Sunday, January 10, 2010

“JAL Would Seek US Business Tie-Up, Not Capital Deal-Nikkei - CNN Money” plus 4 more

“JAL Would Seek US Business Tie-Up, Not Capital Deal-Nikkei - CNN Money” plus 4 more

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JAL Would Seek US Business Tie-Up, Not Capital Deal-Nikkei - CNN Money

Posted: 09 Jan 2010 05:55 PM PST

TOKYO (Nikkei)--Japan Airlines Corp. (JALSY, 9205.TO) and the entity that will sponsor its rehabilitation have decided to limit a possible alliance with either one of the two interested U.S. carriers to a business tie-up, rather than a partnership that includes equity ownership, it was learned Saturday.

JAL and the state-backed Enterprise Turnaround Initiative Corp. of Japan ( ETIC) have apparently concluded that at least for the time being, a capital tie- up with a foreign airline would do more harm than good if JAL wants to quickly implement restructuring measures under the aegis of the government and ETIC.

ETIC originally planned to pick a partner from the two U.S. suitors--AMR Corp.'s (AMR) American Airlines and Delta Air Lines Inc. (DAL)--by the end of this month, but has now decided to spend more time on the selection process in order to best determine which partnership would generate greater synergy. As such, a final decision will come no earlier than February.

Since fall, both Delta and American have been in talks with JAL in hopes of concluding a capital and business alliance. Both U.S. airlines announced their willingness to inject around 100 billion yen worth of loans and investments into JAL, jockeying with each other for the right to buddy up with the Japanese carrier. But ETIC has apparently concluded that a capital tie-up with a U.S. airline could complicate JAL's rehabilitation process, as well as narrow ETIC's options as far as its own exit, which would come once JAL is back on its feet financially.

JAL was receptive to a capital tie-up with either one of the U.S. airlines, saying this would curb the amount of taxpayer money needed for its rehabilitation. But with ETIC now set to sponsor its turnaround, JAL will go along with the state-backed body on the matter.

JAL's top management and senior officials at the Transport Ministry appear to favor an alliance with Delta.

The carrier operates more flights between Japan and the U.S. than American does, and as such, a Delta tie-up is seen as creating greater synergy.

Meanwhile, both Delta and American are expected to press ETIC to soon make a decision on a partner.

(The Nikkei Jan. 10 edition) 

    (END) Dow Jones Newswires   01-09-102100ET   Copyright (c) 2010 Dow Jones & Company, Inc.
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Business as usual with Charlie Sheen, says CBS - Tonight South Africa

Posted: 10 Jan 2010 03:28 AM PST

 January 10, 2010

Los Angeles - CBS TV executives steered clear of the domestic violence allegations surrounding TV star Charlie Sheen, saying on Saturday it was business as usual on the set of his hit show "Two and a Half Men."

"Charlie is a consummate pro. He shows up and he delivers," said Chuck Lorre, an executive producer of "Two and a Half Men," the most popular comedy on U.S. television.

Sheen was arrested on Christmas Day in the ski resort of Aspen, Colorado, after wife Brooke Mueller told police he had pulled a knife on her and threatened to have her killed during an argument about their 20-month marriage.

Prosecutors have yet to decide whether to press formal charges against Sheen, 44, who has a history of violent behavior toward women.

CBS Corp's CBS entertainment president Nina Tassler told a meeting of TV reporters that taping of the first show since the incident took place on Friday and that CBS regarded the matter as personal.

"We are being very sensitive to the fact that this is a very personal and very private matter for Charlie," Tassler said. "Right now it is business as usual."

Underwear makers Hanes ended their advertising campaign with Sheen after his Dec. 25 arrest citing the seriousness of the charges against him.

Sheen pleaded no contest to a battery charge in 1997 in connection with an attack on a girlfriend. His second wife, actress Denise Richards, obtained a restraining order against Sheen in 2006, claiming he had been physically abusive toward her.

"Two and a Half Men" in which Sheen plays a womanizing Malibu bachelor, is the most-watched comedy on U.S. television with more than 11 million viewers an episode. - Reuters


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Burley ethanol plant back in business - Idaho Business Review

Posted: 09 Jan 2010 08:04 PM PST

Document ViewerA southern Idaho ethanol plant has resumed production after being shuttered for nearly a year.

Months later, the Sacramento Calif.-based company filed for federal bankruptcy protection and emerged from that process in December.

Company officials say they intend to hire at least 35 employees for a plant designed to produce up to 60 million gallons of ethanol per year.

Pacific Ethanol Inc. announced Wednesday that its plant in Burley is up and running again. The company ceased operations in February 2009 amid falling corn prices and sharp market declines.

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Cadillac Selects BBH As Creative Agency of Record - The Auto Chanel

Posted: 08 Jan 2010 02:43 PM PST


DETROIT, Jan. 8, 2010 -- Cadillac has selected BBH (Bartle Bogle Hegarty) as our new creative agency of record. BBH was awarded the Cadillac business for their combination of passion for the Cadillac brand, deep insight into the luxury automotive target customer and outstanding creativity.

We look forward to continuing the renaissance of the Cadillac brand with our new agency partner.

About Cadillac

Cadillac has been a leading luxury auto brand since 1902. In recent years, Cadillac has engineered a historic renaissance led by artful engineering and global expansion. More information on Cadillac can be found at media.cadillac.com.

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Medical Care Technologies plans to focus on new business strategy in ... - News-Medical.Net

Posted: 08 Jan 2010 11:54 PM PST

Medical Care Technologies Inc. (OTCBB/exchange>: MDCE) would like to provide its shareholders with a corporate update.

On October 6, 2009, MDCE entered into a non-binding Letter of Intent with Great Union Corporation ("GUC"), a Hong Kong corporation, with the intent to acquire ownership of certain medical care products developed by GUC.

According to the LOI, MDCE will then complete the acquisition of these assets by issuing 57,300,000 to GUC, or GUC's designees.

GUC is a company holding assets associated with the development and maintenance of secure information systems which increase access to medical resources services, education and wellness, pharmaceutical and nutriceutical products. Patricia Traczykowski, President of MDCE, is pleased to provide an update of the Company's progress and recent corporate activities, as the Company moves from the oil and gas industry, into medical care technologies.

For the upcoming year, the Company plans to focus on MDCE's new business strategy: which is to commercialize the medical care technologies it anticipates acquiring through strategic alliances with leading, world class players in the health industry and it is our strategy to provide expertise in pharmaceutical and nutriceutical product development, in order to gain brand and market acceptance with established sales and distribution channels. This strategy is intended to secure revenues, optimize cash flow and protect intellectual property rights through unique profit sharing partnerships as well as minimize capital and operational expenditures.

Patricia Traczykowski, President of MDCE, states, "We have set near term goals to imminently complete the acquisition and close the deal with GUC. This will lead MDCE to commercialization partnerships for GUC's technologies and for each of its three divisions: Medical Devices, Pharmaceuticals and Nutriceuticals, in an effort to create the best possible value for our shareholders."

Subsequently, on October 13, 2009, the Company filed Articles of Merger with the Nevada Secretary of State to effect a merger with its wholly owned subsidiary, Medical Care Technologies Inc. and assume the subsidiary's name. The subsidiary was incorporated entirely for the purpose of effecting this name change and the merger did not affect the Company's Articles of Incorporation or corporate structure in any other way. In conjunction with the name change the Company has also been granted a new trading symbol. The Company's new trading symbol is: MDCE.

Subject to the execution of a definitive agreement and fulfillment of other conditions laid out in the agreement, MDCE's current President, CEO and director, Patricia Traczykowski, shall resign from these positions to allow the Company to grow into the space of medical care technologies.

SOURCE: Medical Care Technologies Inc.

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