Tuesday, September 15, 2009

“Headlines: Delphi retirees sue pension panel - Detroit Free Press” plus 4 more

“Headlines: Delphi retirees sue pension panel - Detroit Free Press” plus 4 more

Headlines: Delphi retirees sue pension panel - Detroit Free Press

Posted: 15 Sep 2009 08:41 AM PDT

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On the positive side, Delta said it expects its year-over-year revenue per available seat mile decline for the third quarter will show a slight improvement from the second-quarter year-over-year change.

MOVIES: Lifton Institute still has class openings

The Lifton Institute for Media Skills, the film school that will operate as part of Unity Studios in Allen Park, said Monday it still has some openings for its first classes that start Oct. 26.

Jimmy Lifton, the Hollywood production executive who heads the studio project, is creating the school to teach would-be film workers the skills needed to handle jobs on the sets of movie and TV productions.

"We have room for 250 students for fall semester," said Unity Studios President Jimmy Lifton. "While some of the course tracks for fall are full or nearly full, we still have room for students in other tracks."

People can apply for fall, winter and spring-semester classes at www.LiftonInstitute.com. If accepted, school officials will help students obtain tuition assistance through the state if needed. For information, call 877-904-5467 or 313-928-1400, ext. 141.

MEDIA: Rohm & Haas heir wants to buy newspapers

An heir to the Rohm & Haas Co. fortune confirmed Monday he is one of the local investors trying to win the Philadelphia Inquirer and Philadelphia Daily News at auction.

David Haas, 53, has joined housing company cofounder Bruce Toll and a pension fund in offering $37 million plus real estate to buy Philadelphia Newspapers LLC, the company that operates the two dailies.

Creditors are preparing a rival bid. A judge could decide at a hearing today the pivotal issue of whether they can make a "credit bid" with some of the $400 million owed to them.

The local bidders said they would keep CEO Brian Tierney at the helm while creditors want new management.

Haas was a director of chemical giant Rohm & Haas, which was bought by rival Dow Chemical Co. this year, and has been chairman of the William Penn Foundation, started by his grandparents, for about 15 years.

PHARMACEUTICALS: Eli Lilly will cut 5,500 jobs, reorganize

Drugmaker Eli Lilly & Co. said Monday it will eliminate 5,500 jobs, or 13.6% of its staff, and reorganize into five business units in an effort to slash costs and speed development of potential new drugs.

The Indianapolis company said it will reduce its workforce to 35,000 by the end of 2011. It has about 40,500.

RETAIL: 10 Wal-Marts to have extended hours

Ten Michigan Wal-Mart stores are going to 18-hour formats, opening at 6 a.m. and closing at midnight.

The stores had been open from 7 a.m. to 10 p.m. Those with extended hours are in Alma, Ypsilanti, Traverse City, Grand Rapids, Sterling Heights, Grandville, Hastings, White Lake, Van Buren Township and Troy.

EMPLOYERS President and CEO to Address Students, Business Community at ... - Biloxi Sun Herald

Posted: 15 Sep 2009 09:03 AM PDT

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RENO, Nev., Sept. 15 /PRNewswire-FirstCall/ -- Douglas Dirks, President and CEO of Employers Holdings, Inc. (NYSE: EIG), will address business students, alumni and community business leaders during the University of Nevada, Reno's Business Week. In his speech titled, "Private Business in an Increasingly Public World - Government at the Business Table," Mr. Dirks will discuss the implications on business operations when government has a seat at the table - including the impact on decision-making, changes required in core competencies, and the opportunities created by change.

What: Mr. Dirks will provide a unique perspective on the role of government in business, having led the privatization of Nevada's workers' compensation market, the conversion of the Nevada State Fund to a private, mutual insurance company, and the ultimate demutualization and initial public offering of the company's shares in 2007. The subject of Mr. Dirks' speech will be especially relevant considering today's current business climate.

When:

Wednesday, September 16, 2009

7 p.m. - 8:30 p.m.

Where: Joe Crowley Student Union on the University of Nevada, Reno campus (Campus map)

Why: EMPLOYERS is a University of Nevada, Reno Corporate Partner and is committed to contributing real-world experiences and perspectives to students through guest speaking, career development workshops, and collaboration on class projects.

About Employers Holdings, Inc.

Employers Holdings, Inc. (NYSE: EIG) is a holding company with subsidiaries that are specialty providers of workers' compensation insurance and services focused on select small businesses engaged in low-to-medium hazard industries. The company, through its subsidiaries, operates throughout the United States. Insurance is offered by Employers Insurance Company of Nevada, Employers Compensation Insurance Company, Employers Preferred Insurance Company, and Employers Assurance Company, all rated A- (Excellent) by A.M. Best Company. Additional information can be found at: http://www.employers.com.

Copyright(C) 2009 EMPLOYERS. All rights reserved. EMPLOYERS(R) and America's small business insurance specialist.(R) are registered trademarks of Employers Insurance Company of Nevada.

SOURCE Employers Holdings, Inc.

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Warriors mean business - Honolulu Advertiser

Posted: 15 Sep 2009 09:24 AM PDT

SUMMERLIN, Nev. For the Hawai'i football team, business-class accommodations meant a cramped weight room and stair-sprinting in 90-degree weather.

"We're here to train," center John Estes said of the Warriors' week-long preparation for Saturday's game against Nevada-Las Vegas.

After a nearly 2-hour video review of Saturday's 38-20 victory over Washington State, the Warriors worked out for about 2 1/2 hours at Palo Verde High, a 10-minute drive from Summerlin, a Las Vegas suburb where the Warriors are being sequestered.

A tight schedule which includes meetings and study sessions and a strict pinkie-swear honor system have kept the Warriors focused.

"We're not going to the Strip or doing anything else," Estes said. "We're trying to win a football game."

Arriving in two buses, the Warriors took turns using Palo Verde's two weight rooms one equipped with free weights, the other with universal machines.

There were two no-nos: No slacking, no noise. When one player started to chat during a stretching routine, several players yelled: "Shut up and stretch."

"We're very serious about this," said Mel deLaura, who is coordinating the weight training and conditioning program during this two-game, 11-day trip.

After the lifting session, the Warriors stepped into the heat. Fortunately, there was Nevada's version of tradewinds.

"That made it cooler," Estes said. "And it wasn't humid, so we didn't sweat that much."

Because the football field was being used by the Panther high school team, deLaura altered the planned 16 "gassers" sprints in which the players run eight at three-quarter speed and eight at 80 percent. Instead, the Warriors ran 16 sprints up the stadium bleachers.

That was when wideout Rodney Bradley regretted wearing sweatpants.

Even middle linebacker Brashton Satele, whose left arm was in a splint following season-ending shoulder surgery three weeks ago, scaled the bleachers.

Defensive end Fetaiagogo Fonoti, who is recovering from a hyper-extended left kneecap, jogged on the track.

"It feels good to get out of the hotel, and start training," linebacker Corey Paredes said. "We wanted to get loose."

WAC honors for two

Quarterback Greg Alexander and Paredes were named the Western Athletic Conference's players of the week for offense and defense.

Alexander completed 26 of 36 passes for a career-high 453 yards. His three scoring passes helped stake the Warriors to a 35-0 lead in the second quarter.

"He needs to improve his ball-handling," said head coach Greg McMackin, a reference to Alexander's four fumbles in the first two games. But "he's really running the offense. He's doing well, and he has a good surrounding cast."

Of the award, Alexander said, "It feels good. I didn't do anything special. I just did my job. The receivers, the line they did a great job. All of the yards came from the receivers, the (yards-after-catch)."

It has been quite a summer for Paredes, who was awarded a football scholarship during training camp. Paredes made his first UH start the past Saturday.

"At first, I was a little nervous," Paredes said. "But the butterflies went away after the first play. You can't be nervous."

Paredes finished with eight tackles, two of which resulted in fumbles. On one play, Paredes hit Washington State wideout Jared Karstetter, who fumbled. The ball bounced through the UH end zone, resulting in a touchback and giving possession to the Warriors.

"You have to be at the right place at the right time," Paredes said. "The coaches put me in the right places to make plays."

McMackin said: "I'm really happy with Corey. He was a walk-on. We gave him a scholarship because we felt he was worthy of it. He played a good ball game. He represents a defense that caused a lot of turnovers."

Emergency QB

Backup quarterback Brent Rausch is back in Honolulu for further tests on what is believed to be a fractured pinkie on his right (throwing) hand.

Shane Austin, who was summoned to replace Rausch on the travel squad last week, said he always prepared in case of an emergency.

"It was really last second," said Austin, who joined the Warriors Friday in Seattle. "I had to pack up my stuff and get on the flight the next day. A lot of people on that flight were going to the game. It was good to talk with them."

Reach Stephen Tsai at stsai@honoluluadvertiser.com.

Business inventory slid in July - United Press International

Posted: 15 Sep 2009 09:03 AM PDT

WASHINGTON, Sept. 15 (UPI) -- Business inventories slid 1 percent in July from June and 11.8 percent on the year, the U.S. Census Bureau said Tuesday.

The monthly figure adding up manufacturing, retail and wholesale inventories, was right in line with the consensus forecast.

Sales in July rose 0.1 percent from June, although sales are down 17.8 percent from a year ago.

The total business inventories to sales ratio, was 1.36, based on seasonally adjusted data, the Census Bureau said. A year ago, the ratio was 2.27.

The ratio indicates how long it will take to sell existing inventory at current prices. As the ratio rises, it indicates that manufacturers may have too much inventory on hand and may adjust by slowing production.

New York business index improves - United Press International

Posted: 15 Sep 2009 08:20 AM PDT

NEW YORK, Sept. 15 (UPI) -- The New York Federal Reserve said manufacturing conditions reflected in a monthly survey stayed positive for the second consecutive month.

The general business conditions index for the Empire State turned positive in August for the first time in more than a year. In September, the index gained another 7 points to 18.9, the highest level since late 2007, the New York Fed said.

The composite index in the survey of 175 New York businesses reached 12.1, in August.

In September the new orders index rose 6 percentage points to 19.8, the highest level in that index since November 2007. The shipments index slid 9 points to 5.3.

The employment index measuring the number of employees remained in negative territory, at minus 8.3, essentially unchanged from a month ago. but the index measuring work hours increased sharply, up 12 points to 6.

The future business index, reflecting sentiment on future business conditions, rose 4 points to 52.3, the highest level since 2004, the report said.
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