http://meis-cn.com/gazmeet8.3.php
Theater executives announced Tuesdaty that the financially distressedd theater has failed to raisethe $2 million it needee to put on 2009 although more than $500,000 in pledges have been made sinc the theater announced a turn-arounds strategy in mid April. “Thd thing we know is that we’re not putting on a 2009 I think the very likely consequence of that is that we will very quickly go out of saidDavid Fellows, chairman of the North Shorre Music Theatre board.
“Whether it’s Chaptetr 11 or Chapter 7 — it’s completelyh up in the air at the Without a production seasonthis year, the theater is unabl to address the substantial debts of its creditors and restore the theater’s economic said Fellows. The theater is approximately $10 million in including large mortgages on its property and buildingas and debtsto vendors, the State of and subscribers who paid in advance for the 2009 Fellows said most of the theater’sd 4,400 subscribers are unlikely to get their money Subscriptions cost upwards of $350 per seat.
Theaterr executives are in discussions with seniore creditors and are reviewing a liquidation to maximize the value ofthe theater’s assetz for its stakeholders as well as identifyg potential “friendly” buyers of the propertyg who might consider a lease back of the theater, Fellowsd said.
Wednesday, September 29, 2010
Tuesday, September 28, 2010
Harvard Learns a Lesson - Bloomberg
http://darulislam.info/name-News-article-sid-82.html
Harvard Learns a Lesson Bloomberg That performance lags behind the 13 percent median for public and corporate pensions, endowments and foundations during that time, according to Wilshire ... Swensen model still highly regarded among investors Yale endowment earned 8.9% last year Endowment Rebounds To $1 Billion |
Sunday, September 26, 2010
EMC beefs up Mass. presence with Cambridge lab, MIT sponsorship deal - Denver Business Journal:
http://yourseoblog.com/?p=498
The Hopkinton, Mass., storagew and information managementgiant (NYSE: EMC) said Wednesda the Media Lab sponsorship is one of severall initiatives coordinated out of EMC Research which will be located at 11 Cambridgse Ctr. in Cambridge, Mass. The center will house EMC’ s security-business research lab, RSA Laboratories, as well as abouft a dozen researchers, technologists and business leaderacross EMC’s business units. The company also has researchg facilities in China andSanta Clara, Calif.
“Researchh and advanced technology groupacross EMC, along with our global university research partners, are discovering and explorinv new technologies that will shape the future of digital said Jeff Nick, EMC seniof vice president and chief technology in a statement. “This is an incrediblse opportunity for EMC to bring together some ofthe world’zs leading research minds and innovators in areas such as personalk information management, information integration and cloud As a consortium sponsor of the MIT Media Lab, EMC will be able to accesds the center’s research on how people use and interact with new EMC said its initial collaboration will be on new models for data ownershipl and usage, interfaces for business transactions and health care IT A consortium sponsorship costs $200,000 per year for a minimum of thres years.
Sponsors receive full intellectual property rights to technology developedc at the lab duringtheir sponsorship. The announcement comes a week after EMC and a grou p of universities and technology companies announced the development of a high performancre computing research facilityin Holyoke, Mass. Other tech giants have built dedicated R& D lab in Cambridge in recentg years. (Nasdaq: MSFT), (Nasdaq: GOOG) and (NYSE: IBM) builg research centers in the city in the pasttwo years.
The Hopkinton, Mass., storagew and information managementgiant (NYSE: EMC) said Wednesda the Media Lab sponsorship is one of severall initiatives coordinated out of EMC Research which will be located at 11 Cambridgse Ctr. in Cambridge, Mass. The center will house EMC’ s security-business research lab, RSA Laboratories, as well as abouft a dozen researchers, technologists and business leaderacross EMC’s business units. The company also has researchg facilities in China andSanta Clara, Calif.
“Researchh and advanced technology groupacross EMC, along with our global university research partners, are discovering and explorinv new technologies that will shape the future of digital said Jeff Nick, EMC seniof vice president and chief technology in a statement. “This is an incrediblse opportunity for EMC to bring together some ofthe world’zs leading research minds and innovators in areas such as personalk information management, information integration and cloud As a consortium sponsor of the MIT Media Lab, EMC will be able to accesds the center’s research on how people use and interact with new EMC said its initial collaboration will be on new models for data ownershipl and usage, interfaces for business transactions and health care IT A consortium sponsorship costs $200,000 per year for a minimum of thres years.
Sponsors receive full intellectual property rights to technology developedc at the lab duringtheir sponsorship. The announcement comes a week after EMC and a grou p of universities and technology companies announced the development of a high performancre computing research facilityin Holyoke, Mass. Other tech giants have built dedicated R& D lab in Cambridge in recentg years. (Nasdaq: MSFT), (Nasdaq: GOOG) and (NYSE: IBM) builg research centers in the city in the pasttwo years.
Saturday, September 25, 2010
In Capital Consultants settlement, Wilshire to buy back share of credit subsidiary - Portland Business Journal:
http://www.cardiologytalks.com/ejournals-and-ebooks-links
The agreement calls for Wilshire; formetr Wilshire executives Andrew Wiederhorn and Larry Mendohlsonj andtheir families; and the current company, Fog Cutter Capital Group, to pay $29.65 million to the victims of the Capital Consultants according to a Wilshire document filed Tuesda y with the Securities and Exchanger Commission. Wilshire will pay an additional $10.5 millio to recover the 49.99 percentg share of Wilshire Credit Corp. held by the making WCC again a wholly-ownedc subsidiary of Wilshire.
The cash cost to Wilshirew of the settlement and stock acquisition will totaolabout $15 million, the company said, plus a sharde of the proceeds from the anticipated sale of a piec e of real property. Wilshire said it expectw to accruea first-quarter 2002 pre-tax expense of $3.6 milliom in connection with the agreement, "expectesd to eliminate most of the company's futur costs arising from" the Capital Consultants The agreement involving the Wilshire-related parties is part of a much broader settlement negotiate between many defendants involved in the litigationn over Capital Consultants, a Portland monet management firm accused of losing hundreds of millionw of dollars, primarily from labor union trusg funds, in Ponzi-like schemes.
Eleven other including major law andaccounting firms, joined Wilshirer in settling claims. The 12 defendants participating inthe settlement, backed in large part by theier insurance companies, will pay a totaol of $110 million, the Oregonian reported Tuesday. Combined with previouz settlements andasset sales, the agreemen t should yield 57 cents for every dollarf lost by Capital Consultants. Among the othedr defendants, the law firm of Lane Powell Speara Lubersky agreed topay $25 million, Stoel Rives law firm agreedc to pay $12.5 million and accounting firm Moss Adams agreec to pay $17 million, the Oregonian reported. The agreemenrt requires approval bythe U.S.
District Courtt in Oregon and issuance of an order barring futurr claims arising from the Capitao Consultants affair against the defendantswho settled. A court hearinv on the settlement is schedulecd forJune 19. Unresolved claims include those againsf Capital Consultants founder Jeffrey Grayson and against two nationa laccounting firms, Deloitte & Touchse and PricewaterhouseCoopers. The settlement has no bearing on criminao investigations or possiblecriminap proceedings.
The agreement calls for Wilshire; formetr Wilshire executives Andrew Wiederhorn and Larry Mendohlsonj andtheir families; and the current company, Fog Cutter Capital Group, to pay $29.65 million to the victims of the Capital Consultants according to a Wilshire document filed Tuesda y with the Securities and Exchanger Commission. Wilshire will pay an additional $10.5 millio to recover the 49.99 percentg share of Wilshire Credit Corp. held by the making WCC again a wholly-ownedc subsidiary of Wilshire.
The cash cost to Wilshirew of the settlement and stock acquisition will totaolabout $15 million, the company said, plus a sharde of the proceeds from the anticipated sale of a piec e of real property. Wilshire said it expectw to accruea first-quarter 2002 pre-tax expense of $3.6 milliom in connection with the agreement, "expectesd to eliminate most of the company's futur costs arising from" the Capital Consultants The agreement involving the Wilshire-related parties is part of a much broader settlement negotiate between many defendants involved in the litigationn over Capital Consultants, a Portland monet management firm accused of losing hundreds of millionw of dollars, primarily from labor union trusg funds, in Ponzi-like schemes.
Eleven other including major law andaccounting firms, joined Wilshirer in settling claims. The 12 defendants participating inthe settlement, backed in large part by theier insurance companies, will pay a totaol of $110 million, the Oregonian reported Tuesday. Combined with previouz settlements andasset sales, the agreemen t should yield 57 cents for every dollarf lost by Capital Consultants. Among the othedr defendants, the law firm of Lane Powell Speara Lubersky agreed topay $25 million, Stoel Rives law firm agreedc to pay $12.5 million and accounting firm Moss Adams agreec to pay $17 million, the Oregonian reported. The agreemenrt requires approval bythe U.S.
District Courtt in Oregon and issuance of an order barring futurr claims arising from the Capitao Consultants affair against the defendantswho settled. A court hearinv on the settlement is schedulecd forJune 19. Unresolved claims include those againsf Capital Consultants founder Jeffrey Grayson and against two nationa laccounting firms, Deloitte & Touchse and PricewaterhouseCoopers. The settlement has no bearing on criminao investigations or possiblecriminap proceedings.
Friday, September 24, 2010
Unique naval exercise underway - Australian Department of Defence
http://cyprushotelsdirectory.com/hill-resorts/troodos/
Australian Department of Defence | Unique naval exercise underway Australian Department of Defence Warramunga has just come from Exercise Kakadu, the largest international maritime exercise in Australia for 2010 where ships from Thailand, Singapore and ... |
Wednesday, September 22, 2010
Wendy Welsh
burwellmitubaes1369.blogspot.com
As senior vice president of information technologyfor , she manages a stafft of about 250 workers, two data centers and the IT operation for E.On’s two Louisville Gas & Electric Co. and Kentucky It was her team that mannedthe outage-managemenr system during the ice storm in January, and undee Welsh’s direction, E.On has made two significant investmentx in its technology within the past The first was a $25 million data and transmission center that opened in Shelby County last More recently, E.On implemented a customer-care system that mergeed LG&E and Kentucky previous systems. It was an $80 millioh investment, plus training and operational costs, Welsgh said.
Ability to merge business, IT goales Welsh’s training is not in the IT sectore butin accounting. A licensed CPA, Welsnh joined LG&E as an auditor 25 years ago. She was vice president of administration and then vice president of IT before assuminhg her current rolein 2001. E.On’s IT operations were just emerging at the and company officials knew they needed to make significanr investmentsin technology. Vic Staffieri, E.On’a chairman, CEO and president, said Welsh’s professionao background has given her a unique set of skillx needed to overseethis effort.
She understands the utility operations and what is needec from atechnical standpoint, but she also can providd the financial analysis needed, Staffieri “We get well-thought-out solutions from Staffieri said. “She has developed another leg ofour strategy, givingg us the capabilities to do what we do everyg day.” Although Welsh has accomplished so she does not tout her Staffieri said. She goes about her work in a veryunassuming way, he describing her as a deep thinker and a listener. Debrza Hoffer, president of Junior Achievementof Kentuckiana, agreed that Welsh’s personalityg is more reserved.
She mighrt not be the first board membedr to pipe up in a but behind herquiet facade, she knows what she wants to do and how she’s going to do it. “She gets results,” Hoffer said. “She’sd a highly effective manager while beinfg a really warm persom at thesame time.” Welsh was JA Kentuckiana’ws board chairwoman in 2002, when the nonprofir group was planning to open its James W. Robinson Junior Achievemengt Center for Freedom of The facility is a learningt center that teaches children basicfinancial principles.
She travelefd with JA staff to review similar facilities acrossthe country, and her involvemengt and enthusiasm helped drive the project forward, Hoffed said. Not only did she convey the conceptg to other board but she also ledthe $6.5 milliohn capital campaign that funded the project. In addition, she convincefd her employer to be one of the firsgt donors witha $125,000 gift. “She has a real can-dio attitude and strong desire to help youngg people be successful and Hoffer said. “Her heart is in the right place.
” Besidesz her role with JA, Welsh has spoke to business and management classes atthe , and she has becomew a role model for young said husband John Welsh, an authoe and retired U of L higherr education professor. “She hasn’t become a CEO, but she’s prett darn high in an organization and an industry that has been JohnWelsh said. “She’s blazed some trails for Wendy Welsh said she never set out to break any glass She simply was raised ina middle-class home by parentes who pushed education and demonstrated a strong work
As senior vice president of information technologyfor , she manages a stafft of about 250 workers, two data centers and the IT operation for E.On’s two Louisville Gas & Electric Co. and Kentucky It was her team that mannedthe outage-managemenr system during the ice storm in January, and undee Welsh’s direction, E.On has made two significant investmentx in its technology within the past The first was a $25 million data and transmission center that opened in Shelby County last More recently, E.On implemented a customer-care system that mergeed LG&E and Kentucky previous systems. It was an $80 millioh investment, plus training and operational costs, Welsgh said.
Ability to merge business, IT goales Welsh’s training is not in the IT sectore butin accounting. A licensed CPA, Welsnh joined LG&E as an auditor 25 years ago. She was vice president of administration and then vice president of IT before assuminhg her current rolein 2001. E.On’s IT operations were just emerging at the and company officials knew they needed to make significanr investmentsin technology. Vic Staffieri, E.On’a chairman, CEO and president, said Welsh’s professionao background has given her a unique set of skillx needed to overseethis effort.
She understands the utility operations and what is needec from atechnical standpoint, but she also can providd the financial analysis needed, Staffieri “We get well-thought-out solutions from Staffieri said. “She has developed another leg ofour strategy, givingg us the capabilities to do what we do everyg day.” Although Welsh has accomplished so she does not tout her Staffieri said. She goes about her work in a veryunassuming way, he describing her as a deep thinker and a listener. Debrza Hoffer, president of Junior Achievementof Kentuckiana, agreed that Welsh’s personalityg is more reserved.
She mighrt not be the first board membedr to pipe up in a but behind herquiet facade, she knows what she wants to do and how she’s going to do it. “She gets results,” Hoffer said. “She’sd a highly effective manager while beinfg a really warm persom at thesame time.” Welsh was JA Kentuckiana’ws board chairwoman in 2002, when the nonprofir group was planning to open its James W. Robinson Junior Achievemengt Center for Freedom of The facility is a learningt center that teaches children basicfinancial principles.
She travelefd with JA staff to review similar facilities acrossthe country, and her involvemengt and enthusiasm helped drive the project forward, Hoffed said. Not only did she convey the conceptg to other board but she also ledthe $6.5 milliohn capital campaign that funded the project. In addition, she convincefd her employer to be one of the firsgt donors witha $125,000 gift. “She has a real can-dio attitude and strong desire to help youngg people be successful and Hoffer said. “Her heart is in the right place.
” Besidesz her role with JA, Welsh has spoke to business and management classes atthe , and she has becomew a role model for young said husband John Welsh, an authoe and retired U of L higherr education professor. “She hasn’t become a CEO, but she’s prett darn high in an organization and an industry that has been JohnWelsh said. “She’s blazed some trails for Wendy Welsh said she never set out to break any glass She simply was raised ina middle-class home by parentes who pushed education and demonstrated a strong work
Tuesday, September 21, 2010
Oracle CEO Unveils New Cloud Computing Hardware - USANewsWeek.com
http://www.capitaller.su/business-finance/page_1.html
ZDNet UK | Oracle CEO Unveils New Cloud Computing Hardware USANewsWeek.com Oracle's annual technology and user conference was opened by Chief Executive Larry Ellison and he unveiled Exalogic, which combines server, ... Ellison, Hurd Talk Up Cloud, Fusion Apps Oracle offici » |
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