Archive for December, 2009
Settlement in AMA Lawsuit against UnitedHealth Gets Preliminary
by admin on Dec.30, 2009, under Uncategorized
0 Comments | U.S. Newswire, Dec 3, 2009
To: NATIONAL EDITORS
Contact: Robert J. Mills of the American Medical Association, 1- 312-464-5970
CHICAGO, Dec. 3 /PRNewswire-USNewswire/ — The American Medical Association (AMA) announced today that the United States District Court for the Southern District of New York has granted preliminary approval of the previously disclosed $350 million settlement that would resolve a class-action lawsuit against UnitedHealth Group
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Advance Auto Parts Announces Title Sponsorship of Monster Jam®
by admin on Dec.29, 2009, under Uncategorized
Business Wire, Dec 03, 2009
Advance Also Announces Primary Sponsorship of New Monster Truck,
Grinder, with Driver Lupe Soza
ROANOKE, Va. — Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive
aftermarket retailer of batteries, brakes, parts, accessories, and
maintenance items, announced today that the Company will become the
title sponsor of Monster Jam in a multiyear relationship. Advance Auto
Parts and Monster Jam have a long-standing relationship dating back to
1997 in Florida. Advance Auto Parts began its national partnership with
Monster Jam in 2004 and became the Official Auto Parts Retailer? of all
Monster Jam events in the United States, while holding that designation
until this transition to the title sponsorship.
In addition to the series becoming the Advance Auto Parts Monster
Jam, Advance is also becoming the primary sponsor of a brand new monster
truck, Grinder, which will be driven by Lupe Soza, the 2004
Monster Jam World Finals Freestyle Champion. Previously, Soza
drove El Toro Loco, of which Advance was an associate sponsor. He has
been racing for 23 years, with the last eight of those years being in
Monster Jam. The Advance Auto Parts Grinder Race Team, piloted by Soza,
will make its Monster Jam debut at the Minneapolis Metrodome this
Saturday, December 5.
Feld Motor Sports promotes and produces over 125 Monster Jam events
and 325 performances per year with over 4 million event attendees
worldwide and has a national television presence on the SPEED Channel
and CBS Sports. Feld Motor Sports is a customer-focused company that
aligns well with the core values and culture of Advance Auto Parts.
Monster Jam is committed to enhancing and bringing greater value to the
fan experience for each event. Prior to the start of Monster Jam live
performances, the drivers and monster trucks are accessible to the fans,
who can receive autographs and have photos taken next to the 10,000
pound machines. In every community where Monster Jam events are held,
heroes such as military personnel are recognized for their hard work, in
front of thousands of people.
More importantly and as a result of this relationship, Advance and
Monster Jam will be incorporating even greater support for the Juvenile
Diabetes Research Foundation at select events, through a variety of
special events designed to raise funds to crush? juvenile diabetes.
Since 1994, Advance Auto Parts has raised more than $20 million for JDRF
and is one of that organizations largest corporate supporters.
As we have previously announced, our marketing and advertising
efforts will continue to be primarily focused on building our DIY
business with traffic-driving programs and supporting the growth of our
Commercial business, and we feel that Monster Jam is a perfect fit for
our strategies,? said Greg Johnson, Senior Vice President, General
Manager – DIY and Chief Marketing Officer. Monster Jams tour
footprint aligns very well with Advances retail footprint across the
nation. We are also excited to partner with Lupe as he takes the
wheel of the Advance Auto Parts Grinder Monster Truck. He is an
endearing person with a positive attitude and a great driver as well.
Similar to our Team Members, Lupe knows how important it can be to go
above and beyond and put extra effort in to everything that he does
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Get Cheap Car Insurance Free Interesting Roadmap
by admin on Dec.27, 2009, under Uncategorized
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If you are unable to obtain a car loan through a traditional or online lender, or through one of the major motor company’s credit department, you are left with a few options. If you own your home, you can take out a 293 to pay for your car.
The major driving faults that you have made in the past in now haunting you seriously because you now find yourself unable to get descent comprehensive car insurance comparison deals on car insurance.
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For people who own older cars, it may not be necessary or cost-effective to protect them with collision and comprehensive coverage.
Where you live may affect what you pay for automobile insurance. Driving to work everyday, especially if it’s a long commute, does not only mean extra gas and wear and tear on your vehicle but also the possibility of a higher insurance premium.
Almost ninety five percent of people living in the US drive cars. Most own their own cars and sometimes they even have one car for every member of the house
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Medipattern and PenRad to Install 1st B-CAD(R) PenLink(TM) At Zwanger-Pesiri Radiology
by admin on Dec.18, 2009, under Uncategorized
Market Wire, December, 2009
Attention: Business/Financial Editors
The Medipattern Corporation (“Medipattern”) (TSX VENTURE: MKI), a pioneer in the development of medical software solutions that help improve imaging workflow and productivity, and PenRad Technologies, Inc. (“PenRad”), a leader in the development of mammography information systems (MIS) are pleased to announce the first installation of the new PenLink connectivity package at Zwanger-Pesiri Radiology, Long Island’s largest private medical imaging practice. This PenLink installation will be the first center in the world to integrate the benefits of automated ultrasound reporting from B-CAD with the PenRad comprehensive MIS required to maintain state of the art quality control for Breast Imaging. Medipattern announced their collaboration with PenRad in a press release dated November 26, 2009. The first products resulting from the collaboration are PenLink and PenView. PenLink reads the information from the B-CAD breast ultrasound report and automatically enters the CAD results into PenRad Technologies’ PenRad(TM) Reporting System, dramatically improving clinical and reporting workflow.
“Having B-CAD directly feed PenRad is a phenomenal jump in productivity and simplifies workflow. The CAD results are automatically populated directly into the radiologist report. The radiologist can then review images, CAD findings, edit and document the case,” commented Steven Mendelsohn, MD medical director and co-owner of Zwanger-Pesiri. “This saves time on every breast ultrasound exam, while increasing consistency and accuracy with B-CAD.”
Zwanger-Pesiri provides state of the art services to the communities of Nassau and Suffolk Counties in New York in eight locations. Zwanger-Pesiri was founded in 1953 with the purpose of providing referring physicians and patients on Long Island with modern medical diagnostics. The practice was the first in the area to offer specialized imaging with a 3 Tesla MRI, first with 128 slice CT following on in the tradition of providing leading edge, innovative medicine to better care for the community.
“This is the first of a series of products designed to combine the power of CAD with broad based MIS clinical reporting. All of these products define a new level of integration that is made possible through our collaborative agreement,” added Jeff Collins, President and CEO of The Medipattern Corporation. “We are pleased that our efforts with PenRad have generated an immediate response. We would also like to congratulate our reseller Amy Eriksen of Physicians Consultant Medical Sales of New York for facilitating this transaction.”
About PenRad Technologies, Inc.:
PenRad is a provider of mammography information solutions (MIS) including a wide array of products from the flagship PenRad reporting system product to PenScan, PenProfiler, PenFetch, PenConnect, PenTrac and PenView
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VW says it acquires 49.9% stake in Porsche
by admin on Dec.17, 2009, under Uncategorized
0 Comments | AFP, December, 2009
FRANKFURT (AFP) German auto maker Volkswagen announced Monday that it had acquired a 49.9-percent stake in luxury sports car-maker Porsche for 3.9 billion euros (5.8 billion dollars).
Last week, Volkswagen shareholders overwhelmingly approved a capital increase aimed at financing the purchase. The vote will allow Volkswagen to raise about 8.0 billion euros by 2014.
Europe’s biggest auto maker plans to complete the takeover of Porsche by 2011 and wants to eclipse Toyota, the world auto leader, by 2018.
Volkswagen predicted that the acquisition of Porsche would mean an annual increase in operating earnings of around 700 million euros.
The acquisition, which caps months of tension between the two groups, is for both of them a return to their roots, as Porsche…
Video: Frederick’s of Hollywood ‘Goddess-Worthy’ Gift Guide
by admin on Dec.17, 2009, under Uncategorized
PR Newswire, Dec 1, 2009
Lingerie Experts Give the Sexy Scoop on Four Glam Gifts Under $40!
HOLLYWOOD, Calif., Dec. 1 /PRNewswire/ — There’s a goddess in all of us and this year insiders from Frederick’s of Hollywood are giving exclusive tips on gifts under $40! From classic to daring, sexy to sweet, Frederick’s lingerie experts have the perfect Holiday finds for everyone on your list!
To view the Multimedia News Release, go to: http://multivu.prnewswire.com/mnr/fredericks/41374/
(Photo: http://www.newscom.com/cgi-bin/prnh/20091201/NY18468 )
Frederick’s of Hollywood Designer: Zebra is the Hot Animal Print this Holiday Season
The trendy animal print of choice this holiday season is definitely zebra! A zebra print plush robe ($39) embellished with Bombshell Pink trim is the perfect idea for a girl who loves color and pattern. I like to pair it with a Satin PJ set for a complete look.
Frederick’s of Hollywood Associate Buyer: Sexy Satin is Classic
EVERY girl loves something soft on her skin and a Satin PJ set ($39) is a classic style. The tap pant, part of the three-piece set, is a good way to update the look and makes it sexier. For a sexy, bold statement I think “Frederick’s Red” is a great color choice.
Frederick’s of Hollywood Senior Buyer: Lingerie Lovers LOVE Matching Sets
Matching sets create a full, sexy look from head toe. My favorite is the retro inspired Pin-Up Chic set ($40). Pops of Bombshell Pink, a nice alternative to red, make it sassy, sexy and wearable beyond the holiday season.
Frederick’s of Hollywood Creative Director: Sexy Stocking Stuffers Are a MUST!
Boy shorts are fun and flirty, plus they make great stocking stuffers. The “Ellie” (4 for $25) is an ideal style choice for an array of body types and brightens up the stocking by adding colors and patterns.
Frederick’s of Hollywood Group Inc. (NYSE Amex: FOH) conducts its business through two operating divisions: the multi-channel retail division and the wholesale division
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Pakistani artists find inspiration in turmoil
by admin on Dec.17, 2009, under Uncategorized
0 Comments | AFP, December, 2009
LAHORE, Pakistan (AFP) Pakistani artist Rashid Rana wants us to look at his country and see the Islamic conservatism, fervent patriotism, postcard mountain landscapes. And then he wants us to stop and look again.
A massive canvas depicting an oriental rug is on closer inspection made from tiny photos of carnage at an abattoir; panels of veiled women are composite stills from pornographic films; tiny soldiers run amok over a pastoral scene.
His work tackles contradictions — a theme popular among modern artists grappling with national identity — but since the September 11 attacks in New York flung Pakistan into the world spotlight, people are paying attention.
“I think that one reaction was to become wary of the Muslim world. But that also makes them curious. My…
North American Steel Industry Continues Aggressive Efforts to Help
by admin on Dec.17, 2009, under Uncategorized
0 Comments | U.S. Newswire, Dec 1, 2009
To: ENVIRONMENTAL EDITORS
Contact: Ron Krupitzer, 1-248-945-4761, krupitzerr@autosteel.org or Deanna Lorincz, 1-248-945-4763, lorinczd@autosteel.org
DETROIT, Dec. 1 /PRNewswire/ — The North American steel industry is continuing its efforts to develop new advanced high-strength steel (AHSS) technologies that will help meet new emissions and fuel economy demands, according to Ron Krupitzer, vice president of automotive applications for AISI’s Steel Market Development Institute (SMDI). Krupitzer spoke at the Bloomberg Cars and Fuels Briefing today at the Hammer Museum in Los Angeles.
“New steels are the preferred environmental material of choice when it comes to lowering emissions, fuel consumption and energy intensity of vehicles,” said Krupitzer. “In fact, new steels have enabled mass reductions in vehicles of 25 percent or more, while advances in steelmaking technology have lowered the energy required to produce steel by 33 percent from 1990 through 2007.”
The Bloomberg Cars and Fuels Briefing is a one-day event attended by investors, policy makers, business leaders, entrepreneurs and scientists in the transportation and energy fields. In addition to a number of presentations moderated by noted Bloomberg journalists, the event encourages interaction with some of the industry’s most influential thinkers and leaders.
According to Krupitzer, when one considers the total vehicle life cycle, steel is the most environmentally effective choice for automakers because of its three-fold benefits: relatively low energy and emissions during the manufacturing phase; significant mass reduction with AHSS during the driving phase; and 100 percent recyclability at the end of the vehicle’s life.
Life Cycle Assessment (LCA) assists automakers in evaluating and reducing the total energy and greenhouse gas emissions associated with their products. LCA can help carmakers make better decisions in the selection of structural materials for future cars and trucks.
Krupitzer also discussed the steel industry’s extensive history of research in advanced steel vehicle concepts, including UltraLight Steel Auto Body (ULSAB) and Auto/Steel Partnership projects. He also gave examples of vehicles on the road making good use of AHSS and reported that these grades have become the fastest growing materials in today’s new vehicles.
Through the work of automakers and steel company engineers, steel continues to address new demands and remains the dominant automotive material, making up 60 percent of the average North American vehicle.
“Our latest design project with WorldAutoSteel and EDAG is called Future Steel Vehicleand addresses the technologies projected to be on the road in 2020,” said Krupitzer. “Through this project, fully engineered, steel-intensive designs of battery-electric and plug-in hybrid-electric vehicles will be released in early 2011 to demonstrate the environmental benefits of steel.”
To download a copy of Krupitzer’s presentation, visit www.autosteel.org.
AISI serves as the voice of the North American steel industry in the public policy arena and through its business unit, SMDI, conducts research with its member companies in partnership with its customers to advance the use of steel in the marketplace.
The Automotive Applications Council is a part of AISI’s Steel Market Development Institute. The council focuses on advancing the use of steel in the highly competitive automotive market
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Hecla Declares Payment of Preferred Stock Dividends in Arrears and Current Preferred Dividends
by admin on Dec.16, 2009, under Uncategorized
Business Wire, Dec 01, 2009
COEUR DALENE, Idaho — (HL:NYSE)
Hecla Mining Company today announced that its Board of Directors has
elected to declare and pay all dividends in arrears and the next
scheduled quarterly dividend for each of its outstanding series of
preferred stock. In each case, the dividend will be payable January 4,
2010, to shareholders of record on December 15, 2009.
The Hecla Series B Cumulative Convertible Preferred Stock will be paid
in cash for the dividends in arrears of $3.50 per share and the regular
quarterly dividend of $0.875 per share. There are 157,816 shares of
Series B outstanding.
For Heclas 6.5% Mandatory Convertible Preferred Stock, the dividends in
arrears of $6.50 per share and the regularly quarterly dividend of
$1.625 per share will be paid in shares of common stock of Hecla, as
permitted by the Certificate of Designations. Hecla is paying the
dividend in common shares to preserve cash for its exploration and
development programs. There are 2,012,500 shares of Mandatory
Convertible Preferred Stock outstanding.
The value of the shares of common stock issued as dividends will be
calculated at 97% of the average of the closing prices of Heclas common
stock over the five consecutive trading day period ending on the second
trading day immediately preceding the dividend payment date
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The Hanover Expands Its Commercial Capabilities Through Renewal Rights Arrangement With OneBeacon
by admin on Dec.16, 2009, under Uncategorized
PR Newswire, Dec 3, 2009
– Company Acquires Access to $400 million in Commercial Lines Premium – Improves Small Commercial and Middle Market Product Capabilities – Expects to Form New or Deeper Relationships With as Many as 500 Winning Independent Agents -Significant Impact in Western Expansion States
WORCESTER, Mass., Dec. 3 /PRNewswire-FirstCall/ — The Hanover Insurance Group, Inc. announced today that it has entered into a renewal rights agreement with OneBeacon Insurance Group , further strengthening The Hanover’s competitive position and advancing its expansion efforts in western states.
(Logo: http://www.newscom.com/cgi-bin/prnh/20051031/NEM023LOGO )
Through the agreement, The Hanover expects to acquire access to as much as $400 million in OneBeacon small and middle market commercial business at renewal, including industry programs and middle market niches. At the same time, the transaction will expand The Hanover’s segment, niche and industry program business, adding nearly 20 well established programs to its already strong portfolio. The agreement is effective for renewals beginning January 1, 2010.
“This transaction greatly strengthens our company and further demonstrates our commitment to be the best partner for winning independent agents,” said Frederick H. Eppinger, chief executive officer of The Hanover Insurance Group. “In particular, it will significantly accelerate our product segmentation and development in the small and middle market business, create more opportunities with select winning agents, add a significant number of talented professionals to our team, and build on the momentum we have established over the past several years.”
Acquiring Scale, Product Capabilities
In announcing the renewal rights arrangement with OneBeacon, the company said it would acquire additional scale in its core commercial lines, along with distinctive product and service capabilities.
“The additional scale will enable us to leverage the investments we make in people, products and services across a larger premium base,” Eppinger said, “while the acquisition of OneBeacon product and service capabilities will enable us to offer the best of what both companies have to our agent partners and their customers. Consequently, our agent partners will be able to address more of their customer needs and to capitalize on additional growth opportunities.”
In small commercial, the company plans to augment its own robust product offerings with OneBeacon capabilities, rolling out product enhancements across more than a dozen programs, including apartments, contractors, manufacturers, restaurants, retail, human services, technology and others.
In the middle market, the company will offer new coverages in several segments, including brewers, cultural institutions, food industries, media, printers, retail, and professional services. It also plans to make enhancements in several others, including real estate, wholesalers, metal workers and plastics.
Building Market Presence, Field Capability
The company also said the transaction will enable it to build its market presence and field capability, especially in its western expansion and other growth states.
In all, the company expects to form new partnerships with approximately 200 winning independent agents and to write additional business with another 300 independent agents who currently represent both companies in the small and middle markets. It also expects to hire approximately 100 OneBeacon employees, strengthening its field and field support teams, while ensuring a smooth conversion of the renewal business.
“We have been very thoughtful about where we will pursue new agency appointments and deeper partnerships, as well as where we will take advantage of opportunities to hire some very committed and talented people,” Eppinger said. “As always, we are committed to making appointments and hiring insurance professionals on a selective basis, in ways that make our company and our relationships with our agent partners even stronger.”
Advancing Its Expansion in Western States
Earlier this week, The Hanover announced that it has significantly advanced its efforts to expand in the West. The company plans to begin writing business January 1 in Arizona, California, Colorado, New Mexico, Oregon, Utah and Washington.
“We are very excited about the progress we have made in the West, and about the potential for this renewal rights arrangement to accelerate our growth plans there,” said Eppinger
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