record

Video: Drobny Says U.S. May Have Pension Crisis in 10-15 Years: Video

April 9, 2010

April 9 (Bloomberg) — Steven Drobny, co-founder of Drobny Global Advisors, talks with Bloomberg’s Margaret Brennan about the outlook for pensions in the U.S. and his book “The Invisible Hands: Hedge Funds Off the Record – Rethinking Real Money.” (Source: Bloomberg)

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Simon Sinek: Are You Willing To Strike Out?

March 30, 2010

In 1923, Babe Ruth broke the record for most home runs in a season. That same year, he also broke the record for highest batting average. There is a third record he broke that year that most people don’t know about. In 1923, Babe Ruth struck out more times than any other player in Major League Baseball. Babe Ruth was not afraid to strike out. And it was this fearlessness that contributed to his remarkable career. He was the first player to hit 60 home runs in one season, a record he held for 34 years until Roger Maris hit 61 in 1961. He also held the lifetime total home run record of 714 for 39 years until Hank Aaron broke it in 1974. He held other records too. He had 1,33o career strike outs – a record he held for 29 years until it was broken by none other than the great Mickey Mantle. Most people want to hit home runs, the problem is they are afraid to fail in order to get there. As Babe Ruth proved, you can’t have one without the other. It’s perfectly fine to be a good, solid player who doesn’t go down swinging that often…but it also means you won’t hit that many home runs. Those players are needed on a team – they are the consistent and reliable players. However… If you want to swing for the fences, you have to be willing to strikeout. Simon Sinek teaches leaders and companies how to inspire people. The author of the book Start With Why , he works with the military, politicians, government, entrepreneurs and not-for-profits. For more, visit startwithwhy.com or follow him on twitter @simonsinek .

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Japan Parliament passes Record $1tr budget

March 24, 2010

Japan Parliament passes Record $1tr budget

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Fufeng Group (HKG:0546) Announces its Record High Annual Results And Profit Attributable to Shareholders Increased 2.15 times to RMB 928.3 Million

March 24, 2010

Fufeng Group (HKG:0546) Announces its Record High Annual Results And Profit Attributable to Shareholders Increased 2.15 times to RMB 928.3 Million

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Glowpoint Hires Telecommunications Sales Leader to Drive Market Share Growth

February 18, 2010

Thomas Brown Brings Distinguished Track Record to Leading Managed Video Service Provider

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Abacast Announces New Board Members and Record 2009 Revenues

February 11, 2010

Tim Napoleon, Former Chief Strategist at Akamai and John Kesler, VP of Business Development for Emmis Communications Join Abacast’s Board of Directors; Abacast Reports Record Revenues in 2009, Its Fourth Consecutive Year of Double Digit Revenue Growth

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SAI Global (ASX:SAI) Delivers Earnings Per Share Growth of 23.9% After a Record First Half

February 10, 2010

SAI Global (ASX:SAI) Delivers Earnings Per Share Growth of 23.9% After a Record First Half

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BoE Keeps Interest Rate At Its Low Record In February

February 4, 2010

BoE Keeps Interest Rate At Its Low Record In February

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Open Source Association Veteran Paula Hunter Named Executive Director of the CodePlex Foundation

February 3, 2010

Track Record in Managing and Promoting Industry Organizations Brings Diversity to Open Source Foundation

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Open Source Association Veteran Paula Hunter Named Executive Director of the CodePlex Foundation

February 3, 2010

Track Record in Managing and Promoting Industry Organizations Brings Diversity to Open Source Foundation

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Harper, Facing Protests, Says Cutting Canada’s Deficit Is Government Focus

January 23, 2010

By Theophilos Argitis Jan. 23 (Bloomberg) — Canadian Prime Minister Stephen Harper , facing protests today across the country over his decision to suspend Parliament, said his government is using the break to ready the second year of its stimulus package and draft plans to fight the record budget deficit. “We’ve obviously had a successful year rolling out infrastructure projects, but we now have to turn our mind to the broader agenda, to some of the economic challenges including deficit reduction ahead of us,” Harper, 50, said in Ottawa. The Conservatives’ lead over the main opposition Liberals has shrunk since Harper suspended Parliament last month, recent polls show. Opposition parties said the move was aimed at avoiding questions about the Canada’s role in Afghanistan and the treatment of detainees handed over to local forces. Liberal Party Leader Michael Ignatieff today is scheduled to speak at a rally in Ottawa to protest Harper’s suspension of the legislature. It’s the second time the government has suspended Parliament over the past year. Harper has said the move was needed to help the government plan an agenda to secure an economic recovery. Dwindling Support An EKOS Research Associates poll this week showed the Conservatives, also known as Tories, falling into a statistical tie with the main opposition Liberals amid opposition criticism that the suspension was an abuse of power. When asked about the protests today, Harper said the government was “busy” and preparing for the new session of Parliament. Support for the governing Conservatives fell to 32 percent in a Jan. 13-19 poll, from 40 percent in October, according to the EKOS poll of 2,892 Canadians. Support for the Liberals climbed to 31 percent from 26 percent according to the poll, which had a margin of error of 1.8 percentage points. Harper, who begins his fifth year in power today, earlier this week made changes to his cabinet that included placing a veteran party official to help battle the budget deficit and prepare the country for the end of stimulus spending. Canada will post a record C$55.9 billion ($53 billion) budget deficit for the current fiscal year. Stockwell Day , who once headed the Canadian Alliance party, a predecessor to Harper’s Conservatives, moved from trade to the Treasury Board. Day said he wants to see a “road map” to erase the record budget deficit. Harper today also announced the government would match all donations from Canadians for Haiti “dollar-for-dollar.” The government had previously said it would match as much as C$50 million ($47.2 million) in donations. “Giving has exceeded our wildest expectations and we will continue to match pledges dollar for dollar,” Harper said To contact the reporters on this story: Theophilos Argitis in Ottawa at targitis@bloomberg.net

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Will it get better soon? (The Record and Herald News)

January 3, 2010

2009 was a tumultuous year for business and the economy, and 2010 promises more of the same. Here, from The Record’s business staff, are things to watch in key sectors as the new year unfolds and we find out if the recovering economy can gain some traction.

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Citigroup Sued By Terra Firma Capital for Alleged Fraud in EMI Acquisition

December 11, 2009

By Karen Gullo and Adam Satariano Dec. 11 (Bloomberg) — Citigroup Inc. was sued over the 2007 acquisition of EMI Group Ltd. by private-equity firm Terra Firma Capital Partners Ltd., which said the bank misrepresented that another firm was bidding on the record company. Terra Firma sued to recover “lost equity of billions of dollars” and obtain punitive damages from Citigroup , which stood to garner substantial fees from the deal as investment adviser and lender to EMI and sole financier to the private- equity company, according to a complaint filed today in New York Supreme Court in Manhattan. When other private-equity firms dropped out of the bidding for EMI in 2007, Citigroup misrepresented that Cerberus Capital Management was actively participating in the auction and that London-based Terra Firma would lose the EMI bid unless it raised its offer, according to the complaint. Terra Firma said it paid an inflated price for EMI, also based in London, because of Citigroup’s misrepresentation. The bank also interfered with Terra Firma’s investment by rejecting efforts to restructure EMI and attempting “to soften the markets” for EMI in a bid to take control of the record company by pushing it into insolvency, according to the complaint. “We believe this suit is without merit and we will defend ourselves vigorously,” Danielle Romero-Apsilos , a Citigroup spokeswoman, said in an e-mail. The lawsuit is the latest development between Citigroup and Terra Firma since the 2007 purchase of EMI at the height of the leveraged-buyout boom. The purchase gave Terra Firma control of the record label of the Beatles, Coldplay and Norah Jones . Cash Injection Citigroup rejected Terra Firma’s request to reduce EMI’s debt by 40 percent in return for a 1 billion pound ($1.63 billion) cash injection from the private-equity group, two people familiar with the talks said last month. Citigroup turned down the offer to lower the 2.5 billion-pound debt of EMI it controls because it would be forced to write off some of what it lent, one of the people said. Guy Hand , Terra Firma’s founder, stepped down as chief executive officer this year after the firm wrote off about half its EMI investment. The label posted a 1.39 billion-euro loss in 2008 amid a continued drop in album sales. Buyout firms including Terra Firma typically use loans secured on the targets they acquire to finance about two-thirds of the purchase price, and cash from their own funds for the rest. The firms usually invest no more than 20 percent of their fund in one company. The case is Terra Firma v. Citigroup, 09603737, New York State Supreme Court (Manhattan). To contact the reporters on this story: Karen Gullo in San Francisco at kgullo@bloomberg.net ; Adam Satariano in San Francisco at asatariano1@bloomberg.net .

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Paul Kelley Elected to Lead Statewide Water Group

December 4, 2009

ACWA Members Also Choose Randy Record for Vice President Post

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In-Geithner-We-Trust Market Brings Lowest Treasury Yields With …

November 29, 2009

Here is a new post from %sourceexcerpt% Continue here: In-Geithner-We-Trust Market Brings Lowest Treasury Yields With Record Debt Industry-News.org finds the best stories around the globe and distributes them to our readers.

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Ron Kaiser Joins MobileAccess as President & CEO to Set Stage for Next Phase of Company’s Growth

November 23, 2009

Current Chairman Brings Proven Track Record of Operational Excellence and High Technology Management Experience to MobileAccess

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Update: Kerio Appoints Industry Veteran Pavel Suk as Vice President of Engineering

November 23, 2009

Accomplished Leader Brings Solid Track Record of Technology Innovation and Operational Expertise

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Kerio Appoints Industry Veteran Pavel Suk as Vice President of Engineering

November 22, 2009

Accomplished Leader Brings Solid Track Record of Technology Innovation and Operational Expertise

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Rob Bearden Joins Black Duck Software’s Board of Directors

October 28, 2009

Bearden Brings Twenty Years of Industry Experience and a Stellar Track Record for Building and Scaling World-Leading Open Source and Enterprise Software Companies

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Rob Bearden Joins Black Duck Software’s Board of Directors

October 28, 2009

Bearden Brings Twenty Years of Industry Experience and a Stellar Track Record for Building and Scaling World-Leading Open Source and Enterprise Software Companies

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Rob Bearden Joins Black Duck Software’s Board of Directors

October 28, 2009

Bearden Brings Twenty Years of Industry Experience and a Stellar Track Record for Building and Scaling World-Leading Open Source and Enterprise Software Companies

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Video: Downturn’s Impact On Baseball

September 25, 2009

Analysis and discussion with President of Boras Corporation Scott Boras. He says they do not represent players in other sports; their effectiveness is based on the fact that they are players and their focus is 24/7 on one sport. (For The Record)

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Software Industry Leader Mike Williams Named CEO of Nextance

September 16, 2009

Track Record in Customer Success, Market Innovation, and Growth Positions Nextance for New Levels of Achievement

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Video: LinkIn Reaches Out

September 11, 2009

Analysis and discussion with the Founder and CEO of LinkIn Reid Hoffman. He says Linkin reaches out to people and we get more active because we have a demographic that is younger and slightly more affluent on average. (For The Record)

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Video: Wells Fargo’s Customers First

September 4, 2009

Analysis and discussion with the CEO of Wells Fargo John Stumpf. He says there is only one way to thrive in the future by using money to make good loans and do as much business as possible with every customer. (For The Record)

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Video: Still Flying Despite Recession

August 28, 2009

Analysis and discussion with the CEO of JetBlue Dave Barger. He says he remains on track to report a profit this year despite tremendous headway and he is well-positioned to pick some of the pieces that remain from an industry shattered by the recession. (For The Record)

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Video: Baseball On Downturn Times

August 21, 2009

Analysis and discussion with the President of Boras Corporation Scott Boras. He says he wants the athletes to know that they monitor the sport from amateur, international, minor league and major league. (For The Record)

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New Starwood REIT Raises $810M; May Top Mead Johnson’s Record $828 …

August 12, 2009

Market sources tell Real Estate Channel Starwood is among at least two dozen private-equity firms planning to form publicly traded REITs to buy or originate debt used to finance offices, retail centers and other real estate . Other recent offerings include those by Apollo Management LP and Colony Capital LLC. PennyMac Mortgage Investment Trust, established by former executives of Countrywide Financial Corp., has raised $335 million by selling shares, less than half of the … Read the rest here: New Starwood REIT Raises $810M; May Top Mead Johnson's Record $828 …

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South Korea’s base rate remains at 2%

August 12, 2009

12 Aug 2009 The Bank of Korea’s monetary policy committee has voted to maintain its base rate at the record low level of two per cent. Media speculation had suggested the central bank may consider …

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Citigroup Takes Trading in U.S. Stocks to New Heights: Chart of the Day

August 6, 2009

By David Wilson Aug. 6 (Bloomberg) — Citigroup Inc., propped up by government aid after descending into the ranks of corporate basket cases, is rewriting the record books for trading in a U.S. stock. The CHART OF THE DAY shows all the record-setting days since 2000, according to data compiled by Bloomberg. The latest one was yesterday, when Citigroup become the first stock listed on U.S. exchanges to exceed 2 billion shares in one day. Citigroup shattered its own record. The 2.67 billion shares that changed hands yesterday was 43 percent higher than the mark set on Feb. 27, when the federal government agreed to its third bailout attempt at the bank since October. Before then, WorldCom Inc. held the top spot for almost seven years. Trading in the long-distance telephone company set a record on May 14, 2002, at 670.5 million shares. Seven weeks later, 1.51 billion shares changed hands on the first day of trading after a three-day suspension, resulting from the company’s disclosure of $3.9 billion in hidden losses. Enron Corp., Intel Corp. , JDS Uniphase Corp. and Lucent Technologies Inc. previously held the record during the decade. Enron’s total, 345.7 million shares, was almost the same as the 347 million-share closing trade in Citigroup yesterday on the New York Stock Exchange. Yesterday was the 14th billion-share trading day for Citigroup since Feb. 27, Bloomberg’s data show. Trading in two other recipients of bailouts, American International Group Inc. and Bank of America Corp. , also crossed this threshold during the past 12 months. (To save a copy of the chart, click here.) To contact the reporter on this story: David Wilson in New York at dwilson@bloomberg.net

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Video: Forecast After Credit Crisis Is Over

July 24, 2009

Analysis and discussion with Lazard Deputy Chairman Gary Parr. He says there will be four to seven major financial institutions that will do corporate lending will be successful. (For The Record)

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Video: Earnings Update – Profits are Trouncing Estimates

July 24, 2009

Potential Record – 74% of S&P 500 Companies are Beating Estimates; S&P Has Rallied 10% Since Alcoa Reported; “Revenue Outlook” Less Worse?; “Policy Juice” Yet to Take Effect (Bloomberg News)

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Video: Earnings Update – Profits are Trouncing Estimates

July 24, 2009

Potential Record – 74% of S&P 500 Companies are Beating Estimates; S&P Has Rallied 10% Since Alcoa Reported; “Revenue Outlook” Less Worse?; “Policy Juice” Yet to Take Effect (Bloomberg News)

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