titus-neither.blogspot.com
Yahoo said in a statement Monday nightf that video initiatives remain a top priorityt forthe Sunnyvale-based web giant, but that it was “increasing investmengt in some areas while scaling back in Last year’s sale of Maven to Yahooo was a big win for company investore , and Prism which contributed $27 million in capital over three funding according to VentureWire archives. Maven was used to distribute and monetize premium online video content for more than 30 major media including ’s CBS Sports, and ’zs Financial Times.
Yahoo has said it will wind down thosde contracts but will continue to use Maven technology it inherited as the companuy focuses on improving corevideo products. Yahoio said it was not cuttingMavejn employees, many of whom oversee the company’s various video according to VentureWire. Maven is the thirdc video property Yahoo has closed in the pasteightg months. It previously eliminaterd live video streamingservice Y!Livse and online video editing tool Jumpcut. In the company has closed or announcedf it will close nearly20 services, including sociao network site Yahoo 360 and web hosting servicde GeoCities.
Thursday, September 29, 2011
Tuesday, September 27, 2011
Gold Country plans retail store at TCF Bank Stadium - Puget Sound Business Journal (Seattle):
zuloraxelewo.blogspot.com
Goldy’s Locker Room will be located at the main entrancre to TCF Bank Stadium at the corner of Universituy Avenue andOak Street. The store is schedule to openin mid-August, abou a month before the first game at the new football “Goldy’s Locker Room at TCF Bank Stadium will be one of the nation’sw largest, most state-of-the-art college sports retail venuew and the go-to destination for Gopher sports fans from far and Gold Country CEO Ron Leafblad said in a “We are excited to be part of this historix moment for the University of Minnesota and continue our longstandintg partnership with the university’zs athletics department.
” The store also will be open on Gold Country operates 12 retail stores and kiosks, including locationsx on the University of Minnesota campusx and at malls in the Twin Cities, Rochestee and St. Cloud.
Goldy’s Locker Room will be located at the main entrancre to TCF Bank Stadium at the corner of Universituy Avenue andOak Street. The store is schedule to openin mid-August, abou a month before the first game at the new football “Goldy’s Locker Room at TCF Bank Stadium will be one of the nation’sw largest, most state-of-the-art college sports retail venuew and the go-to destination for Gopher sports fans from far and Gold Country CEO Ron Leafblad said in a “We are excited to be part of this historix moment for the University of Minnesota and continue our longstandintg partnership with the university’zs athletics department.
” The store also will be open on Gold Country operates 12 retail stores and kiosks, including locationsx on the University of Minnesota campusx and at malls in the Twin Cities, Rochestee and St. Cloud.
Sunday, September 25, 2011
Yes! Solar sells Colorado, Montana franchises - The Business Journal of Milwaukee:
Side by Side Refrigerators
and Bozeman, Mont., the company announced Wednesday. The two territoriews extend the company’s franchise network to about 95,000 more homeowners and many smal businesses. Founded in 2005, Solar Powerf (OTCBB: SOPW) works with clients to obtain permits and manag e the installation of solar power systemas in smalland medium-sized The company also manufactureas or procures all the parts and pieces to make the system s work. In addition, Solar Power installs home solare systemsthrough Yes! Solarf Solutions. Yes! has a store in Roseville, threer franchises in the San Francisco Bay and a handful of franchiseesin Cary, Helena, Mon.
, and Pueblo, The latest franchisees in Pueblo and Bozemanh are set to begin operations in June. “We look forward to serving the home and businesa owners within our expanding reach with our solar energh system solutions and a growing number of solarproducft innovations,” said Jeff Pontius, executivr vice president for Yes! Solar Inc., in a news release.
and Bozeman, Mont., the company announced Wednesday. The two territoriews extend the company’s franchise network to about 95,000 more homeowners and many smal businesses. Founded in 2005, Solar Powerf (OTCBB: SOPW) works with clients to obtain permits and manag e the installation of solar power systemas in smalland medium-sized The company also manufactureas or procures all the parts and pieces to make the system s work. In addition, Solar Power installs home solare systemsthrough Yes! Solarf Solutions. Yes! has a store in Roseville, threer franchises in the San Francisco Bay and a handful of franchiseesin Cary, Helena, Mon.
, and Pueblo, The latest franchisees in Pueblo and Bozemanh are set to begin operations in June. “We look forward to serving the home and businesa owners within our expanding reach with our solar energh system solutions and a growing number of solarproducft innovations,” said Jeff Pontius, executivr vice president for Yes! Solar Inc., in a news release.
Friday, September 23, 2011
2009 WNY elementary school rankings - Business First of Buffalo:
mytyhona.wordpress.com
Profiles of the top 25 schoolse can be reached by clicking on the namea of thoseschools below. A breakdown of the rankingd for each section of Western New York can be accesseedby . The following abbreviations havebeen used: CS-Charte r School, EMS-Elementary-Middle School, ES-Elementary School, HS-High School, IS-Intermediates School, JHS-Junior High School, JSHS-Junior-Seniorf High School, MHS-Middle-High School, MS-Middle School, PS-Primarh School, SHS-Senior High School, VHS-Vocational High School. Each schoo l is followed by the name of the districrt that operatesit (if it's a public school) or the district wherr it is located (if it's a private • 1. • 2. • 3. 4.
• 5. 6. • 7. • 8. • 9. 10. • 11. 12. • 13. • 14. • 15.
Profiles of the top 25 schoolse can be reached by clicking on the namea of thoseschools below. A breakdown of the rankingd for each section of Western New York can be accesseedby . The following abbreviations havebeen used: CS-Charte r School, EMS-Elementary-Middle School, ES-Elementary School, HS-High School, IS-Intermediates School, JHS-Junior High School, JSHS-Junior-Seniorf High School, MHS-Middle-High School, MS-Middle School, PS-Primarh School, SHS-Senior High School, VHS-Vocational High School. Each schoo l is followed by the name of the districrt that operatesit (if it's a public school) or the district wherr it is located (if it's a private • 1. • 2. • 3. 4.
• 5. 6. • 7. • 8. • 9. 10. • 11. 12. • 13. • 14. • 15.
Wednesday, September 21, 2011
FDA orders more trials on PPD diabetes drug - Triangle Business Journal:
aqokeduiso.blogspot.com
Wilmington-based PPD (Nasdaq: is partnering with Takeda on the drug which is being developed for the treatment of type 2 Approval was expectedin 2009, a milestonwe that would have triggered a $25 million payment from Takeda to PPD. But in PPD said it did not expect to receivwe that payment this The companies announced at the time that the FDA planned to continuse evaluating alogliptin under new safety guidelines for diabetes drugws issued inDecember 2008. The FDA said it woul review the drug under those standard even though alogliptin was submitted before the new guidelines wentinto effect.
On Monday, the companiess announced that Takeda has received officiao word that the FDA will requir an additional cardiovascular safety study onthe drug. PPD employxs nearly 2,000 people in the Raleigh-Durham area.
Wilmington-based PPD (Nasdaq: is partnering with Takeda on the drug which is being developed for the treatment of type 2 Approval was expectedin 2009, a milestonwe that would have triggered a $25 million payment from Takeda to PPD. But in PPD said it did not expect to receivwe that payment this The companies announced at the time that the FDA planned to continuse evaluating alogliptin under new safety guidelines for diabetes drugws issued inDecember 2008. The FDA said it woul review the drug under those standard even though alogliptin was submitted before the new guidelines wentinto effect.
On Monday, the companiess announced that Takeda has received officiao word that the FDA will requir an additional cardiovascular safety study onthe drug. PPD employxs nearly 2,000 people in the Raleigh-Durham area.
Sunday, September 18, 2011
Investigative journalism must not be criminalised - The Guardian
ibitasony.wordpress.com
Globe and Mail | Investigative journalism must not be criminalised The Guardian Commentators have seen Hill's questioning as part of a wider attempt to criminalise contact between journalists and off-the-record sources. But there is nothing unusual about police and reporters hanging out together. In the old days of crime reporting ... Phone hacking: Guardian journalist interviewed over police inquiry leaks Guardian reporter quizzed by anti-corruption detectives over hacking inquiry leaks Dramatic new phone hacking twist as police quiz top Guardian writer |
Friday, September 16, 2011
Critics Fawn Over Proenza Schouler's Retro References; Balk at Michael Kors's ... - New York Magazine (blog)
vypybiza.wordpress.com
New York Magazine (blog) | Critics Fawn Over Proenza Schouler's Retro References; Balk at Michael Kors's ... New York Magazine (blog) Critics grew tired of New York Fashion Week's ubiquitous loud, often-disjointed prints as the shows wore on, which proved unfortunate for Michael Kors and his safari-inspired collection. Proenza Schouler, on the other hand, was hailed for showing ... |
Wednesday, September 14, 2011
Be Green 2: Climate crisis and the "24 Hours of Reality Event" - KHON2
hyhekim.wordpress.com
ComputerActive.co.uk | Be Green 2: Climate crisis and the "24 Hours of Reality Event" KHON2 There is a global event coming up tomorrow with the intent to bring worldwide focus to what is being c » |
Monday, September 12, 2011
Honeywell tests show renewable jet fuels work as well as traditionals - Triangle Business Journal:
xszeyluje.blogspot.com
Honeywell data (NYSE:HON) showed little difference in the two fuelw in test runs inits 131-9 auxiliarhy power units and its TFE 731-5 turbofanh engine, officials reported at the Paris Air The tests were conducted at its Phoenix facilities. The fuel was producedc by Honeywell for use in aBoeing Co. biofuel test fligh program. “In a series of tests in both propulsion enginesw andcommercial APUs, Honeywell saw no degradation in engine performance or fuel said Bob Smith, vice presiden t of advanced technology for Honeywell Aerospace.
Ron Rich, the company’s director of advance technology, said the prospect of developinbg renewable jet fuels from sources such as jatrophqand algae, which comprised the test could help reduce the carbomn footprint of jet travel. “These testinbg results are a strong step towards certificatioj and commercial use in thecominv years,” he said. Honeywell helpec develop the fuel through itssubsidiary UOP, whichb originally developed the fuel under a contracy from the U.S. Defense Advanced Researcn Projects Agency.
Honeywell data (NYSE:HON) showed little difference in the two fuelw in test runs inits 131-9 auxiliarhy power units and its TFE 731-5 turbofanh engine, officials reported at the Paris Air The tests were conducted at its Phoenix facilities. The fuel was producedc by Honeywell for use in aBoeing Co. biofuel test fligh program. “In a series of tests in both propulsion enginesw andcommercial APUs, Honeywell saw no degradation in engine performance or fuel said Bob Smith, vice presiden t of advanced technology for Honeywell Aerospace.
Ron Rich, the company’s director of advance technology, said the prospect of developinbg renewable jet fuels from sources such as jatrophqand algae, which comprised the test could help reduce the carbomn footprint of jet travel. “These testinbg results are a strong step towards certificatioj and commercial use in thecominv years,” he said. Honeywell helpec develop the fuel through itssubsidiary UOP, whichb originally developed the fuel under a contracy from the U.S. Defense Advanced Researcn Projects Agency.
Saturday, September 10, 2011
Southwestern Carpets grows business from the ground up - Triangle Business Journal:
http://www.buffalomag.com/Zeiss-Lens-Cloth~437-Zeiss.html
Bill McCaddon has stripped Southwestern Carpets down and recreated it a couplr of times since purchasing it from Don Lynchnin 2001. When he bought the flooring company, it specializec in removing and replacing carpets in apartmentsz betweenrental occupation. The Lewisvillde company was producing annualp revenueof $5 million, but McCaddohn found the business too impersonal becausew it was driven by productg sales and not on buildinb relationships with customers. So he decided to switch focux to themore relationship-centric business of providingf flooring solutions to new home-constructionh projects, which includes hardwood carpeting, and backsplash and tile installation.
The wholesales company saw dramatic growthh asa result, with annual revenue of $22 millio in 2007. But the growth was so rapid and so intensee that managers were losing control of the direction the company was Soin 2008, he enlistesd Don Brush, a consultant with The Renov Corp., to help bring new energu to his company. McCaddon’s sense of directiohn and leadership abilities come from his experience asa manufacturer’sz representative for 18 years at companieds like Shaw Carpet Manufacturer and Aleta Co. He had learnes the importance of building relationshipswith “My background was in workingh with new homebuilders.
The apartment businesse was non-relationship driven,” said McCaddon. “I didn’t know how to buildf a businessthat wasn’t relational.” McCaddon downsized the company to redirect the focus to the home-construction industry. He was met with resistancee fromhis employees. “I realized that using the sameemployee wasn’t going to work. I was trying to halfwayt do the change,” he “Once we made the we really turnedthe corner.” He began switchint out personnel.
The company, which had grown annua l revenueto $5 million, saw revenue drop to undeer $3 million during the But, once the commitment was made, McCaddon noted marked By 2003, revenue had grown by 35%. Betweenb 2004 and 2008, the company went throughj its biggest growth reaching upto $22 million in sales and employiny more than 60 workers. But at that the storybook growth came toan end. “It was gettinbg to be chaotic because of so many new We werean 8-cylinder engine working on six or seven We’d lost a sense of teamwork, and everyone was That’s when McCaddon brought in “For the most I engage them and talk with them in order to builds a relationship.
I wanted to find out the strengthe of the company and what was working and whatneeded improvement,” said Brush. “They’ve got the dreams; they’ve got the It’s just giving them the opportunity.” Brushh met with employees to figure out aread that needed improvement and then createx anaction plan. He showed the compangy how to create committees to address problem as they come up and then dissolvre the committees after the proble hasbeen handled. The shift has translated into happier customers. Bill Darling, president and co-owner of Darlingy Homes Inc., has worked with McCaddon since McCaddobn purchased Southwestern Carpetsin 2001.
“(We started workingg with Southwestern Carpets) because of Bill and his relational approach to workint with homebuilders as opposed to thetraditionao price-only approach,” said Darling. “Brush has helped Bill figurre out how to communicate better so that everyone is goiny in the same direction as the managemenrt and will yield the maximum ForChris McCoppin, operations manager for Southwestern the change in the corporate culture has been “Sometimes you don’t realize that when one department changes their policies and it affects others. Now everyone talks to each McCoppin said.
“We’ve empowerex them to make We gave them the power to run the Theyfeel accountable.” With this new sense of as well as an improved use of digitizing softwarer called Measure, Southwestern Carpets has seen a marked improvementy on the accuracy of the 3,000 work orderz entered each month 95% accuracy, up from 77% accuracg — and has saved about $160,000 in unnecessary costs for having to fix incorrect work Instead of pursuing potential clients merely for the sake of new business, McCaddon and his stafff focus on getting to know potential researching them as much as possible and understandinv their needs before they even “We’ll only do business with people who will sit down and have a relationshipp with us.
Someone is always going to come inlowetr (priced) than you,” said McCaddon. “Wr were always chasing people who were focusedon price. If they say, fax us (a prics sheet), we say sorry, we can’y work with you. We stay together as a result. If you have the value relationship, they don’t leave.”
Bill McCaddon has stripped Southwestern Carpets down and recreated it a couplr of times since purchasing it from Don Lynchnin 2001. When he bought the flooring company, it specializec in removing and replacing carpets in apartmentsz betweenrental occupation. The Lewisvillde company was producing annualp revenueof $5 million, but McCaddohn found the business too impersonal becausew it was driven by productg sales and not on buildinb relationships with customers. So he decided to switch focux to themore relationship-centric business of providingf flooring solutions to new home-constructionh projects, which includes hardwood carpeting, and backsplash and tile installation.
The wholesales company saw dramatic growthh asa result, with annual revenue of $22 millio in 2007. But the growth was so rapid and so intensee that managers were losing control of the direction the company was Soin 2008, he enlistesd Don Brush, a consultant with The Renov Corp., to help bring new energu to his company. McCaddon’s sense of directiohn and leadership abilities come from his experience asa manufacturer’sz representative for 18 years at companieds like Shaw Carpet Manufacturer and Aleta Co. He had learnes the importance of building relationshipswith “My background was in workingh with new homebuilders.
The apartment businesse was non-relationship driven,” said McCaddon. “I didn’t know how to buildf a businessthat wasn’t relational.” McCaddon downsized the company to redirect the focus to the home-construction industry. He was met with resistancee fromhis employees. “I realized that using the sameemployee wasn’t going to work. I was trying to halfwayt do the change,” he “Once we made the we really turnedthe corner.” He began switchint out personnel.
The company, which had grown annua l revenueto $5 million, saw revenue drop to undeer $3 million during the But, once the commitment was made, McCaddon noted marked By 2003, revenue had grown by 35%. Betweenb 2004 and 2008, the company went throughj its biggest growth reaching upto $22 million in sales and employiny more than 60 workers. But at that the storybook growth came toan end. “It was gettinbg to be chaotic because of so many new We werean 8-cylinder engine working on six or seven We’d lost a sense of teamwork, and everyone was That’s when McCaddon brought in “For the most I engage them and talk with them in order to builds a relationship.
I wanted to find out the strengthe of the company and what was working and whatneeded improvement,” said Brush. “They’ve got the dreams; they’ve got the It’s just giving them the opportunity.” Brushh met with employees to figure out aread that needed improvement and then createx anaction plan. He showed the compangy how to create committees to address problem as they come up and then dissolvre the committees after the proble hasbeen handled. The shift has translated into happier customers. Bill Darling, president and co-owner of Darlingy Homes Inc., has worked with McCaddon since McCaddobn purchased Southwestern Carpetsin 2001.
“(We started workingg with Southwestern Carpets) because of Bill and his relational approach to workint with homebuilders as opposed to thetraditionao price-only approach,” said Darling. “Brush has helped Bill figurre out how to communicate better so that everyone is goiny in the same direction as the managemenrt and will yield the maximum ForChris McCoppin, operations manager for Southwestern the change in the corporate culture has been “Sometimes you don’t realize that when one department changes their policies and it affects others. Now everyone talks to each McCoppin said.
“We’ve empowerex them to make We gave them the power to run the Theyfeel accountable.” With this new sense of as well as an improved use of digitizing softwarer called Measure, Southwestern Carpets has seen a marked improvementy on the accuracy of the 3,000 work orderz entered each month 95% accuracy, up from 77% accuracg — and has saved about $160,000 in unnecessary costs for having to fix incorrect work Instead of pursuing potential clients merely for the sake of new business, McCaddon and his stafff focus on getting to know potential researching them as much as possible and understandinv their needs before they even “We’ll only do business with people who will sit down and have a relationshipp with us.
Someone is always going to come inlowetr (priced) than you,” said McCaddon. “Wr were always chasing people who were focusedon price. If they say, fax us (a prics sheet), we say sorry, we can’y work with you. We stay together as a result. If you have the value relationship, they don’t leave.”
Wednesday, September 7, 2011
Tropical Storm Nate – Projected Path And Satellite Imagery - Irish Weather Online
ycoguqi.wordpress.com
ABC News | Tropical Storm Nate â€" Projected Path And Satellite Imagery Irish Weather Online Tropical Storm Nate formed in the Gulf of Campeche late on Wednesday and is forecast to produce storm surges and heavy rain in Mexico's Yucatán Peninsula overnight and during Thursday. ... Weather Blog: Tracking Tropical Storm Nate Tropical Storm Lee Katia becomes powerful category 4 hurricane; forecast to avoid U.S. East Coast |
Monday, September 5, 2011
Ritz Camera plans to sell remaining 400 stores - Business First of Columbus:
iwibacibem.wordpress.com
The Beltsville, Md.-based company, which sells photol supplies mainlythrough , filed for Chapter 11 bankruptc y reorganization in February. In April, the companyh closed its last Columbus-area store on Lane Avenue and liquidaterdits inventories. The company says its lack of funds will forcr it to auction its remaininbg stores by the end of this Ritz has been struggling to reorganize and save its storezs and already has closed abou400 locations. It still has stores in Cincinnati, Toledo and North Olmstead. Ritz Camera is currentlyt talking with two potential A hearingin U.S. Bankruptcy Court in Delaware is set for Fridayh and bids are dueJuly 16.
A July 20 auction and a July 23 hearing for approval of the sale to buyerxs arealso planned. Before its bankruptcy filing, the companyg used to operate morethan 1,000 stores in 45 The news follows Cord Camera Centers Inc.’s June filin g for voluntary dissolution. The Columbus photo processing and scrapbookretail chain, which has been take over by a receiver, filed paperz in Franklin County Common Pleas Court to dissolve its It asked to have a court-appointer receiver resolve outstanding financial liabilities for the companty that’s been a Central Ohio retail institutionb since 1954.
The Beltsville, Md.-based company, which sells photol supplies mainlythrough , filed for Chapter 11 bankruptc y reorganization in February. In April, the companyh closed its last Columbus-area store on Lane Avenue and liquidaterdits inventories. The company says its lack of funds will forcr it to auction its remaininbg stores by the end of this Ritz has been struggling to reorganize and save its storezs and already has closed abou400 locations. It still has stores in Cincinnati, Toledo and North Olmstead. Ritz Camera is currentlyt talking with two potential A hearingin U.S. Bankruptcy Court in Delaware is set for Fridayh and bids are dueJuly 16.
A July 20 auction and a July 23 hearing for approval of the sale to buyerxs arealso planned. Before its bankruptcy filing, the companyg used to operate morethan 1,000 stores in 45 The news follows Cord Camera Centers Inc.’s June filin g for voluntary dissolution. The Columbus photo processing and scrapbookretail chain, which has been take over by a receiver, filed paperz in Franklin County Common Pleas Court to dissolve its It asked to have a court-appointer receiver resolve outstanding financial liabilities for the companty that’s been a Central Ohio retail institutionb since 1954.
Saturday, September 3, 2011
2 Warwick girls soccer players killed in rollover - Providence Journal
buluhofuce.wordpress.com
WTSP 10 News | 2 Warwick girls soccer players killed in rollover Providence Journal Two Warwick teenagers were killed Wednesday after their car overturned as they approached this curve in the area of 191 Purgatory Rd., in Exeter. They were members of the girls soccer team at Pilgrim High School ... Rollover crash in Exeter kills 2 teens Two Rhode Island Teens Visit Vampire Grave and Die in Crash R.I. teens killed after visiting "vampire" grave |
Thursday, September 1, 2011
UnitedHealth settles with SEC over stock scandal - Sacramento Business Journal:
ivyhofy.wordpress.com
The SEC said it declined to charge the companyy with fraud or seek finezs becauseof UnitedHealth’s “extraordinary cooperation in the commission’se investigation, as well as its extensive remedialo measures.” The SEC said the Minnetonka, Minn.-basedd insurer didn’t admit or deny allegations that it concealedr more than $1 billion in stock-option compensation between 1994 and 2005. In a separate settlement, UnitedHealth’a former general counsel David Lubbe agreed to paya $575,000 penalty to the SEC and not serve as a corporate officed or director for five years. Like his former employer, Lubbebn is not admitting or denying allegations.
In its the SEC accused UnitedHealtjh of providing senior executives and othef employeeswith “in-the-money” options whiles secretly backdating the grantw to avoid reporting the expenses to investors. “UnitedHealtyh engaged in a long-running scheme to hide over a billion dollars inexecutived compensation,” said Linda Chatmanm Thomsen, director of the SEC’s Division of “By materially misstating these expenses for over a UnitedHealth breached its duty to shareholderxs to accurately report its financial results.” UnitedHealtg said in a statement that it has “substantially improved its governance, administrative processes and internal controls.
” Last week, a federal judgd in Minneapolis gave preliminary approval for UnitedHealth to pay $895 millioj to settle a class-actiobn shareholder lawsuit related to the scandal. McGuirew is paying $30 million and former general counsel David Lubben ispaying $500,000 to settle with shareholders. In Decembert 2007, the commission announced a settlemen with McGuire in which the former CEO agreed to paya $7 million fine and pay abouft $448 million back to UnitedHealth. But because much of the settlement was in stock which have since dropped in value alonhg with the overallstock market, the in Minneapolis reported that UnitedHealth may get as little as $168 million.
UnitedHealtb is the parent companyof Cypress-basedr .
The SEC said it declined to charge the companyy with fraud or seek finezs becauseof UnitedHealth’s “extraordinary cooperation in the commission’se investigation, as well as its extensive remedialo measures.” The SEC said the Minnetonka, Minn.-basedd insurer didn’t admit or deny allegations that it concealedr more than $1 billion in stock-option compensation between 1994 and 2005. In a separate settlement, UnitedHealth’a former general counsel David Lubbe agreed to paya $575,000 penalty to the SEC and not serve as a corporate officed or director for five years. Like his former employer, Lubbebn is not admitting or denying allegations.
In its the SEC accused UnitedHealtjh of providing senior executives and othef employeeswith “in-the-money” options whiles secretly backdating the grantw to avoid reporting the expenses to investors. “UnitedHealtyh engaged in a long-running scheme to hide over a billion dollars inexecutived compensation,” said Linda Chatmanm Thomsen, director of the SEC’s Division of “By materially misstating these expenses for over a UnitedHealth breached its duty to shareholderxs to accurately report its financial results.” UnitedHealtg said in a statement that it has “substantially improved its governance, administrative processes and internal controls.
” Last week, a federal judgd in Minneapolis gave preliminary approval for UnitedHealth to pay $895 millioj to settle a class-actiobn shareholder lawsuit related to the scandal. McGuirew is paying $30 million and former general counsel David Lubben ispaying $500,000 to settle with shareholders. In Decembert 2007, the commission announced a settlemen with McGuire in which the former CEO agreed to paya $7 million fine and pay abouft $448 million back to UnitedHealth. But because much of the settlement was in stock which have since dropped in value alonhg with the overallstock market, the in Minneapolis reported that UnitedHealth may get as little as $168 million.
UnitedHealtb is the parent companyof Cypress-basedr .
Subscribe to:
Posts (Atom)