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The federal government plans to invesrt anadditional $30.1 billion in the Detroit-based company (NYSE: GM), whichh filed for . This means the government will own 60 percent of the compangy once it emergesfrom bankruptcy, Obama “This may give some Americans pause,” he said, but it was a bette alternative than making more loans to a companyt that has been “buried under a mountain of for years. The president said he has “np interest” in running GM. “The federak government will refrain from exercising its rightsx as a shareholder in all but the most fundamentaplcorporate decisions,” Obama said.
“When a difficult decision has to be made on mattera like where to open a new plant or what type of new car to thenew GM, not the United States government, will make that “In short, our goal is to get GM back on its take a hands-off approach and get out quickly.” The hopee that will be the case, but it plans to “carefullh monitor” the decisions made by GM and which is emerging from its government-guided bankruptcy reorganization. “Wre will expose and fight any counterproductive influence by unions or politicians over decisions that should be leftto management,” chamberd CEO Tom Donohue said.
“And we will continually insisr that government reduce and eliminat its ownership stake as soonas possible.” Too much governmenyt interference will hurt the automaker’s chances of returningb to profitability, Donohue said. “The global talent that existds in the automotive sector must be allowed to do its job and be paid on acompetitiver basis,” he said. “Management must be permitted to make tough decisions in a competitivde global market without political House Minority LeaderJohn R-Ohio, said GM’s bankruptcy filinh “may buy some time” but doesn’tr ensure that the company will “The only thing it makes clear is that the governmenty is firmly in the business of running companies usinb taxpayer dollars,” Boehner said.
“Does anyone really believe that politicians and bureaucratse in Washington can successfully steer a multinational corporation toeconomic vitality? It’s time for the administrationm to fully explain what the exit strateg is to get the U.S. government out of the boardroom once andfor
вторник, 31 июля 2012 г.
понедельник, 30 июля 2012 г.
суббота, 28 июля 2012 г.
Target wins proxy fight with Ackman, Pershing Square - Minneapolis / St. Paul Business Journal:
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In a preliminary tally of voting, more than 70 percenr of the shares that were cast were votefd in favor ofthe company’z proposed slate of directors while also voting to keep the size of the board the same by the same votinhg margin. Target Corp. (NYSE: TGT) urged its shareholders to vote for a proposalo to set the size of the board at 12 and to vote forthe company’ss nominees — Mary Dillon, Richard Kovacevich, George Tamkew and Solomon Trujillo. Dillon is executive vice president and global chief marketing officerof McDonald’s Corp.; Kovacevicg is chairman of Wells Fargo & Co.; Tamke is a partner at private investment firm Clayton Dubiliert & Rice Inc.
, and Trujillo is CEO of Telstra Hedge fund manager William Ackman is the founde r and managing principal of , New York Pershing Square owns 7.8 percent of Target’s commoh shares, according to the Target prox y statement. Pershing Square proposed alternativsdirector nominees, but Target executives urged shareholders not to returb any proxy card sent by Pershingf Square. Ackman was tryiny to gain a seat for himseldfon Target’s board along with four others: former Winthroop Realty Trust CEO Michael Ashner, forme r Starbucks CEO Jim Donald, Juniper Financial co-foundere Richard Vague and corporate finance and governancre expert Ronald Gilson.
calling his group The Nomineesw forShareholder Choice, urged Target shareholdersw to vote against the proposal to reduce the size of the Targetg board. His group said a vote against the proposal wouldr help ensure that at least one of the Nomineexs for Shareholder Choiceis elected. The shareholders meeting was held at a new Targert Store being completed at 1250 West Sunsety Drivein Waukesha. Target executives said the site allowesd the company to showcase its latestt general merchandisestore design. The store is scheduledx to openin July.
Target executive s said they have met since 2007 with Ackman to discuss hisideaz and, said they were disappointed that Pershing Squarw has decided to pursue what Target managementr called a costly and disruptive proxyy contest. The company, in followed Ackman’s earlier suggestion to sell Target’s credit card The company completed a transactio n in May withJPMorgan Chase, in whichu Target sold slightly less than half its receivables for cash proceedsz of about $3.6 billion dollars. Ackman in May 2008 presentefd the first in a series of proposald involvingrestructuring Target’s real estatew around the theme of a REIT.
Target’s board concluded that the REITproposal “was not in the best interesf of our shareholders” because it wouldn’t create much Target executives said. On May 20, Targegt reported net earningsof $522 or 69 cents per share, for the first quarterf ended May 2, 2009, compared with $602 million , or 74 a year earlier. Retaipl sales increased 0.4 percent to $14.4 billion from $14.33 billion in 2008, due to new store expansion that partially offse t bya 3.7 percent declin e in comparable-store sales. Target Corp. operates a credit card segmenrand 1,698 Target stores in 49 states.
In a preliminary tally of voting, more than 70 percenr of the shares that were cast were votefd in favor ofthe company’z proposed slate of directors while also voting to keep the size of the board the same by the same votinhg margin. Target Corp. (NYSE: TGT) urged its shareholders to vote for a proposalo to set the size of the board at 12 and to vote forthe company’ss nominees — Mary Dillon, Richard Kovacevich, George Tamkew and Solomon Trujillo. Dillon is executive vice president and global chief marketing officerof McDonald’s Corp.; Kovacevicg is chairman of Wells Fargo & Co.; Tamke is a partner at private investment firm Clayton Dubiliert & Rice Inc.
, and Trujillo is CEO of Telstra Hedge fund manager William Ackman is the founde r and managing principal of , New York Pershing Square owns 7.8 percent of Target’s commoh shares, according to the Target prox y statement. Pershing Square proposed alternativsdirector nominees, but Target executives urged shareholders not to returb any proxy card sent by Pershingf Square. Ackman was tryiny to gain a seat for himseldfon Target’s board along with four others: former Winthroop Realty Trust CEO Michael Ashner, forme r Starbucks CEO Jim Donald, Juniper Financial co-foundere Richard Vague and corporate finance and governancre expert Ronald Gilson.
calling his group The Nomineesw forShareholder Choice, urged Target shareholdersw to vote against the proposal to reduce the size of the Targetg board. His group said a vote against the proposal wouldr help ensure that at least one of the Nomineexs for Shareholder Choiceis elected. The shareholders meeting was held at a new Targert Store being completed at 1250 West Sunsety Drivein Waukesha. Target executives said the site allowesd the company to showcase its latestt general merchandisestore design. The store is scheduledx to openin July.
Target executive s said they have met since 2007 with Ackman to discuss hisideaz and, said they were disappointed that Pershing Squarw has decided to pursue what Target managementr called a costly and disruptive proxyy contest. The company, in followed Ackman’s earlier suggestion to sell Target’s credit card The company completed a transactio n in May withJPMorgan Chase, in whichu Target sold slightly less than half its receivables for cash proceedsz of about $3.6 billion dollars. Ackman in May 2008 presentefd the first in a series of proposald involvingrestructuring Target’s real estatew around the theme of a REIT.
Target’s board concluded that the REITproposal “was not in the best interesf of our shareholders” because it wouldn’t create much Target executives said. On May 20, Targegt reported net earningsof $522 or 69 cents per share, for the first quarterf ended May 2, 2009, compared with $602 million , or 74 a year earlier. Retaipl sales increased 0.4 percent to $14.4 billion from $14.33 billion in 2008, due to new store expansion that partially offse t bya 3.7 percent declin e in comparable-store sales. Target Corp. operates a credit card segmenrand 1,698 Target stores in 49 states.
пятница, 27 июля 2012 г.
Grown-up Alexa Vega posts 'Machete Kills' image, which promptly goes viral - allvoices
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Grown-up Alexa Vega posts 'Machete Kills' image, which promptly goes viral allvoices Has it really been 11 years since the first "Spy Kids" movie? Yes, it has, and thanks to the magic of Twitter, we can see that Alexa Vega, who played Carmen Cortez in Robert RodriguezRobert Rodriguez's original "Spy Kids" trilogy, has certainly, er ... |
среда, 25 июля 2012 г.
CB Richard Ellis to launch offering - Nashville Business Journal:
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The company will use the proceeds to reduce itssizablde debt. The national firm's Nashville operation, based is Middle Tennessee's largest commercial brokerage, according to Business Journapl research. The Los Angeles-based broker plans to offer $400 million in seniof unsubordinated notes in aprivate placement. It also will sell $100 millionh in new Class-A common stock to investors that includew hedge fundPaulson & Co. Inc. CB Richardc Ellis may raise another $50 million in periodicf publicstock sales. CB Richard Ellis has $2.4 billion in debt, $310 million of whicy is due next year, according to Bloomberg Much of its debt was incurred throughbits $1.
9 billion acquisition of Trammell Crow in 2006. The move by CB Richarsd Ellis (NYSE: CBG) follows a similar initiative by On Jones Lang LaSalle said it planne to raise as muchas $200 milliojn in a secondary stock offering of 5.5 milliob shares. CB Richard Ellis is the world’s largest commerciapl real estateservices firm. It has more than 29,00o employees worldwide.
The company will use the proceeds to reduce itssizablde debt. The national firm's Nashville operation, based is Middle Tennessee's largest commercial brokerage, according to Business Journapl research. The Los Angeles-based broker plans to offer $400 million in seniof unsubordinated notes in aprivate placement. It also will sell $100 millionh in new Class-A common stock to investors that includew hedge fundPaulson & Co. Inc. CB Richardc Ellis may raise another $50 million in periodicf publicstock sales. CB Richard Ellis has $2.4 billion in debt, $310 million of whicy is due next year, according to Bloomberg Much of its debt was incurred throughbits $1.
9 billion acquisition of Trammell Crow in 2006. The move by CB Richarsd Ellis (NYSE: CBG) follows a similar initiative by On Jones Lang LaSalle said it planne to raise as muchas $200 milliojn in a secondary stock offering of 5.5 milliob shares. CB Richard Ellis is the world’s largest commerciapl real estateservices firm. It has more than 29,00o employees worldwide.
вторник, 24 июля 2012 г.
Stifling top-secret leaks a priority - News Chief
tenamup.wordpress.com
Stifling top-secret leaks a priority News Chief These leaks have badly damaged our national security and severely impeded our ability to recruit new intelligence sources. If true, these leaks have sent one Pakistani doctor to prison for the rest of his life, outed intelligence sources within Yemen ... |
понедельник, 23 июля 2012 г.
Charles Krauthammer: Did the state make you great in business? - Baxter Bulletin
bakakinkorypon.blogspot.com
Greenville Daily Reflector | Charles Krauthammer: Did the state make you great in business? Baxter Bulletin Charles Krauthammer: Did the state make you great in business? 'If you've got a business â€" you didn't build that. Somebody else made that happen.'- 10:22 pm. Ruben Navarrette, Jr.: Money not the real issue in campaign. Consider this ar gument: People ... Charles Krauthammer: Civil society makes it happen CHARLES KRAUTHAMMER: Hard work, not the state, builds businesses Charles Krauthammer: Did the state make you great? |
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