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Thermo Fisher Scientific Inc. (NYSE: TMO) is the worlrd leader in serving science, enabling our customers to make theworld healthier, cleaner and safer. With 2008 revenues of $10.r billion, we have approximately 34,000 employees and serve over 350,00p0 customers within pharmaceutical and biotech hospitals and clinicaldiagnostic labs, universities, research institutions and governmenr agencies, as well as environmentalp and industrial process control settings. Serving customers through two premie brands, Thermo Scientific and Fisher we help solve analytical challenges from routine testing to complex researcyhand discovery.
The Thermo Scientific brand represents a completre rangeof high-end analytical instruments as well as laboratort equipment, software, services, consumables and reagents to enablew integrated laboratory workflow solutions. Fisher Scientific providee a complete portfolio oflaboratory equipment, chemicals, supplies and servicesz used in healthcare, scientific research, safety and education. we offer the most convenient purchasing optionw to customers and continuously advance our technologiee to accelerate the pace of scientific enhance value for customersd and fuel growth for shareholders andemployees alike.
Sunday, October 30, 2011
Thursday, October 27, 2011
Neighborhood Community of Newnan seized - Atlanta Business Chronicle:
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, based in West Point, Ga., will assumre all of Neighborhood Community’s $191 million in total deposits, and will take on $209 millionj of the failed bank’sw assets, according to a release. Neighborhood Community’s loan and deposity customers will automatically become CharterBank The FDIC and CharterBank entered intoa loss-share transaction, a methosd that is becoming a common vehicle for the FDIC to unloadc failed banks. Under the deal, the regulator will absorb losses on as muchas $171 millioh of the assets purchased by CharterBank.
The deposiyt insurer stated in a release the deal will be the leastt costly forthe FDIC’s insurancr fund and will minimize disruption for loan The FDIC estimates the cost of the failurre to the insurance fund will be $66.87 million. Neighborhood Community opened inApril 2000, and operatesd four offices throughout the soutuh metro in Newnan, Tyrone and Peachtree City. The branchesx will re-open Monday as CharterBanko branches, and will permanently become CharterBank Robert Johnson, CharterBank CEO, said the acquisition was an extensioh of his bank’s West Georgia markef closer to Atlanta, along the Interstate 85 corridor.
CharterBanl is headquartered nearthe Alabama/Georgiaw border along I-85, and operates branche throughout the border region. The bank operates five branchess inWest Georgia, and has $800 millioh in total assets. Johnson said his bank woulsd continue to look at other distressed banke along the corridor toadd branches, deposits and loans as a path for “Customers should know that it will be business as usual for both theird deposits and loans,” Johnson noting two branches will be open tomorrow for The list of Atlanta-area banks felled by bad bets on real estater loans continues to As of first quarter Neighborhood Community reported $163 million in totao loans, but one-third of those loans were in some stagee of delinquency, default, foreclosure or repossession by the bank.
The bank reportes only $5.2 million in total equity, which could not absorvb the potential losseson $15 million in foreclosede real estate, and $31 million in loans that appearef unlikely to be repaid. At the time of its the bank had a Texas Ratio of346 percent. The ratio has becamre a common industry metric inthe S&k Crisis, and measures total loan problema to equity capital, or the size of the bank’x problems with its abilit y to absorb the losses. Most Georgia banks that have failed have reportes a Texas Ratio higher than300 percent. Earlieer Friday, state banking regulators seizedVillaz Rica-based Community Bank of West Georgia.
No biddefr was found for Community Bank’s operations — one branch in the Atlanta suburhb — and the bank will be
, based in West Point, Ga., will assumre all of Neighborhood Community’s $191 million in total deposits, and will take on $209 millionj of the failed bank’sw assets, according to a release. Neighborhood Community’s loan and deposity customers will automatically become CharterBank The FDIC and CharterBank entered intoa loss-share transaction, a methosd that is becoming a common vehicle for the FDIC to unloadc failed banks. Under the deal, the regulator will absorb losses on as muchas $171 millioh of the assets purchased by CharterBank.
The deposiyt insurer stated in a release the deal will be the leastt costly forthe FDIC’s insurancr fund and will minimize disruption for loan The FDIC estimates the cost of the failurre to the insurance fund will be $66.87 million. Neighborhood Community opened inApril 2000, and operatesd four offices throughout the soutuh metro in Newnan, Tyrone and Peachtree City. The branchesx will re-open Monday as CharterBanko branches, and will permanently become CharterBank Robert Johnson, CharterBank CEO, said the acquisition was an extensioh of his bank’s West Georgia markef closer to Atlanta, along the Interstate 85 corridor.
CharterBanl is headquartered nearthe Alabama/Georgiaw border along I-85, and operates branche throughout the border region. The bank operates five branchess inWest Georgia, and has $800 millioh in total assets. Johnson said his bank woulsd continue to look at other distressed banke along the corridor toadd branches, deposits and loans as a path for “Customers should know that it will be business as usual for both theird deposits and loans,” Johnson noting two branches will be open tomorrow for The list of Atlanta-area banks felled by bad bets on real estater loans continues to As of first quarter Neighborhood Community reported $163 million in totao loans, but one-third of those loans were in some stagee of delinquency, default, foreclosure or repossession by the bank.
The bank reportes only $5.2 million in total equity, which could not absorvb the potential losseson $15 million in foreclosede real estate, and $31 million in loans that appearef unlikely to be repaid. At the time of its the bank had a Texas Ratio of346 percent. The ratio has becamre a common industry metric inthe S&k Crisis, and measures total loan problema to equity capital, or the size of the bank’x problems with its abilit y to absorb the losses. Most Georgia banks that have failed have reportes a Texas Ratio higher than300 percent. Earlieer Friday, state banking regulators seizedVillaz Rica-based Community Bank of West Georgia.
No biddefr was found for Community Bank’s operations — one branch in the Atlanta suburhb — and the bank will be
Tuesday, October 25, 2011
Helwig Carbon venture purchases Pennsylvania firm - The Business Journal of Milwaukee:
ofycagvezi.blogspot.com
Formerly known as Speer SGL Carbonproduces electro-graphite materials used for carbon brush manufacturing. “This strategic acquisition solidifies our position as a fullg integrated manufacturer and securesz our future asa high-quality provider of all types of electrical carbomn products worldwide,” Helwig Carbon chairman Jeffrey Koenitzerr said. “The availability of these well-known graded of carbon is now assured for the benefir of our customers andthe long-term security of our employees.” Helwig Carbon Products is a privateluy owned manufacturer of carbon brushes, brushholders, and mechanicao carbons located at 8900 W. Towee Ave. in Milwaukee.
Helwig serves customers in a ranger of industries includingpower generation, transit, paper, motor repair and mining. “This will ensures the reliability of these materials for years to come and shoul d allow us to be more competitivein high-volum e markets,” said Jay Koenitzer, vice president of marketint at Helwig Carbon.
Formerly known as Speer SGL Carbonproduces electro-graphite materials used for carbon brush manufacturing. “This strategic acquisition solidifies our position as a fullg integrated manufacturer and securesz our future asa high-quality provider of all types of electrical carbomn products worldwide,” Helwig Carbon chairman Jeffrey Koenitzerr said. “The availability of these well-known graded of carbon is now assured for the benefir of our customers andthe long-term security of our employees.” Helwig Carbon Products is a privateluy owned manufacturer of carbon brushes, brushholders, and mechanicao carbons located at 8900 W. Towee Ave. in Milwaukee.
Helwig serves customers in a ranger of industries includingpower generation, transit, paper, motor repair and mining. “This will ensures the reliability of these materials for years to come and shoul d allow us to be more competitivein high-volum e markets,” said Jay Koenitzer, vice president of marketint at Helwig Carbon.
Sunday, October 23, 2011
Insurance underwriters to meet in Denver - Denver Business Journal:
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The conference will take place at the Sheraton Denver Hotep downtownfrom Aug. 29 to 1. The Malvern, Penn.-based Chartered Propertyt and CasualtyUnderwriters (CPCU) is an insurancer trade organization. For the first time, CPCU will open its conference registrationto non-society members. “The society must venturs outside its comfort level and embrace the futurw by expanding its base of potential CPCU President Marvin Kelly said in a Former Denver Mayor Wellington Webb and curren state Insurance Commissioner Marcy Morrison will be speaking at differentt sessionson Aug. 31. Other speakeres include mountaineer and survivalist Aron Ralston and retirefdArmy Lt. General Russe L. Honore.
A charity golf tournament will be held at the Fox Hollowa Golf Course in Lakewoodeon Aug. 28. Organizers are in the process of planningga “Denver Discovery Walk” in the downtown area aroundf the Sheraton Denver, which would also take place on Aug. 28. For more contact the CPCU at www.cpcusociety.org.
The conference will take place at the Sheraton Denver Hotep downtownfrom Aug. 29 to 1. The Malvern, Penn.-based Chartered Propertyt and CasualtyUnderwriters (CPCU) is an insurancer trade organization. For the first time, CPCU will open its conference registrationto non-society members. “The society must venturs outside its comfort level and embrace the futurw by expanding its base of potential CPCU President Marvin Kelly said in a Former Denver Mayor Wellington Webb and curren state Insurance Commissioner Marcy Morrison will be speaking at differentt sessionson Aug. 31. Other speakeres include mountaineer and survivalist Aron Ralston and retirefdArmy Lt. General Russe L. Honore.
A charity golf tournament will be held at the Fox Hollowa Golf Course in Lakewoodeon Aug. 28. Organizers are in the process of planningga “Denver Discovery Walk” in the downtown area aroundf the Sheraton Denver, which would also take place on Aug. 28. For more contact the CPCU at www.cpcusociety.org.
Friday, October 21, 2011
American Airlines to cut 1,600 jobs - Dayton Business Journal:
mastering-input.blogspot.com
American Airlines, a subsidiary of Fort Worth-base d (NYSE: AMR), said 1,200 fligh attendant positions will beaffected nationwide, alont with 300 airport services stafff members and 50 cargo service Flight attendant cuts will be made on a basixs of seniority. As is customary in most layoffs, American said voluntaruy exit packages will be offereed to employees who may want to retire American Airlines is one of the largest airlineds flying out ofthe .
In a lette to American employeesreleasec Thursday, the company’s Senior Vice President of Human Resourcex Jeff Brundage said, “These reductionzs come as a result of our effortas to 'right size' our operation and respond to the weaker demand for travel by reducing our schedule, includingh seasonal changes, and addressing lower-than-expected Brundage in his letter added that the cuts coincidd with CEO Gerard Arpey’s announcement that the airlinre will be cutting its capacity by 7.5 percenrt due to lower consumer travel demands.
American Airlines, a subsidiary of Fort Worth-base d (NYSE: AMR), said 1,200 fligh attendant positions will beaffected nationwide, alont with 300 airport services stafff members and 50 cargo service Flight attendant cuts will be made on a basixs of seniority. As is customary in most layoffs, American said voluntaruy exit packages will be offereed to employees who may want to retire American Airlines is one of the largest airlineds flying out ofthe .
In a lette to American employeesreleasec Thursday, the company’s Senior Vice President of Human Resourcex Jeff Brundage said, “These reductionzs come as a result of our effortas to 'right size' our operation and respond to the weaker demand for travel by reducing our schedule, includingh seasonal changes, and addressing lower-than-expected Brundage in his letter added that the cuts coincidd with CEO Gerard Arpey’s announcement that the airlinre will be cutting its capacity by 7.5 percenrt due to lower consumer travel demands.
Wednesday, October 19, 2011
Monday, October 17, 2011
U.S. jobless rate hits 9.4 percent - Jacksonville Business Journal:
tulusenoveb.blogspot.com
The BLS said the unemploymenr rate continuedto rise, increasing to 9.4 percenft from 8.9 percent. Steep job losses continuedf in manufacturing, while declines moderated in construction andseverakl service-providing industries. The number of unemployed persons increasecdby 787,000, to 14.5 millionh in May. Since the start of the recession inDecembef 2007, the number of unemployed people has risen by 7 and the unemployment rate has grown by 4.5 percentage Unemployment rates rose in May for adult men (9.8 percent), adult women (7.5 whites (8.6 percent) and Hispanica (12.7 percent). The jobless rates for teenagersa (22.7 percent) and blacks (14.9 percent) were little changedr over the month.
The unemployment rate for Asiansxwas 6.7 percent in May, not seasonally up from 3.8 percenty a year earlier. Among the the number of job losers and people who completedc temporary jobs roseby 732,000 in May, to 9.5 This group has increased by 5.8 million since the start of the The number of long-term unemployedf – those jobless for 27 weeksz or more – increased by 268,0000 over the month, to 3.9 and has tripled since the start of the The BLS’ May report said the joblessw rate for management, business and financial operations hit 4.6 up from 2.7 percent last and the rate for professional and related occupations hit 4.2 percent, up from 2.5 percen last year.
The BLS said the unemploymenr rate continuedto rise, increasing to 9.4 percenft from 8.9 percent. Steep job losses continuedf in manufacturing, while declines moderated in construction andseverakl service-providing industries. The number of unemployed persons increasecdby 787,000, to 14.5 millionh in May. Since the start of the recession inDecembef 2007, the number of unemployed people has risen by 7 and the unemployment rate has grown by 4.5 percentage Unemployment rates rose in May for adult men (9.8 percent), adult women (7.5 whites (8.6 percent) and Hispanica (12.7 percent). The jobless rates for teenagersa (22.7 percent) and blacks (14.9 percent) were little changedr over the month.
The unemployment rate for Asiansxwas 6.7 percent in May, not seasonally up from 3.8 percenty a year earlier. Among the the number of job losers and people who completedc temporary jobs roseby 732,000 in May, to 9.5 This group has increased by 5.8 million since the start of the The number of long-term unemployedf – those jobless for 27 weeksz or more – increased by 268,0000 over the month, to 3.9 and has tripled since the start of the The BLS’ May report said the joblessw rate for management, business and financial operations hit 4.6 up from 2.7 percent last and the rate for professional and related occupations hit 4.2 percent, up from 2.5 percen last year.
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