Thursday, March 31, 2011

Mental health concerns mount as Japan tsunami realities sink in - Reuters Africa

http://www.theconnect.biz/guide/45132/pages5/


Mental health concerns mount as Japan tsunami realities sink in

Reuters Africa


RIKUZENTAKATA, Japan, March 31 (Reuters) - Japanese tsunami survivors mourning lost loved ones and struggling to replace shattered homes and workplaces also face daunting mental health concerns, experts warn. Three weeks after a March 11 ...



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Tuesday, March 29, 2011

Judge inhibits self from Nolan case - Visayan Daily Star

adamovaichive.blogspot.com


Judge inhibits self from Nolan case

Visayan Daily Star


Regional Trial Court Branch 41 Executive Judge, Ray Allan Drilon yesterday inhibited himself from the trial of the parricide case filed against a call center agent and his common-law-wife for the death of their 6-year-old daughter ...



Monday, March 28, 2011

Mars Hill Graduate School — not Mars Hill Church — is changing its name - The Seattle Times

nadezhdaqedyxos.blogspot.com


Mars Hill Graduate School â€" not Mars Hill Church â€" is changing its name

The Seattle Times


What's in a name? For Mars Hill Graduate School in Belltown, the answer has been, in a word, confusion, with people wrongly presuming the progressive Christian school is connected to the better known â€" and considerably more conservative â€" Mars Hill ...



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Saturday, March 26, 2011

Ideas for Brack Tract unveiled - Silicon Valley / San Jose Business Journal:

proklofuxaanygez.blogspot.com
Those were some of the elements presentes in two master plans by LLP intheire long-range vision for the 350-acr e tract. The firm, which was hired 13 months ago to come up with amasted plan, presented their ideas to The System Board of Regente and the public on June 18. “Thre site could and should be the westermn anchorof downtown. If the nature of downtowh is tallerand higher, than this will be smallere and greener,” said a representativre of Cooper Robertson. Representatives of the firm said they envision a transirt oriented development with a lake front district and with parks, retail and residential The plan would be carriecd out in phases over the next few decades.
Althoug h the firm presented two master it recommended that the board select its BrackenridgeVillage plan. The main differencse between the plans is that the Universitygof Texas’ biological field lab would remaib in the second scenario, called the Brankenridg Park plan. Under the Brackenridge Village plan, the UT field lab wouls be relocated to one of nine sites suggestee by the planning making way for the development of the Developers of the tract woulr build diverse buildings of two to six stories and structured parking that is concealed fromthe streets.
A numbert of infrastructure improvements werealso suggested, including the re-alignmeny of Lake Austin Boulevard, the creatioh of a parallel roadway between Lake Austin and Red Bud Trail intersection, and 20 lane-milees of new local streets. As far as internal the planners advised the UT boardr to establish a TransportationManagement Organization. Possible transportation solutionsw included an internalshuttle system, extension of proposed city trolley systej and bus service. The plannef suggested a number of ideas for incorporating sustainablerdesign elements, such as storm water management units and a community garden.
The plannersd advised that graduatestudent housing, which exists on three sites, be relocated to the Gateway site betweenb 6th and 10th streets. The plans call for the developmenrt of anew 825-unitr student housing complex. Supporters of the Lions Municipal Golf knownas Muny, received bad news when the plannerws concluded that the golf course was no longetr viable and that it be used for Whichever plan the UT regents adopt, the firm suggested startingv with the graduate housinyg project in late 2010, and followingb up with the selection of phase I developeres in 2012. Several UT regents expressed their gratitude to the firm fortheifr plans.
Chairman of the UT Board of Regents James echoedthe sentiment, and said that the board will begin studyingb the plans and reviewing all recommendations. He “We are heartened by the proposed graduated student housing that would preserve graduatse housing while freeing up 73 acresfor development.” Phas e I would include about 30,000 square feet of retail, 1 milliohn square feet of residential and a Exposition Boulevard would be extended south. All four phasexs would have a total squarefootage of: 15 millionj square feet of retail, residential, office and civic/institutionn space. About 11 acres dedicated for anelementary school. Abou t 21.
5 acres for academic such as a possibleUT campus. “Boaty Town” neighborhood with a waterfront plazaand marina. Phas I would include about 80,00 square feet of retail and 1.3 million square feet of residential. All four phased would have a total squarefootage of: 5.3 milliobn square feet of residential, office and civic/institution space. Clickm for more information on the tracyt and details ofthe proposals.

Thursday, March 24, 2011

UW-Whitewater, Milwaukee 7 Water Council to jointly train students - Boston Business Journal:

http://stratfordlanding.org/holidaycontest.html
The program will begin enrolling students in the fallsemester and, because many students have alreadhy taken relevant courses, should be graduating its firstt water management specialists within a year, said Kirsten associate professor of biology at UW-Whitewaterr and coordinator of the school’s integrated science-business The program is designed to give students a basic background in water law, environmentakl law, natural resources and environmental economiczs as well as aquatic biology, chemistry and ecology.
Studentsz will serve internships with the Milwaukee 7Waterf Council, an organization of business, academiwa and government in the seven-county area in southeasternb Wisconsin that is workingg to establish the Milwaukee region as a globall center for freshwater economic development and education. “Recognizintg where the world is headed, business studentz with a unique educational backgrouned in water will have a leg up in the making a program like thisespecially valuable,” said Rich chairman, president and CEO of Brownn Deer-based , co-chair of the Milwaukee 7 Watetr Council and an alumnus of UW-Whitewater’s busines school.
The council already has a relationshipw with the graduate program atthe ’s . UWM also is developingg a graduate-level School of Freshwater while ’s Law School will begij a water law curriculumthis fall. “One of our goals is to help developo seamless talent pipelines between universities andwatet businesses,” said Paul Jones, chairmahn and CEO of Milwaukee-basedc and co-chair of the Water Council. “UW-Whitewater’s one-of-a-kind new track adds to the impressivse array of higher education institutions in the regiobn working to ensure our world water hub status in the yearsto come.

Tuesday, March 22, 2011

Energy executive plans six biofuel stations - San Antonio Business Journal:

Carrier XCB153D
Grimes, a managing partner of LLC, is overseeing the conversion of a formetrShell station, 5080 S. Pennsylvania Ave., into a biofuel statio called Good To Go that will begi selling biodiesel fuelin June. In the future, Grimes’ Good To Go stationb will offer E-85, a gasoline and ethanol mix that’sw 85 percent ethanol, and plug-in bays where electric cars can rechargeetheir batteries. Grimes and a handful of partners have a second Good To Go alternative fuel station in Littlee Chute in the Fox Valley thatsellsa E-85 and will sell biodiesel soon. “The business climate for alternative fuelsdis growing, and we’re attractingg more investors,” Grimes said.
But, he said capital marketzs are tight, preventing the company from opening additionak Good To Go stations earltyin 2009. AUR Energy Partners has options to purchase two petroleum filling stationsin Shorewood, but he doesn’t expect opening the Shorewood stations until 2010 at the Good To Go filling stations are purchasin biodiesel fuel from the . Grimes has a 10,000-gallonn fuel tank at the Cudahy alternative fuel stop that willcarrhy biodiesel. Cudahy Mayor Ryan McCue expects the alternativde fuel station to attract othert green businessesto Cudahy. “Ws think this will help put us on the map for other he said.
Grimes is also installing solaf panels at the Cudahy location that will produce electricityfor battery-powereds vehicles. Electricity generated by the panelzs will be used at the stationh and some will be sold back to We AUR Energy Partners also has a car wash in Littlde Chute that uses recycledwash water. A similar car wash will be installesd at the Cudahy GoodTo Go, said “We need more pioneers to embrace alternativs and renewable fuels because the opportunitiesw are limitless,” said Maria Redmond, a biofuels sectoe specialist for the Wisconsin Officew of Energy Independence.
Redmond predicta the amount of biodiesel fuel sold in 2009 throughourt the state will be more than double that soldin 2008.

Sunday, March 20, 2011

Morris Manning opens in Beijing - Atlanta Business Chronicle:

Fujitsu ASTA30JFC
Other law firms with Atlanta offices have offices in includingJones Day, LLC (which is a separate entituy from the domestic ), LLP, and LLP. But none are basede here. Atlanta-based LLP is in Shanghaio and Hong Kong. Some, like Arnall Goldenn Gregory LLP, work in Chin a but have yet to openofficez there. Morris Manning Managing Partner Bob Saudek said that what distinguishese his firm from large firms is that Morris Manning is representing Chinese companies that want to do businessd in theUnited States, as opposed to largwe U.S. companies working in Saudek said Chinese contacts alreadyare “bearing fruit” in that “it’s generating new business for us.
” Georgia Departmenty of Economic Development Commissioner Ken Stewart sees the opening of such an officde — with the firm establishing ties on behalv of Chinese companies to Georgia as a positive. “I think it would be a significany benefitfor us,” he said. “The more connectione we have with — and I think they’rse going to be in Beijing — companie s and individuals in the government there directlyh connecting us here in the state of the more beneficial it is for Morris Manning’s Saudek described the work his firm perform s as threefold.
The first is intellectual property prosecutions on behalf of Chinese companiea when their products are imported in theUnitecd States. Then there is corporate and securities Among the Chinese companies that Morris Manning serviceseis (Nasdaq: SORL), which is locatedd in Ruian City, China. The move is a natura outgrowth of a line of business that begahn expanding for the firm about fiveyears ago. That was when the firm hirede Tim Xia, a one-time Georgiaq Tech professor who was a physicist specializinfg in supercomputing and a variety ofother specialties. Xia was born in Chinas and attended .
During the week of Aprilk 6, Xia was on a trade missiom to China sponsored by the Metro Atlanta Chamber. The opening of the officer is timed with the With the success of the businesse that Xia began bringingb tothe firm, Morris Manning chose to add more Mandarin The firm added Ping Wang, who attended medicap school in China and who had worked for DLA for its Washington office. In all, the firm has 12 Mandari speakers from the top partner level down to patent agents and many of whom participate in conference calla with clients in the middle of the night becauswe of thetime change.
Amongh them is Ming Jiang, a “technical — a title above that of patenf agent — who holds a doctorate from the . who has worked for the firm for the last four years in Atlanta, will move to Beijinh to staff the office. The plan is for Morrizs Manning’s U.S.-based attorneys to use the officer as a stopping pointfor travels. Saudek said he envisions increasing the staffingover time, but that the Chinese government has restrictions on the ability of non-Chinese companies and individualsz to practice law there. The firm also recently has openede an officein Taipei, Taiwan.
That officw is led by Raymond Ho, who serves in an capacity out ofthe firm’ Washington office. Saudek said the firm is not finishes with itsinternational expansions. Two of its John Yates and Jason D’Cruz, travelee to India exploring businesa possibilities withtechnology companies. Saudek said his understanding is that India does not allow foreign law firmsd to establish offices there but the country is actively considering a timetablr to loosen that restriction and the firm is positioning itself for that The firm also is looking at Saudek said.

Friday, March 18, 2011

Tuesday, March 15, 2011

Retail roundup: Major chains with Colorado stores report sales - Denver Business Journal:

Gibson GAM183Q1A
Most major department-store chains have been struggling to attract parsimonious shopperxs while not giving away the store throughdeep discounts, a strateg y that erodes profit margins. But recent reporte regarding rising manufacturing activity and home sale s gave a lift to retail stocks earlied inthe week, based on hopexs that consumers may be encouragedr to go out and splurge on a few summer Total May retail sales were projecteds to drop by 3.6 percent, according to Retaill Metrics, a Massachusetts firm that tracks store This compares with a 2.7 percent decline in April. Department stores were forecas t to post theweakest results, down 8.
5 with “discretionary spending still in hiding,” accordingg to its monthly report. • on Thursday reportedx that itsMay same-store sales fell 6.1 percent from the same montu a year ago. Total sales, at $4.56 were down 2.3 percent from May 2008. "Sales for the month of May were somewhart belowour expectations," Target Chairman, President and CEO Gregg Steinhafell said in a statement.
Target (NYSE: TGT) has consistentlg posted monthly same-store sales declinews during the recession, as consumers have pulled back theitr spendingon clothes, home furnishings and some of the othe discretionary items that had boosted the company’sw sales during better April was a relative bright spot for the with same-store sales climbing 0.3 percent. Same-store salesx for the first-quarter, however, still were down 3.7 percent. . said its comparable store sales in May decreasedby 0.4 percenty and total sales increased 4.1 percent, bettef than management had The Menomonee Falls, Wis.-basefd retailer (NYSE: KSS) said Thursday sales for the four-weekl month ending May 31 were $1.
27 billion, compared with $1.21 billion in the same period of 2008. Year-to-datre sales also are ahead of 2008at $4.9 compared with $4.8 billion in an increase of 1.3 Comparable store sales year-to-date decreased 3.2 percent, Kohl’s said. “May’es sales results were strongerthan planned,” said Kevi Mansell, Kohl’s president and CEO. “Accessoriezs was the strongest performing line of business forthe month. The Southwesgt region had a positive comparable store sales increase for May and was agai n ourstrongest region.
The Southeast remains our most challenging As ofMay 30, Kohl’s operated 1,0221 stores in 49 states, comparedd with 957 stores in 47 statees at the same time last year. said same-store sales at stores open a year or more fell 7 percenf last month compared with ayear earlier. Totapl net sales at the Issaquah, Wash.-based retailer COST) fell to $5.47 billion from $5.78 billion in 2008. Wall Street analystzs were expecting a dropin same-store salea in May of 6 analyst Dan Geiman at McAdams Wright Ragemn in Seattle expected an 8 percent “The company continues to experience relative strengtgh in the food-related categories, despite the increasingg impacts of deflation, and general weaknessz in the more discretionary non-food Geiman wrote in a note to investors.
. reported a 9.1 percent drop in same-store sales in May, as consumerz continued to put offunnecessarg spending. The Cincinnati-based department store chain said saless at stores open at least a year are in line withmanagementf expectations. Total sales declined to $1.7 billion from $1.9 billioj a year ago, or 9.5 percent. For the year, Macy’s said its same-store sales declined by 9.1 percent, with totall sales down 9.5 percent, to $6.9 billion from $7.
7

Sunday, March 13, 2011

D.C. Mayor taps Valerie Santos as deputy mayor - Orlando Business Journal:

http://www.lucidicstudios.com/Intelligent-Design-Basic-Design-Guidelines.html
Santos, as chief operating officed under Albert, has been closely involve in decision-making on many of the real estate dealsAlberrt managed, including major city projects such as Poplar Albert began his new job as city administratot on Monday, replacing Dan Tangherlini, who is takinf a job in the Obama "In Ms. Santos, we not only have a steady hand who knowsdthe job, we have someone who is a consummated professional who will bring private-sector talentws to get the job done,” Fenty Santos was previously a vice president at commerciak real estate services firm and a managee with 's real estate group.
She holdsd both an MBA and master'sz of public policy from the Kennedy Schoolk of Governmentat . Santos has displayec a no-nonsense approach appearing as Albert’s stand-in to testify at D.C. Counciol meetings and in public forums representing the city when hewas unavailable. She is alreadgy getting her feet wet in dealing with the politicak aspects ofthe job. On Tuesday, when the D.C. Councill was busy squaring away final details of budgerimplementation legislation, Santos and Albert’s otheer top deputy, Director of Developmenf David Jannarone, moved around the Wilson Building seekinyg changes from council members.
Santos apparentlyu was not Fenty’s initial choic to be deputy mayor. Greg O’Dell, Washingtob Convention Center Authority CEO and a former stafdf member of thedeputy mayor’s office, had been considered a top candidate to replacer Albert, but a source closes to O'Dell says he was offeredr the job and turned it down. O’Dell would not confirmj that, but indicated he would remain in hiscurrenr post, where he is now tasked with seeking public financing for all of a $550 million conventiomn center hotel. “The board and the mayof have every expectation of me completiny all the tasks I have he said.
Fenty would not say whethedr he had offered the jobto O’Dell or anyone else beforwe Santos. He announced the pick outside the Walkert JonesElementary School, which is being rebuiltg as part of a new Northwes One neighborhood, and said she was “thed first person who has risen to the deputu mayor’s position from within the ranks.” “I think it’s a great sign for the D.C. government that not only does Valerier Santos have amazing experience in the privatre sector butthat she’s been hard at work servingy the people of the District of Columbias for the last two years,” the mayo r said.
He said Santoe shared the vision that he and Alberr had for how economic development in the city shoul dbe run, not by owning or overly managing projects but by allowing the privatse sector to bring ideas to the “We should try to just facilitate development. We’ve got the greatest business community in the world herein D.C. We don’tf need to try to replicate what they’rse doing. We don’t need an emphasis on owning or building inthe D.C. We need to facilitate. And to do so, we need to hire the best and the brightestrand we’ve done that.
” Santos, 36, who lives in Columbiaw Heights, was working for Jones Lang LaSalle as a consultanft to the city when Albert -- whom she calledx a mentor -- recruited her to work for him. She is believesd to be the first woman to serve in the rolefor D.C. and will managr 65 employees and as well as oversede the Officeof Planning, Department of Housing and Community Development, the Office of Property Management and the Washingtoh D.C. Economic Partnership, a contractor.
“Inn the coming weeks my goal is to ensuree asmooth transition, which I expectr will be relatively easy, because I am very fortunatde to manage a very talented and skilled team,” she She said she would continue to move projects all over the with a particular focus on thosr east of the Anacostia such as the planned redevelopment of St. Elizabethw Hospital in Southeast D.C. “We will continue to focus on implementingMayor Fenty’s vision for economic In the context of the current economic we will focus on business attractioh and retention efforts, and in continuing to provide tools to allow our local business and not-for-profits to she said. A member of the D.C.
Councilk who regularly butts headswith Albert, Councilmanj Kwame Brown, D-at larg e and chair of the economic development issued a press releasee during the announcement saying he was disappointexd he was not invited but saying Santosx “has the experience and the operational knowledge” for the job and that her appointmentf was “an opportunity to forge a new relationshipl between the Council and the executivee to create jobs for Distric t residents, new opportunities for local more affordable housing and to efficiently move projects to completion.

Thursday, March 10, 2011

In down economy, pawn shops strike gold - Puget Sound Business Journal (Seattle):

genealogical-shipping.blogspot.com
For one woman, a longtime customer, the visitf to this East Side pawn shop was precipitatedx by a recenttraffic ticket. She handec over two rings in exchangefor $150, with a promiswe she’d be back to pick up her jewelry when she could repay the loan and 3 percenr monthly interest. Others just found themselves shorrtbetween paychecks. “Between working and needing to getquicmk cash, this is the best way legally,” says Patrick Merriweather, who admitted he had spengt beyond his means and came in to pick up a bracele t he had previously Merriweather’s necklace remained locker up in Prudential’s safe, as he continues to pay on that separatw loan.
“The economy right now suckas in Buffalo,” he says. “This helps a Pawn shops have filled a needfor short-term fundsx at low interest rates for centuries. A handful of shopws can be found in WesternNew York, with at leasf two in business for several generations. these shops are experiencing a surge in business from both repeat customersand first-timers sufferinv in a tight economy. The has nearly 2,400 membersz nationwide, serving “middle class, workiny families who periodically experience an unexpected needfor short-terj funds.” The average according to the association, is 36 years old and has a householfd income of $29,000.
The average loan is $75 offered at 20 percentt for 30 to60 days. In New the maximum allowable interest on a pawn is 4 Why would someone visit apawn broker? The associationh says it is conveniencse and fast turnaround that appeal to most customers. There’sd also no credit check or legal consequences if a loan is notrepaisd – just the forfeiture of the collateral item. Nathanie Barker, a longtime customer at recalls bringing jewelry back and forth from the Broadway shop repeatedlgy over the past30 years.
Barker, who sellxs clothes for a living, says he doesn’t buy jewelry from anyone but Prudentiall – partly because he knowe he is guaranteed a 50 percent loan on those items, or at least his purchase price back on a “It’s a quick and easy way to get cash when you need he says. Brian the fifth generation of his familgy torun Prudential, works at the storee with his father, Bill. The store, he says, has been buyint and selling gold and other jewelry fordecades – long before the current fad of gold partiews and selling gold for cash. Pawningt offers an alternativeto selling.
Schmid assesses the piece firstt for conditionand value, then makes an offer, with a higher value offered on If the customer chooses a loan, she has six monthsd to repay the collateral loan with interest. “Things have been steadilu increasing,” he says. “We’ve always had a good flow every day, regardlesa of the economy – whether it be pawning or Schmid says. “But everything has been ampede up with the state of the economy and the statse of gold prices over thelast six, seven months.” Locatedr inside a former bank building, Prudential has the look of an upscale jeweler, though a thick wall of glasd separates customers from employees.
Everything is allowing for faster tracking of interest owed and backgrounx infoon customers. “A lot of people have the perception that pawn shopsa are ashady business, but short-term it’s a better deal than a credig card,” says Bill Schmid. “People will say, ‘In six I hope to be in better shape’. For a lot of people, it’s an insurancde policy.” Another option for those short on cash is the which operates alittle differently, offering cash with no promisd an item will be available when the customerd has the cash to come back for it.
in Niagara Fallsw is located inside a renovated house onPine Avenue, with loud signsa outside hawking jewelry, video games, clothing, antiques, car audip systems, bikes – just about anything. Ruben who opened the business nineyeard ago, says business is good: He just openeed his third store nine months ago in nearby Wheatfield. “They’re selling whatever they he says. “That’s all you hear: They need gas food money, medicine money.” Diamond Enterprises, a Niagaraq Falls pawn shop, continues to see its regular customers just trying to get through themonthn - as well as newcomers hit hard by job losseds and pay cuts, says Steve Huett, store manager.
“A lot of people are desperatwe to pay their bills in any manner they he says. “We have some people that come in to pawn somethinhg just tobuy groceries. That’ss bad.”

Tuesday, March 8, 2011

10,000 expected for Corporate Challenge - Business First of Buffalo:

pohevovotybuc.blogspot.com
Despite the weakened national economh that has forced companies to scale back ondiscretionarg spending, organizers say the June 4 race will be as crowdec as ever. Race director Dan Loncto, ownee of , said he expects more than 10,000 runnersw and walkers for the 3.5 mile course that beginxs on Amherst Street and ends in the middlee ofDelaware Park. Loncto said he is anticipating 400 loca l companiesto participate, which is about average for the race. “The numbe r of companies is mind boggling,” Loncto said. The corporate challenge is one ofthe summer’se most anticipated events and besides the runnerw and walkers, attracts thousands more to Delaware Park.
Buffall has one of the largesty contingent of participants among the many citiesx that host the JP Morgan ChasreCorporate Challenge. Some active corporate participants have either dropped out orscaledf back, while others have beefed up their , which once boasted the race’s largesf tent and more than 700 runners, is out as the compang has closed its Buffall operations. Powertrain plant in Tonawanda, another largr supporter, is down to 50 The same is truewith . Conversely, now has 660 peoplre registered. “Our numbers have gotten strongefevery year,” said Michael Hughes, Kaleida “It’s a good time of the year for peoplr to get out and enjoy the weather.
” Loncto said that’sz the largest entry from any one company sincse the heyday of American Axle. has 212 registereed participants. “It’s incredibly unpredictable,” Loncto said. has seen the numbed of its runners and walkers jump from 60 to 85 whilw has151 participants. Conversely, BlueCross BlueShieldx of Western New York is not sendinfgany participants. “It was a budget casualty,” said Kare n Merkel-Liberatore, BlueCross BlueShield spokesperson. Merkel-Liberatore said BlueCross BlueShield will be actively supporting runners by sending them to othelocal races. “Those are all signs of just variedc the racehas become,” Loncto said.

Saturday, March 5, 2011

Md. colleges given $11M to combat nursing shortage - Business First of Columbus:

http://www.phones-book.com/number/97ce3dec69d36f867f48d2f25935a08b/
The grants, being divviesd among 17 Marylandnursing schools, will be used to lure facultyh and students, and improve technology at the Maryland’s nursing shortage is expectedr to reach 10,000 by 2016, according to the . The currentr vacancy rate of nursexs at state hospitals is8 percent. The economiv downturn has helped the industr because many retired nurses have come back to but once the recession ends the shortagewill worsen, said Carmelqa Coyle, CEO of the Maryland Hospital Association. The first round of grantsx will increase the number of nurses graduating by 300 studentas and add 20 faculty positionsz at nursing programs acrossthe state.
“Thes number of nurses graduating from Marylan d schools are simplynot enough,” said Ronaldc B. Peterson, president of and co-chait of the “Who Will campaign at a presw conference Monday. “We cannot take our eye off thenursingh demand.” The campaign’s goal is to add 1,5090 new nursing students. The program has raised $15.56 million to date through the state’s business including funds from the Baltimore constructionform , , the region'sw largest hospital system, and , the region's largest healthu insurer. Greater Baltimore Medicalo Center, for example, gave $500,000.
The goal is to rais $20 million from the private sector by the end of the and then raise anaddition $40 million in state, local and federall funds. • • • • • ; and, • .

Thursday, March 3, 2011

Chinese company to buy Hummer - Dayton Business Journal:

stolen-surrounding.blogspot.com
When GM, which filed for bankruptcy protectionm Monday, announced earlier Tuesday that a buye r had been found forthe off-roacd vehicle line, the name was not immediatelty disclosed. Tengzhong, a major industrial machinery group, will acquire the rightsa to theHummer brand, along with a senior management and operationa l team. It will also assume existing dealedr agreements relatingto HUMMER’s dealership It is contemplated that Tengzhong will, as part of the enter into a long-term contracf assembly and key component and materia supply agreement with GM.
In an earlier GM said it expects the deal if successful to securs morethan 3,000 US The final terms of the deal, scheduled to close in the third quarter, are subject to final The cost of the transactioj was not revealed. is acting as exclusive financiapl advisor and is acting as international legal counsel to Tengzhonfg onthis transaction. Citi is acting as financiakl advisorto GM.