July 2009

Health-care inches ahead in Congress; public wary

July 30, 2009

Health-care inches ahead in Congress; public wary

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Health-care inches ahead in Congress; public wary

July 30, 2009

Health-care inches ahead in Congress; public wary

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Pacific Coast Warehouse Company Appoints New President to Lead the Organization

July 30, 2009

CHINO, CA–(Marketwire – July 30, 2009) – Pacific Coast Warehouse Company announced today that it has hired Jim Marcoly as President of the organization, effective immediately. Mr. Marcoly has led and managed logistics operations and business development for more than two decades with both service providers and Fortune 100 companies including Kraft Foods, Unilever/Bestfoods and Smart & Final.

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Retail Markets Continue to Struggle in Q2, but Some Improvement in Sight

July 30, 2009

CoStar Group subscribers, who attended the presentation this week by Jay Spivey, CoStar Group’s Senior Director of Research & Analytics, were provided the latest detailed analysis on the state of the retail commercial real estate industry, benefitting…

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Sabrix Strengthens Management Team With Addition of Patrick Williams as Senior Vice President of Global Sales

July 30, 2009

SaaS and Enterprise Software Veteran to Lead Sabrix Worldwide Sales Operations in Next Phase of Growth

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Novogen Director Retires

July 30, 2009

SYDNEY, AUSTRALIA–(Marketwire – July 30, 2009) – The Board of Novogen Limited ( ASX : NRT ) ( NASDAQ : NVGN ) has received and accepted the resignation of Mr. Peter B.

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Novogen Director Retires

July 30, 2009

SYDNEY, AUSTRALIA–(Marketwire – July 30, 2009) – The Board of Novogen Limited ( ASX : NRT ) ( NASDAQ : NVGN ) has received and accepted the resignation of Mr. Peter B

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Altum Promotes From Within and Continues to Grow With Fresh Talent

July 30, 2009

PARSIPPANY, NJ–(Marketwire – July 30, 2009) – Altum, a CommonHealth freestanding, full-service professional advertising and promotion company with global reach, spanning every marketing discipline with a focus on high-science and specialty markets, today announced one promotion and nine new hires. CommonHealth ( www.commonhealth.com ) is the world’s leading healthcare-communications network and a WPP ( NASDAQ : WPPGY ) ( www.wpp.com ) company.

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Bizo Hires Media Sales Veteran for Director Post

July 30, 2009

John Whitmore’s Top Brand Expertise Fills Out Stellar Leadership Roster

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Bizo Hires Media Sales Veteran for Director Post

July 30, 2009

John Whitmore’s Top Brand Expertise Fills Out Stellar Leadership Roster

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Bizo Hires Media Sales Veteran for Director Post

July 30, 2009

John Whitmore’s Top Brand Expertise Fills Out Stellar Leadership Roster

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Confidence in European Economic Outlook Climbed More Than Forecast in July

July 30, 2009

By Jurjen van de Pol July 30 (Bloomberg) — European confidence in the economic outlook increased more than economists expected in July, adding to signs the deepest recession in more than six decades may be bottoming out.

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Schumacher Return Provides Formula One With Welcome Relief After BMW Exit

July 30, 2009

By Dan Baynes and Alex Duff July 30 (Bloomberg) — Michael Schumacher ’s surprise return to Formula One may not have come at a better time for the sport. The most successful driver in F-1 history said yesterday he’ll come out of retirement and plans to stand in for the injured Felipe Massa at the Ferrari team, with which he won five of his record seven world championships. Schumacher’s comeback at the age of 40 was announced hours after Bayerische Motoren Werke AG said it’s quitting the sport at the end of 2009, becoming the second carmaker in less than a year to withdraw from the auto-racing series amid slumping sales and friction between the teams and the governing body. “BMW is bad news for all Formula One fans,” Walter Kafitz, managing director of the Nurburgring circuit that hosted the July 12 German Grand Prix, said in an interview.

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Munich Re May Consider Purchases to Triple Health Unit’s Revenue by 2015

July 30, 2009

By Oliver Suess July 30 (Bloomberg) — Munich Re , the world’s biggest reinsurer, may make acquisitions to boost its health unit’s premium income to 9.3 billion euros ($13.2 billion) by 2015. “If we are able to add one or two acquisitions of a manageable size over the coming years we can achieve our growth targets,” Wolfgang Strassl , management board member at Munich Re and head of the Munich Health unit, said in an interview. Health insurance is one of the most promising growth markets for Munich Re as people living longer and rising costs will force the reform and privatization of public health-care systems worldwide, Strassl said on July 27

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Marriott Seeks to Expand by Taking Over Struggling Hotels From Competitors

July 30, 2009

By Nadja Brandt July 30 (Bloomberg) — Marriott International Inc. , the largest U.S. hotel chain, plans to expand by taking over the operation of hotels from competitors unable to pay or refinance debt, Chief Financial Officer Carl Berquist said.

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Poland Lures Citigroup, Putnam as Growth Makes Zloty Top Emerging Currency

July 30, 2009

By Piotr Skolimowski and Pawel Kozlowski July 30 (Bloomberg) — Five months after investors fled Poland on concern eastern Europe was headed for a banking crisis, money is flooding back to one of the few countries to escape the global recession. Morgan Stanley, Putnam Investments and Brown Brothers Harriman & Co. forecast more gains in the zloty following a 6 percent rally that made it July’s best performer against the euro among 26 emerging-market currencies. Citigroup Inc.

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Nigerian Army Attacks Militants in Fifth Day of Fighting Against Islamists

July 30, 2009

By Vincent Nwanma July 30 (Bloomberg) — Nigeria’s army attacked Islamist militants in a “clearing” operation in the northeastern city of Maiduguri, as clashes in which more than 300 people have died continued for a fifth day.

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Continental Board May Back $2.1 Billion Share Sale, Defy Schaeffler’s Plan

July 30, 2009

By Chris Reiter July 30 (Bloomberg) — Continental AG , Europe’s second- biggest car-parts maker, may endorse plans to raise 1.5 billion euros ($2.1 billion) in a share sale, defying majority owner Schaeffler Group and building up cash to help pay back debt. Half of Continental’s supervisory board hails from unions that favor a capital increase to safeguard the company’s survival. The 20-member board meets in Hanover, Germany, today to decide whether to remain apart from Schaeffler or combine operations amid the worst auto slump since World War II. “It’ll be difficult for Schaeffler to secure a majority,” said Hans-Peter Wodniok , an analyst at Fairesearch in Frankfurt

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Treasuries Decline Before $28 Billion Auction on Speculation Demand Waning

July 30, 2009

By Gavin Finch and Theresa Barraclough July 30 (Bloomberg) — Treasuries fell, with the yield on the seven-year note approaching the highest level in more than a month before a $28 billion sale of the securities, as stock gains damped demand for the relative safety of government debt. Ten- and 30-year debt led declines as the MSCI World Index rose for the first time in three days.

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BASF May Cut Dividend for First Time in 16 Years as Demand Drops, CFO Says

July 30, 2009

By Antonio Ligi July 30 (Bloomberg) — BASF SE , the world’s biggest chemical company, said it expects a “significant” drop in sales and earnings this year after shuttering factories to weather a global slide in demand. Its shares fell. “The downturn seems to have bottomed out and there seems to be stabilization at a low level,” Chief Financial Officer Kurt Bock said in a statement on the company’s Web site. “But we see no signs of a sustained upturn.” Net income fell 74 percent to 343 million euros ($483 million) in the second quarter, missing a 373 million-euro analyst estimate, the Ludwigshafen, Germany-based company said today.

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Nintendo Wii Sales Fall for First Time as PlayStations Drive Sony to Loss

July 30, 2009

By Mariko Yasu July 30 (Bloomberg) — Nintendo Co. , the world’s largest maker of video-game players, reported a 61 percent drop in profit as sales of its flagship Wii game consoles declined for the first time since the product’s introduction in 2006. Net income declined to 42.3 billion yen ($445 million) in the three months ended June 30, from 107.4 billion yen a year earlier, Kyoto-based Nintendo said today. That missed the 47.5 billion yen median of five analyst estimates compiled by Bloomberg News

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Cablevision Said to Be Preparing Spinoff of Madison Square Garden Division

July 30, 2009

By Kelly Riddell July 30 (Bloomberg) — Cablevision Systems Corp. is preparing to spin off its Madison Square Garden assets, including the New York Knicks basketball team and Radio City Music Hall, according to a person familiar with the matter.

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Volkswagen Second-Quarter Profit Falls 83% as Audi, Skoda Revenue Declines

July 30, 2009

By Andreas Cremer July 30 (Bloomberg) — Volkswagen AG , Europe’s largest carmaker, said second-quarter profit fell 83 percent as the recession curbed sales at units including Audi and Skoda. Net income declined to 283 million euros ($398 million) from 1.64 billion euros a year earlier, the Wolfsburg, Germany- based automaker said today in a statement.

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Stocks Rise as BT, Honda Earnings Exceed Estimates; Metals, Pound Advance

July 30, 2009

By Stuart Wallace July 30 (Bloomberg) — Stocks rose in Asia and Europe and U.S.

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MetLife reports $1.4 billion quarterly net loss

July 29, 2009

MetLife reports $1.4 billion quarterly net loss

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Kellogg profit up 13% as sales ease

July 29, 2009

Kellogg profit up 13% as sales ease

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Housing Boom Finds 190 Million New Customers: Alexandre Marinis

July 29, 2009
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Goldman Sachs Hatred Might Cost You Your Bonus: Jonathan Weil

July 29, 2009
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South Korean Fishing Boat, Four Crewmen, Seized Off North Korea’s Coast

July 29, 2009

By Shinhye Kang July 30 (Bloomberg) — North Korea seized a South Korean fishing boat and its four crew members after the vessel strayed across a maritime border, testing a relationship that has deteriorated since the communist nation’s May nuclear test.

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Health-Care Overhaul Plan May Advance With U.S. House Agreement, Cost Cut

July 29, 2009

By Kristin Jensen and Laura Litvan July 30 (Bloomberg) — Top Democrats in Congress quelled a rebellion by party lawmakers over legislation overhauling the U.S. health-care system, and the measure gained momentum in both the House and Senate. White House officials and congressional leaders struck a deal with dissident Democrats who had blocked the bill in the House for weeks. In the Senate, Finance Committee Chairman Max Baucus said his effort to reach a bipartisan accord will be boosted by new estimates lowering the cost of the plan

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China’s Government May Take Action to Slow Stock Market Gains, Robeco Says

July 29, 2009

By Bloomberg News July 30 (Bloomberg) — China’s government may take action to slow the world’s second-best-performing stock market because of concern prices rose too fast, Robeco Hong Kong Ltd.’s Arnout van Rijn said.

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GM China Expects 70%-Plus Increase in July Auto Sales on Stimulus, Economy

July 29, 2009

By Bloomberg News July 30 (Bloomberg) — General Motors Co., the largest overseas automaker in China, expects to report a 70 percent-plus increase in local sales this month on the back of government stimulus measures and a rebounding economy. July sales will be about 140,000 vehicles, GM China President Kevin Wale said in an interview in Shanghai yesterday.

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Citigroup’s Pandit Said to Visit Asia to Buoy Worker, Client Confidence

July 29, 2009

By Bradley Keoun July 30 (Bloomberg) — Citigroup Inc.

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Yahoo’s Bartz Gets `Vote of No Confidence’ as Microsoft Deal Sinks Shares

July 29, 2009

By Dina Bass and Brian Womack July 30 (Bloomberg) — The honeymoon is over for Yahoo! Inc. Chief Executive Officer Carol Bartz . Yahoo shares , which had surged 42 percent since Bartz took over in January, slumped 12 percent yesterday after the company agreed to outsource its Internet-search business to Microsoft Corp

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Most Asian Stocks Decline as Commodities Producers Fall; Honda Advances

July 29, 2009

By Patrick Rial and Masaki Kondo July 30 (Bloomberg) — Most Asian stocks fell as lower commodities prices dragged down materials producers, overshadowing better-than-expected earnings at Honda Motor Co. and Nissan Motor Co

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Sheryl Crow to Perform at Greenbuild

July 29, 2009

Rocker Sheryl Crow will open the U.S. Green Building Council’s Greenbuild 2009 Conference in Phoenix with a concert at Chase Field, the home of baseball’s Arizona Diamondbacks. “Performing at Greenbuild is like being on the international stage of the…

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Sheryl Crow to Perform at Greenbuild

July 29, 2009

Rocker Sheryl Crow will open the U.S. Green Building Council’s Greenbuild 2009 Conference in Phoenix with a concert at Chase Field, the home of baseball’s Arizona Diamondbacks

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Verizon Wireless Keeps SoCal HQ in Irvine Spectrum

July 29, 2009

Verizon Wireless is keeping its Southern California headquarters in Irvine Spectrum, retaining 2,300 jobs for the region. The telecommunications giant signed a 10-year deal with Irvine Company Office Properties to renew its 475,000-square-foot lease…

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Visa Quarterly Profit Jumps 73 Percent Amid Recession

July 29, 2009

BOSTON — Visa Inc. on Wednesday said its fiscal third-quarter profit jumped nearly 73 percent, as recent cost-cutting helped offset declining payment processing volume driven down by the recession. Executives with the world’s largest electronic payment network said they see recent stabilization in the economy. They offered a slightly more optimistic outlook for Visa’s fiscal fourth quarter, citing recent moderation in the payment volume decline.

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Huff TV: Arianna Discusses Executive Compensation, Financial Crisis With Howard Dean (VIDEO)

July 29, 2009

Arianna appeared on “Countdown” tonight, guest-hosted by Howard Dean, to discuss the dysfunctional financial industry, and in particular Congress’s battle to ensure that executive compensation doesn’t stem from CEOs making risky moves that are not in the interest of shareholders and that could threaten the system itself. WATCH: Visit msnbc.com for Breaking News , World News , and News about the Economy

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Outbound Mail: USPS Targets Thousands of Branches for Closure

July 29, 2009

Bedroom communities across the country have been reading and hearing similar headlines in the last few weeks: Leawood post office will close in September — Kansas City Star USPS moving operations out of Winchester — WHSV in Winchester, VA Uiv…

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Colgate’s profit rises 14%; sales sag

July 29, 2009

Colgate’s profit rises 14%; sales sag

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Dollar loses steam as U.S. stocks rally

July 29, 2009

Dollar loses steam as U.S. stocks rally

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Airlines edge higher; Southwest bids on Frontier

July 29, 2009

Airlines edge higher; Southwest bids on Frontier

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Disney revenue disappoints; Las Vegas Sands drops

July 29, 2009

Disney revenue disappoints; Las Vegas Sands drops

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WD ships industry’s first 1 TB mobile hard drive

July 29, 2009

WD ships industry’s first 1 TB mobile hard drive

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Bank Watch: Capitol Bancorp Thinks Michigan May Now Be Underbanked

July 29, 2009

Capitol Bancorp Ltd. in Lansing, MI, on which CoStar reported last week had cut a deal to sell its Nevada branches, has this week announced a plan to spin-off its Michigan Commerce Bancorp Ltd. as an independent publicly traded bank holding company. When…

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Lease Cancellations: Big 10 Tire Deflates Lease Payments

July 29, 2009

Mobile, AL-based Big 10 Tire Stores filed chapter 11 bankruptcy in April. At the time of the filing, the 104-store chain announced no intention to close stores but said it would attempt to obtain rent relief from its landlords. Through bankruptcy reorganization…

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National Layoffs: Verizon Cutting 8,000; Avon 2,300

July 29, 2009

Avon Products Inc. plans to realign its global supply chain manufacturing footprint and improve its operating model effectiveness in key geographies

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The Lease Up (July 26 – Aug. 1): Claremont Prep Takes 200,000 SF at 25 Broadway

July 29, 2009

Editor’s Note: Expansions Relocations & Extensions is now The Lease Up. Here you will find news on companies that are bucking the trend of the recession by expanding, or taking advantage of the market by relocating. You will also find stories on businesses…

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