Monday, February 22, 2010

“Motorola Home Business President Resigns - Heads Over to Technitrol - Cellular-News” plus 3 more

“Motorola Home Business President Resigns - Heads Over to Technitrol - Cellular-News” plus 3 more

Motorola Home Business President Resigns - Heads Over to Technitrol - Cellular-News

Posted: 22 Feb 2010 07:30 AM PST

Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it.

Motorola has announced that Dan Moloney, president of its Home business, has decided to leave the Company to serve as the chief executive officer for a worldwide producer of electronic components and electrical assemblies - later revealed to be Technitrol Inc.

"I would like to thank Dan for his instrumental role in driving forward the decision to combine Motorola's Mobile Devices and Home businesses," said Sanjay Jha, co-chief executive officer and CEO of Mobile Devices and Home businesses.

"We appreciate Dan's many contributions to Motorola, including driving our global video leadership, success in 4G and, most recently, shipping our 100 millionth digital entertainment device," said Greg Brown, co-chief executive officer and CEO of Enterprise Mobility Solutions and Networks businesses.

"I have greatly appreciated my time at Motorola and the opportunity to work with such a talented team," said Dan Moloney. "Mobile Devices and Home are two highly complementary businesses, and I am confident that the combined entity will be uniquely positioned to leverage the growth opportunities arising from the convergence of mobility, media and the Internet."

Sanjay Jha will continue to lead the previously announced combined Mobile Devices and Home businesses, as well as take the leadership role for the Home business, effective immediately.

Posted to the site on 22nd February 2010

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

3M to Acquire A-One Office & Consumer Label Business in Japan - Forbes

Posted: 21 Feb 2010 11:23 PM PST

Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it.


BusinessWire - 3M announced today that it has entered into a definitive agreement to acquire a majority stake in the A-One branded consumer and office label business and related operations. Terms of the transaction were not disclosed.

A-One is the number one office and consumer label brand in Asia, and the second largest worldwide. It has been majority owned and operated by the Arai family continuously since its inception in 1959, offering the highest level in Japanese quality, design and innovation. A-One label products have been manufactured from its Togane plant for office and consumer customers throughout Japan for over 50 years. A-One has distribution at all major retail and stationery channels throughout Japan. A-One CEO Hiroaki Arai will continue to lead the business after closing, bringing A-One within the 3M global network.

3M entered the U.S. consumer and office label market in 2009 under the flagship Post-it and 3M brands, and brought new innovation and excitement to the category. The acquisition of A-One will accelerate 3M's growth in this important category and provide valuable technical expertise.

"A-One will significantly enhance our ability to create a global label platform that services our customers and delights our loyal 3M end-users," said Bill Smith, vice president, 3M Office Supplies Division. "A-One not only provides immediate critical mass in Japan and valuable know-how for label production, it accelerates our penetration through the Asia region and underscores 3M's commitment to be a global leader in the consumer and office label business."

The transaction is expected to be completed in the second quarter, subject to customary closing conditions including any necessary regulatory approvals.

About A-One A-One is the leading branded office and consumer label producer in Japan. A-One is headquartered in Tokyo with manufacturing, distribution and sales locations around Japan. Founded in 1959 by Yoshiaki Arai, A-One is majority owned by the Arai family and led by President Hiroaki Arai.

About 3M A recognized leader in research and development, 3M produces thousands of innovative products for dozens of diverse markets. 3M's core strength is applying its more than 40 distinct technology platforms -- often in combination -- to a wide array of customer needs. With $23 billion in sales, 3M employs 75,000 people worldwide and has operations in more than 65 countries. For more information, visit www.3M.com.

3M and Post-it are trademarks of 3M.

SOURCE: 3M

3M Media Contact: Donna Fleming Runyon, 651-736-7646 or Investor Contacts: Matt Ginter, 651-733-8206 or Bruce Jermeland, 651-733-1807

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

CA-BUSINESS Summary - ReportonBusiness.com

Posted: 22 Feb 2010 04:53 AM PST

Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it.

Banks seen hitting trough in Q1

TORONTO (Reuters) - Having weathered the financial crisis, Canada's big banks are expected to report unimpressive profits in their financial first quarter, suffering from the lagging effects of the recession and consequent loan losses. While the economic slump may be over, the nation's top lenders could report their biggest credit losses of the current cycle when they post earnings beginning next week, taking a bit of shine off their still-huge profits.

Pilots ground Lufthansa in its longest ever strike

FRANKFURT (Reuters) - Fearing potential staff cuts, Lufthansa's high-paid German pilots took to the picket lines on Monday, plunging the airline into its longest ever strike and forcing the carrier to cancel hundreds of flights. Passengers left stranded by the strike that started at midnight local time are being rebooked on other airlines or have to take trains for domestic travel, after last-ditch attempts to reach a compromise failed over the weekend.

Iran eyes doubling Iraq trade to $8 billion in 2010

BASRA, Iraq (Reuters) - Iran hopes to double trade with Iraq to $8 billion this year, an Iranian diplomat said on Sunday, shrugging off Western-backed sanctions aimed at curbing business with the Islamic Republic. Shi'ite Muslim Iran is the main trading partner of Shi'ite-led Iraq and has been one of the largest investors in Iraq since the fall of Sunni dictator Saddam Hussein.

Euro's future in question even if Greece rescued: Soros

SINGAPORE (Reuters) - A makeshift assistance should be enough to rescue Greece but bigger problems facing Europe would leave the future of the euro currency in question, billionaire investor George Soros said. Writing in the Financial Times, Soros said what the European Union needed was more intrusive monitoring and institutional arrangements for conditional assistance. He said a well organized eurobond market was desirable.

Stocks, oil firmer on U.S. economic optimism

LONDON (Reuters) - World stocks hit 2-1/2 week highs on Monday and oil reached a six-week peak as investors became increasingly confident about the outlook for the U.S. economic recovery. The euro held above last week's 9-week low against the dollar after Der Spiegel reported on Saturday that Germany's finance ministry had prepared a bail-out plan for Greece under which countries using the euro would provide aid worth between 20-25 billion euros.

Stock futures rise amid M&A, earnings

NEW YORK (Reuters) - U.S. stock index futures rose on Monday after Schlumberger Ltd agreed to buy Smith International for $11.34 billion in stock and Lowe's Co. posted better-than-expected earnings. Schlumberger Ltd agreed to buy Smith International in a $11.34 billion all-stock deal that will boost the oilfield services leader's revenue to double that of its nearest rival.

GM must raise share of Opel costs to get aid: paper

FRANKFURT/BERLIN (Reuters) - General Motors should raise its share of the reorganization costs for its European arm Opel in order to get state aid from Germany, Handelsblatt newspaper reported on Monday, citing German government sources. GM is asking European countries with Opel plants to contribute 2.7 billion euros ($3.7 billion) of aid toward the 3.3 billion euro revamp. Germany alone is being asked for 1.5 billion in loans or loan guarantees.

Greece problems must be solved in euro zone: Lagarde

ATHENS (Reuters) - Greece's fiscal problems must be solved within the euro zone rather than with the International Monetary Fund (IMF), French Economy Minister Christine Lagarde said in an interview published in a Greek newspaper on Sunday. Asked if it might be more effective for Greece to call in the IMF rather than possibly borrowing money from European Union countries, Lagarde told To Thema newspaper: "I consider that the collective will of all of us is to settle the issue within the euro zone."

UK regulator files $3.3 billion Nortel claim

TORONTO (Reuters) - A British pension fund regulator has filed a claim for 2.1 billion pounds ($3.3 billion) against failed telecom equipment giant Nortel Networks Corp , Canada's Globe and Mail newspaper reported on Saturday. The report said the move set the stage for a potential international tug of war between the fallen company's far-flung creditors.

General Growth sued by shareholder: report

CHICAGO (Reuters) - A General Growth Properties Inc shareholder has filed suit against the company's directors, saying they should not have rejected Simon Property Group Inc's buyout offer of $10 billion, Bloomberg News reported on Saturday. It reported the suit was filed on Friday in Cook County Circuit Court in Chicago by investor James Young and accused John Bucksbaum, chairman of the bankrupt Chicago-based mall operator, and six board members with breach of fiduciary duty.

© Reuters Limited. All Rights Reserved.
Reproduction or redistribution of Reuters content, including framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

NaviSite Announces Sale of Lawson/Kronos Managed Application Services Business - Forbes

Posted: 22 Feb 2010 06:47 AM PST

Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it.


BusinessWire - NaviSite, Inc. (NASDAQ: NAVI), the worldwide leader of cloud-enabled, enterprise-class hosting, managed applications and services, today announced the sale of its Lawson / Kronos Application Services business to Velocity Technology Solutions, Inc. for $56 million in cash. All current NaviSite Lawson / Kronos customers will be transferred to Velocity as part of the transaction. Velocity will also assume NaviSite's lease of the Minneapolis data center where the services are hosted, managed, and supported. The transaction is effective immediately.

"The sale of our Lawson / Kronos business is consistent with our strategy to focus on providing Enterprise-class cloud computing for large organizations with highly complex environments," said Arthur Becker, Chief Executive Officer of NaviSite. "Our goal has always been to provide the highest level of service, superior application expertise, and unparalleled technology to our customers. By divesting our Lawson / Kronos practice, we will be better able to focus on our core enterprise applications business and accelerate the progress of our NaviCloud suite of solutions. The proceeds from this divestiture will be used to reduce our debt and will provide us with more balance sheet flexibility in the future."

"We are very pleased to welcome to Velocity the customers and employees of NaviSite's Lawson / Kronos application services business. Together with Velocity, this acquisition facilitates a powerful combination of talented professionals, innovative solutions, and advanced cloud-based technologies for the enterprise software market," said Tom Bruno, President and Chief Executive Officer of Velocity. "Velocity is extremely well suited to continue providing an outstanding level of service and deliver the personalized care that customers have come to expect. Velocity has been a business partner with Lawson for more than 20 years. This transaction expands our role in the marketplace and enables us to achieve the critical mass necessary to accelerate our success."

About Velocity Technology Solutions

Velocity is a leading application service provider that delivers enterprise software functionality through a secure private cloud platform. Velocity's clients benefit from hosted, fully managed environments for their ERP and related software applications; guaranteed availability, security and compliance; and certified consulting resources. Velocity's proprietary delivery system for software hosting, Velocity On-Demand(TM), brings scalable computing and fully managed services for mission critical IT systems and sensitive data. Velocity is headquartered in New York City, with offices in Minneapolis, Tampa and London, Ontario. For more information on Velocity services please visit www.velocityus.com.

About NaviSite

NaviSite, Inc. (NASDAQ: NAVI) is a leading worldwide provider of enterprise-class, cloud-enabled hosting, managed applications and services. With over 20 years experience, the Company provides a full suite of reliable and scalable managed services, including Applications Services, industry-leading Enterprise Hosting, and Managed Cloud Services for enterprises looking to outsource IT infrastructures and lower their capital and operational costs. Over 1,400 customers depend on NaviSite for customized solutions, delivered through a global footprint of over a dozen state-of-the-art data centers supported by approximately 650 professionals. For more information on NaviSite services, please visit www.navisite.com.

All logos, company and product names may be trademarks or registered trademarks of their respective owners.

SOURCE: NaviSite, Inc.

NaviSite Claudine Bianchi, +1 978-946-7726 cbianchi@navisite.com or Velocity Gregg Bjork, +1 646-884-6604 gregg.bjork@velocityus.com

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.
Posted by at

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)