impluCorporation

News Release by SAHARA MEDIA HOLDINGS, INC. on 2008-09-24

This is a very interesting distillation of the social media markets and a proposed new venture.

Tags: Social Networking
Related URLs: SAHARA MEDIA HOLDINGS, INC.
2 total votes | Comments (0) | Created by steve on 2008-10-28 - Login to vote or comment!

R's Circle Wagons; Fear Obama Power Could Cost Roundhouse Seats

ABQ North Valley area GOP State Senator John Ryan is seen securing a second four year term, but an Obama power move, not to mention one by Dem US Senate candidate Tom Udall who will out poll Obama, could make Ryan, a lobbyist, nervous as he awaits Election Night results, according to http://joemonahansnewmexico.blogspot.com.

Tags: Republican Obama
Related URLs: JOHN RYAN
3 total votes | Comments (0) | Created by steve on 2008-10-13 - Login to vote or comment!

EBay to Lay Off 10% of Work Force

The Internet company, eBay, announced Monday that it was laying off 10 percent of its work force, or about 1,000 permanent employees and several hundred temporary workers. The announcement was largely unrelated to the potential economic impact of a slowdown in e-commerce. Rather, it represented an effort by eBay to improve the performance of its core marketplace division, which has experienced declining, single-digit growth in the last few years while the rest of e-commerce grows at a double-digit clip. The company said it would take a pretax restructuring charge of $70 million to $80 million, largely in the fourth quarter, according to the NY Times.

Tags: EBay Layoff
Related URLs: ANDREESSEN MARC L
2 total votes | Comments (0) | Created by steve on 2008-10-06 - Login to vote or comment!

Southwest CFO: No cash problem

DALLAS (AP) -- Southwest Airlines has "very limited financing needs" and little immediate exposure to the turmoil in the financial markets, the chief financial officer said Wednesday. Laura Wright said Southwest (LUV, Fortune 500), which enters fuel-hedging transactions with financial-services firms as counterparties, has no exposure to bankrupt Lehman Brothers (LEH, Fortune 500) and only a small amount to brokerages that don't have a commercial banking side. Wright said Southwest, which reported about $5.8 billion in cash and short-term investments on June 30, has enough cash set aside to cover about 85% of its fuel-hedging positions, according to CNNMoney.com.

Tags: CFO Crisis Airlines
Related URLs: WRIGHT LAURA
5 total votes | Comments (0) | Created by steve on 2008-10-01 - Login to vote or comment!

Google's First Phone: The iPhone With More Buttons

If the HTC's new G1 cellphone, featuring Google's Android software, were introduced two years ago, jaws would drop. But Apple's iPhone already won the wows that go to the first small phone that is truly good at Web browsing. So the G1 offers some interesting evolution, but not a revolution in the concept, according to the NY Times Bits.

Tags: Google iPhone
Related URLs:
2 total votes | Comments (0) | Created by steve on 2008-09-30 - Login to vote or comment!

FBI Probe Fannie Mae, Freddie Mac, Lehman Brothers and American International Group

The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration. Two law enforcement officials said Tuesday the FBI is looking at potential fraud by mortgage finance giants Fannie Mae (FNM, Fortune 500) and Freddie Mac (FRE, Fortune 500), Lehman Brothers Holdings Inc. (LEH, Fortune 500), and insurer American International Group Inc. (AIG, Fortune 500), according to CNNMoney.com.

Tags: FBI Probe
Related URLs: AMERICAN INTERNATIONAL GROUP INC • FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE • FEDERAL HOME LOAN MORTGAGE CORP • LEHMAN BROTHERS HOLDINGS INC
2 total votes | Comments (0) | Created by steve on 2008-09-23 - Login to vote or comment!

Lehman Brothers Chapter 11 hurts Freddie Mac

On September 15, 2008, Lehman Brothers Holdings Inc. ("Lehman") announced that it had filed a petition under Chapter 11 of the U.S. Bankruptcy Code with the United States Bankruptcy Court for the Southern District of New York. Lehman was Freddie Mac's counterparty in unsecured lending transactions due to mature on September 15, 2008 in which Lehman was to make principal payments to Freddie Mac totaling $1.2 billion plus accrued interest. Freddie Mac has not received these payments.

Tags: Chapter 11 Bankruptcy
Related URLs: FEDERAL HOME LOAN MORTGAGE CORP • LEHMAN BROTHERS HOLDINGS INC
2 total votes | Comments (0) | Created by steve on 2008-09-23 - Login to vote or comment!

McCain Aide's Firm (Davis Manafort) Was Paid by Freddie Mac

One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month to a firm owned by Senator John McCain's campaign manager from the end of 2005 through last month, according to two people with direct knowledge of the arrangement, according to the NY Times today.

Tags: disclosure
Related URLs: FEDERAL HOME LOAN MORTGAGE CORP
2 total votes | Comments (0) | Created by steve on 2008-09-23 - Login to vote or comment!

Berkshire Hathaway receives preferred shares in Goldman Sachs

Warren Buffett's company, Berkshire Hathaway, will receive preferred shares in Goldman Sachs as part of the bank's effort to raise $7.5 billion in fresh capital, according to the New York Times today.

Tags: Investment
Related URLs: GOLDMAN SACHS GROUP INC • BERKSHIRE HATHAWAY INC
3 total votes | Comments (0) | Created by steve on 2008-09-23 - Login to vote or comment!

Google, General Electric join initiative

I read an interesting story in the NY Times Bits section regarding the concept of "smart grid" technologies.Apparently, Google and GE are going to team up. Here's the link: http://bits.blogs.nytimes.com/2008/09/17/google-and-general-electric-team-up-on-energy-initiatives Cool stuff!

Tags: general electric smart grid google
Related URLs: GENERAL ELECTRIC CO
2 total votes | Comments (0) | Created by steve on 2008-09-19 - Login to vote or comment!

AOL email is ahead of Google's

I was curious to discover that AOL is still very much a contender in the email game. Their rankings appear to be as follows: 1. Yahoo! Mail 2. Windows Live Hotmail 3. AOL Email 4. Google Gmail According to an article found in the NY Times Bits http://bits.blogs.nytimes.com/2008/09/12/aols-luddites-love-their-e-mail-more-than-googles-geeks/

Tags: AOL Google Yahoo Microsoft email
Related URLs: YAHOO INC • MICROSOFT CORP • AOL LLC
2 total votes | Comments (0) | Created by steve on 2008-09-13 - Login to vote or comment!

Nevada State closes the bank of SILVER STATE BANCORP

On Friday, September 5, 2008, Silver State Bank (the "Bank"), the wholly-owned subsidiary and principal asset of Silver State Bancorp (the "Company"), was closed by the State of Nevada, Department of Business and Industry, Financial Institutions Division (the "Division) and the Federal Deposit Insurance Corporation (the "FDIC") was appointed as receiver of the Bank.

Tags: Bank Closed FDIC Closure
Related URLs: SILVER STATE BANCORP
2 total votes | Comments (0) | Created by steve on 2008-09-10 - Login to vote or comment!

New CFO appointed by CARIBOU COFFEE COMPANY

On September 8, 2008, the Board of Directors (the "Board") of Caribou Coffee Company, Inc. (the "Company") appointed Timothy J. Hennessy, age 46, as the Chief Financial Officer of the Company effective September 9, 2008. Mr. Hennessy was most recently with Carlson Wagonlit Travel ("Carlson Wagonlit"), a European-based leading travel management company, where he served as Chief Financial Officer and Executive Vice President from 2001 to 2007, Chief Financial Officer of America and Vice President from 1999 to 2000 and Group Controller from 1997 to 1999. Prior to joining Carlson Wagonlit, Mr. Hennessy served as Director of Acquisitions and Strategic Planning for Carlson Companies ("Carlson"), a large private company providing travel, hotel, restaurant, cruise and marketing services directly to consumers, corporations and government entities, from 1994 to 1996. Prior to joining Carlson, Mr. Hennessy was with Deloitte & Touche LLP, an audit, ... (Read More)

Tags: Appointment CFO
Related URLs: CARIBOU COFFEE COMPANY, INC. • CARLSON WAGONLIT TRAVEL
2 total votes | Comments (0) | Created by steve on 2008-09-10 - Login to vote or comment!

William George Retires From ON SEMICONDUCTOR CORP

On September 5, 2008, William George, Executive Vice President for ON Semiconductor Corporation ("Company"), retired from the Company and its subsidiaries. Mr. George served in various officer-level positions with the Company since August 1999 and was a "Named Executive Officer" in the Company's most recent annual proxy statement, filed with the Securities and Exchange Commission on April 4, 2008.

Tags: Retirement
Related URLs: ON SEMICONDUCTOR CORP • GEORGE WILLIAM
2 total votes | Comments (0) | Created by steve on 2008-09-09 - Login to vote or comment!

Denise Barton Terminated by AMERICAN CASINO & ENTERTAINMENT PROPERTIES

On September 3, 2008, American Casino & Entertainment Properties LLC (the "Company") terminated the employment of Denise Barton as Senior Vice President and Chief Financial Officer, Treasurer and Secretary of the Company, effective immediately.

Tags: Termination
Related URLs: AMERICAN CASINO & ENTERTAINMENT PROPERTIES LLC
3 total votes | Comments (0) | Created by steve on 2008-09-09 - Login to vote or comment!

Peet's Coffee & Tea Equity Incentive Plan

On September 4, 2008, the Board of Directors amended and restated the 2000 Equity Incentive Plan to extend the exercise period for employees who qualify for retirement. The exercise period for vested options will be extended to the earlier of (i) the date four (4) years following retirement or (ii) the expiration of the term of the option as set forth in the option agreement. To qualify for retirement an employee must attain a combined age plus continuous service equal to sixty (60) years, with at least five (5) years of continuous service.

Tags: Equity Retirement
Related URLs: PEETS COFFEE & TEA INC
2 total votes | Comments (0) | Created by steve on 2008-09-09 - Login to vote or comment!

Tumbleweed Communications & Company and Axway Merger

On September 4, 2008, Tumbleweed Communications Corp. (the "Company") announced the completion of the merger (the "Merger") contemplated by the Agreement and Plan of Merger (the "Merger Agreement"), dated June 5, 2008, by and between the Company and Axway Inc. ("Axway"), an indirect wholly-owned subsidiary of Sopra Group SA, and Tornado Acquisition Corp. ("Merger Sub"), a wholly-owned subsidiary of Axway. Pursuant to the Merger Agreement, Merger Sub merged with and into the Company, with the Company continuing as a wholly-owned subsidiary of Axway. At the effective time of the Merger, each outstanding share of common stock of the Company ("Common Stock") was converted into the right to receive $2.70 in cash, without interest.

Tags: Merger
Related URLs: TUMBLEWEED COMMUNICATIONS CORP
3 total votes | Comments (0) | Created by steve on 2008-09-06 - Login to vote or comment!

Jerry Cash leaves QUEST RESOURCE CORP

As previously disclosed in the Current Report on Form 8-K filed on August 25, 2008, Quest Resource Corporation (the "Company") accepted the resignation of Jerry Cash as Chairman of the Board, Chief Executive Officer and President of the Company and its subsidiaries. On September 2, 2008, Jack T. Collins was appointed the Company's Interim Chief Financial Officer effective immediately. Mr. Collins has been the Company's Executive Vice President of Investor Relations since December 2007 and will continue to oversee that function. Mr. Collins, age 32, has more than 11 years of experience providing analysis and advice to the oil and gas industry investors. Prior to joining the Company, he worked for A.G. Edward & Sons, Inc., a national, full-service brokerage firm, from 1999 to 2007 in various positions, most recently as a Securities Analyst, where he was responsible for initiating the firm's coverage of the high yield U.S. energy stock sector (E&P partnerships and U.S. ... (Read More)

Tags: Resignation
Related URLs: QUEST RESOURCE CORP • CASH JERRY D
3 total votes | Comments (0) | Created by steve on 2008-09-06 - Login to vote or comment!

Billy Dixon resigns from CARRIAGE SERVICES INC

Billy Dixon, Senior Vice President and Chief Financial Officer of Carriage Services, Inc. (the "Company") resigned from the Company on August 29, 2008 to pursue other interests. The Company has decided to fill this position with an internal candidate which will be done subject to Board of Directors appointment within the next two weeks.

Tags: Resignation
Related URLs: CARRIAGE SERVICES INC • DIXON BILLY D.
3 total votes | Comments (0) | Created by steve on 2008-09-06 - Login to vote or comment!

Henry Leonard resigns from Energy King

On August 29, 2008 Energy King, Inc. ("Energy King,") accepted the resignation of Henry S. Leonard, Energy King's Chief Financial Officer, effective immediately. Energy King has commenced a search for a replacement.

Tags: Resignation
Related URLs: ENERGY KING, INC.
3 total votes | Comments (0) | Created by steve on 2008-09-03 - Login to vote or comment!

Appointment as Group Vice President and Corporate Controller of Avon

Simon N.R. Harford was appointed as the Group Vice President and Corporate Controller of Avon Products, Inc. ("Avon") as of July 21, 2008, effective on August 15, 2008. Mr. Harford, age 48, has served as the Vice President and Controller of Eli Lilly and Company since May 2006. Prior to that, he had been Executive Director and Chief Financial Officer for Europe, Middle East and Africa since July 2004 and the Executive Director of Investor Relations from January 2003 to July 2004. Mr. Harford served in various other positions with Eli Lilly and Company since he joined the company in 1988. Mr. Harford will succeed Richard Foggio, effective August 15, 2008, and as a result, Mr. Foggio will no longer serve as Avon's Group Vice President and Corporate Controller, as agreed by Avon and Mr. Foggio on July 21, 2008. Mr. Foggio has been appointed as the Group Vice President, Finance, Global Marketing of Avon, effective August 15, 2008.

Tags: Avon Appointments Harford
Related URLs: AVON PRODUCTS INC • HARFORD SIMON N.R.
4 total votes | Comments (0) | Created by steve on 2008-08-29 - Login to vote or comment!