remainer subdued. Most regional auto dealers noted furthee declinesin sales, with several pointingt to reduced credit availability and industry uncertaintyt as reasons for the poor results. Reportsw from Realtors indicated existing home sales werestabilizin overall. Homebuilders noted new home inventories were trending down ona year-over-yeard basis as construction remained at low levelas and new home sales improved modestly. Home salea prices continued to decline according tomost reports.
Commercial real estate activity remained Vacancy rates continued to rise in many parts of the putting downward pressureon rents, most notably in the retail Contractors reported more projects beint postponed or canceled. Commercial real estate playerws anticipate more space will become vacanrt in the coming months and that construction will continue to Most Southeastern manufacturers said the rate of decline in productioj and orders moderatedin April. For the cominh months, most in manufacturingy noted more optimism about future productionand employment. Severakl business contacts reported difficulty meetintg financing needs because of restricted availabilityof credit.
Roughly one-quarter of non-autl retailers and one-third of non-financial/non-retail contactzs cited some difficulty obtaining loans forinventory purposes. Auto dealers, in particular, said that obtaininy vehicle inventory financing was very Banking contacts continued to indicate generally low levelw of demand for new loan and increased use of existing linesof credit. Labor marke t conditions continued to be Many firms reported additional cuts in hours or had instituter mandatory unpaid days off forsome However, the pace of layoffs appears to have slowed, as fewer firms reported layoffs than earlie in the year.
Saturday, March 26, 2011
Banks move on plans to stimulate housing market - The Business Review (Albany):
Full details of the Obama administration’ss Homeowner Affordability and Stability Plan will be release dMarch 4. But observers say the program, whicg will make it easier for people to refinanc e even if their house is worthg less thantheir principal, could apply to relativelyu few area homeowners. “Upstate New York is not a target markeg for this typeof program,” said John CEO of . He pointed to the area’ds stable housing values and lackof “exotic” loans. Koelmelo said Lockport-based First Niagara already works with customera whofeel stretched, and “I won’t defetr to the details of any specific governmenyt plan.
” Other area banks have embarkex on their own efforts to stimulates and stabilize the local housing market. Sistera and are offering a totalof $60 million in reduced-ratew mortgages. Pittsfield, Mass.-based plans to make a totalo of $300 million in mortgage and home equityh loansin 2009. “These programs can make a difference,” said Michaeol Daly, CEO of Berkshire, which has 10 area “If those of us who are closde to the ground take the we can have as much impact as any government Berkshire will roll out its programMarchb 16, and is still workingg out the details.
The mortgage effort is part of $500 million “community investment that also includes free credit counseling and lendinvg to businessesand nonprofits. Daly said the effort should increasdthe bank’s lending by about $50 million from 2008 levels. As part of the mortgaged push, Berkshire will work with homebuilderxs in each of its four markets to create a data base of availablde homesand lots. People who purchase one of those propertiez will be eligiblefor “preferred” mortgaged terms and reduced closing costs. Berkshire received $40 millionb through the Treasury Department’s Capitak Purchase Program, but Daly said the bank woul have upped itslending anyway.
“It is our socia obligation,” he said. Neither Saratoga National nor GlensFalla National, both subsidiaries of of Glens accepted treasury money. Ray president of Saratoga National, said the banks want to act with “nl impact on the and no bureaucracy.” Saratogaq National has set aside $10 million for reducer rate mortgages inSaratoga County. Glen s Falls National has committedto $50 million in low-cost loans in its service area, which stretchesa from Warren County to the Canadian border. In both mortgages will be offered ata quarter-point below the bank’s regular rate.
Home buyers also will receivd rebates—$300 at Saratoga National and $500 at Glenas Falls National—on their closing costs.
Thursday, March 24, 2011
Analysis contends film study overstates industry
A new analysis by the chief economist of the LegislativeFinancew Committee, or LFC, argues that overstated the economic impact of the state’es film production tax credit. That study, commissioned by Gov. Bill Richardson’s office, found that for every $1 in tax state and local governmentsreceived $1.50. An earlier study by the at , commissioned by the LFC, foundc that New Mexico gets about 14.4 cents in tax revenus for every dollarit spends. Criticws have said that report did not captured the total economic impact of the The two studies came to such differen t conclusions that a House committer wanted them examinedmore closely.
The criticismsx also appeared in a memo from Film Commissionetr Lisa Strout that criticized the new LFC analysisw sent to the LFC andits Chairman, Sen. John Arthud Smith, D-Roswell, and Vice Chairman, Rep. Luciano “Lucky” D-Santa Fe. Norton Francis, the LFC’s chiecf economist, said the LFC was asked to do the analysisw by the House Finance Committee as part of the budgeg hearings for the EconomicDevelopment Department. Smithy made an attempt last year to capthe incentives, but was He said that given othert priorities this year, it’s not an ideakl time to press the issue. But that might change if the state’e financial situation doesn’t improve.
LFC stafg have raised concerns in the past over the rapid increasde in thetax credits, which will probabl rise to $60 million this “Next year, if our economy hasn’t we’ll grasp at every straw,” he said. That mightr mean making concessions, like a cap on the incentives, or risk losinhg them entirely. “I told some people you better finda 50-yarc line you can live Smith said. Francis said there is no doubt that the film credity has produced jobs and income inNew Mexico.
“It’ whether the 25 percenf [tax credit] pays for itself in state revenuexsor not,” he Francis’ analysis singles out three specific featurex of the Ernst & Young study for criticism: A reliancee on a very high income for film the inclusion of one-time capital expenditurees and a survey of touristz in New Mexico. The Arrowhead studyg used data fromthe . EY’s studg relied on surveys done by two independent polling firmss of industry stakeholders and data submittedx by productions to theFilm Office. Arrowhead researchers, using IMPLAN data modeling to estimate direct came up with a much lower number for how many jobs came fromdirecf expenditures.
Strout notes that for 21 filmzs shot inNew Mexico, data submitted by productions to the indicat e total expenditures of $233 million and totakl New Mexico wage and salarg labor expenses of $155 million. The Arrowhead study estimated direct laboer incomeof $31 million for $153 million in qualifie d expenditures using IMPLAN to estimate the employmentr from direct film industry expenditures. EY also had accessx to a new study by the Tourisn Department on the impact of the film industryu on tourism that Arrowhead didnot have. EY found that touris m based on film created direct economic activityof $166 million, but Francie noted this might be too high given how the studyh was conducted.
Francis also criticized the inclusion by EY of the facilithy as a capital expenditure since it wasa “one-timer event.” But Strout said that has been the catalysft for many other facilities that have openexd or plan to open here, including a planned studio in Santa Fe. One of the most persistent criticisms of the Arrowheafstudy vs. the EY study is that Arrowheax did not include local government revenues generatedf by thefilm industry. Eric Witt, deputy chief of stafc for Gov. Bill Richardson, has maintainedd that the Arrowhead analysis of the film industr y is incomplete and providezs a misleading picture of the true impacrt of thefilm industry.
This latesf analysis does not help fosterinformedc discussion, he added. “There are, in fact, legitimates policy and fiscal discussions to be had aboutthesr programs,” he said. “But this isn’t the way to do it.”
Tuesday, March 22, 2011
Spiceworks to Provide Insight from World's Largest Social Business Network for ... - Business Wire (press release)
Spiceworks to Provide Insight from World's Largest Social Business Network for ... Business Wire (press release) The session will explore insights gleaned from collective data of millions of businesses and review how the IT workday and the social graph are colliding to transform how $1 trillion in technology products are marketed and sold each year. ... Spiceworks to Provide Insight from World's Largest Social Business Network for ... |
Sunday, March 20, 2011
Proposed rules to aid defenseless players might hinder Big Ben - Pittsburgh Post Gazette
Tbo.com | Proposed rules to aid defenseless players might hinder Big Ben Pittsburgh Post Gazette NEW ORLEANS -- The new safety rules the NFL likely will pass this week could hurt the Steelers and not because they seem aimed at linebacker James Harrison. The more stringent rules designed to protect ... NFL owne! rs to address player safety |
Friday, March 18, 2011
Sierra College program gets $1M endowment - Dallas Business Journal:
The college’s program, also known as OLLI, received the $1 milliomn endowment from the BernardOsher Foundation, which is the organizatio n that has provided initial funding to OLLI programs at 122 college s and universities nationwide. Sierra College is the only communitt college in California and one of only three communityu colleges in the nation to receivethe $1 million endowment. The Rocklin college received the endowmenrt because it has been so successful with growing enrollment since launching the progranm in springof 2001. Sierra College has grown the programto 5,58p0 enrollees last year, from 1,039 in 2001. Sierra College is scheduled to formally announcew the endowmentJune 18.
This $1 million endowment will provides an ongoing budget that will enables the college to offer lifelong learninyg programsin perpetuity. The foundation createfd by San Francisco philanthropistg Bernard Osher gives OLLIprograms $100,000 a year for up to four and then a $1 million endowment once they demonstratse potential for success and sustainability. OLLI programs provide lectures and events to older adults who have a thirsg for knowledgeand community. The classeas are designed for adults age 55 and but the Sierra program accepts anyadult student.
Coursee are offered at each of the Sierra College campuses and at various communitty sites throughout Placer and Nevada Sierra College’s OLLI noncredigt offerings are tuition-free. Additional topics are offered throughyClub OLLI, where annual membership fees are $35. As the Busines Journal reported in a feature on localp OLLI programsin 2007, other OLLI programs can be found at California State University Sacramento and at the UC Davis Much of the increased demaned for OLLIs and similar lifelong learnint programs can be attributed to the growing ranks of older Americans.
Tuesday, March 15, 2011
Sunday, March 13, 2011
Menswear store Harleys moving to Lakewood Building - Washington Business Journal:
Owner Tim Ryan had said late in 2008 that he was planning to remodel and cut 50 percenr ofthe store’s floor spac at 4009 N. Oakland Ave. However, Ryan announces Tuesday the store will relocate toa 4,100-square-foot space in the Lakewoods Building, 3575 N. Oakland Ave., in Ryan, who owns Harleys with his wife, said he wanted to stay in “This is our home and we are deeplyg committed tothe community,” he Ryan said one of the advantages of the new site is off-streeg parking. The Lakewood Building, a mixed-use residential/commerciall property constructedin 1962, is undergoing a $1.2 million The building is owned by Garrett McIntosh.
Harleyz has contracted with architect Stephen Bollingbroke of Development Collaborativee Limited in Mequon to do aninteriotr buildout. The village of Shorewood providec financial incentives to both the building owner and Harleys to improve the facadwe and interior space of theLakewood Building.
Thursday, March 10, 2011
Survey: Houston not as sweaty as San Antonio, Dallas - Houston Business Journal:
Houston was named the No. 5 sweatiest following San Antonioat No. 2 and Dallas at No. 4. Old Spicd estimated that the three along with list rankersEl Waco, Austin and Corpus produce more than 1.3 million gallons of sweat each summerf — enough to fill the 400,000-gallon Dolphin Bay at the Texasd State Aquarium more than three times. Phoenixx took the “Undisputed Sweatiesrt City” prize for the fifth year in a row thanke to its average summer temperature of 94 degrees and the average residen sweat productionof 27.7 ouncesd of sweat per hour enough to fill more than two soda Las Vegas was at No. 3.
The Sweatiestr Cities rankings are based on computer simulations of the amount of swea a person of average height and weight would produce walkingv around for an hour in averagssummer temperatures, based on historical weathed data for each city during July and August from 2001 to 2008.
Tuesday, March 8, 2011
G Line: Perfectly Tailored - Autochannel (press release)
AutoSpies.com | G Line: Perfectly Tailored Autochannel (press release) ROLLE, SWITZERLAND â" March 8, 2011: Comprising saloon, coupé and convertible body styles, rear-wheel-drive or » |
Saturday, March 5, 2011
Thursday, March 3, 2011
Bio bucks - The Business Journal of the Greater Triad Area:
Peter Ferris, president of medical devics manufacturer Charter Medicalin Winston-Salem, offers one example. Sure, he’ s worried about the economy, but he also sees opportunitiez in stem cell research that are increasing alonfg with demand for sturdy plastic storage containers to replacse expensive steel containers in thebiopharmaceutical industry. Charter, whicg has traditionally focused on blood transfusion device s andfiltration media, stands to profit from those opportunities and if it’s ready.
So despitw the caution demanded by theprecariouss economy, Ferris’ company is investing heavily in research and developmentr and in the infrastructure needed to support it, such as a sizeabl e expansion under way now of the “clean at its Westpoint Boulevard where about 100 employees work. “That’s being driven by new productg developmentand R&D, and by wanting to go into a broadeer range of products,” Ferris said. He declined to give specifixc figures, but he said the company is spending more on capitap projects this year than in the past fiveyearsx combined, and it is also investinyg in research staff expertise.
“We’ve adde five engineers in the past 18 For a companyour size, that’s pretty Ferris said. One of the results is a new product launcheclast November, Cell-Freeze, a cryogenic storage container for stem No line-item expense, including R&D, is completely immune from the effectws of the recession, but high-tech firms in the Triac and around the country are tryiny to stay as far out on the cuttinf edge of their industries as possible, hoping innovation can provide some shelter from the curreny storm and pay off handsomelyt when the rebound comes. A Wall Street Journal analysix of the 28largest R&D-heavy firms nationwided found research spending down by 0.
7 percenf in the last quarter of 2008, even though revenues were down 7.7 Most of the tech firm in the Triad don’t publiclhy release such data. But several, especiallt those in the life sciences where the research process can take are keeping up or increasin gtheir pace. Winston-Salem-based , for example, increasef its R&D spending by about $800,000 to $10.6 million in the fourth quarter, compared to a year The company has several potentiapl drugs aimed at diseases of the centrao nervous system in clinical and at this point generatew most of its revenue from researchy partnerships with big pharma companies like GlaxoSmithKlinweand AstraZeneca.
It’s a similar story at High Point-basef Pharma, which also is developing drug candidates in partnershilp with Pfizerand others. TransTech is privatelu held and Chief Financial Officef Steve Holcombe declined to givespecific figures, but he said TransTechu has not been cutting back its research. “The wholre pharma industry is basedon R&D,” Holcombe said. “Our revenuer model is based on finding something and then sellinbg it orlicensing it, so we’re only goin g to be as successful as the drugs we’rwe working on.
” At Greensboro-based Novartis Animal Health, Vice President of Research and Development Gary Boschu said his budget is tied more closely to the company’ss long-term outlook than to its quarter-to-quarter results or those of its Swissd parent company, That outlook is strong, Bosch said, so R&s spending is steady. He declined to shar figures for Novartis AnimalHealth specifically, but Novarti s Corp. overall saw researcg spending decline by just a fractiomn in the fourth quarter of from $1.85 billion a year earlier to $1.
83 Bosch wouldn’t say how many of Novartis Animal Health’zs 220 local employees are involved in but he said his goal is to increaser R&D spending as a percentage of sales over One key to making that investment worthwhile in any kind of economyt is putting an emphasis on moving products with commercial potentialp to the finish line quickly. “You have to have a long-terj outlook,” Bosch said. “But you also have to be sure that the productas you have that are close to market are onesthat you’rer concentrating on getting all the way through the process.
” For some Tria d tech firms, recessionary R&D becomes a lesson in doing more with That’s the case for Greensboro wirelesws chip maker , which has been hit hard by the drop in demandc for cell phones and has had to let go about 600 local employees over the past year. The layoffs were part of an overallp effort to cut expensesthat didn’t spars R&D. Spending dropped noticeably in the quarter endingin December, from $53.9 million a year earlierd to $38.6 million.
Executive Vice President JerrhyNeal couldn’t share any R& spending numbers from the March quarte before the company formally reports them later this But he said the drop in spending does not signifu a reduced emphasis on He said, in fact, the company planw to introduce more than 100 new products this the most in any year in its RF Micro is doing so by being more Neal said. The company is in the midst of an effort toboost “engineering velocity” by streamlinint communications between far-flung scientists and consolidatinbg various databases so all researchers can have access to the same technical data at the same time a “single point of truth,” Neal called it.
“The lifeblooe of our business is the introduction of new andinnovativre products,” Neal said. “We’re going to be able to do more of atlower costs.”