Lutz on the Payoffs of GM's Re-EngineeringCost cutting is fine, but there must be more!The US automaker's efforts seem to be a day late and a dollar short. I am not sure at all that they can turn around their companies and become truely competitive in the US, nor...
Troubled General Motors has notified two racetracks that run NASCAR events that their current contracts will not be renewed as part of an overall $10 billion cost-cutting program. That seems to be just the first step in what could be a huge drop in support by GM,...
Two of the largest airlines in the US lost a combined $2.5bn (1.25bn) in the second quarter, as rising jet fuel prices and restructuring costs hobbled their operations. American Airlines and Delta said they would ground additional planes and cut even more flights in their attempt to...
There was further gloomy news from the building and financial sectors yesterday as Wolseley signalled further cost cuts in the UK, and HBOS announced job reductions. Wolseley, the building materials group, slashed some 6,000 jobs worldwide in the last financial year, and said it was keeping costs...
HEBER CITY, Utah -- Diatect International Corporation (OTCBB:DTCT), a provider of eco-friendly insect control products, today announced that Patrick Carr, a sales and marketing veteran executive was appointed Chief Executive Officer and new board member. David Andrus will continue to serve the company in the role of President. Carr's appointment...
WASHINGTON -- Citizens Against Government Waste CAGW today observed Cost of Government Day by expressing outrage at the federal, state, and local governments' continued abuse of hundreds of billions of tax dollars in outdated, ineffective, duplicative, and wasteful programs and agencies. Cost of Government Day is the date on which...
Prager Sealy Chooses GroundWork for Network Management SAN FRANCISCO -- GroundWork Open Source, Inc. (www.groundworkopensource.com), the leader in commercial open source systems OSS and network management software, announced today that Prager Sealy & Co., LLC, has joined Commonwealth Financial Network, National Australia Bank, Royal Bank of Canada, Stark...
DETROIT -- General Motors on Tuesday announced sweeping cost cuts and fundraising moves in an effort to quell rumors and speculation that bankruptcy is a serious threat for the automaker. GM's plans will total about $15 billion -- enough, it said, to help it survive the current market...
Jetty web and application server chosen due to technical functionality, embeddable features and experience of Webtide team MANHATTAN BEACH, Calif. -- Webtide, the main developer of leading open source HTTP server and Java web container, Jetty, today announced that PaperCut, the leading solution to monitor, quota and report...
European legislation forcing mobile phone operators to cut the price of sending text messages between EU countries by up to 50 per cent could come into effect as early as next year. At the moment, the average cost of SMS roaming is 29 euro cents, more than...
PROVO -- City Council showed Provo employees the love Tuesday night as they unanimously approved a swath of resolutions to continue to cover their benefits. In a 6-0 vote, with Councilwoman Cindy Clark absent, the council appropriated nearly $275,000 to continue to pay the full cost of...
FRANKFURT AFP — Volkswagen, the biggest European car maker, said Tuesday it would invest up to 620 million euros one billion dollars in its first US plant to counteract effects of the euro's rise against the dollar. The US market "is an important part of our volume strategy...
CHICAGO AFP — US auto giant General Motors on Tuesday warned of "significant" losses in the second quarter and unveiled a fresh cost-cutting program to battle slumping sales amid soaring fuel prices. The largest US automaker said it will lay off white collar workers, slash truck and sport...
AIRLINE INDUSTRY INFORMATION-C1997-2008 M2 COMMUNICATIONS LTD United Airlines is to postpone its planned launch of flights between Washington DC and Moscow. The US Transportation Department has reportedly granted permission for the carrier to delay the start of the flights from 26 October 2008 until 29 March...
When Santander bought Abbey National nearly four years ago, rival bankers said it was only a matter of time before Spain's biggest bank did a second deal to extract maximum benefit from the acquisition. Alliance & Leicester was top of most people's lists because it was big...
Firm conducts study of U.S. major airline carriers; finds flaws, opportunities GREENSBORO, N.C., July 15 /PRNewswire/ -- The current, troubled state of the airline industry is nearly matched by the branding of major U.S. carriers, according to a study conducted by brand strategists at Stealing Share, a...
PARIS, July 15 /PRNewswire-FirstCall/ -- Valeo announces today that its StARS micro-hybrid system equips the new Mercedes A and B class. Invented by Valeo, this system featuring the Stop-Start function, cuts off the engine when the vehicle is at a standstill, at traffic lights for instance, and...
PROVO -- City employees have said in a landslide vote they want city administrators to cover their health benefits and maintain pay steps. Now the City Council will consider three resolutions to appropriate funding in the 2009 budget to pay for those employee benefits. ...
America's Health Insurance Plans AHIP has released a proposal with strategies to reduce total health care costs by $145 billion in the next seven years. The proposal, "A Shared Responsibility: Advancing Toward a More Accessible, Safe, and Affordable Health Care System for America," focuses on five key principles that must...
Online Builder-Buyer Matchmaker Now One of the Largest Real Estate Listing Syndications to Showcase New Homes and Condo Communities Worldwide SAN FRANCISCO -- James Uberti, Vice President of Sales and Business Development for First Release Homes, Inc., announced today the company has expanded its real estate syndication. This...
Articles 2008-07-15
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