| Capital One moves facility out of parish
Capital One will not be building a check processing plant in Hammond, and the Hammond Area Economic and Industrial Development District is seeking compensation for services provided.The nationwide credit card and banking company instead has chosen to move its check processing facilities to an already existing structure in Denham Springs.HAEIDD is seeking $148,484 for legal fees, site costs and economical impact analysis services provided during the planning stages of the facility. The two entities had an agreement that Capital One would reimburse HAEIDD for expenses if the deal defaulted.The new structure would have been located in the Hammond Business Park located at the Airport Road exit of Interstate 12. The check processing facility would have created 80 permanent jobs for the North Shore area in a $5.2 million facility.
Verticalnet Reports Financial Results for the Third Quarter of 2007
Verticalnet, Inc. (Nasdaq:VERT), a leading provider of on-demand supply management solutions, today announced results for its third quarter ended September 30, 2007. Revenues for the quarter ended September 30, 2007 were $3.0 million, as compared to $4.2 million for the quarter ended September 30, 2006. Verticalnet's net loss applicable to common shareholders for the quarter ended September 30, 2007 was $1.6 million, or ($0.99) per share as compared to a net loss applicable to common shareholders of $3.4 million, or ($3.36) per share, for the quarter ended September 30, 2006. Adjusted net loss from operations(a) for the quarter ended September 30, 2007 was $1.9 million, or ($1.17) per share as compared to an adjusted net loss from operations(a) of $1.7 million, or ($1.64) per share, for the quarter ended September 30, 2006.
(AFX UK Focus) 2007-11-20 23:42 GMT: H&R Block boss resigns as chairman, CEO
KANSAS CITY, Mo. (AP) - Mark Ernst has resigned as chairman, president and chief executive of H&R Block Inc., the tax preparation and accounting services company that is reeling from its foray into the collapsing subprime mortgage business. The company said Tuesday that Ernst's replacement as chairman is Richard Breeden, the former head of the Securities and Exchange Commission, who led a dissident shareholder group that won three seats on the H&R Block board. A retired Aetna Inc. chief financial officer, Alan Bennett, was named interim CEO while H&R Block looks for a permanent replacement. Breeden has criticized the company's diversification into mortgage lending, investment advising and banking, saying it had robbed momentum from its core tax preparation and accounting services business.
Christmas booklist: Bring the joy of church health
Editor's Note: Church Central reviews new books on church health, consulting and leadership each year to keep you informed about new, or tried and tested, ways to improve church health. We have compiled a summary of our reviews here to make it easy for you to slip a hint to a gift-giving friend this Christmas. And if you have your own giving to do, these are sure hits for the church leaders or consultants on your list. "Change Your Church for Good," Brad Powell (Thomas Nelson, February, 2007) Powell makes a compelling case for changing churches in decline. He looks at successful transitions and discusses his own change efforts�including failures. Powell offers no secret formulas, steps or plans. Instead, he returns to the words of Christ and church history to remind leaders of their calling and direction for ministry.
European govt bonds higher on stock market weakness, liquidity concerns
LONDON (Thomson Financial) - European government bonds remained higher as stock markets around the world fell lower on continued fears over financial write-downs and liquidity concerns. Equity markets continue to dominate investors' risk appetite, with any drop immediately boosting government debt prices. "Spill-over effects from the subprime crisis, the credit crunch and worries about economic downturn are beginning to play on consumer confidence," said David Brown at Bear Stearns. Whereas central banks continue to stress the risks of higher inflation, short-term interbank lending has dried up once again, posing renewed liquidity problems to the financial sector. Brown said this is filtering through to the rest of the economy, putting pressure on not only business confidence, but consumers as well ahead of the Christmas season.
Exinda Networks Controls Broad Range of Recreational Internet Traffic Slipping Past Corporate Firewalls: Exinda's New ...
Exinda Networks today announced an enhancement to its WAN optimization appliances that helps control a broad range of recreational Internet traffic, such as instant messaging, gaming and downloading files for entertainment, that significantly slows business applications on corporate networks. Exinda's new feature detects and blocks or slows recreational Internet traffic, called encrypted peer-to-peer traffic, that cleverly slips past corporate firewalls, ensuring that business applications are not negatively impacted. Exinda is the only WAN optimization vendor that can detect, classify and control more than 1,000 applications which includes encrypted peer-to-peer traffic. .
IMF Completes Fifth Review Under the Poverty Reduction and Growth Facility with Niger and Approves US$1.5 Million ...
The Executive Board of the International Monetary Fund (IMF) today completed the fifth review of Niger's economic performance under a three-year Poverty Reduction and Growth Facility (PRGF) arrangement. The completion of the review enables the release of an amount equivalent to SDR 940,000 (about US$1.5 million), bringing total disbursements under the arrangement to SDR 25.38 million (about US$40.4 million). In completing the review, the Executive Board approved Niger's request for a waiver for the nonobservance of a continuous structural performance criterion on the application of the flexible pricing mechanism for petroleum products. The Board also approved Niger's requests for the modification of the quantitative performance criterion for end-December on domestic financing of the government, the modification of the structural performance criterion on the application of a flexible mechanism for petroleum pricing, and the elimination of the structural performance criterion for end-December on the adoption of a decree defining the modalities for reimbursing the frozen postal savings accounts of the former National Postal Savings Office over a two-year period.
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MORE jobs are being axed by AstraZeneca – plunging employees at the Macclesfield site into fresh doubts about their future. The pharmaceuticals giant is to shed a number of staff from its global marketing department worldwide, although the exact figure is not yet known. Although no decision has yet been made about where jobs will go, the drug company's Hurdsfield site has a sales and marketing department, which places town workers under threat. A spokesman said: "AstraZeneca's global marketing organisation has announced proposals to restructure the scale and scope of its operations. "These proposals envisage a reduction in the overall size and headcount of the organisation. "The current headcount for the global marketing organisation is around 430 full time employees.
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