Thursday, November 26, 2009

“Business events scheduled for the coming month - Dayton Daily News” plus 4 more

“Business events scheduled for the coming month - Dayton Daily News” plus 4 more

Business events scheduled for the coming month - Dayton Daily News

Posted: 26 Nov 2009 12:03 AM PST

The Associated Press 3:06 AM Thursday, November 26, 2009

WASHINGTON — National Association of Realtors releases pending home sales index for October, 10 a.m; Commerce Department releases construction spending for October, 10 a.m.

DETROIT — Major automakers report U.S. auto sales for November.

FRAMINGHAM, Mass. — Staples Inc. reports third-quarter financial results.

WASHINGTON — Federal Reserve releases Beige Book, 2 p.m.

WASHINGTON — Labor Department releases weekly jobless claims, 8:30 a.m.; Labor Department releases revised third-quarter productivity, 8:30 a.m.; Freddie Mac, the mortgage company, releases weekly mortgage rates.

NEW YORK — The Institute for Supply Management releases its service sector index for November, 10 a.m.

NEW YORK — Retailers report sales results.

HORSHAM, Pa. — Toll Brothers Inc. reports fourth-quarter financial results.

WASHINGTON — Labor Department releases employment data for November, 8:30 a.m.; Commerce Department releases factory orders for October, 10 a.m.

WASHINTGON — Federal Reserve releases consumer credit data for October, 3 p.m.

WASHINGTON — Labor Department releases job openings and labor turnover survey for October, 10 a.m.

WASHINGTON — Commerce Department releases wholesale trade inventories for October, 10 a.m.

WASHINGTON — Labor Department releases weekly jobless claims, 8:30 a.m.; Commerce Department releases international trade for October, 8:30 a.m.; Treasury releases federal budget for November, 2 p.m.; Freddie Mac, the mortgage company, releasesweekly mortgage rates.

WASHINGTON — Commerce Department releases retail sales for November, 8:30 a.m.; Commerce Department releases business inventories for October, 10 a.m.

WASHINGTON — Labor Department releases the Producer Price Index for November, 8:30 a.m.; Treasury releases money flows data for October, 9 a.m.; Federal Reserve releases industrial production for November, 9:15 a.m.; National Association of Home Builders releases housing market index for December, 1 p.m.; first day of Federal Reserve interest rate meeting.

WASHINGTON — Labor Department releases Consumer Price Index for November, 8:30 a.m.; Commerce Department releases housing starts for November, 8:30 a.m.; Commerce Department releases current account trade deficit for the third quarter, 8:30 a.m.; Federal Reserve interest rate meeting, announcement expected 2:15 p.m.

NEW YORK — The Conference Board releases leading indicators for November, 10 a.m.

WASHINGTON — Labor Department releases weekly jobless claims, 8:30 a.m.; Freddie Mac, the mortgage company, releases weekly mortgage rates.

WASHINGTON — Commerce Department releases third-quarter gross domestic product, 8:30 a.m.; National Association of Realtors releases existing home sales for November, 10 a.m.; Federal Housing Finance Agency releases October home price index, 10 a.m.

WASHINGTON — Commerce Department releases personal income and spending for November, 8:30 a.m.; Commerce Department releases new home sales for November, 10 a.m.

WASHINGTON — Labor Department releases weekly jobless claims, 8:30 a.m.; Commerce Department releases durable goods for November, 8:30 a.m.; Freddie Mac, the mortgage company, releases weekly mortgage rates.

Christmas Day, markets closed.

NEW YORK — Standard&Poor's/Case-Shiller releases its October index of home prices, 9 a.m.; The Conference Board releases the Consumer Confidence Index for December, 10 a.m.

WASHINGTON — Labor Department releases weekly jobless claims, 8:30 a.m.; Freddie Mac, the mortgage company, releases weekly mortgage rates.

___

November 25, 2009 11:02 PM EST

Copyright 2009, The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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News Archives - WTOP

Posted: 25 Nov 2009 10:52 PM PST

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Bankrupt Nortel Continues Business Break-Up - eWeek Europe

Posted: 26 Nov 2009 12:54 AM PST

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  • November 26, 2009
  • By Jeffrey Burt

Bankrupt Nortel Networks is selling off another piece of its business, this time its GSM/GSM-R unit to Telefon AB and Kapsch CarrierCom

Days after announcing the sale of its optical networking and carrier Ethernet units, officials with bankrupt Nortel Networks are saying that another piece of their business is being sold.

Nortel announced Nov. 25 that it is selling its GSM/GSM-R business to Telefon AB L.M. Ericsson and Kapsch CarrierCom AG, who jointly won the bidding for the business with an offer of $103 million (£62m).

Nortel officials say their company is a top supplier of GSM networks. GSM (Global System for Mobile communications) is a widely popular wireless technology standard for mobile phones around the world. Based on the GSM technology, GSM-R (GSM for Railways) gives railway operators a secure communications system.

Nortel expects to close the deal in the first quarter of 2010. It still needs the approval of bankruptcy courts in the United States and Canada—Nortel will seek the approval at a joint hearing on 2 December—as well as in France.

Once the deal closes, Ericsson will own Nortel's North American GSM business and Kapsch will own Nortel's European and Taiwan GSM businesses. In addition, Kapsch also will own Nortel's GSM-R business.

The GSM/GSM-R business is the latest in a number of businesses that Nortel has sold off since the beginning of 2009, when the company announced it was seeking Chapter 11 bankruptcy protection. Officials had said that the global recession derailed turnaround plans the company had put into place, and that after weighing restructuring ideas, they decided the best course of action was to sell off all of the businesses piecemeal.

Officials said it was the best way to ensure that Nortel technology continues to play a role in the communications industry, and that as many employees as possible keep jobs with the new owners.

In that sense, about 680 employees with Nortel's GSM/GSM-R business will receive offers of employment from the joint bidders.

Ericsson already bought Nortel's wireless equipment business in July for $1.13 billion. Other vendors, such as Avaya and Nokia Siemens Networks, also have bought parts of the insolvent company.

Most recently, Nortel announced Nov. 23 that Ciena bought its optical networking and carrier Ethernet businesses for $530 million.

Nortel's goal is to ultimately sell off all of its business units, according to a spokesman. In June, while announcing that Nokia Siemens has put in a bid for Nortel's CDMA business and LTE Access assets, Nortel President and CEO Mike Zafirovski outlined the company's strategy.

"Maximising the value of our businesses in the face of a consolidating global market has been our most critical priority," Zafirovski said in a statement. "We have determined the best way to do this is to find buyers for our businesses who can carry Nortel innovation forward, while preserving employment to the greatest extent possible. This will ensure Nortel's strong assets—technologies, customer relationships, and employees—continue to play an important role in driving the future of communications."

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Garrison Keillor: Take comfort and celebrate simple goodness of life - State Journal-Register

Posted: 26 Nov 2009 01:08 AM PST

We now interrupt Mrs. Palin's book tour to bring you Thanksgiving, a grand old holiday, and we in the book business are thankful for her, that a busy woman who wanted to tell her story chose the medium of ink and paper between hard covers. Her tour is not about politics. It's about books.

Those big crowds waiting in the cold outside bookstores were looking forward to cozying up to her book and savoring the intense intimate pleasure of a memoir, the feeling that you and the author are close personal friends. You don't get that feeling from watching someone on TV; you get it from a book. Mrs. Palin's job was not to impress book reviewers or stake a claim to the Republican Party but to give pleasure to people who already love her, which evidently she did. Good for her.

And that's the challenge of Thanksgiving — to gather among our kin who know us a little too well and have an amiable occasion enjoyed equally by all, at which nobody is stabbed through the heart with a carving knife.

We're a mobile and overcaffeinated people, and at every family gathering, amid the ancient aroma of turkey and sage and squash and sweet potatoes and a few pounds of butter, you'll find some edgy individualists, someone who knows the true story of what happened on 9/11, the story that the mainstream media have suppressed. A Tea Party devotee or two. Someone who believes that yeast is the secret of happiness. People capable of harangues and diatribes, but nobody wants this.

The family liberals smile at the family wing nuts. The vegetarian daughter-in-law produces her tofu loaf, which looks as if a large animal such as a buffalo came by and dropped it hot and steaming on the plate. We don't comment on this. She believes that the treatment of turkeys is a moral blight on America, but she does not say so. The Unitarian cousin listens to the fervent Lutheran prayer and murmurs Amen. The Viking fans and the Packer fans sit side by side.

It is the dinner of all dinners, generous and comforting and completely predictable, and a true test of civility, and we do it in gratitude for the simple goodness of life. Our consumer society is all about need and craving, and politics is so much about complaint and resentment, and here is a day devoted to something else.

My family gathers in the house that Dad built in 1947, by the fireplace that Great-Uncle Alfred, a stonemason, built when he was 80. He lived to be 90, and whenever you saw him and Aunt Millie, they were holding hands. Joining us will be cousin Dorothy Bacon, who recently told me that my Grandfather James, who died before my time, loved to read and even out in the field raking hay with a team of horses he had a book in his hand; that he was often seen kissing Grandma; and that every night, until he was very old, he carried her in his arms up the stairs to bed. Good to know these things.

In my day, we went outdoors after dessert and ran off our dinner and when it was dark, were allowed back in the house, and we flopped down on the floor and listened to Uncle Lew tell about the night their house burned down in Charles City, Iowa, and afterward watched "The Bell Telephone Hour" on television with Robert Merrill and Patrice Munsel singing "Dear Hearts and Gentle People," and then a horn honked in the driveway and my sister came down from upstairs where she'd been primping in the bathroom and Mother said, "Tell him he has to come inside and pick you up, he can't sit in the car and honk." And so the boy came in. Sheepish, tongue-tied, hair oiled and swirled around on top, he stood as close to the door as possible and we inspected him as a potential relative and thought, "Naw. She could do better."

I remember the urgency of that horn honking. It meant that Thanksgiving was over. The family that had gathered in a tight circle around the feast of tubers and turkey was now breaking up, in search of something finer. The call of the grown-up life. We all hear the honk and run away in hopes of finding a major romance and adventure and grandeur, and good luck with that, and meanwhile, life is good. Be grateful for it.

Garrison Keillor's "The Writer's Almanac" airs weekdays at 9 a.m. and his "A Prairie Home Companion" can be heard Saturdays at 5 p.m. with a repeat Sundays at noon on WUIS 91.9 FM, 89.3 FM and WUIS.org.

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BAE Systems plans to cut 640 jobs because of anticipated downturn in ... - Stockhouse

Posted: 26 Nov 2009 05:47 AM PST


LONDON - BAE Systems PLC, the world's No. 2 defence contractor, said Thursday that it is planning to axe around 640 jobs because of an expected downturn in its workload.

BAE said it will start consulting on the job losses across 8 sites in its Integrated System Technologies Business.

"We have a responsibility to address a reduction in our forecast workload and manage our cost base to remain competitive and meet our customers' future requirements," said Rory Fisher, managing director of the business affected by the cuts.

BAE already announced it plans to cut 500 jobs in its combat vehicles and weapons unit.

The latest cuts affect 3,700 workers at 11 sites on radar surveillance, command and information systems and underwater systems to Britain and overseas defence and security customers. The company employs 105,000 people worldwide.

© The Canadian Press, 2005

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