Archive for July 2010
31
Disney Announces Sale of Miramax Films to Filmyard Holdings LLC
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Business Wire, July 30, 2010
Sale to Include Rights in Miramax Film Library, Book Titles and
Development Projects
BURBANK, Calif. — The Walt Disney Company (NYSE: DIS) announced today the sale of Miramax
Films to Filmyard Holdings LLC for over $660 million subject to certain
adjustments. Partners in Filmyard include Los Angeles businessmen Ron
Tutor, Tom Barrack, Colony Capital LLC and other individuals. The
transaction is subject to certain regulatory approvals and is expected
to close between September 10, 2010 and the end of the calendar year.
The sale of Miramax Films includes rights in over 700 film titles,
including Academy Award winners like Chicago, Shakespeare in Love
and No Country for Old Men. Also included are non-film assets,
such as certain books, development projects and the “Miramax” name.
“Although we are very proud of Miramax’s many accomplishments, our
current strategy for Walt Disney Studios is to focus on the development
of great motion pictures under the Disney, Pixar and Marvel brands,?
said Robert A. Iger, Disneys President and CEO. We are delighted that
we have found a home for the Miramax brand and Miramax’s very highly
regarded motion picture library.?
I am delighted and honored to acquire the Miramax library,? said Ron
Tutor. On behalf of my partners Tom Barrack and Colony Capital, we look
forward to sharing this high quality content with the world in every
form of media for many years to come.?
About The Walt Disney Company
The Walt Disney Company, together with its subsidiaries and affiliates,
is a leading diversified international family entertainment and media
enterprise with five business segments: media networks, parks and
resorts, studio entertainment, consumer products and interactive media.
Disney is a Dow 30 company and had annual revenues of about $36 billion
in its most recent fiscal year.
Forward-Looking Statements:
Certain statements relating to the timing and consummation of the
transaction in this press release may constitute “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995
tutoring
0 Comments | Northern Echo, Jul 29, 2010 | by Barry Nelson
THE agency set up to encourage a more moderate approach to alcohol in the North-East has welcomed Government proposals to curb problem drinking.
Balance became the first of its kind in the UK when it was launched in February last year in a bid to change attitudes to heavy drinking.
The North-East is the worst region in the country for binge drinking, and alcoholrelated issues run up bills of more than [pounds]1bn a year.
Darlington is a particular hotspot for under-age drinkers needing hospital treatment.
Statistics show the town has the highest rate of hospital admissions for under-18s in the country.
Other figures show that 46 per cent of all violent crime in the region is alcohol-related, while offenders are under the influence of alcohol in nearly 50 per cent of all incidents of domestic abuse.
Yesterday, the Home Secretary, Theresa May, announced plans to give residents much stronger powers to object to the licences of problem pubs and clubs as part of a tightening up of the law.
She also plans to overhaul the licensing regime and call time on the 24-hour binge drinking culture blamed for many problems.
Shops that persistently sell alcohol to under-age drinkers could see fines doubling to [pounds]20,000.
A nationwide consultation onthe proposals is to be held shortly.
Dave Hogg, crime and disorder programmes manager at Balance, the North-East alcohol office, said: “We welcome the Government’s decision to consult on the way alcohol is priced and sold.
“Alcohol misuse is having a devastating effect on many of our communities and the lives of professional frontline staff in the North-East.
“While we welcome measures that address the problems caused by cheap alcohol, simply banning below-cost sales will not reduce consumption amongst heavy and young drinkers.
“Increasing tax or duty would penalise both moderate drinkers and community pubs. Introducing a minimum price would be fairer, more targeted and easier to implement.
“Alcohol is too available in too many places at too many hours of the day. Local communities need the powers to turn back the tide. We welcome the Government’s intention to change the licensing laws to give more control back to local communities and take action against bad licensees without affecting the livelihood of those landlords who play a critical role in our communities.”
31
FreedomWorks PAC Endorses “Champion of Freedom” Ron Johnson in the Wisconsin Senate Race
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Business Wire, July 29, 2010
WASHINGTON — Today, fiscal conservative and Champion of Freedom? Ron Johnson joins
an impressive list of candidates endorsed by FreedomWorks PAC as part of
the Take America Back in 2010 campaign. Johnson is a hard worker and a
respected community leader running for Senate in Wisconsin. He earned
the Champion of Freedom? endorsement from FreedomWorks PAC for his
leadership in the advancement of a common-sense, limited government
agenda.
Johnson is both a Certified Public Accountant, and the creator of
hundreds of manufacturing jobs. Given the current record-breaking levels
of both the unemployment rate and the federal deficit, these are two
skill sets desperately needed in the Senate.
An advocate of the free market, Johnson understands that the road to job
creation and economic growth in Wisconsin will be paved with lower taxes
and more individual freedom. For this reason, he promises to fight
excessive taxes on the small businesses and homes of Wisconsin families.
Keeping consistent with his limited-government principles, Ron Johnson
is a strong opponent of both cap-and-trade and government-run health
care. Instead, he advocates a smart and simple strategy that would allow
Americans to shop for health insurance across state lines, resulting in
lower costs and more consumer choice in the health care market.
FreedomWorks PAC will support the Johnson campaign by leading numerous
Get Out The Vote (GOTV) efforts, including direct mailings, yard sign
distribution, volunteer phone banks and neighborhood literature drops
leading up to election day.
Ron Johnson stands in sharp contrast from his opponent, big-government
politician Russ Feingold. Senator Feingold voted for numerous costly
bills, including the extension of the Death Tax, ObamaCare, and the
Obama stimulus? bill, which burdens taxpayers and kills jobs across the
state.
Senator Feingold is a part of the problem in Washington,? remarked
FreedomWorks PAC Chairman Dick Armey
accounting jobs
San Diego Business Journal, July 12, 2010 by Lou Hirsh
Hotel Files for Bankruptcy: The operator of the struggling Se San Diego hotel in downtown San Diego has filed for protection under Chapter 11 federal bankruptcy while it reorganizes its finances.
Locally-based Fifth Avenue Partners LLC received a notice of default in March from Germany-based lender WestLB AG, which is owed more than $70 million on a construction loan. The upscale, 184-room hotel opened in December 2008 at 1047 Fifth Ave., and has been struggling amid a steep downturn in the economy.
In a June 28 statement, Fifth Avenue Partners said it was granted immediate permission by the bankruptcy court “to use cash collateral necessary to continue to operate the hotel.” The hotel, which employs 224, remains open as usual while Fifth Avenue Partners continues to negotiate with its lender during the bankruptcy process.
After being open for business for just five months, Fifth Avenue’s three-year construction loan with WestLB AG bank matured and became due in full in May 2009, the statement said. The notice of default came after hotel operators were unable to refinance the loan.
Send commercial real estate and development news of general local interest to Lou Hirsh via e-mail at lhirsh@sdbj. com
construction loans
Grades in junior high determine what courses you take in high school. Grades in high school determine what college you can be accepted in to. Grades in college can affect your first job and whether you start out early in the career of your choice.
Below are some tips to help you help your children perform well in school
:
1. Read with your children
? Reading is at the heart of all learning. It is never too early to read to your children. Infants benefit form mother/father and baby closeness and learn from the sounds they hear as words are spoken. Toddlers learn new words and sentence structure.
21st birthday presents
There are a relatively few people that either profited or benefited enormously from the Options Backdating scandals. Lets assume that the top 10 executives in each of the high tech companies got the most number of stock options (> 70% of the grants). The rest of the employees also benefited but not as much.
Most of the companies currently under inquiry or investigation from the SEC are high tech, most have good products, a valuable franchise, over 1000 employees and many thousand customers that depend on them.
Most of these companies have to restate multiple years earnings due to tax and earnings implications. This cost comes from current year and next years bottom line. Add to the fact that customers get nervous when a company which was doing well now cannot state earnings for 3-4 quarters, and put off significant purchases, there is a significant risk these companies face after they have been asked to probe into their option grants.
Many of these companies have fired their top 2-3 executives – typically the CEO, CFO and Legal Counsel.
The point is: There are 1000 other employees and thousands of customers who suffer as a consequence.
Question: At what cost are we getting justice? Many of these companies will have to trim earnings, revenues and cut costs (possibly lay off people).
Is it not possible to just make sure the top executives resign and the rest of the company moves on – pay a one-time fine, pay taxes (estimated amounts) and move on with their lives?
?It is the greatest good to the greatest number of people which is the measure of right and wrong.? – Jeremy Betham.
aquino
The main things to look for in a car body inspection are collision and care. How well the car body was cared for and are there indications that the car was in a collision.
Consider the general appearance of the car. People who care for their car properly care for the obvious things first; this indicates how well the entire car was cared for. Record any defects you find. After inspecting five cars you won?t even remember what color your own car is.
Look for windshield dings and cracks, worn out wiper blades, missmatched or missing wheel covers, fender damage and dents, cracked headlight or tail light lenses and damaged mirrors. Later on you can use these to negotiate a lower price or get the dealer to repair them.
Look for corrosion and collision. Both are bad. Corrosion never heals itself; it only corrodes more with time.
auto repair
Many times you will find that by purchasing your bridal jewelry in a set, you will receive a discounted rate.
To conclude, when purchasing your bridal jewelry sets, keep in mind the overall look and feel you want to have for your special day, this will be reflected in what you wear, as you are the bride and the center of attention for the day. By purchasing a bridal jewelry set, your look will be congruent and gorgeously pieced together. Sit back and take in your day and all of the wonderful compliments it will bring.
http://www.bonitaj.com
info@bonitaj.com
888-526-4479.
wedding photographers new jersey
28
Philadelphia-Based Inventor Utilizes Fiberglass Blowing Wool from CertainTeed in Gulf Oil CleanUp
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PR Newswire, May 21, 2010
VALLEY FORGE, Pa., May 21 /PRNewswire/ — A Philadelphia-area inventor is conferring with distributors and cleanup specialists to supply them with InsulSorb(c) materials, a product designed to minimize ecological damage to the Gulf waters and wetlands that utilizes loose fiberglass wool from CertainTeed Corporation.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070102/CLTU053LOGO )
Specializing in the development of high volume sorbent materials and booms, Jeffrey Brelsford, president of S.E. Squared, Inc., came up with the idea of treating fiberglass insulation rendering it hydrophobic. Specifically, the patent-pending InsulSorb is designed to repel water and absorb toxic or hazardous materials such as oil, antifreeze, gasoline and other pollutants from bodies of water, garage floors and roadways.
InsulSorb consists of unbounded, shredded fiberglass blowing wool particles that may be sprayed from an aircraft or boat over water, or by a vehicle on land to rapidly absorb toxic or hazardous materials.
“The light weight material absorbs the pollutant in minutes rather than hours or days. It’s capable of soaking up 100 to 170 percent more than polyproylene, a material most commonly used by clean up specialists,” says Brelsford.
More importantly, Brelsford points out that because fiberglass consists of 100 percent natural sand and rock – unlike most other products composed of artificial materials – InsulSorb is environmental neutral. The product will not rot or decay, is recyclable after recovering oil by squeezing it out of the material and repels water, which means no mildew or fungus.
“We’ve been in the business of manufacturing insulation for almost half a century and are well versed in the environmentally friendly attributes of fiberglass,” says Paul Valle, president of CertainTeed Insulation. “We are committed to whatever we can to minimize the negative environmental impact from the Gulf oil spill.”
CertainTeed offers a comprehensive line of insulation products and equipment, including time-tested and trusted fiberglass insulation batts and rolls, fiberglass blow-in insulation, polyurethane spray foam, innovative vapor retarder technology, and highly regarded HVAC products as well as insulation blowing and foam application equipment. For more information, visit www.certainteed.com.
28
Costly free drink; Maritime Tales by Stephen Guy of Merseyside Maritime Museum
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Costly free drink; Maritime Tales by Stephen Guy of Merseyside Maritime Museum
0 Comments | Liverpool Echo (Liverpool, England), July 24, 2010
Byline: Stephen Guy
THE wealthy American businessman was savouring his time on the luxury liner, relaxing and sampling the varied menus. Charles Lauriat signed two bills for mineral water expecting to settle when he disembarked at Liverpool.
After dinner on May 6, 1915, 40-year-old Charles went to a party with fellow American passengers and senior crew members. Life was good. He was on a business trip for the Boston booksellers, Charles E Lauriat, owned by his father.
Charles junior was an amateur sailor and seasoned traveller – this was his 23rd Atlantic crossing but his first on the popular Cunard liner Lusitania.
Charles had one slight worry during the voyage – the threat of German submarines. America was neutral but the Germans had warned that British ships were legitimate targets.
He had been told the Lusitania would be escorted through the war zone but none materialised. During the voyage he was concerned because the Lusitania – one of the fastest ships afloat – seemed to be travelling comparatively slowly.
Charles also noticed that a number of portholes were kept open and that passengers were given a lifeboat drill. He nervously kept a note of how many miles they covered daily.
On the morning of May 7 he noted that the ship was travelling slowly with the Irish coast in view. As he ate lunch he felt a cool breeze through the open portholes.
Shortly afterwards he was talking to two fellow passengers when they felt a muffled impact and the ship trembled. Smoke and cinders shot up on the starboard side – Lusitania had been torpedoed.
Charles helped people put on their lifejackets and get into lifeboats. Chaotic scenes ensued as people realised the ship was about to go under. Charles thought the open portholes were causing the ship to flood more rapidly.
Lusitania went down in 18 minutes with the loss of 1,200 lives. Charles leapt into the sea and managed to get into a collapsible boat. They rowed to safety at the Old Head of Kinsale lighthouse.
We know of Charles’ experiences because he wrote a fascinating book called The Lusitania’s Last Voyage.
He never paid for his mineral water. The two bills can be seen in the Merseyside Maritime Museum’s Titanic, Lusitania and the Forgotten Empress gallery.
They bear Charles’ flourishing signature and the number of his stateroom, B5. They also carry the names of head waiter Sydney Le Touzel and bedroom steward Robert Morse – Liverpool men who also survived.
Charles was paid $1,000 compensation for lost luggage and continued his life as a successful businessman, dying in 1937
free samples
