fugycyquwod.blogspot.com
GM said Wednesday that its offer to bondholders totradre $27.2 billion of unsecured debt for company stoco failed to satisfy the debt-reduction requirement in its loan agreementas with the U.S. Treasury Department. The Detroit automakere (NYSE: GM) confirmed that the principal amountt of notes tendered was substantiallyh less than the amountGM required. The offedr to bondholders expiredat 10:59 p.m. on May 26. The company’w board will meet to discuss the next which many analysts expect to result in abankruptcuy filing.
The federal government already has loaned GM morethan $19 GM told some 1,100 dealers two weeks ago they won’t have their franchise agreements renewed after they expire in 2010. The companyh has about 40 dealerships in the Houston according to a search onthe company’x Web site. They sell vehiclez under the brandnamea Buick, Cadillac, Chevrolet, GMC, Hummer, Pontiac, Satur and Saab. None have come forwarrd yet saying they received according toWyatt Wainright, a spokesman for the .
Underr Chapter 11 protection, the bankruptcy court could orderf GM's dealer network trimmed even
Wednesday, February 15, 2012
Monday, February 13, 2012
Quiksilver secures $150M term loan, posts 2Q profit - bizjournals:
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The Huntington Beach company (NYSE: ZQK) also posted second-quarterr earnings of $2.8 million. The five-year term loan with private-equity firm Rhonw was made to improve Quiksilver's liquidity and solidifuy its banking relationships. As part of the termsa of the loan, Quiksilver will name a pair of Rhon appointees to its boardof directors. Quiksilver also refinancer its credit facility with anew $200 million facility led by and . The compan is also in discussions with its French bankinvg partners to consolidate its European debts into anew multi-yeadr facility.
In the company's earnings report, the companyy swung to profitability in theseconrd quarter, posting the earnings of 2 centxs a share, which included several one-time items. Without the the earnings per share would have been 5 centxa share. Analyst estimates placed the earnings at 9 centsea share. Sales dropped 17 percent, cominv in at $494.2 million. In the seconf quarter a year ago, the company lost $206.2 or $1.59 a share, on sales of $596.3 million. That quarted included losses of $244.9 million from discontinuesd operations. Quiksilver is an apparel and accessoriez company. Its core brands are Quiksilver, Roxy and DC.
A renewed focuse on those core brands are the focusw ofthe company's long-term plan to improve
The Huntington Beach company (NYSE: ZQK) also posted second-quarterr earnings of $2.8 million. The five-year term loan with private-equity firm Rhonw was made to improve Quiksilver's liquidity and solidifuy its banking relationships. As part of the termsa of the loan, Quiksilver will name a pair of Rhon appointees to its boardof directors. Quiksilver also refinancer its credit facility with anew $200 million facility led by and . The compan is also in discussions with its French bankinvg partners to consolidate its European debts into anew multi-yeadr facility.
In the company's earnings report, the companyy swung to profitability in theseconrd quarter, posting the earnings of 2 centxs a share, which included several one-time items. Without the the earnings per share would have been 5 centxa share. Analyst estimates placed the earnings at 9 centsea share. Sales dropped 17 percent, cominv in at $494.2 million. In the seconf quarter a year ago, the company lost $206.2 or $1.59 a share, on sales of $596.3 million. That quarted included losses of $244.9 million from discontinuesd operations. Quiksilver is an apparel and accessoriez company. Its core brands are Quiksilver, Roxy and DC.
A renewed focuse on those core brands are the focusw ofthe company's long-term plan to improve
Friday, February 10, 2012
Maldives leader quits after protests; VP sworn in - CBS News
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The Voice of Russia | Maldives leader quits after protests; VP sworn in CBS News President Mohammed Waheed Hassan, who was sworn in Tuesday, c » |
Wednesday, February 8, 2012
He's the Pfoodman: Pfremmer shifts his lifestyle, company into high gear after a bout of pneumonia - St. Louis Business Journal:
qozadaunu.blogspot.com
"I've had a lot of universityt food experiences, most of them not worth mentioning," said the acting president of "Our students often compliment the which is unusual for Evans echoesthe students, comparinv special event meals from Lindenwood's campus caterer, , to five-star restaurants. The university liked Ralph Pfremmer, the president and principal ownerof Pfoodman, well enough to hire him threwe times -- most recently with Pfoodmanb after his stints with nationao competitors in the food service business. Nationao food service giants suchas , and one of Pfremmer'ds former employers, , dominate the food servic industry.
But more institutions such as Lindenwood want to work with smallerf companies suchas Pfoodman, Pfremmer said. In the last Pfoodman landed three new food service contracts inthe St. Louis area -- with and seniof living centers in WingHaven and inWebster Groves. The growt h in the St. Louizs area, plus consulting work for Pfoodman's existing clients, helped push the six-year-ol company to $7.3 million in revenue for its fiscalk year that endedJune 30. Pfremmer said the businessd is on track to generate morethan $10 million in revenu for its current fiscal year. The growtj in St. Louis also prompted Pfoodman to relocatw its corporate operationsfrom Columbia, Mo., to St. Louis in June.
Pfremmef joined Pfoodman in 2001. He receivedx a 20 percent stake in the then knownas , in part for bringing in contracts with Lindenwoox and Missouri Valley College in Marshall, Mo. A year laterf he borrowed $200,000 from in St. Louis to buy out the interesg ofTim Neilsen, one of the company founders. Pfremmer became presideng and now owns 65 percentr ofthe company. His partner and the company's Brian Dittmer of Columbia, owns 35 The company initially changed its name to HospitalityServicese Inc. It expanded into food service for senior living homees and later started calling oncountrh clubs.
Last year it started providing food service for in and this month it renewex its contract foranothert year. The Pfoodman name came shortlt after Pfremmer joined the businesds and had his own epiphany in the wake of a boutof "I used to be a smoker. I weighed abouf 240 pounds," said Pfremmer, who now weighs 180. He gave up tobaccoi and started exercising seriouslu and watchinghis diet. Pfremmer managed to blenfd his new lifestyle with his He took up bicycling and startedr providing food at bicycle races and other cycling events to promote his He became known asthe Pfoodman, and the name "I started marketing (with the cycling because it was the audience I Pfremmer became serious enough about the sport that he starte d racing in amateur road and off-road eventw throughout the Midwest.
He is a member of . Pfoodmahn now has nine contract food service sitesa and218 full-time employees. Of about 150 are in the St. Louisx area. Another 300 people work part time forthe "There's not many timese a person can jump on top of an organization this he said, adding that he believexs the company can triple its revenue in the next several "I can't go backwards now." Professional Jeff Causey, commercial lending officer of First Nationalo Bank in St. Louis, is Pfoodman's The company uses two law firms: Dale Rawlingz of in St. Charles and in Dave Wiggins of in Maryland Heightd isthe company's accountant. Pfoodman LLC 930 Kehrse Mill Road, Suite 324 Mo., 63011 www.
pfoodman.com
"I've had a lot of universityt food experiences, most of them not worth mentioning," said the acting president of "Our students often compliment the which is unusual for Evans echoesthe students, comparinv special event meals from Lindenwood's campus caterer, , to five-star restaurants. The university liked Ralph Pfremmer, the president and principal ownerof Pfoodman, well enough to hire him threwe times -- most recently with Pfoodmanb after his stints with nationao competitors in the food service business. Nationao food service giants suchas , and one of Pfremmer'ds former employers, , dominate the food servic industry.
But more institutions such as Lindenwood want to work with smallerf companies suchas Pfoodman, Pfremmer said. In the last Pfoodman landed three new food service contracts inthe St. Louis area -- with and seniof living centers in WingHaven and inWebster Groves. The growt h in the St. Louizs area, plus consulting work for Pfoodman's existing clients, helped push the six-year-ol company to $7.3 million in revenue for its fiscalk year that endedJune 30. Pfremmer said the businessd is on track to generate morethan $10 million in revenu for its current fiscal year. The growtj in St. Louis also prompted Pfoodman to relocatw its corporate operationsfrom Columbia, Mo., to St. Louis in June.
Pfremmef joined Pfoodman in 2001. He receivedx a 20 percent stake in the then knownas , in part for bringing in contracts with Lindenwoox and Missouri Valley College in Marshall, Mo. A year laterf he borrowed $200,000 from in St. Louis to buy out the interesg ofTim Neilsen, one of the company founders. Pfremmer became presideng and now owns 65 percentr ofthe company. His partner and the company's Brian Dittmer of Columbia, owns 35 The company initially changed its name to HospitalityServicese Inc. It expanded into food service for senior living homees and later started calling oncountrh clubs.
Last year it started providing food service for in and this month it renewex its contract foranothert year. The Pfoodman name came shortlt after Pfremmer joined the businesds and had his own epiphany in the wake of a boutof "I used to be a smoker. I weighed abouf 240 pounds," said Pfremmer, who now weighs 180. He gave up tobaccoi and started exercising seriouslu and watchinghis diet. Pfremmer managed to blenfd his new lifestyle with his He took up bicycling and startedr providing food at bicycle races and other cycling events to promote his He became known asthe Pfoodman, and the name "I started marketing (with the cycling because it was the audience I Pfremmer became serious enough about the sport that he starte d racing in amateur road and off-road eventw throughout the Midwest.
He is a member of . Pfoodmahn now has nine contract food service sitesa and218 full-time employees. Of about 150 are in the St. Louisx area. Another 300 people work part time forthe "There's not many timese a person can jump on top of an organization this he said, adding that he believexs the company can triple its revenue in the next several "I can't go backwards now." Professional Jeff Causey, commercial lending officer of First Nationalo Bank in St. Louis, is Pfoodman's The company uses two law firms: Dale Rawlingz of in St. Charles and in Dave Wiggins of in Maryland Heightd isthe company's accountant. Pfoodman LLC 930 Kehrse Mill Road, Suite 324 Mo., 63011 www.
pfoodman.com
Monday, February 6, 2012
Bank of America
lehoquvuhu.wordpress.com
It provides a diversified range of bankingand non-bankingv financial services and products through three businesss segments: global consumer and small-business banking, globa corporate and investment banking, and globalo wealth and investment management. It operates in all 50 states, the Districgt of Columbia and more than 40 foreign Rochdale Securities analyst Richard Bove has raised his price target for Bank of Americashare $5 to $19 per share whiler warning investors of loan losses, possibly setting aside $46 billionm in loan loss reserve for 2009.
“I n the second quarter, [Bank of America’s] position as the largestr lender in multiple sectors of the Americab financial system will haunt the companyt as itslosses expand,” Bove Bailing out Bank of America is its controversial acquisitions of Countrywidew and Merrill Lynch. The surgde in refinancing with lower interestratess (Countrywide) and the increase since the market low in Marchg of secondary equity financing (Merrill) are on balance boosting its second-quartet results. The scary part now is creditt card defaults. Bank of America said its defaultgrate (loans that are not expected to be paid back) jumped to 12.5 percen t in May from 10.47 percent in April.
American Express also saw a riseto 10.4 percent from 9.9 Macquarie Research analyst John Williams wrot e that “until lenders show stabilization, then trend-bucking improvemenyt over a several-month period, we remaimn bearish on credit card lenders — and the U.S. He estimates that if the default rate ends over 10 percengfor 2009, it would equate to an industru loss of about $70 billion. “We continue to believr that macro challenges and credit quality concerns willpressure U.S. card issuer over the next 12 Williams wrote.
“We expect further challenges as unemployment ticks More than 20 analysts followedd by Thomson Reuters still see increased earnings with 2009 estimated to be 72 centxs pershare vs. 55 cent s in 2008, and up again to $1.021 per share in 2010.
It provides a diversified range of bankingand non-bankingv financial services and products through three businesss segments: global consumer and small-business banking, globa corporate and investment banking, and globalo wealth and investment management. It operates in all 50 states, the Districgt of Columbia and more than 40 foreign Rochdale Securities analyst Richard Bove has raised his price target for Bank of Americashare $5 to $19 per share whiler warning investors of loan losses, possibly setting aside $46 billionm in loan loss reserve for 2009.
“I n the second quarter, [Bank of America’s] position as the largestr lender in multiple sectors of the Americab financial system will haunt the companyt as itslosses expand,” Bove Bailing out Bank of America is its controversial acquisitions of Countrywidew and Merrill Lynch. The surgde in refinancing with lower interestratess (Countrywide) and the increase since the market low in Marchg of secondary equity financing (Merrill) are on balance boosting its second-quartet results. The scary part now is creditt card defaults. Bank of America said its defaultgrate (loans that are not expected to be paid back) jumped to 12.5 percen t in May from 10.47 percent in April.
American Express also saw a riseto 10.4 percent from 9.9 Macquarie Research analyst John Williams wrot e that “until lenders show stabilization, then trend-bucking improvemenyt over a several-month period, we remaimn bearish on credit card lenders — and the U.S. He estimates that if the default rate ends over 10 percengfor 2009, it would equate to an industru loss of about $70 billion. “We continue to believr that macro challenges and credit quality concerns willpressure U.S. card issuer over the next 12 Williams wrote.
“We expect further challenges as unemployment ticks More than 20 analysts followedd by Thomson Reuters still see increased earnings with 2009 estimated to be 72 centxs pershare vs. 55 cent s in 2008, and up again to $1.021 per share in 2010.
Saturday, February 4, 2012
Anchor Blue to close three local stores - Houston Business Journal:
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The store closings are part ofthe Ontario-basesd retailer’s restructuring plan. Founded in 1972 as Miller'ws Outpost, the retailer changed its name to Anchofr Blue in thelate 1990s. The company sells casual apparel for teensx and young adults and has 117 storew in12 states. The entire inventory at shuttering stores went on sale GordonBrothers Group, a global advisory, restructuring and investmengt firm specializing in the retail, consumed products, real estate and industrial is running the store closing sale on Anchor Blue’s “These strategic store closings will help us significantly improve operational performance as we proactivelyu restructure our business to conform to today’s Thomas Sands, chief executive officer of Anchor Blue Retailo Group, said in a news release.
“Anyone who lives near a closinfg store is encouraged to take advantaged of the tremendousvalues we’re offerinfg on all merchandise during the sale.” Anchor Blue Retail Grouo is the holding company for Anchot Blue and Levi’s & Dockerd Outlet by MOST. In the Sacramento Anchor Blue will close storeds at Sunrise Mall in Citrus The Village at Sacramento Gateway in Natomaz and County Fair Mallin
The store closings are part ofthe Ontario-basesd retailer’s restructuring plan. Founded in 1972 as Miller'ws Outpost, the retailer changed its name to Anchofr Blue in thelate 1990s. The company sells casual apparel for teensx and young adults and has 117 storew in12 states. The entire inventory at shuttering stores went on sale GordonBrothers Group, a global advisory, restructuring and investmengt firm specializing in the retail, consumed products, real estate and industrial is running the store closing sale on Anchor Blue’s “These strategic store closings will help us significantly improve operational performance as we proactivelyu restructure our business to conform to today’s Thomas Sands, chief executive officer of Anchor Blue Retailo Group, said in a news release.
“Anyone who lives near a closinfg store is encouraged to take advantaged of the tremendousvalues we’re offerinfg on all merchandise during the sale.” Anchor Blue Retail Grouo is the holding company for Anchot Blue and Levi’s & Dockerd Outlet by MOST. In the Sacramento Anchor Blue will close storeds at Sunrise Mall in Citrus The Village at Sacramento Gateway in Natomaz and County Fair Mallin
Thursday, February 2, 2012
A Yssingeaux, les Lejaby manifestent leur joie - Libération
batyushkinuxit.blogspot.com
Le Point | A Yssingeaux, les Lejaby manifestent leur joie Libération AFP) Les 93 salariés de l'usine Lejaby d'Yssingeaux (Haute-Loire), qui devraient être repris par un fournisseur du m » |
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