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Business vikings: the icemen cometh and goeth Monday, March 8, 2010 @ 7:51PMIcelandic businessmen who have made a splash in Britain Lýdur and Ágúst Gudmundsson are known as "the Bakka brothers" after their first business Bakkavor, which began processing and exporting cod roe. The business grew at a furious rate with debt-fuelled acquisitions including Katsouris Fresh Foods, a company five times its size, as well as Geest, Hitchen Foods and Wine & Dine. This rapid ...
PetroChina, Shell set sights on Arrow Monday, March 8, 2010 @ 7:26PMBEIJING - Oil giants PetroChina Co and Royal Dutch Shell have made a joint A$3.3 billion ($3 billion) bid to acquire Arrow Energy Ltd, an Australian coal-seam gas developer.
Alexza Reports 2009 Fourth Quarter and Full Year Financial Results and Provides General Corporate Update Monday, March 8, 2010 @ 7:23PMMOUNTAIN VIEW, Calif., March 8 /PRNewswire-FirstCall/ -- Alexza Pharmaceuticals, Inc. (Nasdaq: ALXA) reported today financial results for the fourth quarter and year ended December 31, 2009 and provided a general corporate update.
Infuse Initiative Grant Waives Minimum Employee (FTE) Requirement Monday, March 8, 2010 @ 7:13PMInfuse Initiative, a new Indiana business grant program, no longer has a minimum requirement for full time employees (FTEs). The program is now open to Indiana small businesses, non-profits and government entities of all sizes.
N.J. Senate panel approves three nominees for Gov. Chris Christie's cabinet Monday, March 8, 2010 @ 6:57PMTony Kurdzuk/The Star-LedgerFrom left, Gary Lanigan, nominee for commissioner of the Department of Corrections, Janet Rosenzweig nominee for commissioner of the Department of Children and Families, and Jennifer Velez, nominee for commissioner of the Department of Human Services wait to...
Six more players added to Raabe Classic roster Monday, March 8, 2010 @ 6:46PMA pair of Warren County athletes have been added to the Pennsylvania roster of the Don Raabe Big 30 Charities Classic. Cody Bupp of Warren High and Kyle Luther of Youngsville are among this week’s six additions.
Nelco Offers Software Developers New Technology for Wage and Information Reporting Monday, March 8, 2010 @ 6:44PMThe WIRE(TM) Application Programming Interface (API), which controls all core functionality, including data merge, preview and printing. This component takes raw data from an application and merges, formats, and prints it on government-compliant forms. It also includes support for state scan lines and barcodes, signatures, logos, watermarks and bitmap images. A variety of output formats are ...
Start-ups pitch their ideas at LaunchPad Monday, March 8, 2010 @ 6:35PMSix New Zealand start-up companies will fight it out for the chance to win $70,000 worth of business support at a competition being held at the Planet 2010 conference in Auckland on Saturday.
Retirement of Fred Abdula as Chief Executive Officer of Northern States Financial Corporation and NorStates Bank Monday, March 8, 2010 @ 6:32PMNSFC ), holding company for NorStates Bank, an FDIC-insured financial institution, today announced that, effective immediately, Fred Abdula, the long-time Chief Executive Officer of both Northern Stat...
South Africa : Hotelier Plans Retirement with Precision Timing Monday, March 8, 2010 @ 9:11AMJohannesburg — LATE last year City Lodge founder and executive chairman Hans Enderle announced that he would be retiring from the group. And if I had been wondering why, the answer presented itself in his personal business card.
AIG Agrees to Sell Alico to MetLife for $15.5 Billion (Update3) Monday, March 8, 2010 @ 9:11AMMarch 8 (Bloomberg) -- American International Group Inc. agreed to sell a division to MetLife Inc. for $15.5 billion in the bailed-out company’s second divestiture of a non-U.S. life insurance unit this month.
TVA Group Reports Net Income of $21.1 Million for Fourth Quarter Ended December 31, 2009 Monday, March 8, 2010 @ 9:08AMMONTREAL, QUEBEC--(Marketwire - March 8, 2010) - TVA Group Inc. ("the Company")(TSX:TVA.B) announces that it recorded net income of $21.1 million, or $0.89 per share, for the last quarter of 2009, compared with $14.5 million, or $0.61 per share, in the corresponding quarter of 2008. Excluding the adjustment related to Canadian Radio-television and Telecommunications Commission (CRTC) Part II ...
‘On the Edge’ Banks Facing Writedowns After FDIC Loan Auctions Monday, March 8, 2010 @ 8:59AMMarch 8 (Bloomberg) -- A Federal Deposit Insurance Corp. plan to auction more than $1 billion in assets seized from failed banks next month, including a loan to build a W Hotel in Atlanta, may trigger writedowns that weaken lenders nationwide.
Wal-Mart Brings Back Goods as Shoppers Turn to Lowe’s, Walgreen Monday, March 8, 2010 @ 8:55AMMarch 8 (Bloomberg) -- Wal-Mart Stores Inc. , the world’s biggest retailer, is bringing back some products it had removed from shelves last year as shoppers turn to competitors for a wider selection of merchandise.
An easy fix for a tricky securities problem Monday, March 8, 2010 @ 8:46AMA few days ago, I watched one of California's top high school economics teachers lead a class in a discussion of the differences between the earthquakes in Haiti and Chile. I'm applying for my own teaching credential and was there observing.
Harvest Energy Announces Fourth Quarter and Full Year 2009 Financial and Operating Results Monday, March 8, 2010 @ 8:40AMCALGARY, ALBERTA--(Marketwire - March 8, 2010) - Harvest Energy Trust ("Harvest") (TSX:HTE.DB.B), (TSX:HTE.DB.D), (TSX:HTE.DB.E), (TSX:HTE.DB.F) and (TSX:HTE.DB.G) today announces the release of its fourth quarter and year ended December 31, 2009 financial and operating results. The audited financial statements, notes and MD&A pertaining to the year ended December 31, 2009 are filed on SEDAR at ...
Setareh Sabety: Working Class & Female in Iran Sunday, March 7, 2010 @ 7:15AMTo mark international women's day I decided I should write about three Iranian women whom I came to know well when living in Iran just...
The Web Guide for the New Economy Sunday, March 7, 2010 @ 7:01AMThe Web Guide for the New Economy represents the latest world wide web resources for discovering new knowledge and understanding the latest developments with regard to the New Economy.
Davenport University students head to national conference Sunday, March 7, 2010 @ 6:13AMFifty-six students from Davenport University in Livonia will advance to the Business Professionals of America National Conference in May.
Looking for new products Sunday, March 7, 2010 @ 6:10AMLamberto Andreotti, Bristol-Myers Squibb Co.'s newly named chief executive officer, says he is confident he can overcome the loss of $11 billion in revenue to generic competition by 2016. Now he must convince investors.
Little Shell election held without any major incidents Sunday, March 7, 2010 @ 6:06AMThe Little Shell Chippewa Alliance's election went on without incident Saturday, despite all the controversy leading up to it.
Alinsky, former head of Dage-Bell, dies Sunday, March 7, 2010 @ 5:09AMMICHIGAN CITY — Joseph W. Alinsky, the former president of Dage-Bell Corp. and heralded by friends and relatives as one of Michigan City’s “greatest geniuses,” passed away Friday night.
Banks ready to loosen lending Sunday, March 7, 2010 @ 4:55AMNEW YORK — Banks know what the public wants to hear: They're lending money to the little guys.
UK's recovery is 'false dawn' Sunday, March 7, 2010 @ 4:28AMHead of John Lewis retail chain warns that optimism after strong reading in key PMI service-sector survey may prove short-lived Britain's emergence from the deepest recession since the war was a "false dawn," and paying the costs of the crisis would put the brakes on recovery, John Lewis's chairman, Charlie Mayfield, warned today. As a key survey of the services sector suggested a strong bounce ...
Should We Put A Dollar Value On Nature? Friday, March 5, 2010 @ 11:39PMIn many countries nature is quickly sacrificed for wealth creation. But there is a cost to this loss and ignoring it, some experts contend, is "bad accounting."
Bosch Limited registers 4.6 % growth in 2009 Friday, March 5, 2010 @ 11:32PMBangalore, Mar 5 : Overcoming a "most difficult" year, precision auto components and machinery maker Bosch Limited has registered a sales growth of 4.6 per cent in the year 2009 on the back of an impressive 20 per cent growth in the second half of the year ending December 31.
Kraft’s Tang Makeover Led to 30% Sales Jump Abroad Last Year Friday, March 5, 2010 @ 11:29PMMarch 6 (Bloomberg) -- Tang , the powdered drink once consumed by orbiting U.S. astronauts, is helping Kraft Foods Inc. increase sales and profit in developing markets.
Measures pushed to improve tax compliance of small businesses Friday, March 5, 2010 @ 11:24PMTHE WORLD BANK is recommending that the government simplify the administration of taxes for micro and small enterprises (MSEs) to encourage and help them comply with these obligations.
Staff members at accounting firm tee off during break from tax work Friday, March 5, 2010 @ 11:13PMThe first hole in this executive mini-golf course falls from a carpeted tee to a broad fairway of office cubicles. From there, players have to putt around a tricky hazard: an accountant deep into tax season.
Consumer, labor advocates oppose smart natural gas meter plan Friday, March 5, 2010 @ 11:05PMConsumer and labor advocates are striving to block a Southern California Gas Co. plan to install "smart" meters in all its customers' homes and businesses that would give a daily accounting of each one's natural gas consumption, with the aim of promoting conservation.
Business Briefs: Finalists named for UR business-school dean Friday, March 5, 2010 @ 11:03PMThe finalists, selected by a 12-member committee, are: Run by public relations and marketing coordinator Jonah Holland, the feed tied with Reduced Shakespeare, a performance group in California. Holland’s tweets include bloom of the day notices and other postings about the garden. The second annual awards honor “the best producers of short, real-time content” posted on Twitter, a microblogging ...
Claim filed for Pace employees Friday, March 5, 2010 @ 11:00PMThe N.C. Labor Department said yesterday that it is filing a proof of claim regarding wages for all former employees of bankrupt Pace Airlines Inc.
Memos point to friction between KC school board president and superintendent Friday, March 5, 2010 @ 10:53PMMarilyn Simmons and John Covington stand at the edge of one of the largest school closings plans ever seen in America, and they aren’t necessarily getting along. Simmons, the school board’s president, said that she wants Covington to remain Kansas City’s superintendent a long time, saying that she wants him to stay at least five years or more.
Council Member Rod Tam Friday, March 5, 2010 @ 10:36PMHonolulu Council Member Rod Tam spoke publicly for the first time since the City Ethics Commission said he improperly billed city taxpayers more than $10,000 for meals for himself, business associates and friends.
Bill.com Promotes Mark Orttung to Chief Operating Officer and Dan Lind to Vice President of Operations and Support ... Thursday, March 4, 2010 @ 6:00AMPALO ALTO, CA--(Marketwire - 03/04/10) - Bill.com, the leader in online bill management and bill payment for small and midsized businesses and CPA firms, today announced a series of management changes designed to help the company scale operations and expand market share. Mark Orttung, who was previously vice president of products, has been named chief operating officer. In this role, he will ...
Aggreko sees better 2010 as power drought continues Thursday, March 4, 2010 @ 5:56AMBy Victoria Bryan
ENGlobal Reports Fourth Quarter and Fiscal Year 2009 Results; Expects Slow Recovery Trend for 2010 Thursday, March 4, 2010 @ 5:55AMHOUSTON----ENGlobal , a leading provider of engineering and related project services, announced today its financial results for the fourth quarter and fiscal year ended December 31, 2009. $0.04 earnings per diluted share for the year, a decrease of 94% earnings per diluted share for the fourth quarter, a decrease of 120% Revenue for the year of $343.5 million, a decrease of 30% Positive cash ...
All you need to know about franchising in directory Thursday, March 4, 2010 @ 5:46AMIf you're an entrepreneur considering franchising, you can find out everything you need to know about it from the Franchise Association of Southern Africa (Fasa).
Private transit less rare than you’d think Thursday, March 4, 2010 @ 5:37AMWould contracting out transit lead to a better, more affordable service? It all depends say those who have tried it.
Aggreko sees better 2010 as power drought continues Thursday, March 4, 2010 @ 5:32AMPower generator rental group Aggreko Plc said 2010 profit would be better than it had previously expected, helped by growing demand for power in emerging markets such as Africa and South America.
A new IRS employment tax audit initiative heightens the need for employers to review their practices for classifying ... Thursday, March 4, 2010 @ 5:30AMThe Employment Tax Audit Initiative (the "Initiative"), in which the IRS will audit 2,000 U.S. companies annually, commenced in February 2010. The Initiative was originally announced in September 2009 and will provide data for the IRS' National Research Program (NRP) study of employment tax compliance.
Dex One Corporation Reports Fourth Quarter and Full Year 2009 Results Thursday, March 4, 2010 @ 5:30AMCARY, N.C.----Dex One Corporation , a leading provider of marketing services and solutions for local businesses, today reported full year 2009 net revenue of $2,202 million, representing a 16 percent decline from full year 2008.
Toyota UK recalls result in 1.8% fall in market share Thursday, March 4, 2010 @ 5:18AMToyota’s UK market share only fell by 0.47% in February compared to the same time last year despite its nationwide recall crisis, according to the latest Society of Motor Manufacturers and Traders (SMMT) figures.
Obama administration plans to close International Labor Comparisons office Tuesday, March 2, 2010 @ 10:40PMLike a scorekeeper for the world, a tiny unit within the Bureau of Labor Statistics tracks globalization's winners and losers, and the results are not always pretty for the United States. Manufacturing jobs here, for example, have fallen faster since 1979 than in Canada, Germany or Japan. Compens...
IFC sponsors buses for Hillsborough Hike Tuesday, March 2, 2010 @ 10:38PMBuses will be provided as safe transportation for students during the Hillsborough Street Hike on Thursday, March 4th. Peter Barnes, President of the Interfraternity Council, said although free parking will be available in Dan Allen Deck, the IFC will provide buses as a safety precaution.
Apple Starts ‘Nuclear War’ in Patent Fight With HTC (Update1) Tuesday, March 2, 2010 @ 10:26PMMarch 3 (Bloomberg) -- When Steve Jobs unveiled the iPhone in 2007, he said Apple Inc. had applied for more than 200 patents for the device and was ready to enforce them. Now, Apple is putting those words into action.
Obama administration plans to close International Labor Comparisons office Tuesday, March 2, 2010 @ 10:23PMLike a scorekeeper for the world, a tiny unit within the Bureau of Labor Statistics tracks globalization's winners and losers, and the results are not always pretty for the United States. Manufacturing jobs here, for example, have fallen faster since 1979 than in Canada, Germany or Japan. Compensation for those jobs dropped here in 2008 but jumped in South Korea and Australia.
Research and Markets: Hot Drinks in United Arab Emirates to 2013 - Leading Players in the Market Include Unilever ... Tuesday, March 2, 2010 @ 10:00PMDUBLIN----Research and Markets has announced the addition of the "Hot Drinks in United Arab Emirates to 2013" report to their offering.
Local Applebee's Manager Beaten with Roll of Nickles Tuesday, March 2, 2010 @ 9:43PMA simple request by a restaurant manager ended with him being beaten with a roll of nickles.
W.Va. Senate Passes Abortion/Ultrasound Bill Tuesday, March 2, 2010 @ 9:43PMAt the Capitol on Tuesday, a measure aimed at getting women to look at ultrasounds before going through with an abortion has passed the Senate.