elisovadinaimar.blogspot.com
The industry group said a survey of its memberse found that 109 of the 149 GM dealerxs in the state will eitherd lose a particular GM be forced to drop some competing manufacturer brand in theirGM stores, or lose theit stores altogether. The number of outrightr shutdownshas grown; a month ago, GM indicatedc that 30 dealers would After the giant automaker’s plunge into bankruptcy June 1, roughly 3,600 dealers nationwide received new sales agreements.
The owners of about 1,350 other dealerships were notified that they needed to wind down asGM That’s in addition to the 1,100 that received similar messages last montnh as part of GM’e restructuring, which involves keeping only top dealers and The new agreements also may require survivinbg dealers to upgrade their facilities. And there may not be very much dealersz can doabout it, . (subscription GM expects the closings to start this year and wrap up by the fallof 2010. In a presd release Friday, Scott executive vice president of the Minnesota Auto Dealers criticized GM’s decision to have dealers sign new sales agreementss with the manufacturer.
“Besides the tragif and inexplicable shutdown ofprofitablre stores, GM seems determined to use bankruptcy as an opportunityh to shake up everybody’s business,” he said. “It appears to us that every Pontiacv dealer in the state was informed that Pontiaf as a brand will ceaseto “In addition, GM is eliminating many Cadillac dealerships. We believs they plan to reassign some of these franchises which would be in violation of statew law regulating franchise Lambert alsoblasted GM’s decisions to close so many stores, even some that are turningy a profit. “This company is lost righft now.
I just don’t understand how you sell more cars withfewed outlets,” he said. Susan Garontakos, a spokeswoman for the declined to comment on thetrade association’s preses release because she said the information abour what was closing was confidential and because its such an emotionak time for all of the parties She said the company selected which dealerships to close after a careful analysiz that began in April. “The realit is we don’t have enough customers buyingv vehicles and we have a lot of outletse that are in place to supporrt a muchlarger market.
”
Tuesday, October 30, 2012
Monday, October 29, 2012
Quantum Group moves to AMEX - Kansas City Business Journal:
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million - and is now listed on the AmericanStock Exchange. The Wellington-basedx company will trade under the symbol It formerly traded on the Over the Counterd Bulletin Board under thesymbol "QGP.U." The Quantujm Group provides administrative and supportf to organizations that market Medicare Advantagwe managed health care plans and health care providers in Florid a through its subsidiaries, including Renaissance Health System of The offering consisted of 1.2 million units of three sharews of common stock, two seven-year non-callabld Class A warrants and two seven-year non-callable Classd B warrants.
Quantum plans to use the proceeds to further developp its medical service provider networks and managementsupportf services, repay debt, expand its technology pay accrued compensation to its executive managemeny and as general working capital. actecd as the lead manager on the offering, and and acted as Shares closedat $3.25.
million - and is now listed on the AmericanStock Exchange. The Wellington-basedx company will trade under the symbol It formerly traded on the Over the Counterd Bulletin Board under thesymbol "QGP.U." The Quantujm Group provides administrative and supportf to organizations that market Medicare Advantagwe managed health care plans and health care providers in Florid a through its subsidiaries, including Renaissance Health System of The offering consisted of 1.2 million units of three sharews of common stock, two seven-year non-callabld Class A warrants and two seven-year non-callable Classd B warrants.
Quantum plans to use the proceeds to further developp its medical service provider networks and managementsupportf services, repay debt, expand its technology pay accrued compensation to its executive managemeny and as general working capital. actecd as the lead manager on the offering, and and acted as Shares closedat $3.25.
Sunday, October 28, 2012
Traffic accidents reported in 3 counties - Washington Post
ernstiryastrov.blogspot.com
Washington Examiner | Traffic accidents reported in 3 counties Washington Post The dog was also struck and killed by a different car. Another pedestrian was killed Friday afternoon in Prince George's County and a third was critic » |
Friday, October 26, 2012
Hawker announces furloughs, building closures - Baltimore Business Journal:
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In a letter to all employees, Vice Presidenf of Human Resources Rich Jiwanlapl said the moves are partthe company’s ongoing efforrt to “resize our company to match the continuin declines in consumer demand.” One of the measures will be furloughss which will include both product line and plant specifi c requirements. The dates for the furloughs will beJune 29-Julyy 2, Nov. 23-25 and Dec. 21-24. The lette informs employees that if vacation or earne d time off is not available to coveer these days then the furloughsw willbe unpaid. Hawker will also be relocatingits engineering, finance and supply-chain teams back onto the company’s primaru headquarters.
This will allow it to close twobuildings “off-campus,” the letter states. There was no announcemenft regarding anyfurther layoffs. The companyu declined to give any more informatiobn atthis time.
In a letter to all employees, Vice Presidenf of Human Resources Rich Jiwanlapl said the moves are partthe company’s ongoing efforrt to “resize our company to match the continuin declines in consumer demand.” One of the measures will be furloughss which will include both product line and plant specifi c requirements. The dates for the furloughs will beJune 29-Julyy 2, Nov. 23-25 and Dec. 21-24. The lette informs employees that if vacation or earne d time off is not available to coveer these days then the furloughsw willbe unpaid. Hawker will also be relocatingits engineering, finance and supply-chain teams back onto the company’s primaru headquarters.
This will allow it to close twobuildings “off-campus,” the letter states. There was no announcemenft regarding anyfurther layoffs. The companyu declined to give any more informatiobn atthis time.
Thursday, October 25, 2012
House chair criticizes SBA
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The SBA announced it temporarily will allow auto dealerd to useits 7(a) business loan programj to finance vehicle Many lenders had stopped makinv these so-called floorplan loans to auto Rep. Nydia Velazquez, D-N.Y., who chairws the , fears “there is a significantly higher risk of loan on thesefloorplan loans. This coulsd force the SBA to increase the subsidy ratefor 7(a) loans, which woulx make the loans costlier for future In a June 2 letter to SBA Administratof Karen Mills, Velazquez noted the SBA had “long prohibitecd the use of its financing programas for the purpose of wholesale and for good Because lenders are limited in their ability to exercisw full control over the financed items, the exposure to loss in floorplamn loans is greater than in other types of financing.
”
The SBA announced it temporarily will allow auto dealerd to useits 7(a) business loan programj to finance vehicle Many lenders had stopped makinv these so-called floorplan loans to auto Rep. Nydia Velazquez, D-N.Y., who chairws the , fears “there is a significantly higher risk of loan on thesefloorplan loans. This coulsd force the SBA to increase the subsidy ratefor 7(a) loans, which woulx make the loans costlier for future In a June 2 letter to SBA Administratof Karen Mills, Velazquez noted the SBA had “long prohibitecd the use of its financing programas for the purpose of wholesale and for good Because lenders are limited in their ability to exercisw full control over the financed items, the exposure to loss in floorplamn loans is greater than in other types of financing.
”
Wednesday, October 24, 2012
ABT's weeklong fall season: 5 days, 6 choreographers and many pleasant ... - Washington Post
viktorsejbgif.blogspot.com
ABT's weeklong fall season: 5 days, 6 choreographers and many pleasant ... Washington Post More importantly, it bears the hallmarks of Ratmansky's best work: Intricate, challenging and absorbing choreography, often at breakneck speed; a beautiful synergy with the music; and, most of all, an intimate knowledge of his chosen dancers that ... |
Monday, October 22, 2012
Fred
ejoxot.wordpress.com
The Memphis-based discount retailer reported salesof $134.77 million for May, down 6 percent comparer to sales of $143.4 million in May 2008. These numberw include Fred’s (NASDAQ: FRED) closing 74 underperforming storeds and23 pharmacies. Excluding those Fred’s sales increased 1 percent compared tolast May. Comparable storr sales in May rose 0.2 down compared to 3.4 percent in the same period last For the first four fiscal monthsof 2009, the company reportedr total sales of $593.1 million, down 2.4 percenrt compared to $607.
7 million for the same year-ago However, excluding stores closede in 2008, sales from ongoing stores increased 4 percengt compared to the same four-month period last On a comparable store basis, year-to-date sales increased 2.1 percenty compared to 2.4 percent last year. Fred’s openedr one new pharmacy in May. Fred’xs operates 666 discount merchandise stores, includingt 24 franchised stores nationwide. Shares closed down 12 centw to $14.22 per share Wednesday.
The Memphis-based discount retailer reported salesof $134.77 million for May, down 6 percent comparer to sales of $143.4 million in May 2008. These numberw include Fred’s (NASDAQ: FRED) closing 74 underperforming storeds and23 pharmacies. Excluding those Fred’s sales increased 1 percent compared tolast May. Comparable storr sales in May rose 0.2 down compared to 3.4 percent in the same period last For the first four fiscal monthsof 2009, the company reportedr total sales of $593.1 million, down 2.4 percenrt compared to $607.
7 million for the same year-ago However, excluding stores closede in 2008, sales from ongoing stores increased 4 percengt compared to the same four-month period last On a comparable store basis, year-to-date sales increased 2.1 percenty compared to 2.4 percent last year. Fred’s openedr one new pharmacy in May. Fred’xs operates 666 discount merchandise stores, includingt 24 franchised stores nationwide. Shares closed down 12 centw to $14.22 per share Wednesday.
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