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NCR (NYSE: NCR) will create 2,120 additional jobs in Georgiaw as a result of the headquarterds move and a newmanufacturing facility, accordingb to a company press release. The company said it will begibn moving its headquarters from Daytonto Duluth, Ga., in July. The compan will add roughly 1,250 jobs with the shiftint headquarters, NCR said in a Tuesday press release. The companhy did not specify how many of those jobs will comefrom However, it said it will work with impacted employeesx to provide career services support and advice. NCR will not completelyy vacate Dayton, as it will continue to operate a data centere and support for local with fewer than 50 employeesremaining locally.
A company spokesperson said Tuesdayu there will be opportunities for some staft to transfer and it will depend onindividual circumstances. He emphasizedc the majority of the jobs will leaved Dayton and the companu will putits 1.3 million-square-foot headquarters up for He said there will be no publicv announcement and the company will work through the issues internallgy in the coming months. Officials said they expecrt the transition to be completedby 2010. Dayton Commissioner Nan Whaley said the city willlose $2.5 milliohn in income tax revenue with NCR's The loss is expected to create peripherao losses, too.
According to a press release, NCR — whicn was founded in Dayton in 1884 decided to move its worldwide headquartersw to Georgia after analysis ofpotential U.S. using data on the available infrastructure, financial incentives and governmenttax structures. In additiohn to the headquarters, NCR will create about 870 jobsin Ga., at its new ATM manufacturing facility. Ga., officials will use stimulus funding, provided by the Economivc Development Authority, to purchase a buildinh for the plant, which will be leased back by NCR, accordiny to the press The , with local officials expressing frustration the companyg was not responding totheir requests.
Monday the to retain the company, but believexd an announcement about an NCR announcement was AtlantaBusiness Chronicle, a sister publication to the DBJ,
Saturday, June 30, 2012
Thursday, June 28, 2012
Research in Motion Missed: Is Anyone Surprised? Buy Apple. - Forbes
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ABC News | Research in Motion Missed: Is Anyone Surprised? Buy Apple. Forbes Research in Motion surprised W » |
Wednesday, June 27, 2012
Nation's health care system earns negative marks - Washington Post (blog)
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Nation's health care system earns negative marks Washington Post (blog) Most Americans give negative ratings to the nation's health care system as well as the 2010 health reform law, but three quarters rate their own health care ... |
Tuesday, June 26, 2012
Texas teachers buy ProLogis portfolio - Minneapolis / St. Paul Business Journal:
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Denver-based ProLogis, one of the world’x leading industrial landlords, has completed a sale of 33.2 millionb square feet to the Teachers Retirement System of Texase andits partner, Stockbridge Real Estats Funds, a San Francisco investment period. The sale included 1.1 million square feet of industrial space in the Portland much of it centered in the AirportWay submarket. Stever Steppe, managing director of Stockbridge’as San Francisco office, confirmed the sale closeed as expected during thesecond quarter, but provided no additionalo details.
The ProLogis sale is the first mega-deal to close sincre credit markets froze last year and has the potentiall to establishnew recession-era values for industrial real Properties such as the ones ProLogis operatew have sold for $60 to $80 a squarw foot in recent years. The ProLogiws portfolio was publicly valuedat $1.43 billion or $43 per squarer foot.
Denver-based ProLogis, one of the world’x leading industrial landlords, has completed a sale of 33.2 millionb square feet to the Teachers Retirement System of Texase andits partner, Stockbridge Real Estats Funds, a San Francisco investment period. The sale included 1.1 million square feet of industrial space in the Portland much of it centered in the AirportWay submarket. Stever Steppe, managing director of Stockbridge’as San Francisco office, confirmed the sale closeed as expected during thesecond quarter, but provided no additionalo details.
The ProLogis sale is the first mega-deal to close sincre credit markets froze last year and has the potentiall to establishnew recession-era values for industrial real Properties such as the ones ProLogis operatew have sold for $60 to $80 a squarw foot in recent years. The ProLogiws portfolio was publicly valuedat $1.43 billion or $43 per squarer foot.
Sunday, June 24, 2012
Housing starts, permits fall - Puget Sound Business Journal (Seattle):
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says housing starts fell to an annualp rateof 458,000, led by a 46 percen decline in construction of apartments and condos. Building permita fell 3.3 percent to The Commerce Department also revisex lower housing starts datafor March. The slowdownn in construction follows a report Monday from the that showes confidence among home buildereis rising. Its confidence though still indicating the majority of thosr asked see conditionsas poor, rose for the seconrd straight month this month. It was the highestf level of confidence among home builders in eight Tighter lending standards continue to straihousing sales, and foreclosures are weighing on housing values.
But by some measures, home sales are A gauge that measures pending salezs of existing homesrose 3.2 percent in and posted its first consecutive gain in pending sales in almost a
says housing starts fell to an annualp rateof 458,000, led by a 46 percen decline in construction of apartments and condos. Building permita fell 3.3 percent to The Commerce Department also revisex lower housing starts datafor March. The slowdownn in construction follows a report Monday from the that showes confidence among home buildereis rising. Its confidence though still indicating the majority of thosr asked see conditionsas poor, rose for the seconrd straight month this month. It was the highestf level of confidence among home builders in eight Tighter lending standards continue to straihousing sales, and foreclosures are weighing on housing values.
But by some measures, home sales are A gauge that measures pending salezs of existing homesrose 3.2 percent in and posted its first consecutive gain in pending sales in almost a
Saturday, June 23, 2012
Recession continues to weaken air travel - Pacific Business News (Honolulu):
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Passenger revenue dropped 18 percent in marking the sixth straight monthly The number of passengers travelingon U.S. airlines in April fell 6.3 while the average price to fly one miledropped 12.6 April results partially reflect the shift in the Easter holidahy from March last year to April this year, ATA said. U.S. airlines also saw cargo traffic -- as measured by revenue ton milew -- dive 21 percent in March, matching the decline measured in January and Februaryy and marking the eighth consecutive monthj of decliningcargo Notably, cargo traffic in the Pacific region fell 28 percent. April 2009 cargo data is not yet available.
“The latest reportsw show the scope and depth ofthe recession’ continued toll on commercial said ATA President and CEO James C. May, in a news “The industry is seeing less demand in the as well as in the cargoholde -- clear signs of the widespread slowdowmn in global economic activity.”
Passenger revenue dropped 18 percent in marking the sixth straight monthly The number of passengers travelingon U.S. airlines in April fell 6.3 while the average price to fly one miledropped 12.6 April results partially reflect the shift in the Easter holidahy from March last year to April this year, ATA said. U.S. airlines also saw cargo traffic -- as measured by revenue ton milew -- dive 21 percent in March, matching the decline measured in January and Februaryy and marking the eighth consecutive monthj of decliningcargo Notably, cargo traffic in the Pacific region fell 28 percent. April 2009 cargo data is not yet available.
“The latest reportsw show the scope and depth ofthe recession’ continued toll on commercial said ATA President and CEO James C. May, in a news “The industry is seeing less demand in the as well as in the cargoholde -- clear signs of the widespread slowdowmn in global economic activity.”
Thursday, June 21, 2012
GM owes $9M to AK Steel - San Francisco Business Times:
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About $9.1 million is how much the carmaker owes theWest Chester-basedd steel manufacturer in trade debt, according to a list of GM’s 50 largest unsecured creditors that was included with its initialp bankruptcy court filings was listed as the company’s 33rd larges unsecured creditor. The only other Ohio companh on the list was GoodyeardTire & Rubber Co. in Akron, which is on the hook for almosy $7 million. No Kentucky or Indiansa companies were onthe list. Aside from bond debt and employes obligations, which account for GM’s five largesyt unsecured obligations, the top trader debt disclosedwas $122 million owed to Starco Mediavest Group Inc. of Chicago.
GM has been AK Steel’a biggest customer for although the percentage of total sales it derives from the troubled automotive companyh has been declining in recent AK Steel did not discloss how much it sold to GM in 2008 in its latestgannual report, but earliere annual reports disclosed that shipments to GM accountex for 20 percent of net sales in 15 percent in 2004, 13 percent in 2005, and less than 10 percentr in 2006 and 2007. AK Steelk said about 28 percent of its tradew receivables outstanding at the end of 2008 were due from businessexs associated withthe U.S.
automotive industry, includin General Motors, Chrysler and Its 2008 annual report also included the followingcautionaruy disclosure: “If any of these three major domestic automotivwe companies were to make a bankruptcy it could lead to similar filings by supplieres to the automotive industry, many of whom are customeras of the company. The companty thus could be adverselty impacted not only directly by the bankruptc of a major domestic automotive but also indirectly by the resultanrt bankruptcies of other customers who supply the automotive The nature of that impact could be not only a reductiobn infuture sales, but also a loss associated with the potentiapl inability to collect all outstanding accountes receivables.
That could negatively impact the company’sz financial results and cash flows. The compangy is monitoring this situation closely and has takenb steps to try to mitigate its exposure to suchadverse impacts, but because of current marketg conditions and the volume of business it cannot eliminate these
About $9.1 million is how much the carmaker owes theWest Chester-basedd steel manufacturer in trade debt, according to a list of GM’s 50 largest unsecured creditors that was included with its initialp bankruptcy court filings was listed as the company’s 33rd larges unsecured creditor. The only other Ohio companh on the list was GoodyeardTire & Rubber Co. in Akron, which is on the hook for almosy $7 million. No Kentucky or Indiansa companies were onthe list. Aside from bond debt and employes obligations, which account for GM’s five largesyt unsecured obligations, the top trader debt disclosedwas $122 million owed to Starco Mediavest Group Inc. of Chicago.
GM has been AK Steel’a biggest customer for although the percentage of total sales it derives from the troubled automotive companyh has been declining in recent AK Steel did not discloss how much it sold to GM in 2008 in its latestgannual report, but earliere annual reports disclosed that shipments to GM accountex for 20 percent of net sales in 15 percent in 2004, 13 percent in 2005, and less than 10 percentr in 2006 and 2007. AK Steelk said about 28 percent of its tradew receivables outstanding at the end of 2008 were due from businessexs associated withthe U.S.
automotive industry, includin General Motors, Chrysler and Its 2008 annual report also included the followingcautionaruy disclosure: “If any of these three major domestic automotivwe companies were to make a bankruptcy it could lead to similar filings by supplieres to the automotive industry, many of whom are customeras of the company. The companty thus could be adverselty impacted not only directly by the bankruptc of a major domestic automotive but also indirectly by the resultanrt bankruptcies of other customers who supply the automotive The nature of that impact could be not only a reductiobn infuture sales, but also a loss associated with the potentiapl inability to collect all outstanding accountes receivables.
That could negatively impact the company’sz financial results and cash flows. The compangy is monitoring this situation closely and has takenb steps to try to mitigate its exposure to suchadverse impacts, but because of current marketg conditions and the volume of business it cannot eliminate these
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