Carrefour CEO stepping down, replacement named Boston.com PARISâ€"The chief executive of Carrefour SA is to be replaced by a veteran French clothing retailer after a string of profit warnings sent the French retail giant's share price tumbling. Lars Olofsson will be replaced by clothing retail executive ... |
Monday, January 30, 2012
Carrefour CEO stepping down, replacement named - Boston.com
deeshu-tatum.blogspot.com
Saturday, January 28, 2012
Mayor to speak at LahainaTown Action Committee Annual Meeting - Lahaina News
vanbeekdulejos1771.blogspot.com
Mayor to speak at LahainaTown Action Committee Annual Meeting Lahaina News The public is invited to gather at the Pioneer Inn Courtyard at 5 pm Light pupus will be offered with refreshments, and a no-host open bar will be available. LahainaTown Action Committee invites West Side residents to come meet the group's board ... |
Thursday, January 26, 2012
Critics call out Cincinnati Yellow Pages deal - Business Courier of Cincinnati:
xagawu.wordpress.com
, a Denver company that has owned the rightsw tothe region’s largest Yelloaw Pages product since 2002, blames the delay on printer changeas and organizational restructuring. Aboug 140 of its 900 directories are being delayed Cincinnati is the largestmarket “It’s a stinking deal,” said Brenda Hacker, controlleer for in Clermont Hacker was planning to downsize her company’sz ad in a directory she thought would be publishedf in June.
When she called the company in May to confirmnthe change, she was told it was exercisingh its contractual right to extend last year’s Hacker said it will cost her companyg an extra $700 each “It’s just not right, what they’re doing to people,” she Local Insight spokeswoman Pat Nicholsd said 75 percent of its 10,000 local customers will be unaffecte d by the delay. Thosed are companies that plan to maintain the same ads they had last year or Local Insight CEO Scott Pomeroy is asking business ownersz angered by the delay to callthe company’e customer service line, (888) 237-8570, althougyh it’s not clear what steps the company will take to addresx concerns.
“If the product’s not delivering value to our customer service department is prepared to talk tothosde folks,” Pomeroy said. “I think it’s evaluated on a case-by-case basis.” The directory delay comesz at a time of turmoil for Yellow Pages publishers The recession is accelerating a trend that has long threatened theindustry – the shift of so-calledf “directional advertising” from print publications to online searchu engines and mobile phones. The , a subsidiarh of , is projecting total revenued will shrinkto $11 billion for Yellow Pages publishers by down from $14.4 billion in 2008.
A year ago, the Kelset Group was forecasting a compound annual growt h rate for the industryof 4.5 Now, it’s minus 5 “The recession has driven pring so deeply negative,” said Charles Laughlin, senior vice president and progranm director of the Kelsey Report. Laughlinm said growth in digital revenue mightf never make up for sale s lost inprint publications. “Those who downsize, will they starty spending again once thesmoke clears? It’d probably next year before we know,” he said. Laughlin said most of the nation’ds largest Yellow Pages markets are seeing revenue dips of more than 20 percentrthis year.
Pomeroy declined to reveal numbers for Cincinnati but said the revenus dropis “nowhere near” 20 percent here. He said companywide revenue was flatin 2008, standing at roughly $700 Laughlin declined to reveal Kelsey’xs future outlook for Cincinnati, which is dominater by Local Insight but includesz a second directory, the Yellow Book, published by of England. The industry’s major players, including spinofvf Idearc andthe better-known , are strugglinbg through the recession with heavy debt Local Insight also has leverage but its focus on smaller markets has helper temper the impact of the recession on the company, said Emilw Courtney, a credit analyst for ’s.
“Idearc has filedd for bankruptcy, and Donnelley has missed interest payments on debt withvarioues entities. Local Insight has not. From a strict financial-metrics point of view, they’re the healthietr of the three,” Courtney said. S&P revisef to “negative” its outlook on Local Insight but retained a rating on its corporate debt in a Marchg31 report. At leas t one of the company’es local customers has a less positive outlook. “I thinkj they’re really in trouble.
The phonre book is a dinosaur, and nobody’s using it any said Vicky Bezak, exclusive marketing agent for Bezak estimatee the directory delay would cost hercompany $300 a month – if she pays it. “I’m goingh to call Cincinnati Bell and tell them that my contracytwith (Local Insight) terminatez on June 1, and I’m not paying the ad costs listed on my curren t bill because I didn’t renew it,” she Cincinnati Bell serves as the billing agent for Local Insightt and permits the use of its brandx name as part of a rights agreement signed when it sold its Yellow Paged company, , in 2002.
But Cincinnati Bell is not involved inthe company’x operations otherwise, according to Lisa McLaughlin, a publi c relations consultant for Bell.
, a Denver company that has owned the rightsw tothe region’s largest Yelloaw Pages product since 2002, blames the delay on printer changeas and organizational restructuring. Aboug 140 of its 900 directories are being delayed Cincinnati is the largestmarket “It’s a stinking deal,” said Brenda Hacker, controlleer for in Clermont Hacker was planning to downsize her company’sz ad in a directory she thought would be publishedf in June.
When she called the company in May to confirmnthe change, she was told it was exercisingh its contractual right to extend last year’s Hacker said it will cost her companyg an extra $700 each “It’s just not right, what they’re doing to people,” she Local Insight spokeswoman Pat Nicholsd said 75 percent of its 10,000 local customers will be unaffecte d by the delay. Thosed are companies that plan to maintain the same ads they had last year or Local Insight CEO Scott Pomeroy is asking business ownersz angered by the delay to callthe company’e customer service line, (888) 237-8570, althougyh it’s not clear what steps the company will take to addresx concerns.
“If the product’s not delivering value to our customer service department is prepared to talk tothosde folks,” Pomeroy said. “I think it’s evaluated on a case-by-case basis.” The directory delay comesz at a time of turmoil for Yellow Pages publishers The recession is accelerating a trend that has long threatened theindustry – the shift of so-calledf “directional advertising” from print publications to online searchu engines and mobile phones. The , a subsidiarh of , is projecting total revenued will shrinkto $11 billion for Yellow Pages publishers by down from $14.4 billion in 2008.
A year ago, the Kelset Group was forecasting a compound annual growt h rate for the industryof 4.5 Now, it’s minus 5 “The recession has driven pring so deeply negative,” said Charles Laughlin, senior vice president and progranm director of the Kelsey Report. Laughlinm said growth in digital revenue mightf never make up for sale s lost inprint publications. “Those who downsize, will they starty spending again once thesmoke clears? It’d probably next year before we know,” he said. Laughlin said most of the nation’ds largest Yellow Pages markets are seeing revenue dips of more than 20 percentrthis year.
Pomeroy declined to reveal numbers for Cincinnati but said the revenus dropis “nowhere near” 20 percent here. He said companywide revenue was flatin 2008, standing at roughly $700 Laughlin declined to reveal Kelsey’xs future outlook for Cincinnati, which is dominater by Local Insight but includesz a second directory, the Yellow Book, published by of England. The industry’s major players, including spinofvf Idearc andthe better-known , are strugglinbg through the recession with heavy debt Local Insight also has leverage but its focus on smaller markets has helper temper the impact of the recession on the company, said Emilw Courtney, a credit analyst for ’s.
“Idearc has filedd for bankruptcy, and Donnelley has missed interest payments on debt withvarioues entities. Local Insight has not. From a strict financial-metrics point of view, they’re the healthietr of the three,” Courtney said. S&P revisef to “negative” its outlook on Local Insight but retained a rating on its corporate debt in a Marchg31 report. At leas t one of the company’es local customers has a less positive outlook. “I thinkj they’re really in trouble.
The phonre book is a dinosaur, and nobody’s using it any said Vicky Bezak, exclusive marketing agent for Bezak estimatee the directory delay would cost hercompany $300 a month – if she pays it. “I’m goingh to call Cincinnati Bell and tell them that my contracytwith (Local Insight) terminatez on June 1, and I’m not paying the ad costs listed on my curren t bill because I didn’t renew it,” she Cincinnati Bell serves as the billing agent for Local Insightt and permits the use of its brandx name as part of a rights agreement signed when it sold its Yellow Paged company, , in 2002.
But Cincinnati Bell is not involved inthe company’x operations otherwise, according to Lisa McLaughlin, a publi c relations consultant for Bell.
Tuesday, January 24, 2012
New owner surfaces in latest Filene
ugefuk.wordpress.com
Alan Cohen, Filene’s chief restructuring confirmed Monday afternoonthat Secaucus, N.J.-bases Syms (NASDAQ:SYMS) and New York-based Vornado (NYSE:VNO) agreed to pay abourt $63 million for the chain. A court hearinb is set for Wednesday to approvrthe deal, Cohen said. The auction, which began Friday and was continuedto Monday, took plac e about a week after an affiliate of Men’x Wearhouse (NYSE:MW) agreed to buy the chain for $67 But Crown Acquisitions, the company that was firsgt in line to buy Filene’s filed an objection to the sale with allegations that Men’s Wearhouse didn’t follow biddint procedures.
Crown in court filings described the firsr auction as a A judge sent the deal back for auctionhfollowing Crown’s objection. It wasn’t clear Monday if Syms and Vornado wouled acquire allof Filene’s Both Men’s Wearhouse and Crown had planned to acquire and keep open a but not all, of Filene’s The company has two Ohio stores, including one in Filene’s Basement sought protectiomn from creditors in May in Delaware bankruptcy court, monthx after closing several stores. Columbus-based RVI), which maintains a majority stake in discount shoeretailere (NYSE:DSW), sold the chain this year to FB II Acquisition Corp.
, a new entity ownexd by liquidation and turnaround firm Buxbaum
Alan Cohen, Filene’s chief restructuring confirmed Monday afternoonthat Secaucus, N.J.-bases Syms (NASDAQ:SYMS) and New York-based Vornado (NYSE:VNO) agreed to pay abourt $63 million for the chain. A court hearinb is set for Wednesday to approvrthe deal, Cohen said. The auction, which began Friday and was continuedto Monday, took plac e about a week after an affiliate of Men’x Wearhouse (NYSE:MW) agreed to buy the chain for $67 But Crown Acquisitions, the company that was firsgt in line to buy Filene’s filed an objection to the sale with allegations that Men’s Wearhouse didn’t follow biddint procedures.
Crown in court filings described the firsr auction as a A judge sent the deal back for auctionhfollowing Crown’s objection. It wasn’t clear Monday if Syms and Vornado wouled acquire allof Filene’s Both Men’s Wearhouse and Crown had planned to acquire and keep open a but not all, of Filene’s The company has two Ohio stores, including one in Filene’s Basement sought protectiomn from creditors in May in Delaware bankruptcy court, monthx after closing several stores. Columbus-based RVI), which maintains a majority stake in discount shoeretailere (NYSE:DSW), sold the chain this year to FB II Acquisition Corp.
, a new entity ownexd by liquidation and turnaround firm Buxbaum
Sunday, January 22, 2012
Lead Programmer on Bayonetta Serving as Director of Metal Gear Rising - PlayStation LifeStyle
obofym.wordpress.com
Game Rant | Lead Programmer on Bayonetta Serving as Director of Metal Gear Rising PlayStation LifeStyle Kenji Saito, the man responsible for heading up the programming team behind Capcom's estrogen-powered action title Bayonetta has been confirmed to be the director of the Metal Gear spin-off Revengeance. In the latest issue of Famitsu, Saito's role was ... 'Metal Gear Rising: Revengeance' Playable at E3 2012; Kenji Saito Director Platinum thought offer to make Metal Gear Rising was a joke Metal Gear Rising: Revengeance's Director Revealed |
Thursday, January 19, 2012
Oncor seeks $300M in stimulus funds - New Mexico Business Weekly:
ejyceh.wordpress.com
Oncor will apply for the fundxs through the American Recovery and Reinvestment Actof 2009. The deadlined to apply is Aug. 6. Citing data from the Council ofEconomicx Advisers, Oncor believes the stimulus funds would support the creatiob of 1,600 jobs in 2010. If the funding is Oncor will spend the money to deploy moresmarr switches, which will help the energt company isolate problems in neighborhoods and reconfigurre power lines. Other enhancementw will include controlling the feeder voltage througuthe company’s capacitor control and enhancements that will help the electric provider locate electric delivery problems in a more efficient manner, Oncor said.
In downtown electric networks will be modernizedunder Oncor’d proposed plan. Oncor also is aiming to improvee itstelecommunications network, an improvemengt that will enhance the company’s power grid. “Oncor’s visiob for a modern, interactive, intuitive electric grid is real, tangibl and happening now,” said Oncor Chairman and CEO Bob “Our first considerations in seeking thes stimulus grants are whether the funds will help consumers lower their electric bills or advance smargt grid initiatives to improve serviceand reliability. That’s wheres we have focused our attentiojnand energy.
”
Oncor will apply for the fundxs through the American Recovery and Reinvestment Actof 2009. The deadlined to apply is Aug. 6. Citing data from the Council ofEconomicx Advisers, Oncor believes the stimulus funds would support the creatiob of 1,600 jobs in 2010. If the funding is Oncor will spend the money to deploy moresmarr switches, which will help the energt company isolate problems in neighborhoods and reconfigurre power lines. Other enhancementw will include controlling the feeder voltage througuthe company’s capacitor control and enhancements that will help the electric provider locate electric delivery problems in a more efficient manner, Oncor said.
In downtown electric networks will be modernizedunder Oncor’d proposed plan. Oncor also is aiming to improvee itstelecommunications network, an improvemengt that will enhance the company’s power grid. “Oncor’s visiob for a modern, interactive, intuitive electric grid is real, tangibl and happening now,” said Oncor Chairman and CEO Bob “Our first considerations in seeking thes stimulus grants are whether the funds will help consumers lower their electric bills or advance smargt grid initiatives to improve serviceand reliability. That’s wheres we have focused our attentiojnand energy.
”
Tuesday, January 17, 2012
Fiat closes Chrysler deal - St. Louis Business Journal:
vavyzina.wordpress.com
The Supreme Court, which had temporarilyu held up the deal on Mondag while it considered appeals by three Indiana state pension funds and severalconsumer groups, said in an orderf that the groups had not proven that the courr needed to intervene. The plan to salvagd Chrysler will remake the company into one ownee 55 percent by a unionpension trust, 20 percen owned by Fiat — a shares that could grow to 35 and the rest ownedf by the governments of the United States and Also Tuesday, a federal bankruptcy judge in New York refuse d to block Chrysler's effort to pull the franchisesw of 789 dealers, including Judge Arthud Gonzalez ordered the dealerw to stop selling their remaining Chrysler-made vehicleds immediately.
Chrysler’s South plant in which assembles minivans, was idled at the end of Chrysler’s North plant, which makes Dodge Ram trucks, was idles earlier this month for one to two monthsd and has been in thethirdd quarter. The plants employ 1,20 workers in Fenton, down from 5,000 several yearw ago.
The Supreme Court, which had temporarilyu held up the deal on Mondag while it considered appeals by three Indiana state pension funds and severalconsumer groups, said in an orderf that the groups had not proven that the courr needed to intervene. The plan to salvagd Chrysler will remake the company into one ownee 55 percent by a unionpension trust, 20 percen owned by Fiat — a shares that could grow to 35 and the rest ownedf by the governments of the United States and Also Tuesday, a federal bankruptcy judge in New York refuse d to block Chrysler's effort to pull the franchisesw of 789 dealers, including Judge Arthud Gonzalez ordered the dealerw to stop selling their remaining Chrysler-made vehicleds immediately.
Chrysler’s South plant in which assembles minivans, was idled at the end of Chrysler’s North plant, which makes Dodge Ram trucks, was idles earlier this month for one to two monthsd and has been in thethirdd quarter. The plants employ 1,20 workers in Fenton, down from 5,000 several yearw ago.
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