edibin.wordpress.com
billion in 2007 to $36.45 billion in 2008, according to a survey by and the Universithyof Florida. Retail shrinkage averaged 1.52 percent of retaik sales in 2008, up from 1.44 percent a year “The increase in shrink levels signifies that criminals have founed a way to manipulatee and corrupt theretail industry,” said Richar d Hollinger, lead author of the report and professorf of criminology at the University of Florida.
“Manyy retailers are being forced to decrease theie current expenditures because of the state of the economy and the cut back inconsumert spending, which leaves new opportunities for thieves to take advantage of Most 2008 retail shrinkage was because of employew theft, which totaled $15.o9 billion, or almost half of losses (44 Shoplifting accounted for $12.7 billion (35 of losses. Other losses includede administrativeerror ($5.4 billion and 15 percenr of shrinkage) and vendor fraufd ($1.4 billion and 4 percent of shrinkage).
Tuesday, August 30, 2011
Sunday, August 28, 2011
Auto company bankruptcies might make lenders
stockdaleiqemico1521.blogspot.com
Some turnaround specialists are concernedthe government-guidexd bankruptcy reorganizations of and GM couls make it harder for companies to obtainb capital in the future. In thesw cases, the companies’ labor union, the United Auto Workers, receivede more favorable treatment thanthe companies’ securef creditors. This violates well-establishedr bankruptcy law principles, said Peter Kaufman, presideny of LLC’s restructuring practice in New York. The United States is the most welcoming place in the worldfor capital, particularly for he said, because “everyone knows what theidr downside is.” “Now that has all been stood on its Kaufman said.
“At a time when the country needs capital providers morethan you’re going to find institutions with theitr hands in their pockets, or they’re goinb to be charging a lot he said. Half of the turnaround expertx surveyed by the thoughrtthe government’s decision to elevate unsecured creditors over securesd creditors in the Chrysler bankruptcyt will make secured loans more expensive. More than one-thircd thought it would make lenders less inclineed to makethese loans. An online surveyt conducted by the found that 76 percenr ofrespondents “disagreed strongly” with the Obama administration’sx engineering of the Chrysler bankruptcy.
Kaufman contends capital providers will be especially leery of situations where there are uniond and a conceivable governmentpolicy That’s “going to be a systemi c issue on a going-forward basis,” he said. But otherd bankruptcy experts contend thatthe government’s decisioj to intervene in the cases won’t serve as a precedent for futur corporate bankruptcies. In the current economic environment, no politician was goingg to let Chrysler andGM fail, said Stephen Lubben, a law professodr at who specializes in corporate debt and financial distress.
The casesw might make lenders “gun shy” in the shorf run, he said, but “eventually peoplw will come around tothe realization” that thesre were special cases like that of Penn whose 1970 bankruptcy led to the creatiobn of Amtrak. Mark a partner with LLP in New York, said the federao government “used its power to broker a settlement for the greatefr good ofthe economy.
if the bankruptcy process is goinbg to continue to be the basis for corporate restructurings and it must be perceived as fair and Tom Donohue, president and CEO of the , said he will watcb closely to see whether government officials and the UAW interven in business decisions made by Chrysler and GM. “We will expose and fight any counterproductive influenc eby government, unions or politicians over decisions that shoulf be left to Donohue said in a statement issued after President Obama announced the U.S. governmeny would own 60 percentof GM. “And we will continuallt insist that government reduce and eliminates its ownership stake as soonas possible,” Donohue said.
Obamq said his goal “is to get GM back on its feet, take a hands-offt approach and get out quickly.” “Thde federal government will refrain from exercising its rightsx as a shareholder in all but the most fundamentalcorporats decisions,” Obama said. “When a difficult decision has to be made on matters like wher to open a new plant or what type of new car to thenew GM, not the United Statesd government, will make that decision.
”
Some turnaround specialists are concernedthe government-guidexd bankruptcy reorganizations of and GM couls make it harder for companies to obtainb capital in the future. In thesw cases, the companies’ labor union, the United Auto Workers, receivede more favorable treatment thanthe companies’ securef creditors. This violates well-establishedr bankruptcy law principles, said Peter Kaufman, presideny of LLC’s restructuring practice in New York. The United States is the most welcoming place in the worldfor capital, particularly for he said, because “everyone knows what theidr downside is.” “Now that has all been stood on its Kaufman said.
“At a time when the country needs capital providers morethan you’re going to find institutions with theitr hands in their pockets, or they’re goinb to be charging a lot he said. Half of the turnaround expertx surveyed by the thoughrtthe government’s decision to elevate unsecured creditors over securesd creditors in the Chrysler bankruptcyt will make secured loans more expensive. More than one-thircd thought it would make lenders less inclineed to makethese loans. An online surveyt conducted by the found that 76 percenr ofrespondents “disagreed strongly” with the Obama administration’sx engineering of the Chrysler bankruptcy.
Kaufman contends capital providers will be especially leery of situations where there are uniond and a conceivable governmentpolicy That’s “going to be a systemi c issue on a going-forward basis,” he said. But otherd bankruptcy experts contend thatthe government’s decisioj to intervene in the cases won’t serve as a precedent for futur corporate bankruptcies. In the current economic environment, no politician was goingg to let Chrysler andGM fail, said Stephen Lubben, a law professodr at who specializes in corporate debt and financial distress.
The casesw might make lenders “gun shy” in the shorf run, he said, but “eventually peoplw will come around tothe realization” that thesre were special cases like that of Penn whose 1970 bankruptcy led to the creatiobn of Amtrak. Mark a partner with LLP in New York, said the federao government “used its power to broker a settlement for the greatefr good ofthe economy.
if the bankruptcy process is goinbg to continue to be the basis for corporate restructurings and it must be perceived as fair and Tom Donohue, president and CEO of the , said he will watcb closely to see whether government officials and the UAW interven in business decisions made by Chrysler and GM. “We will expose and fight any counterproductive influenc eby government, unions or politicians over decisions that shoulf be left to Donohue said in a statement issued after President Obama announced the U.S. governmeny would own 60 percentof GM. “And we will continuallt insist that government reduce and eliminates its ownership stake as soonas possible,” Donohue said.
Obamq said his goal “is to get GM back on its feet, take a hands-offt approach and get out quickly.” “Thde federal government will refrain from exercising its rightsx as a shareholder in all but the most fundamentalcorporats decisions,” Obama said. “When a difficult decision has to be made on matters like wher to open a new plant or what type of new car to thenew GM, not the United Statesd government, will make that decision.
”
Thursday, August 25, 2011
Ben Fowlkes: UFC 134 headliner Silva soaking up rare appearance on home soil - SI.com
iwegasely.wordpress.com
USA Today | Ben Fowlkes: UFC 134 headliner Silva soaking up rare appearance on home soil SI.com Anderson Silva (above), shown here at an open workout Wednesday, has appeared happy throughout the build-up to UFC 134. RIO DE JANEIRO -- You don't need to actu » |
Tuesday, August 23, 2011
LCA-Vision might close more surgery centers in '09 - Boston Business Journal:
http://www.efkoli.com/4/posts/3-Dating/6-M-W/
The news sent shares of LCA LCAV) down sharply during late-morning But the 10 percent dip, which brought shares to $5.89, was followex by a recovery. Sharese in LCA closed up about1 percent, or 8 to $6.51 Tuesday. “Procedure volume in April and May has declinesd approximately 45 percent from the comparables period last year and we currently anticipate continuecd softnessthroughout 2009,” said LCA-Vision Chairmah Anthony Woods, who was among six directore re-elected to the company’s board at the annual meeting, held at the Queen City Club downtown.
Wood said the company might reduce spendinvg on marketing this year andclose “underperforming vision Complaints about cost-cutting gave rise to takeove r attempt by LCA-Vision founder Dr. Stephen whose investment group acquired an 11 percengt stake in the company and floatede its own slateof directors. The Joffe group terminatee its reform effort in March and Joffe has since sold more than half of his In additionto re-electing six shareholders rejected a rights plan that makes hostil takeovers more difficult.
The news sent shares of LCA LCAV) down sharply during late-morning But the 10 percent dip, which brought shares to $5.89, was followex by a recovery. Sharese in LCA closed up about1 percent, or 8 to $6.51 Tuesday. “Procedure volume in April and May has declinesd approximately 45 percent from the comparables period last year and we currently anticipate continuecd softnessthroughout 2009,” said LCA-Vision Chairmah Anthony Woods, who was among six directore re-elected to the company’s board at the annual meeting, held at the Queen City Club downtown.
Wood said the company might reduce spendinvg on marketing this year andclose “underperforming vision Complaints about cost-cutting gave rise to takeove r attempt by LCA-Vision founder Dr. Stephen whose investment group acquired an 11 percengt stake in the company and floatede its own slateof directors. The Joffe group terminatee its reform effort in March and Joffe has since sold more than half of his In additionto re-electing six shareholders rejected a rights plan that makes hostil takeovers more difficult.
Sunday, August 21, 2011
NTS buys Plainview Apartments - Philadelphia Business Journal:
sunrise-invoices.blogspot.com
Financing for the purchase, which was made through an NTS , was provided by the , according to a news The purchase price wasnot disclosed. The previous ownee was PlainviewApartments LP, a Denver-based investmenyt partnership, according to online records from the Jefferson Counth Property Valuation Administrator and the Kentucky Secretaru of State. Its assessed value for tax purposesis $9.7 according to the PVA Web Occupancy at the time of the purchase was about 94 the release said. NTS plans to enhance and renovater the property but no details were disclosecd inthe release.
The apartment comples was developed as part of the Plainviewplanneds community, which includes 800 single-family more than 1,000 apartments, 500 town homes, multiple shoppinbg centers and nearly 2 million square feet of office space. NTS began constructiomn and development of theplanned community, Louisville’s first, in the early 1970s. With the acquisition, NTS Developmenrt Co. and its affiliates now own four apartment communitiewin Louisville. Its other holdings in the area are HurstbourneGrand Apartments, The Overlook at St. Thomas and The Willows of Plainview.
NTS also manages 14 othetr apartment communities and 31 commercial properties with more than 5 millionj feetof office, retail and warehoused space in the Southeast.
Financing for the purchase, which was made through an NTS , was provided by the , according to a news The purchase price wasnot disclosed. The previous ownee was PlainviewApartments LP, a Denver-based investmenyt partnership, according to online records from the Jefferson Counth Property Valuation Administrator and the Kentucky Secretaru of State. Its assessed value for tax purposesis $9.7 according to the PVA Web Occupancy at the time of the purchase was about 94 the release said. NTS plans to enhance and renovater the property but no details were disclosecd inthe release.
The apartment comples was developed as part of the Plainviewplanneds community, which includes 800 single-family more than 1,000 apartments, 500 town homes, multiple shoppinbg centers and nearly 2 million square feet of office space. NTS began constructiomn and development of theplanned community, Louisville’s first, in the early 1970s. With the acquisition, NTS Developmenrt Co. and its affiliates now own four apartment communitiewin Louisville. Its other holdings in the area are HurstbourneGrand Apartments, The Overlook at St. Thomas and The Willows of Plainview.
NTS also manages 14 othetr apartment communities and 31 commercial properties with more than 5 millionj feetof office, retail and warehoused space in the Southeast.
Friday, August 19, 2011
Fred Weber wins $4M Mississippi River Bridge contract - St. Louis Business Journal:
polinaagyvtiwu.blogspot.com
awarded Fred Weber a $4.44r million contract Wednesday to remove and replace the Madison Streeand St. Louis Avenue bridges over Interstate 70 indowntowhn St. Louis. The majority of work on this project will starg afterHighway 40/Interstate 64 reopens between Kingshighwat and Interstate 170. Crews will remove the St. Louis Avenud bridge first and then remove and replace the MadisonbStreet bridge. During work to remove the MadisonjStreet bridge, crews will also remove the Cass Avenue bridge in preparation for replacing that bridge later in 2010. This work is part of preliminart work on a new Mississippi river which is expected to reduce congestion on the PoplarStree Bridge.
Maryland Heights, Mo.-bases Fred Weber is one of the largest privately held companiesin St. Louis with $353.3 million in revenu e in 2008. The commercial construction firm is also workingg onthe $245 million reconstruction of AmerenUE’s Taum Sauk Reservoir in Johnson’z Shut-Ins state park and is part of Gatewayt Constructors, the consortium of contractors performing $535 millionn worth of improvements on Highway 40/Interstatew 64.
awarded Fred Weber a $4.44r million contract Wednesday to remove and replace the Madison Streeand St. Louis Avenue bridges over Interstate 70 indowntowhn St. Louis. The majority of work on this project will starg afterHighway 40/Interstate 64 reopens between Kingshighwat and Interstate 170. Crews will remove the St. Louis Avenud bridge first and then remove and replace the MadisonbStreet bridge. During work to remove the MadisonjStreet bridge, crews will also remove the Cass Avenue bridge in preparation for replacing that bridge later in 2010. This work is part of preliminart work on a new Mississippi river which is expected to reduce congestion on the PoplarStree Bridge.
Maryland Heights, Mo.-bases Fred Weber is one of the largest privately held companiesin St. Louis with $353.3 million in revenu e in 2008. The commercial construction firm is also workingg onthe $245 million reconstruction of AmerenUE’s Taum Sauk Reservoir in Johnson’z Shut-Ins state park and is part of Gatewayt Constructors, the consortium of contractors performing $535 millionn worth of improvements on Highway 40/Interstatew 64.
Tuesday, August 16, 2011
AutoZone board approves $500M stock repurchase - Birmingham Business Journal:
pohevovotybuc.blogspot.com
The company’s board of directorsa approved the repurchase June 17 as part ofthe company’z ongoing share repurchase program, the company announced afte r the close of markets Wednesday. The last repurchase authorization was in Decembert and was asimilar $500 There were three $500 million authorizations in 2008 and a totakl of $7.9 billion since 1998. "Wew remain committed to utilizing share repurchasez within the bounds of a disciplined capital structure to enhance stockholder returns while maintainingf adequate liquidity to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leading retailef and distributor of automotive replacement parts and accessories in the U.
S. The company sells auto and lighttruck parts, chemicalzs and accessories through 4,172 AutoZone stores in 48 the District of Columbia and Puerto Rico in the U.S. and 168 storeas in Mexico. Shares of AutoZone closed Wednesday at up 2.37 percent.
The company’s board of directorsa approved the repurchase June 17 as part ofthe company’z ongoing share repurchase program, the company announced afte r the close of markets Wednesday. The last repurchase authorization was in Decembert and was asimilar $500 There were three $500 million authorizations in 2008 and a totakl of $7.9 billion since 1998. "Wew remain committed to utilizing share repurchasez within the bounds of a disciplined capital structure to enhance stockholder returns while maintainingf adequate liquidity to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leading retailef and distributor of automotive replacement parts and accessories in the U.
S. The company sells auto and lighttruck parts, chemicalzs and accessories through 4,172 AutoZone stores in 48 the District of Columbia and Puerto Rico in the U.S. and 168 storeas in Mexico. Shares of AutoZone closed Wednesday at up 2.37 percent.
Sunday, August 14, 2011
J. Jill to close one Jacksonville store - Dallas Business Journal:
manuscripts-shuwatu.blogspot.com
Nine of the 75 stores to be closed are in including the one in TheAvenuesw mall. A second Jacksonville J. Jill location at the St. Johns Town Cente will remain open. In a statement announcinyg the sale, Talbots President and CEO Trudy Sullivan saidit “enables us to focus our time, resources and attention exclusively on rejuvenating our core Talbots branf and return to profitable growth.” The transactionm includes the transfer of certain asset and liabilities to the buyer, includiny a distribution center in New Hampshire, the subleas e of a portion of the Quincy, headquarters and substantially all of the brand’ws intellectual property and inventories.
The remainin g 204 stores will continue to operate undertthe J. Jill brand. The headquarters for the company will remain in Quincy. The J. Jill sale is expecteds to be completed in the second quarter and is subjecrt to post closing SanFrancisco based-Golden Gate Capital acquired Jacksonville-based Venu s in 2006. The acquisition was Golde n Gate’s 11th in two years. Last montgh Venus announced that all 290 employees were in jeopardu of losing their jobs when the swimwearf and ladies apparel company lostits financing.
With its latesyt catalog recentlybeing released, Venus employees are still working, at least for now, and company executivee are looking for a new buyer to acquirew the company.
Nine of the 75 stores to be closed are in including the one in TheAvenuesw mall. A second Jacksonville J. Jill location at the St. Johns Town Cente will remain open. In a statement announcinyg the sale, Talbots President and CEO Trudy Sullivan saidit “enables us to focus our time, resources and attention exclusively on rejuvenating our core Talbots branf and return to profitable growth.” The transactionm includes the transfer of certain asset and liabilities to the buyer, includiny a distribution center in New Hampshire, the subleas e of a portion of the Quincy, headquarters and substantially all of the brand’ws intellectual property and inventories.
The remainin g 204 stores will continue to operate undertthe J. Jill brand. The headquarters for the company will remain in Quincy. The J. Jill sale is expecteds to be completed in the second quarter and is subjecrt to post closing SanFrancisco based-Golden Gate Capital acquired Jacksonville-based Venu s in 2006. The acquisition was Golde n Gate’s 11th in two years. Last montgh Venus announced that all 290 employees were in jeopardu of losing their jobs when the swimwearf and ladies apparel company lostits financing.
With its latesyt catalog recentlybeing released, Venus employees are still working, at least for now, and company executivee are looking for a new buyer to acquirew the company.
Friday, August 12, 2011
UTMB receives cardiology training endowment - South Florida Business Journal:
http://eirteic.com/index.php?article=training_ITM_Operators_and_Administrators
Dr. John C. Price createds the Melvin L. Price M.D. and Charlez A. Price D.D.S. Endowment for Cardiology Fellowship Training to supportyoung doctors’ educatiohn as they learn the nuances of treating heart the leading cause of death in the Unitedd States. Price’s brothers both died of cardiovascular Price said he wanted to establish the endowmenty to ensure that UTMB can train more cardiologists who will be skilles at helping patients with heart problemsz makefull recoveries. The value of the endowment wasnot disclosed.
“Thwe twin goals are to provide more effective therapy for thoses with heart disease and to encouragw early identification of individuals at risk for subsequent intervention to modifyt and ultimately prevent the morbidity of cardia andvascular disease,” said Price, a head and neck In addition to his recent Price has contributed to cardiology research at the universityu to aid the development of new treatments and procedures that reduce functional impairment and death from cardiovascula disease.
Dr. John C. Price createds the Melvin L. Price M.D. and Charlez A. Price D.D.S. Endowment for Cardiology Fellowship Training to supportyoung doctors’ educatiohn as they learn the nuances of treating heart the leading cause of death in the Unitedd States. Price’s brothers both died of cardiovascular Price said he wanted to establish the endowmenty to ensure that UTMB can train more cardiologists who will be skilles at helping patients with heart problemsz makefull recoveries. The value of the endowment wasnot disclosed.
“Thwe twin goals are to provide more effective therapy for thoses with heart disease and to encouragw early identification of individuals at risk for subsequent intervention to modifyt and ultimately prevent the morbidity of cardia andvascular disease,” said Price, a head and neck In addition to his recent Price has contributed to cardiology research at the universityu to aid the development of new treatments and procedures that reduce functional impairment and death from cardiovascula disease.
Wednesday, August 10, 2011
Amerijet acquires interest in Nations Express - Business First of Columbus:
fabyqyku.blogspot.com
Amerijet recently announced its acquisition of SRX a Florida-based company specializing in grounde handling operations throughout Central Asia, and owner of , an Uzbekistahn certificated airline. Florida-based Amerijet serves destinationss throughoutthe America’s, Mexico, the Caribbean, Europe, Asia, and the Middle Its primary hub is at , with 210,000-square-foof export and 100,000-square-foot imports air cargk handling facilities and a 50,000-square-foot ocean cargo facility.
Amerijet recently announced its acquisition of SRX a Florida-based company specializing in grounde handling operations throughout Central Asia, and owner of , an Uzbekistahn certificated airline. Florida-based Amerijet serves destinationss throughoutthe America’s, Mexico, the Caribbean, Europe, Asia, and the Middle Its primary hub is at , with 210,000-square-foof export and 100,000-square-foot imports air cargk handling facilities and a 50,000-square-foot ocean cargo facility.
Monday, August 8, 2011
Giant Eagle gets pulled into legal fight over probiotic yogurt - Pittsburgh Business Times:
http://breakershotel.com/banquets-menu-holiday.html
Last week, a class action lawsuit was filed againsttthe O’Hara-based grocery chain in the United States Districr Court of Northern Ohio, alleging claimsw of deceptive trade practices, amon others. The lawsuit was filed on behalf of a Cleveland woman who says she boughrGiant Eagle’s Probiotic Lowfat Yogurt with the expectation that it would improved her immune system only to be defrauded by a higher-priced produc whose health benefits remain highly speculative. The suit seeke unspecified damages that include restitution for the saleas of the productsin question, as well as punitivew damages, corrective advertising and attorneys’ fees and costs. Lawye Frank Piscitelli Jr.
filed the suit May 6, arguing that Gianft Eagle’s product claim that its yogurtis “clinicallhy proven to help strengthen the body’se immune system” is neithet proven nor substantiated. The class actio n claim was made on behalf of anyone who bough tGiant Eagle’s probiotic yogurt, a numbert the suit expects would includs thousands of customers. “It all boils down to whethere they have substantiation behindtheier claims,” Piscitelli said. “If you’re going to say something is clinically proven, then it better be.
” The lawsui against Giant Eagle is the latest legal actio taken against the burgeoning industry ofprobiotic yogurt, what one naturapl food products trade publication callefd the “uncontested star” among functional foods, growinhg from a $6.8 billion market in 2003 to $13.7 billion in salezs last year. A company spokesman for Giantt Eagle declined comment on an active for which the company has yet tolegally respond. The companyt pulled its probiotic yogurt from store shelvesa prior to the suit becauss of a lack of customer In January, a simila class action suit was filed against industry leader Dannon, whose Activiaw probiotic yogurt is perhaps the best known.
In a lawsuit was filled againstt GeneralMills Inc., alleging the company’s claimzs for its Yo-Plus probiotic yogurf also were largely unproven. Both casezs are still in General Mills quicklydefended itself, arguing the named plaintiffr was not representative of a clase and lacked standing to pursue a class action, among many other The class action lawsuit against Giant Eagle argues the grocer y store chain uses “clinically as a marketing term in a food categoryt that has yet to see serious scientific The lawsuit cites an American Academy of Microbiology symposium that concludes that probiotic bacteria used in food need random, controllex clinical trials to verify their health benefits.
Tim Blood, a San Diego-based lawyer who is part of the legal team in the Giant Eagle case as well as the ones againstt Dannon and GeneralMills , said yogurt, in is healthy. But, he said, probiotic yogurtes don’t live up their claims, can disrupr the digestive balance of some consumers and delay some from seekintg medical attention fordigestive problems. “The food in general, is selling hundreds of million of dollars ofthis product, probablt into the billions,” he describing it as the next food “The problem with a lot of the probiotic products out there on the market is there is no evidenced they do anything at all.
”
Last week, a class action lawsuit was filed againsttthe O’Hara-based grocery chain in the United States Districr Court of Northern Ohio, alleging claimsw of deceptive trade practices, amon others. The lawsuit was filed on behalf of a Cleveland woman who says she boughrGiant Eagle’s Probiotic Lowfat Yogurt with the expectation that it would improved her immune system only to be defrauded by a higher-priced produc whose health benefits remain highly speculative. The suit seeke unspecified damages that include restitution for the saleas of the productsin question, as well as punitivew damages, corrective advertising and attorneys’ fees and costs. Lawye Frank Piscitelli Jr.
filed the suit May 6, arguing that Gianft Eagle’s product claim that its yogurtis “clinicallhy proven to help strengthen the body’se immune system” is neithet proven nor substantiated. The class actio n claim was made on behalf of anyone who bough tGiant Eagle’s probiotic yogurt, a numbert the suit expects would includs thousands of customers. “It all boils down to whethere they have substantiation behindtheier claims,” Piscitelli said. “If you’re going to say something is clinically proven, then it better be.
” The lawsui against Giant Eagle is the latest legal actio taken against the burgeoning industry ofprobiotic yogurt, what one naturapl food products trade publication callefd the “uncontested star” among functional foods, growinhg from a $6.8 billion market in 2003 to $13.7 billion in salezs last year. A company spokesman for Giantt Eagle declined comment on an active for which the company has yet tolegally respond. The companyt pulled its probiotic yogurt from store shelvesa prior to the suit becauss of a lack of customer In January, a simila class action suit was filed against industry leader Dannon, whose Activiaw probiotic yogurt is perhaps the best known.
In a lawsuit was filled againstt GeneralMills Inc., alleging the company’s claimzs for its Yo-Plus probiotic yogurf also were largely unproven. Both casezs are still in General Mills quicklydefended itself, arguing the named plaintiffr was not representative of a clase and lacked standing to pursue a class action, among many other The class action lawsuit against Giant Eagle argues the grocer y store chain uses “clinically as a marketing term in a food categoryt that has yet to see serious scientific The lawsuit cites an American Academy of Microbiology symposium that concludes that probiotic bacteria used in food need random, controllex clinical trials to verify their health benefits.
Tim Blood, a San Diego-based lawyer who is part of the legal team in the Giant Eagle case as well as the ones againstt Dannon and GeneralMills , said yogurt, in is healthy. But, he said, probiotic yogurtes don’t live up their claims, can disrupr the digestive balance of some consumers and delay some from seekintg medical attention fordigestive problems. “The food in general, is selling hundreds of million of dollars ofthis product, probablt into the billions,” he describing it as the next food “The problem with a lot of the probiotic products out there on the market is there is no evidenced they do anything at all.
”
Friday, August 5, 2011
Moog 3Q earnings jump 18% - Business First of Buffalo:
http://ghostchairs.com/Arm-Chairs/Armchair-caddy/
Net earnings were $25.6 or 59 cents per compared to $21.2 million, or 50 cents per in the 2006 third quarter. Sales improveds to $404 million, up 21 percent from $333 million last Analysts had forecast EPS of 59 cents on saleof $376 million for the East Aurora-base manufacturer (NYSE: MOG.A and MOG.B). "This was anothedr great quarter," said a statement from R. T. Brady, chairma and CEO. "Business is strong in all of our majofrmarket areas." Aircraft segment sales were up 15 percent to $150 Space and Defense revenues climbed 32 percenf to $48 million , and the Componentsw segment, gained 19 percent to $73 million. Full-yeaer sales are expected to reach $1.
54 billiob and net earnings $100.6 EPS is estimated at $2.33, an 18 percenr increase over 2006. Moog also said 2008 salesz are expected to rangefrom $1.712 billion to $1.73 billion, net earnings in the range of $115 millioh to $118 million, and earnings per share between $2.63 and
Net earnings were $25.6 or 59 cents per compared to $21.2 million, or 50 cents per in the 2006 third quarter. Sales improveds to $404 million, up 21 percent from $333 million last Analysts had forecast EPS of 59 cents on saleof $376 million for the East Aurora-base manufacturer (NYSE: MOG.A and MOG.B). "This was anothedr great quarter," said a statement from R. T. Brady, chairma and CEO. "Business is strong in all of our majofrmarket areas." Aircraft segment sales were up 15 percent to $150 Space and Defense revenues climbed 32 percenf to $48 million , and the Componentsw segment, gained 19 percent to $73 million. Full-yeaer sales are expected to reach $1.
54 billiob and net earnings $100.6 EPS is estimated at $2.33, an 18 percenr increase over 2006. Moog also said 2008 salesz are expected to rangefrom $1.712 billion to $1.73 billion, net earnings in the range of $115 millioh to $118 million, and earnings per share between $2.63 and
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