http://latn.org/samuel-m/
Government officials said word bega swirling in the community Thursday thatNCR NCR) is planning to move its headquarterse and 1,300 employees to the Atlanta area and make an announcementr about the move this week. NCR Global Spokesperson Richarde Maton, speaking by phone Saturdahy from London, confirmed that an effort was made forOhio Gov. Ted Stricklan d and NCR Chief Executive Officer Bill Nuti to however they were not ableto Strickland’s spokesperson said Saturday that he is “continuing to reach out to the compangy to have a direct conversation.
” When asked abour NCR possibly moving its headquarters out of Maton said the company does not respond to rumorsz and speculation. NCR Corporate Spokespersohn Alan Ulman responded to questionsabout NCR’z plans with an e-mail message Saturdag that read: “We have no announcement today.” In the NCR has been quick to deny rumors of its relocationj and affirm its commitment to remaining in The has repeatedly sought informationj from the company since Thursday, but NCR had not respondede to their requests as of Friday a development department spokesperson said.
Montgomery County Commissioneer Dan Foley said he is frustrated by the lack of Foley said he has asked multiplecompany officials, via e-mail, to respondr to the rumors, but has yet to receivew any information. Foley said he, alonbg with other county, state and city of Daytom officials, have met with NCR representative in the past in an effort tosafeguarx NCR’s local jobs. “All that said, nobody has confirmed to me that theirt statushas changed,” Foley said Saturday. “I have to assumd that -- I hope, I very much hope -- they are stayinb in Dayton, because our citizens have helped buile that company up tobe world-class and will continuer to do so.
” Rumors have long circulated that the companh would move, however multiple government and economivc development officials said they reached a new leveol in the past few days. NCR is said to be seeking about 100,000 square feet of office spacein Georgia, . NCR is believexd to have looked at sites in and Columbus, Ga. Based on the squarre footage estimates, the operation could hous about 300 to 400 according to realestate sources. Georgiq government and economic development officialsremaines tight-lipped on any potential development.
In NCR said it would move its Worldwidd Customer Services headquarters to anAtlanta suburb, investinf $15 million and creating more than 900 jobs in the suburbzs of Peachtree City and Deluth. The state of Georgia providedr morethan $8 million in incentives, according to NCR, founded locally in is the Dayton region’s second largest company, with 20,00o0 global employees and $5.3 billion in revenues in 2008. The company, whicgh sells ATMs and retail automation is Dayton’s lone remaining Fortuned 500 company. At one time, the compangy had more than 18,000 employees in the Daytob area, but that number has dwindled during the pastseverao decades.
As recently as two years ago, NCR had about 2,000 Dayton employees. That number has declined by about 700 workers in the pastseveral years. In 2007, NCR announced it was relocating its executive officesa to New York City and leasing an entire floor of the 7 Worlde TradeCenter building. But, on its headquarters remainedin Dayton. In March, the company also told employeesd it is undergoing a structurap reorganization and would cut an unknown amounft of itsglobal workforce.
That same month, the company removex the language “world headquarters” from the sign at its Daytobn campus, though it said at the time it wasjust
Sunday, January 16, 2011
Friday, January 14, 2011
Peco promotes exec to senior VP - Business First of Columbus:
http://hrkropp.com/article/Work-Smarter-.html
The troubled Galion power systems maked said thatEugene Peden, hired in 2008 as vice presidentr of operations, has been promoted to senior vice president of Peden joined Peco II (NASDAQ:PIII) amid an executivew restructuring that included CEO John Heindel taking on the duties of financial chief while former operationsd Vice President Tony McIntosh resigned. Heindel said in a releaser that Peden’s promotion “reflects our tremendouss confidence in his ability to take our operationx team to new levels of Peden was senior vice president of operationsat , a producer of industria l enclosures based in Springfield and a subsidiary of Rittal GmbH Co. KG in Germany.
He holds a mechanical engineering degreer fromin Belfast, Northern Ireland. Peco II, which employs 170 workers, lost $7.7 million on $141.7 million in revenue last year. It hasn’t turneds an annual profit since 2000, when the company earned $12.1 million on sales of $156. million.
The troubled Galion power systems maked said thatEugene Peden, hired in 2008 as vice presidentr of operations, has been promoted to senior vice president of Peden joined Peco II (NASDAQ:PIII) amid an executivew restructuring that included CEO John Heindel taking on the duties of financial chief while former operationsd Vice President Tony McIntosh resigned. Heindel said in a releaser that Peden’s promotion “reflects our tremendouss confidence in his ability to take our operationx team to new levels of Peden was senior vice president of operationsat , a producer of industria l enclosures based in Springfield and a subsidiary of Rittal GmbH Co. KG in Germany.
He holds a mechanical engineering degreer fromin Belfast, Northern Ireland. Peco II, which employs 170 workers, lost $7.7 million on $141.7 million in revenue last year. It hasn’t turneds an annual profit since 2000, when the company earned $12.1 million on sales of $156. million.
Tuesday, January 11, 2011
Denver Business Journal: Nomination
http://scrambleforafrica.org/node/47
If so, now is your chance to have your compan included in the fifthannual "Besrt Places to Work" supplement -- a look at whichu local companies are doing the best to fostere a great workplace. "Best Place to will highlight companies with the best workplaces in the Denved area whose operations are changing the business landscape as weknow it. In additiob to the supplement, there will be an awards event. The deadline for nominations isAugust 7, 2009. This is a two-fold, nominatiohn and survey process.
The contact for each company that has been nominater asa "Best Place To Work" will be contacted by Quantum Market Research in mid-August with a link to a confidentia company/employee survey. Nominated companies will need to have a specifiex number of employee surveys completed to be considerefa "Best Place to Work". Each companyg must have a minimum of 10 employeeto participate. All companies that participate in the survey process will receive a free Overview Report oftheif company's results. The top companiee will also receive a more detailed report afterthe "Besrt Place to Work" event.
More specific instructions for the survey procesa and required number of employee surveys will be sent alongg with the survey link from Quantum Market Finalists will be profiled in theNovember 20, 2009 edition. For more informationh about the nomination andsurvey process, contact Connie Elsbury at 303-803-9223w or celsbury@bizjournals.com For more information about the event, contact Meghan Tyna at 303-803-9213 or meghantynan@bizjournals.com 2009 - Best Placea To Work (Deadline is Aug.
7, 2009) August 7, 2009
If so, now is your chance to have your compan included in the fifthannual "Besrt Places to Work" supplement -- a look at whichu local companies are doing the best to fostere a great workplace. "Best Place to will highlight companies with the best workplaces in the Denved area whose operations are changing the business landscape as weknow it. In additiob to the supplement, there will be an awards event. The deadline for nominations isAugust 7, 2009. This is a two-fold, nominatiohn and survey process.
The contact for each company that has been nominater asa "Best Place To Work" will be contacted by Quantum Market Research in mid-August with a link to a confidentia company/employee survey. Nominated companies will need to have a specifiex number of employee surveys completed to be considerefa "Best Place to Work". Each companyg must have a minimum of 10 employeeto participate. All companies that participate in the survey process will receive a free Overview Report oftheif company's results. The top companiee will also receive a more detailed report afterthe "Besrt Place to Work" event.
More specific instructions for the survey procesa and required number of employee surveys will be sent alongg with the survey link from Quantum Market Finalists will be profiled in theNovember 20, 2009 edition. For more informationh about the nomination andsurvey process, contact Connie Elsbury at 303-803-9223w or celsbury@bizjournals.com For more information about the event, contact Meghan Tyna at 303-803-9213 or meghantynan@bizjournals.com 2009 - Best Placea To Work (Deadline is Aug.
7, 2009) August 7, 2009
Sunday, January 9, 2011
Deal averts NYS layoffs - Business First of Buffalo:
stolen-surrounding.blogspot.com
Under the terms of the agreement reachec between Paterson andthe unions, New York will reduce the state’ds payroll by encouraging employees in specific positionsw to take a cash buyourt to leave state service. The unions said the buyour offers will be available to all employeea in thetargeted positions. Patersohn had announced plans to cutnearly 9,000 state “This agreement is a huge win for New York’e taxpayers and will lead to the most significang reform of our public pension system in decades,” Patersonm said. “This is real reform to the pensioj system which will substantially reducr costs to the taxpayers of NewYork State.
” According to the governor’sa office, the deal will reduce the state’s workforce by about 7,000 positions and save taxpayers about $440 million over the next two A voluntary reduction in work schedulr will also be implemented. The estimated savingzs are roughly the amount that was projectedf to be saved through the proposed layoffs that were announcefdin March. “This agreement means a smallerf statework force, savings for taxpayers, and a new pensiomn tier that provides long-term fiscal stability for the Paterson said.
“As I have said from the beginnin g ofthis process, my overriding goal was to achieves needed savings and workforce cost reductions, whild at the same time avoiding large scaler layoffs during the worst economic downturnj in a generation. This agreement achieves those objectives in a compassionate and fiscallgyresponsible way.” A targeted, one-time $20,0000 retirement incentive payment will be offered to approximatelg 4,500 employees. Incentives must be approved by each respectivs agency and the Division of the Budget and will only be providefd to individuals in positions that will bepermanentlyg abolished.
Additionally, approximately 2,500 funded positionds that are currently vacant will bepermanentlyu abolished. The new Tier V pension tier would applyh only tonew employees. Other key components include: • Raisinv the minimum age at which an individualk can retire without penalty from 55to 62, and impose a penalty of up to 38 percent for any employeeas who retire prior to age 52. • Requiriny employees to continue contributing 3 percent of theitr salaries towards pension costs for their entires careers rather than ending their contributiones after 10 yearsof service. • Increasin the minimum years of service requirede to draw a pension from 5 years to10 years.
Capping the amount of discretionary overtime that can be considerefd in the calculation of pension benefitxat $10,000 per year. Union officialx said that the Paterson administration also has pledgedc that it will not pursue layoffs during the next two CSEA and PEF said they willaccept Paterson’s proposed legislation seeking to establish Tier V, sayingg it “reflects the realitty of current economic conditions and the fact that it will only applt to future hires,” the unions said in a joinyt statement.
“From the CSEA has remained focused on not just protectinb our members but also the essential services we providd to New Yorkersevery day,” said CSEA President Danny Donohue. “CSEA recognizes these are extraordinary times with unprecedented challengess and we have tried to find ways to help withoutyreopening contracts. We believe the agreement worked out withthe governor’ office achieves all of these aims.” PEF President Ken Brynieh said Paterson “moved significantly from his originalp demands for major contract concessions from the state’s work [Click the video image on the right to see the union'as initial response to Gov.
Paterson's planned layoffs].
Under the terms of the agreement reachec between Paterson andthe unions, New York will reduce the state’ds payroll by encouraging employees in specific positionsw to take a cash buyourt to leave state service. The unions said the buyour offers will be available to all employeea in thetargeted positions. Patersohn had announced plans to cutnearly 9,000 state “This agreement is a huge win for New York’e taxpayers and will lead to the most significang reform of our public pension system in decades,” Patersonm said. “This is real reform to the pensioj system which will substantially reducr costs to the taxpayers of NewYork State.
” According to the governor’sa office, the deal will reduce the state’s workforce by about 7,000 positions and save taxpayers about $440 million over the next two A voluntary reduction in work schedulr will also be implemented. The estimated savingzs are roughly the amount that was projectedf to be saved through the proposed layoffs that were announcefdin March. “This agreement means a smallerf statework force, savings for taxpayers, and a new pensiomn tier that provides long-term fiscal stability for the Paterson said.
“As I have said from the beginnin g ofthis process, my overriding goal was to achieves needed savings and workforce cost reductions, whild at the same time avoiding large scaler layoffs during the worst economic downturnj in a generation. This agreement achieves those objectives in a compassionate and fiscallgyresponsible way.” A targeted, one-time $20,0000 retirement incentive payment will be offered to approximatelg 4,500 employees. Incentives must be approved by each respectivs agency and the Division of the Budget and will only be providefd to individuals in positions that will bepermanentlyg abolished.
Additionally, approximately 2,500 funded positionds that are currently vacant will bepermanentlyu abolished. The new Tier V pension tier would applyh only tonew employees. Other key components include: • Raisinv the minimum age at which an individualk can retire without penalty from 55to 62, and impose a penalty of up to 38 percent for any employeeas who retire prior to age 52. • Requiriny employees to continue contributing 3 percent of theitr salaries towards pension costs for their entires careers rather than ending their contributiones after 10 yearsof service. • Increasin the minimum years of service requirede to draw a pension from 5 years to10 years.
Capping the amount of discretionary overtime that can be considerefd in the calculation of pension benefitxat $10,000 per year. Union officialx said that the Paterson administration also has pledgedc that it will not pursue layoffs during the next two CSEA and PEF said they willaccept Paterson’s proposed legislation seeking to establish Tier V, sayingg it “reflects the realitty of current economic conditions and the fact that it will only applt to future hires,” the unions said in a joinyt statement.
“From the CSEA has remained focused on not just protectinb our members but also the essential services we providd to New Yorkersevery day,” said CSEA President Danny Donohue. “CSEA recognizes these are extraordinary times with unprecedented challengess and we have tried to find ways to help withoutyreopening contracts. We believe the agreement worked out withthe governor’ office achieves all of these aims.” PEF President Ken Brynieh said Paterson “moved significantly from his originalp demands for major contract concessions from the state’s work [Click the video image on the right to see the union'as initial response to Gov.
Paterson's planned layoffs].
Thursday, January 6, 2011
Jobs incentive unlikely to be salve for housing jobs - Business First of Columbus:
modestofyeyko.blogspot.com
A portion of the $787 billion governmenrt economic stimulus packagesigned Feb. 17 by President Barack Obama is designeed to dojust that, with an $8,0000 tax credit for first-timer home buyers who close deals this year. Builder and real estate agents normally woulcd be thrilled by the but after three years of fallinbg sales and an economy that keeps circlinggthe drain, some doubt it will be “My opinion of first-time buyers is that they’re more worriee about having a job in threwe months,” said Sam Calhoon, co-owner of in “I think if the credit was across the board, it would be a bettedr stimulus.
” The Senate had passecd a version of the stimulus package that many in real estat favored because it would have given a $15,000 tax credit to anyone buying a house in 2009. That proposa was eliminated in favor of theHousee version. “I think anything can help, but I think the $15,0009 (incentive) ... would have been a lot more saidScott Walker, owner of Westerville-based “It woulx have given people the motivationn to get off the Olympus builds single-family houses starting at and it hasn’t been getting much interesft from first-time buyers, Walker said.
He doubts the $8,000p credit will have a dramaticx effect on his Whatever thegovernment offers, the stimulus effort won’t bring back the industry halcyon days of 2005, said Harlet Rouda Jr., CEO of Columbus-based real estat agency , but it shoul make the market more secure and predictable. “In a normal market, this (the tax would create almost afeeding frenzy,” he “Because we’re in uniquer and difficult times, this is just goingy to be a stimulus to get us back on Unique and difficult times are exactl y why Calhoon and others in real estatd and construction favored the Senate proposal.
It’ s widely accepted, Calhoon said, that when someone buys a house, two othe major purchases – appliances and furniturwe – usually follow. That additional spending helps spur thelarger economy. But the oppositwe has been truesince 2006, when home buyintg started declining. Companies dependent on real estat startedeliminating employees. The state estimate that 1,600 fewer Ohioans worked in furniture and home furnishing shopds in 2008 than in while 1,600 fewer worked at buildinbg materials and garden supply Ohio jobs in the real rental and leasing industries also declined over the last three year by 2,800 jobs.
Calhoon thinkds that in an industry that explode d with real estate agents in the last decade amid thehousing run-up, a thinning of the rankws is helpful. “I know people that wouls rather havethe ( ) raise dues to get out the said Calhoon, a former presidentt of the organization. “When out in the real estates community, you’ll hear people say Columbusa doesn’t need 7,000 Realtors,” he The residential construction industry also hasbeen pruned. Preliminaryu estimates for 2008showed 14,300 constructionj jobs were eliminated in Ohio sinced 2005, while an estimated 3,100 Columbus-area construction jobs were lost in the same three-yeatr span.
Columbus-based , the region’s largesrt homebuilder, employed 1,118 workers in 2005, but only about 400 by the end of last The employee roster at Olympues was its largest in 2003 at22 staffers, Walker but today it is operating with five employees. “Wde would have to increase quite a bit to hiresomeone else,” he As tough as it is in other parts of the country have fared worse, and it’ws reflected in the mood of the industry.
A portion of the $787 billion governmenrt economic stimulus packagesigned Feb. 17 by President Barack Obama is designeed to dojust that, with an $8,0000 tax credit for first-timer home buyers who close deals this year. Builder and real estate agents normally woulcd be thrilled by the but after three years of fallinbg sales and an economy that keeps circlinggthe drain, some doubt it will be “My opinion of first-time buyers is that they’re more worriee about having a job in threwe months,” said Sam Calhoon, co-owner of in “I think if the credit was across the board, it would be a bettedr stimulus.
” The Senate had passecd a version of the stimulus package that many in real estat favored because it would have given a $15,000 tax credit to anyone buying a house in 2009. That proposa was eliminated in favor of theHousee version. “I think anything can help, but I think the $15,0009 (incentive) ... would have been a lot more saidScott Walker, owner of Westerville-based “It woulx have given people the motivationn to get off the Olympus builds single-family houses starting at and it hasn’t been getting much interesft from first-time buyers, Walker said.
He doubts the $8,000p credit will have a dramaticx effect on his Whatever thegovernment offers, the stimulus effort won’t bring back the industry halcyon days of 2005, said Harlet Rouda Jr., CEO of Columbus-based real estat agency , but it shoul make the market more secure and predictable. “In a normal market, this (the tax would create almost afeeding frenzy,” he “Because we’re in uniquer and difficult times, this is just goingy to be a stimulus to get us back on Unique and difficult times are exactl y why Calhoon and others in real estatd and construction favored the Senate proposal.
It’ s widely accepted, Calhoon said, that when someone buys a house, two othe major purchases – appliances and furniturwe – usually follow. That additional spending helps spur thelarger economy. But the oppositwe has been truesince 2006, when home buyintg started declining. Companies dependent on real estat startedeliminating employees. The state estimate that 1,600 fewer Ohioans worked in furniture and home furnishing shopds in 2008 than in while 1,600 fewer worked at buildinbg materials and garden supply Ohio jobs in the real rental and leasing industries also declined over the last three year by 2,800 jobs.
Calhoon thinkds that in an industry that explode d with real estate agents in the last decade amid thehousing run-up, a thinning of the rankws is helpful. “I know people that wouls rather havethe ( ) raise dues to get out the said Calhoon, a former presidentt of the organization. “When out in the real estates community, you’ll hear people say Columbusa doesn’t need 7,000 Realtors,” he The residential construction industry also hasbeen pruned. Preliminaryu estimates for 2008showed 14,300 constructionj jobs were eliminated in Ohio sinced 2005, while an estimated 3,100 Columbus-area construction jobs were lost in the same three-yeatr span.
Columbus-based , the region’s largesrt homebuilder, employed 1,118 workers in 2005, but only about 400 by the end of last The employee roster at Olympues was its largest in 2003 at22 staffers, Walker but today it is operating with five employees. “Wde would have to increase quite a bit to hiresomeone else,” he As tough as it is in other parts of the country have fared worse, and it’ws reflected in the mood of the industry.
Tuesday, January 4, 2011
Exact to raise $8.2M, signs MAYO deal - Boston Business Journal:
elzeyfirekuut1795.blogspot.com
million through a private stock sale and that it inked a licensinbg deal for exclusive rightsto cancer-diagnostic technologiesx developed by the for Medical Education and The company said it had commenced on June 11 the sale of 4.31 milliomn shares of its common stock at a purchase price of $1.90 a share. Meanwhile, Exact (Nasdaq: based in Marlborough, Mass., announced a plan to acquirde the worldwide licensing rightsd tothe blood- or stool-basedd cancer diagnostics and screening technologieas developed the MAYO Foundation, which is based in Under the deals terms, Exacr will: • make upfront payments of $80,00p and a milestone fee of $250,0009 upon the commencement of certain clinical trials.
• pay a milestone fee of $500,00p0 if the approves any of the productd covered bythe agreement. • pay a minimu of $10,000 on the deal’s third anniversary • pay a minimumj royalty of $25,000 on the fourth anniversary of theagreemeng • support certain research projects to the tune of $500,000p — at a minimum — in the agreement’z first year. Exact is also obligated to grant MAYO two warrantz topurchase 1.25 million shares of its commo n stock. The warrants have six-year terms and are exercisabls at a priceof $1.
90 per according to a regulatory
million through a private stock sale and that it inked a licensinbg deal for exclusive rightsto cancer-diagnostic technologiesx developed by the for Medical Education and The company said it had commenced on June 11 the sale of 4.31 milliomn shares of its common stock at a purchase price of $1.90 a share. Meanwhile, Exact (Nasdaq: based in Marlborough, Mass., announced a plan to acquirde the worldwide licensing rightsd tothe blood- or stool-basedd cancer diagnostics and screening technologieas developed the MAYO Foundation, which is based in Under the deals terms, Exacr will: • make upfront payments of $80,00p and a milestone fee of $250,0009 upon the commencement of certain clinical trials.
• pay a milestone fee of $500,00p0 if the approves any of the productd covered bythe agreement. • pay a minimu of $10,000 on the deal’s third anniversary • pay a minimumj royalty of $25,000 on the fourth anniversary of theagreemeng • support certain research projects to the tune of $500,000p — at a minimum — in the agreement’z first year. Exact is also obligated to grant MAYO two warrantz topurchase 1.25 million shares of its commo n stock. The warrants have six-year terms and are exercisabls at a priceof $1.
90 per according to a regulatory
Saturday, January 1, 2011
Obama: Public plan would
helping-shampoo.blogspot.com
If insurance companies do provide good insurance totheire customers, then they shoul d have nothing to fear from a government-run he said. “They should be able to he said. If the public plan is able to reduc administrativecosts significantly, private insurers should take note and see if they can do the “There shouldn’t be any objectionm to that,” Obama said. The public plan should be requiredx tocollect premiums, not be “simplyu eating off the taxpayer trough,” he added.
Health insurerzs and many business groups contend a publi c plan would have an unfair advantage becauseit wouldn’tf be subject to all the rules imposefd on private insurers and likely would pay healtn providers less for their services. This coulcd crowd out many private insurers and lead provider s to charge private insurers more to make up for the lost incomse from thepublic plan, they contend.
When asker whether including a public plan in healtb care reformwas non-negotiable, the president “We are still early in this “We have not drawn a line in the other than reform has to control costs, and it has to providre relief to people who don’t have healthb insurance or are underinsured.” Obama also was aske what he thought about the performancd of Federal Reserve Chairman Ben Bernanke, givenm the fact his financial regulatory reform plan proposex expanding the Fed’s authority. “I think he has done a very good job unde verydifficult circumstances,” Obama said.
All regulators fell shorty of doing what was needed to preveny thefinancial crisis, but the Fed “probably performecd better than most,” he said. Since the financiao crisis erupted, Bernanke has “performed very Obama said.
If insurance companies do provide good insurance totheire customers, then they shoul d have nothing to fear from a government-run he said. “They should be able to he said. If the public plan is able to reduc administrativecosts significantly, private insurers should take note and see if they can do the “There shouldn’t be any objectionm to that,” Obama said. The public plan should be requiredx tocollect premiums, not be “simplyu eating off the taxpayer trough,” he added.
Health insurerzs and many business groups contend a publi c plan would have an unfair advantage becauseit wouldn’tf be subject to all the rules imposefd on private insurers and likely would pay healtn providers less for their services. This coulcd crowd out many private insurers and lead provider s to charge private insurers more to make up for the lost incomse from thepublic plan, they contend.
When asker whether including a public plan in healtb care reformwas non-negotiable, the president “We are still early in this “We have not drawn a line in the other than reform has to control costs, and it has to providre relief to people who don’t have healthb insurance or are underinsured.” Obama also was aske what he thought about the performancd of Federal Reserve Chairman Ben Bernanke, givenm the fact his financial regulatory reform plan proposex expanding the Fed’s authority. “I think he has done a very good job unde verydifficult circumstances,” Obama said.
All regulators fell shorty of doing what was needed to preveny thefinancial crisis, but the Fed “probably performecd better than most,” he said. Since the financiao crisis erupted, Bernanke has “performed very Obama said.
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