“More Business - San Francisco Chronicle” plus 4 more |
- More Business - San Francisco Chronicle
- Longs establish business scholarship - Mississippi Business Journal
- ESU, Butler to offer on-site business degree completion program - Emporia gazette.com
- NewBay Media Acquires Broadcasting & Cable, Multichannel News, and ... - PR Inside
- contact business - Auburn Plainsman
| More Business - San Francisco Chronicle Posted: 01 Dec 2009 07:50 AM PST The insurance giant has been selling assets and spinning off divisions in an effort to help repay a government bailout package received last year when it was on the brink of collapse. AIG moved American International Assurance Co. and American Life Insurance Co. into special purpose vehicles, which are used ahead of a move to separate a unit from a parent company. The government is receiving preferred equity stakes in the two life insurance companies worth $25 billion in exchange for a reduction in the amount of money AIG owes the government. AIG will continue to hold the common stakes in AIA and Alico until it determines whether to complete initial public offerings for the companies or sell them privately. No timetable yet has been announced for when an IPO or sale will be completed. The plan to separate AIA and Alico and give the government $25 billion in preferred shares of the two companies was first announced in late June. AIG had been discussing sales of the units as early as March. Shares of the financial conglomerate based in New York rose $1.74, or 6.1 percent, to $30.14 in premarket trading. AIG was bailed out by the government last fall at the peak of the credit crisis. As losses continued to pile up, the government eventually extended AIG an aid package worth more than $180 billion. The government also received a nearly 80 percent stake in AIG in return for the support. As of Sept. 30, AIG had tapped $122.31 billion of the aid package and owed the government $85.66 billion in loans. Tuesday's separation of AIA and Alico would reduce the outstanding aid package to $97.31 billion and the amount owed in loans to $60.66 billion. "AIG continues to make good on its commitment to pay the American people back," AIG CEO Robert Benmosche said in a statement. The government received a preferred stake worth $16 billion in AIA, an Asian life insurer with more than 20 million customers. The preferred stake in Alico, an international life and health insurance firm that operates in more than 50 countries around the world is worth $9 billion. AIG said it would take a $5.7 billion charge during the fourth quarter tied to accelerating the moves of AIA and Alico into separate, stand-alone units. Benmosche reiterated AIG continues to expect volatility in quarterly results as the insurer continues to restructure its operations to repay the government. This content has passed through fivefilters.org. |
| Longs establish business scholarship - Mississippi Business Journal Posted: 01 Dec 2009 07:21 AM PST Longs establish business scholarshipOXFORD — Two brothers who served in World War II, graduated from the University of Mississippi with business degrees and followed their father in the family business are being honored with a scholarship at their alma mater. Named for Raiford N. Long Sr. of Ripley and the late Erst Long Jr. of Corinth, the business scholarship endowment was created with a $125,000 gift from Randall G. "Randy" Long of Long Wholesale Distributors Inc. in Corinth, and Raiford N. "Ray" Long Jr. and Samuel E. "Sam" Long III of Long Wholesale Inc. of Meridian. With the help of its employees, the Long distribution centers have evolved from a general store supplier, delivering orders with a horse and wagon, to one of the largest convenience store suppliers in the South, according to the company. The Long family likewise has extensive history at Ole Miss and, in particular, with the School of Business Administration. Among degrees that family members have earned on the Oxford campus are seven in business, three in law, two in education, two in accountancy and one in music. When Erst Long Jr. attended Ole Miss, his wife, Velma, was the secretary to the business dean. "The generosity and commitment of the Long family is very inspiring, and we greatly appreciate this gift," said Ken Cyree, business school dean. "Through this family's philanthropy, Ole Miss students will benefit for years to come. It is truly moving to see the family's passion for the School of Business Administration represented through multiple generations. We are grateful for their support and dedication to the business school and the University of Mississippi." The Long Scholarship will be open to full-time business students who maintain a minimum 3.0 grade-point average. Selection will be made by the School of Business Administration selection committee with approval by the dean. The Long Scholarship Endowment is open to receive gifts from individuals and organizations. To sign up for Mississippi Business Daily Updates, click here.
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| ESU, Butler to offer on-site business degree completion program - Emporia gazette.com Posted: 01 Dec 2009 08:26 AM PST Emporia State University and Butler Community College are joining forces to make a bachelor's degree in business possible for place-bound students in the region. Under a recently-signed articulation agreement, ESU will grant bachelor's degrees to students completing requirements for the degree. Students may choose from two majors — business administration and information systems. Classes will be taught at BCC's El Dorado campus. The program is enrolling students who will start in the Fall 2010 semester. Classes will be scheduled in the late afternoon and evening hours, making the program ideal for students who need to balance school with fulltime employment. "We're excited to have another opportunity to work with more of Butler's exceptionally well-prepared students," said Michael Lane, ESU president. Under the agreement, students will complete four semesters of classes offered by BCC and six semesters of ESU coursework to obtain a bachelor of science in business degree. "An onsite location is an attractive advantage, especially for nontraditional students," said Joseph Wen, dean of ESU's School of Business. "We'll begin advising the students during their sophomore year," said Wen. "One of our core values at Emporia State University is putting student success at the front of everything we do," said Lane. "That's why it's great to partner with Butler Community College, an institution which shares those same values, and offer another group of Butler's students an attractive option for obtaining their bachelor's degree," he continued. In 2004, ESU and Butler launched the BEST program — Butler and Emporia from Students to Teachers. Since that time, 86 students have earned their teaching degrees from Emporia State through this nationally acclaimed elementary education program — all without setting foot on the ESU campus. Most of them have gone on to teach in elementary school classrooms in Butler County and the surrounding area. "Butler is thrilled to be partnering once again with Emporia State University on a program that will make it possible for our time- and place-bound students to earn a baccalaureate degree in business from a university of Emporia State's caliber without ever having to leave our El Dorado campus," said Jackie Vietti , BCC president. "The model for this kind of collaborative endeavor has stood the test of time with the BEST program, which is a raving success by all accounts. So, we have absolute confidence that this initiative will be equally effective." Emporia State's AACSB Internationally accredited School of Business is recognized for its depth of instruction across a wide range of disciplines. Only about one-third of U.S. business schools and five percent of the business programs worldwide are accredited by AACSB International. For more information on bachelor of science in business degree programs offered through Emporia State University at Butler Community College, contact Larry Falcetto, director of ESU's Business Advising Center, at 341-5523 or e-mail lfalcett@emporia.edu. This content has passed through fivefilters.org. |
| NewBay Media Acquires Broadcasting & Cable, Multichannel News, and ... - PR Inside Posted: 01 Dec 2009 08:40 AM PST 2009-12-01 17:42:57 -
NewBay Media LLC announced that it has acquired Broadcasting & Cable, Multichannel News, and This Week in Consumer Electronics (TWICE) from Reed Business Information-US. Each title will continue to be published as part of NewBay's line of print, online, and in-person products and services. The addition of these three powerful brands extends NewBay Media's significant reach in the broadcast television and consumer electronics markets.- Broadcasting & Cable and Multichannel News serve the television industry with respected, industry-leading web sites, weekly print publications, daily e-newsletters, and events. Broadcasting & Cable covers the broadcast, cable, and syndication markets, while Multichannel News focuses on programming, marketing, finance, and more for the cable and telecommunications industries. "We're truly excited to have the opportunity to work with this talented team and to have these market-leading brands join the NewBay family," states Steve Palm, CEO, NewBay Media. "This acquisition further demonstrates NewBay's commitment to our goal of delivering value to our advertisers, readers, and partners in these critical markets. "With this acquisition," continues Palm, "NewBay adds significant depth and breadth to its existing portfolio of broadcast properties, including TV Technology and Television Broadcast, and consumer electronic properties, including Residential Systems." Reed Business Information-US and its parent company, Reed Elsevier, were represented by The Jordan, Edmiston Group, Inc., a New York City-based investment bank that specializes in media, information, marketing services and related technologies. NewBay Media's market leading brands are centered on five vertical markets -- Pro Audio, Broadcast & Video, Musical Instruments, AV/Consumer Electronics and K-12 Education. NewBay publishes and produces more than 40 publications and show dailies, 50 websites, 30 daily and weekly E-Newsletters, three Expos and more than 50 custom publishing efforts, annually. NewBay reaches more than 3 million readers in print and 1 million online and in person -- around the world in more than 100 countries. Additional information on NewBay can be found by visiting www.nbmedia.com : NewBay is an affiliate of the Wicks Group of Companies, L.L.C. ( www.wicksgroup.com : Reed Business Information-US ( www.reedbusiness.com/us :
NewBay MediaAnthony Savona, 212-378-0450 asavona@nbmedia.com : mailto:asavona@nbmedia.com This content has passed through fivefilters.org. |
| contact business - Auburn Plainsman Posted: 01 Dec 2009 07:28 AM PST Cambridge at Auburn Have a question? Want more information? Contact this business using the form below. your e-mail address: your question: This content has passed through fivefilters.org. |
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