Several groups seek to purchase Saturn auto brand

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Several groups seek to purchase Saturn auto brand

Thursday, May 7, 2009

Penske Automotive Group, Inc., an Ohio-based investment group and Telesto Ventures have indicated separately that they are interested in purchasing the Saturn auto brand from General Motors (GM).

According to The Wall Street Journal, Nissan-Renault is interested in purchasing Saturn. Bloomberg, however, indicated that Nissan-Renault may be a partner of Penske’s potential bid. If Penske acquired the brand, they would distribute Saturn vehicles and outsource the assembly.

GM revealed that the Saturn brand along with Saab and Hummer were up for sale when unveiling their restructuring plans to Congress for governmental loans. While the Pontiac brand was originally to be a niche brand, GM had changed their plans recently and decided to eliminate the brand.

Telesto Ventures is an investment group that includes private equity firm Black Oak Partners LLC of Oklahoma City and several Saturn dealerships. Initially, Telesto will purchase Saturn branded cars from GM then act as a general retailer for foreign brands. Telesto is in talks with several foreign manufacturers.

The Ohio group includes many former senior auto company managers plus private financial backers, chemists and engineers who live in Michigan, Ohio, Indiana and Florida. This group plans to initially purchase cars from GM then purchase existing but closed plants due to automaker restructuring. Additionally, one of the partners indicated a willingness to accept some “legacy” cost in relation to the United Auto Workers. The Ohio group is also pursuing possible loans or other support from national and state governments.

GM is reviewing several offers for Saturn. GM has contracted with S.J. Girsky & Co. to advise them on the sale.

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Oil price falls on inventory report

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Oil price falls on inventory report

April 21, 2018 · Filed under Uncategorized

Thursday, September 8, 2005

Crude oil prices fell by $0.32, to $63.95 a barrel, after a report showed lower than expected losses in oil supplies due to Hurricane Katrina.

According to a report published by the U.S. Department of Energy (DOE), crude oil stocks declined by 6.5 million, to 315 million barrels. The department also announced that 57% of the production capacity in the Gulf of Mexico is still down, versus 97% the day after the storm.

The DOE said it expected that production would not return to normal until December.

Yesterday, economists warned that one of the impacts of Katrina on the US economy would be a reduction in the number of jobs by up to 400,000. They also said the country’s GDP, in the second half of 2005, could be 1% less than expected, due to the surge in oil prices.

The Executive Director of the International Energy Agency (IEA), Claude Mandil, announced a collective action by members of the 26 nation agency. An agreement was reached to supply an additional 60 million barrels to the market over the next 30 days. The biggest contribution of total response comes from North America (52%), then by Europe (30%), and finally the Pacific region (18%). The share of these increases is based upon of the consumption from each of the IEA member areas.

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Gunman commits suicide at University of Texas

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Gunman commits suicide at University of Texas

April 20, 2018 · Filed under Uncategorized

Tuesday, September 28, 2010

A man wearing a ski mask and carrying an assault rifle apparently killed himself in the library of the University of Texas in Austin, Texas earlier today.

The university was placed under lockdown and all classes were canceled as a result of the incident. Nobody else was hurt, but police are still looking for a possible second gunman. Art Acevedo, the chief of Austin police, said that officials are also considering the possibility of explosives left by the suspect. Armored vehicles were seen moving around the campus in response to the event, as well as {{w|SWAT team|SWAT teams}, bomb-sniffing dogs, and police helicopters. An ambulance was seen around 9:00 a.m. CDT (1400 UTC) at the University of Texas’ Perry-Castaneda library.

The school’s website included a notice this morning, which read: “The person involved in this morning’s shooting on campus has been confirmed dead on the sixth floor of the Perry-Castaneda Library from an apparent self-inflicted gunshot wound. Law enforcement are searching for a second suspect. If you are off campus, STAY AWAY. If you are on campus, lock doors, do not leave your building.” The gunman was reportedly killed by a self-inflicted gunshot wound, and no shots had been fired by law enforcement officials.

The shooter has not yet been identified, and the reason behind the incident is not yet known. Witnesses described the man as wearing a dark suit and ski mask, and carrying an assault rifle. Randall Wilhite, a professor at the university, said that he heard gunshots while going to class and saw the suspect heading toward the library just after 8:00 a.m. CDT (1300 UTC). The gunman appeared to be firing shots randomly. “When I pulled up in my car, he stood right in front of me and didn’t stop running but turned in my direction, fired three shots into the ground to the left of my car and kept running,” said Wilhite. The gunman had the chance to shoot students, added Wilhite, but he did not appear to be targeting them.

The school, which has around 50,000 students, sent out an alert around that time warning students to stay where they were. Robby Reeb, a senior at the school, said that “a guy sprinted past me screaming, ‘There’s a guy with a gun.’ I looked up and saw a man in a ski mask, wearing a suit, and carrying an assault rifle. And I called 911.”

Police said that the gun used in the shooting was an AK-47, and that they were examining two different crime scenes: where the shots were fired outside, and where the gunman was found dead in the library. Police would not say whether he was attending the university. Chief Acevado said that there were “reports of a second suspect that was wearing a beanie with a long rifle, wearing blue jeans and a black top” that “may or may not be a white male.”

Several hours after the lockdown began, police allowed students to leave the university’s campus, although nobody is still allowed to enter.

The school was also the site of a shooting spree on August 1, 1966, in which university student Charles Whitman fatally shot fourteen to sixteen people and wounded another 32 before being himself killed by law enforcement authorities; reports of the exact death toll are inconsistent. Whitman, a former U.S. Marine, shot students from the observation platform of the school’s tower. That event was the deadliest school shooting in the United States until the 2007 Virginia Tech massacre.

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All American Disposal: Disposing Of Garbage, One Day At A Time

April 20, 2018 · Filed under Construction

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byAlma Abell

Disposing of trash in large quantities is one of the great under-appreciated services of the world. It is not at the forefront of business practices, but it is incredibly important. Without this, businesses would accumulate massive excess in no time at all. But stocking and shipping garbage is a bit more complex, especially with the more resourceful companies. All American Disposal is one resource in particular that provides a full range of garbage removal services to make matters clean and smooth all along the way.

Difficult to Dispose Of GarbageSome of the most useful and common items are surprisingly difficult to dispose of. These are concretes, metals, and steel. They need to be disposed of properly, and match specific coding that is enforced in the city. It is not just a matter of dumping it in piles and calling it a day. Regulations require companies to recycle this material, and any breach of these terms will force some fines to add up. All American Disposal removes this more advanced and recyclable waste in large quantities using waste hauling trucks that best competition in the region.

Clean Up After a Job Well DoneWho really wants to clean up after a massive construction overhaul? It is surprising to know how many construction companies do not stipulate clean up in the aftermath of a renovation or new job. But it is not just construction jobs that are outsourced that cause messes. General changes and in-house alterations require some major cleaning. Construction and yard clean up is common, and these resources are also recyclable more often than not. Officials target the aftermath of a construction or renovation job to see if the materials are being disposed of properly. Be safe and hire a company that does this for living, as opposed to keeping it in house and opening the door for fines and concerns.

There is a lot of trash in the world. Companies can do their part to alleviate the trash burden by encouraging recycling and working with companies that do the same. The regulations are not enough. The best companies strive to recycle as much as possible, and keep business properties in top form.

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Category:Education

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Category:Education

April 20, 2018 · Filed under Uncategorized

This is the category for Education. See also the Education Portal.

Refresh this list to see the latest articles.

  • 26 January 2018: United States: Two dead in Kentucky high school shooting
  • 20 October 2017: Arrangement of light receptors in the eye may cause dyslexia, scientists say
  • 21 January 2016: Detroit teachers stage sickout to protest working conditions as Obama visits
  • 28 October 2015: Time magazine names Ahmed Mohamed to ‘Most Influential Teens of 2015’
  • 23 October 2015: Masked man kills two in sword attack at Swedish school
  • 4 October 2015: Several dead in Oregon college shootings
  • 22 September 2015: Texas student Ahmed Mohamed inspires social movement
  • 2 August 2015: Local municipalities in Italy ask taxes from religious schools
  • 22 April 2015: Student kills teacher in Barcelona
  • 4 March 2015: Beverly Hall, indicted public school superintendent, dies aged 68
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Looted, possibly contaminated body parts transplanted into USA, Canadian patients

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Looted, possibly contaminated body parts transplanted into USA, Canadian patients

April 20, 2018 · Filed under Uncategorized

Monday, March 20, 2006

Fears of contaminated bone and skin grafts are being felt by unsuspecting patients following the revelation that funeral homes may have been looting corpses.

Janet Evans of Marion Ohio was told by her surgeon, “The bone grafts you got might have been contaminated”. She reacted with shock, “I was flabbergasted because I didn’t even know what he was talking about. I didn’t know I got a bone graft until I got this call. I just thought they put in screws and rods.”

The body of Alistair Cooke, the former host of “Masterpiece Theatre,” was supposedly looted along with more than 1,000 others, according to two law enforcement officials close to the case. The tissue taken was typically skin, bone and tendon, which was then sold for use in procedures such as dental implants and hip replacements. According to authorities, millions of dollars were made by selling the body parts to companies for use in operations done at hospitals and clinics in the United States and Canada.

A New Jersey company, Biomedical Tissue Services, has reportedly been taking body parts from funeral homes across Brooklyn, New York. According to ABC News, they set up rooms like a “surgical suite.” After they took the bones, they replaced them with PVC pipe. This was purportedly done by stealth, without approval of the deceased person or the next of kin. 1,077 bodies were involved, say prosecuters.

Investagators say a former dentist, Michael Mastromarino, is behind the operation. Biomedical was considered one of the “hottest procurement companies in the country,” raking in close to $5 million. Eventually, people became worried: “Can the donors be trusted?” A tissue processing company called LifeCell answered no, and issued a recall on all their tissue.

Cooke’s daughter, Susan Cooke Kittredge, said, “To know his bones were sold was one thing, but to see him standing truncated before me is another entirely.” Now thousands of people around the country are receiving letters warning that they should be tested for infectious diseases like HIV or hepatitis. On February 23, the Brooklyn District Attorney indicted Mastromarino and three others. They are charged with 122 felony counts, including forgery and bodysnatching.

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Sony refreshes VAIO brand for business and entertainment

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Sony refreshes VAIO brand for business and entertainment

April 19, 2018 · Filed under Uncategorized

Thursday, July 31, 2008

From the middle of July, Sony Corporation refreshed their senior laptop brand VAIO from “Video Audio Integrated Operation” to “Visual Audio Intelligent Organizer”. According to Sony Taiwan Limited, this refreshment is an attempt to relocate the laptop consuming market for business and entertainment factors.

In the “VAIO Experience 2008” press conference in Europe, Sony promoted their new product series for different populations including BZ for business, FW for home entertainment, Z for ultra-slim, and SR for complex applications.

Different with past series, Sony added “Clear Bright” screening technology for high-definition display, and “full-carbon production” features. BD-burning and Intel Centrino 2 processing technologies will be featured in all the new models. For security issue, Sony also embedded fingerprint system to prevent personal data to be stolen. Continued from TZ series, innovative designs including “Green Power Button”, “Situational Switch” are also added in newly-launched series.

“Due to consuming market differences, Sony only promoted BZ series in Europe and America but not included Asia. Although the TICA Show in Taipei will be different, functionality will be the greatest issue when a consumers choose a notebook [computer] before buying.” addressed by executives from Sony Taiwan Limited, during the “VAIO Experience 2008” press conference in Taiwan.

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Business Insurance In Tyler, Tx And Why It’s So Important

April 19, 2018 · Filed under Insurance

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byAlma Abell

Countless businesses have faced steep penalties, fines, and even staggering lawsuit settlements simply because they didn’t have insurance. Most of these businesses either tried to avoid the cost of business insurance, or simply assumed their business didn’t need this kind of protection. Let’s take a look at what this insurance is, the types that are available, and why you need Businesses Insurance in Tyler TX in the first place.

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Business insurance is something that’s associated with a variety of coverage types to protect a business from financial loss. As a business owner, you can get coverage to protect your workers in case they’re injured on the job. You can also get coverage to protect your property and items related to your business.

There are several different types of coverage that are available. For instance, let’s say you’re an owner that runs a limousine business; in this case you’ll need to obtain commercial auto insurance. Commercial auto insurance covers you in case your employees are ever in an accident on the road.

Property insurance is another coverage type that all businesses should have. This type of coverage protects your physical property in case something were to happen to it. Insurance companies, like the Kit Parkhill Insurance Agency, will provide compensation for your business in the event that there’s a fire, a break-in, a flood, or something else. It’s important to note what types of damages are covered under your policy. Some policies may cover floods and earthquakes, while others cover neither.

Is business insurance that important? In short, it absolutely is! The risk of a lawsuit is one of the biggest reasons why you should have Businesses Insurance in Tyler, TX. Most business owners believe they aren’t at risk when it comes to lawsuits, because they don’t have enough assets. Unfortunately, your lack of assets can’t protect you from prosecutors or judgments. Even if your business were to close you could still be required pay a settlement through wage garnishments and other personal assets.

Talk to an insurance professional to learn about the types of coverage that are available. There’s coverage out there for basically every aspect of your business. The cost of the coverage will depend on your insurance company and your policy.

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Despite passage of bailout bill, two US states may need loans

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Despite passage of bailout bill, two US states may need loans

April 19, 2018 · Filed under Uncategorized

Sunday, October 5, 2008

Despite the passage of a 700 billion USD bill by the United States House of Representatives on Friday and the Senate on Wednesday, two U.S. states may need loans totaling over 14 billion dollars.

California and Massachusetts are seeking at least 7 billion dollars each from the federal government as loans. Officials and lawmakers in both states say that the loans would be temporary.

According to Massachusetts’ state treasurer, Timothy P. Cahill, the state was unable to borrow money last week on a short term loan. He also states that the state can afford to pay its bills and debts for the next few weeks, but not beyond that without a short-term loan from the government. Cahill has asked the federal government for a loan similar to the recent one passed by Congress and the Senate.

“That’s all we would ask them to do: Treat us like the investment banks,” said Cahill to the Associated Press.

Officials in California say they need an emergency loan, or they will run out of money by the end of October. California’s governor, Arnold Schwarzenegger said the state is “not out of the woods” and needs a short term loan from the government.

“California and other states may be unable to obtain the necessary level of financing to maintain government operations and may be forced to turn to the federal treasury for short-term financing,” said Schwarzenegger in a letter to the Treasury Department, which is taking the letter under consideration.

On Friday, the U.S. House of Representative voted to pass a revised bailout bill which included raising the FDIC insurance cap to $250,000, a move designed to please progressives. However, the $110 billion in tax breaks, earmarks and what has been called pork barrel spending is not offset by any increases in revenues and has added opposition to the bill from some Representatives in the House. Earmarks added into the bailout bill included $192 million in tax rebates for the Virgin Islands rum industry, $148 million in tax cuts for the wool industry, $100 million tax cuts to the auto racing industry, and $48 million in Hollywood tax incentives, among others.

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Microsoft and Yahoo! link their instant messaging services

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Microsoft and Yahoo! link their instant messaging services

April 18, 2018 · Filed under Uncategorized

Thursday, July 13, 2006

Nine months after announcing the interoperability between their instant messaging (IM) services, Internet rivals Microsoft and Yahoo! began limited public beta (pre-release) testing of the program. This enables users of the two services to communicate with each other using their existing IM client, Microsoft’s Windows Live Messenger (formerly MSN Messenger) and Yahoo! Messenger with Voice.

Users wishing to use the new feature can go to a special page on the service’s website, where they have to review and accept an agreement. After signing out and signing in again, the interoperability is enabled without downloading any new software.

The service is designed to allow users to see each others’ online presence, view personal status messages, share select emoticons, view offline messages and add new contacts from either service. However, more advanced features, like voice calls and shared folders are not interoperable between the two services.

The program is available internationally in more than 15 markets.

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