GM files for bankruptcy, plans to transfer operations to Wentzville - The Business Review (Albany):

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Some operations and equipment from a steel stamping plant inGrand Rapids, Mich., whic is slated to close as part of the automaker's will be transferred to according to Bob Wheeler, a spokesman for the Wentzvillwe plant. It's not yet knowmn how many, if any, Michiganh employees will opt to transfer to he said. GM official called Wentzville Mayor Paul Lamboi at9 a.m. Monday to assur e him the local plant wouldremai open. "It's good that they are shippingh in work forthis plant," Lambij said. "That's a positive that corporate think s this plant willbe around.
" Still, Lambj said, rival automaker Chrysler plans to shutter its Fenton factoras after investing $130 million in so it was important for Wentzville to not rely on GM so much and diversif its revenue stream. When Lambi took office seven yearzs ago, Wentzville counted on GM for about 55 to 60 percen t of itstotal revenue. Today, that's more like 15 percentt of the city's $24 milliobn general fund, because GM pays the city abouft $3 million a year in real estate taxes, property taxes and othee fees, he said.
GM on Monday by the end of but the Wentzville plant was sparedxbecause it’s the only plant where Chevrolet Express and GMC Savana vans are made, The Wentzville plant will stil l undergo a previously announcedr and other production cuts in June and July that will resuly in the layoffs of 300 workers. Monday’s Chapte r 11 filing by the 101-year-old automaker is among the largestgin U.S. history and largest-ever U.S. manufacturin g bankruptcy. GM listed $173 billion in liabilitieas and $82 billion in assets, accordiny to the filed in New York. GM to St.
largest privately held company, Enterprisd Rent-a-Car, and to Chapter 11, which allows the company to operate while protected from its pushes GM intoa fast-trackl bankruptcy and provides $30 billion of additional taxpayed funds to restructure. The GM plan as detailed by U.S. officialas would allow a much smaller GM to emergew from court protection within 60 to 90 The automaker has not provided an updatec target for job cuts but was looking toeliminat 21,000 U.S. factory jobs from the 54,00p union members it now employs. General Motorsx employs 92,000 in the Unitedx States and is indirectly responsiblesfor 500,000 retirees. The U.S.
government woulf hold a 60 percent financial interest in areorganizerd GM, and the UAW would take a 17.5 percent stake. The governments of Canada and the province of Ontario have agreed to a 12 perceng ownership stake in exchange forfinancial aid. GM bondholders woulsd get 10 percent. "It’s a bittersweet thing," Wheelef said. "You hate to have to go througj the process of closing plants andeliminating jobs, but look that’s what's going on with a lot of Hopefully we can rebound, hire peoples in the future and be the vibrant company we once were.
" Download a copy of the

Group of GPs warns of 'peril' if NHS changes fail - BBC News

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BBC News

Group of GPs warns of 'peril' if NHS changes fail BBC News More than 50 GPs in new clinical commissioning groups have warned the English NHS may be "in peril" if government reforms are derailed. Health Secretary Andrew Lansley is proposing the biggest shake-up since the NHS was founded in the 1940s. Clinical leadership Telegraph.co.uk NHS faces 'peril' if plans derail The Press Association  »

S.F. accounting firms to merge - Philadelphia Business Journal:

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LLP and LLP will unite July 1 as part of a deal alreadg approved by partners atboth firms. The combinefd company, which will operate under the name LLP, will have abouyt 70 accountants and expected annuap revenue ofabout $12 The merger will make DZH Phillipsd one of the top 20 largest accounting firms in the Bay Both firms sell tax, auditing and consultinfg help to privately held companies and wealthyh people. The deal is part of an ongoing trend amongh regional accounting firms to merge to attractlargedr clients.
While huge accounting firms like PricewaterhousreCoopers LLP, Deloitte LLP and Ernst & Younf LLP have a lock on Fortune 500 players like the newly created DZH Phillipd are trying to grow thei r businesses among middle-market clients. Burr Pilger Mayert LLP, for example, merged with two smallefr accounting firmslast year, growing its cliengt base. Smith Lange and Daori Zydel were both considering a merger when they begabn discussingthe deal. With the competitivse landscape changing, “Size matters,” said Bob Daoro, managing partner of Daorp Zydel. “In some casesw we looked at largeproposals (for and we felt we could not do alone.

Dish Network to hand out converter boxes in Houston - Puget Sound Business Journal (Seattle):

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The estimates that 1.6 million people in the Houston area have orderexd coupons for their converter butonly 870,172 couponsd have been redeemed as of May 30. The “Coupoj Swap” program is a nationwide initiativwe to get customers ready for the conversion to digital television signals onJune 12. Converter boxes are only availablew to those with avalisd $40 coupon. Customers can go to Cossabook YMCA at 7903 South Loop East onJune 5, or M.D. Andersonm Family YMCA at 705 Cavalcade onJune 6. Dish Networj handed out about 400 boxes in Dallaslast weekend, accordinhg to Marcel Guajardo, a spokesman for the The current plan is to hand out about 400 to 500 boxeds in Houston.
Guajardo said representativezs from the FCC will also be on hand to answeer questions related to the digital conversio n and what households need to do to be ready forthe

SC voters search for alternatives to Romney after Gingrich ex-wife, Romney ... - Washington Post

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SC voters search for alternatives to Romney after Gingrich ex-wife, Romney ... Washington Post CAYCE, SC â€" For weeks, Renee Boling was sure she was going to vote for Mitt Romney in South Carolina's Republican presidential primary. But a series of events this week changed her mind, and seemingly the minds of many others across the state. ... and more »

Liberty National Life faces license revocation - Dallas Business Journal:

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Kevin McCarty’s order follows a five-monty onsite investigation last yearat Liberty’ National’se Birmingham, Ala., office, during which more than 7,0090 life insurance applications were reviewed. Investigators found 1,149 violations, of whichh 1,053 were for discriminatory according to a news releasre from the Florida Department ofInsurance Regulation. Liberty National has abou 182,000 policies in Florida.
“Discriminatioh of any kind by an insurance company will not be tolerater bythis office,” Deputy Commissioner Mary Beth Senkewicz said in a news “We will do everythin g within our power to ensure that Floridq consumers are protected from such unconscionable The company is alleged to have refused to issue life insuranc e policies based on national potential lawful travel and A significant number of consumers affected by the practicews were of Haitian origin or descent, according to the news Liberty National has more than 170 offices throughout the U.S. and more than 6,50p sales representatives, according to its Web site.
Effort to reach comment from Libertt National were notimmediately successful. in a SEC filing, the company'sd parent, ., said it believes the state's actions were not warrantexd and the company will vigorously respondx tothe allegations. "The Florida regulator's claims relatr to past underwriting practices of the company with regarx to applications submitted by persones who lived inthis country, but who were not Unitec States citizens. This legal status results in risk analysis, processinhg and proof differences whichy Liberty National believes an insurer lawfulluy may take into thecompany wrote.
"The company believes that the Floridwa Office of Insurance Regulation has misinterpreted the facts insignifican respects, believes that its past and current practicesa were consistent with Florida law at the time, and is optimistifc that a satisfactory resolution of this matter can be achievexd through appropriate administrative procedures." Liberty National has 21 days to respond to the state.

General Cable

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Kenny exercised stock options for 48,000 sharesa with a $4 exercise price on Monday and immediatelgy sold them for an average priceof $39.58. That nettedc him $1.7 million before taxes. He then sold anothe 7,101 shares on Tuesday for aboutt $40.32 each for an additional $286,000. His timintg was good, as General Cable's stock price had been risingb steadily from a 2009 low ofabout $14 in earlgy March. It peaked Tuesday at more than $41 then lost groundr on Wednesday, falling $2.30 to less than $39, as the broadert market also declined.
According to the company's latest proxgy statement, as of March 1, Kenny beneficially owne d morethan 600,000 shares of General Cable That included about 66,000 restricted shares over which he had voting power, 143,000 options exercisable within 60 days, and 340,0009 shares deferred under its deferred compensation General Cable (NYSE: BGC), based in Highland Heights, is a globapl manufacturer of cable and wire products for the energy, telecommunicationas and specialty industrial markets.

New Kubota Finance Package means turf professionals only 'pay when the grass ... - Materials Handling World Magazine

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Materials Handling World Magazine

New Kubota Finance Package means turf professionals only 'pay when the grass ... Materials Handling World Magazine Turf professionals buying new mowers only need to 'pay when the grass is growing' thanks to a new finance package from Kubota Tractor and Groundcare. The company has teamed up with Société Générale Eq uipment Finance to provide a range of low interest ...

Georgia posts gain in online job ads - Atlanta Business Chronicle:

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Georgia, which reported a 9.7 percent unemployment rate in May, experiencee a gain of 2,900. Since January, onlin labor demand has fallen 71,000, but that’s a significanyt improvement overthe 1.2 million decline in the previouw five months between August 2008 and January 2009. "Wre are not out of the woods yet, but job demane has definitely stabilizedsince January," Gad senior economist at The Conference said in a news release.
The numbef of advertised vacancies fell in June in all four regionxs of the country ranging from a modest dropof 3,40o in the Southern region to 18,100 in the 13,400 in the Midwest and 10,300 in the Nationally, computer and mathematical science saw the greatestt decline in demand, down 19,900, followed by salesz (-11,700), health practitioners and technical occupations and architecture and engineering Some areas that saw growth were in art, entertainment, sports and media, which posteds 98,200 advertised vacancies in June.

Metro finishes train car inspection prompted by brake problem on orange line ... - Washington Post

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Metro finishes train car inspection prompted by brake problem on orange line ... Washington Post WASHINGTON â€" Metro says it has finished inspecting more than 450 train cars as a result of an incident last week where a break part fell off an orange line train. Metro says that a metal disk called a “friction ring” fell off an orange line train ... and more »

Russell Slade laments 'really poor' first half after Leyton Orient lose at ... - East London and West Essex Guardian Series

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Yahoo! Eurosport UK

Russell Slade laments 're »

iPad taken from Pearlridge caught on camera - KHON2

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iPad taken from Pearlridge caught on camera KHON2 Police are asking for the public's help to find an iPad that was taken from a Pearlridge eatery, after a Wahiawa mother left it behind. The person who walked off with it can be seen on surveillance video. It's lunchtime at Pearlridge Center and Adriane ... and more »

NASCAR Hall of Fame to open May 11 - Nashville Business Journal:

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The NASCAR Hall of Fame is under construction off SouthCollege Street, near the Charlottre Convention Center. Organizers will launch a saleds campaignthis fall, including ticket and membershilp sales, and will feature the marketing tagline “Where the race livezs on.” The campaign is being developed by Charlottw marketing communications firm Wray Ward. “I am thrillef to announce that Charlotte will proudly welcome visitor s to the NASCAR Hall of Fame with its granc opening onMay 11, 2010,” says Charlottw Mayor Pat McCrory.
“It is a testamentt to our strong history and an excitinfg glimpse intoour region’s dynami future to be able to announce this upcominy milestone date today, on our city’s 60th anniversaru of its first NASCAR race.” Charlotte hosted the first-ever NASCARe “strictly stock” race — later called the Graned National and now the Sprint Cup series on June 19, 1949. The NASCAR Hall of Fame brokre groundon Jan. 25, 2007.

Survey: Pay raises in 2009 to average 3.5% - Puget Sound Business Journal (Seattle):

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consulting firm . The survey, which will be published latefrthis year, shows U.S. employers plan to give workerds merit increases that willaveragwe 3.5 percent in 2009. That's the same averages percentage increase given in 2008 and just slightlty lower thanthe 3.6 percent average increase in 2007. Companieas also plan to award bigger raise sto better-performing employees. Employees whose performancd ratings exceed expectations will receive an average meriy increaseof 4.2 percent, while those who far exceed expectations will receive an average 6 perceng increase, the survey shows.
"Thd economy is no doubt takinf its tollon workers, but theit 2009 merit increases appear safe -- at leasy for now," said Laur a Sejen, global director of strategicc rewards consulting at Watson Wyatt. "Employeed will view holding merit increase budgets steady as a positive sign that will help them offse t inflation and higher energy andfood costs." The surveyt also found that roughlu 33 percent of companies have not made any workforcr contingency plans should the economy continues its slowdown. For the roughly 66 percenf of U.S.
employers who do have contingency planning activity in the most common islayoffs (52 followed by plans to restructure theird organization (46 percent), freeze the hiring of additional workers (39 give smaller pay raises (27 percent) and freezr salaries (13 percent). The results are based on Watson Wyatt'as (NYSE: WW) Global Strategic Rewardsx Survey to be released laterthis year. About 1,39o0 employers participated in the including 276 employers in theUnited