Several groups seek to purchase Saturn auto brand

Thursday, May 7, 2009

Penske Automotive Group, Inc., an Ohio-based investment group and Telesto Ventures have indicated separately that they are interested in purchasing the Saturn auto brand from General Motors (GM).

According to The Wall Street Journal, Nissan-Renault is interested in purchasing Saturn. Bloomberg, however, indicated that Nissan-Renault may be a partner of Penske’s potential bid. If Penske acquired the brand, they would distribute Saturn vehicles and outsource the assembly.

GM revealed that the Saturn brand along with Saab and Hummer were up for sale when unveiling their restructuring plans to Congress for governmental loans. While the Pontiac brand was originally to be a niche brand, GM had changed their plans recently and decided to eliminate the brand.

Telesto Ventures is an investment group that includes private equity firm Black Oak Partners LLC of Oklahoma City and several Saturn dealerships. Initially, Telesto will purchase Saturn branded cars from GM then act as a general retailer for foreign brands. Telesto is in talks with several foreign manufacturers.

The Ohio group includes many former senior auto company managers plus private financial backers, chemists and engineers who live in Michigan, Ohio, Indiana and Florida. This group plans to initially purchase cars from GM then purchase existing but closed plants due to automaker restructuring. Additionally, one of the partners indicated a willingness to accept some “legacy” cost in relation to the United Auto Workers. The Ohio group is also pursuing possible loans or other support from national and state governments.

GM is reviewing several offers for Saturn. GM has contracted with S.J. Girsky & Co. to advise them on the sale.

Thursday, August 25, 2005

Visual Arts Brampton has announced the winners of its Second Annual Snail Mail World Postcard Art Show. Currently on display in the Fridge Front Gallery in Shoppers World, The Snail Mail Show features well over 350 entries from 14 countries around the world. This is up from the previous year’s approximately 300 from 6 countries.

Shown in the exhibit is original works from Australia, Belgium, Canada, France, Germany, Italy, Japan, Malaysia, the United Kingdom, the United States, and Yugoslavia.

Juror Alicia Mitchell BA viewed the show on August 18 to make her selections from the entries received.

Surprisingly, in the process of identifying her choices for each award, Mitcell ended up awarding two sets of relatives. Sarah Baptist won the Juror’s Choice Award for Purple, while Ann Baptist won Best Photography for Tires. Nicholas Moreau won Best Snail Art for Albert Einsnail, while his mother Janice Moreau won for Best Use of Medium for Bird Days of Summer.

Best of Theme (Remember) went to Beek’s Remembrance of My Father. Brampton Guardian Arts editor Tina Depko awarded the Media Award to child entrant Jessica Taylor’s Cat love. Toni DiSano of Ballwin, Montana won Best Fabric Art/Sculpture/Installation for her fabric art piece “Vortex”.

Honourable mentions this year were:

• Judith Bush’s photograph/mixed media “Los Baños & Surrounds” or “Altered Landscape/Last Vestiges” (Mountain View, California, USA)
• Betty Jean Evans’ watercolour “Snowy Afternoon” (Brampton, Ontario, Canada)
• Julie Fina’s painting “Mona + Jeanne” (Brampton, Ontario, Canada)
• Aaron Goulborn’s cartoon “The Classics play a classic” (Brampton, Ontario, Canada)
• Lee’s “Brampton” (Brampton, Ontario, Canada)
• Paulina Su’s scratchboard “Type of Wading Bird” (Brampton, Ontario, Canada)
• Gina Turner’s vector art “Who are you looking at?” (Pefferlaw, Ontario, Canada)

A complete list is available on The Snail Mail Show’s website.

Monday, March 20, 2006

Fears of contaminated bone and skin grafts are being felt by unsuspecting patients following the revelation that funeral homes may have been looting corpses.

Janet Evans of Marion Ohio was told by her surgeon, “The bone grafts you got might have been contaminated”. She reacted with shock, “I was flabbergasted because I didn’t even know what he was talking about. I didn’t know I got a bone graft until I got this call. I just thought they put in screws and rods.”

The body of Alistair Cooke, the former host of “Masterpiece Theatre,” was supposedly looted along with more than 1,000 others, according to two law enforcement officials close to the case. The tissue taken was typically skin, bone and tendon, which was then sold for use in procedures such as dental implants and hip replacements. According to authorities, millions of dollars were made by selling the body parts to companies for use in operations done at hospitals and clinics in the United States and Canada.

A New Jersey company, Biomedical Tissue Services, has reportedly been taking body parts from funeral homes across Brooklyn, New York. According to ABC News, they set up rooms like a “surgical suite.” After they took the bones, they replaced them with PVC pipe. This was purportedly done by stealth, without approval of the deceased person or the next of kin. 1,077 bodies were involved, say prosecuters.

Investagators say a former dentist, Michael Mastromarino, is behind the operation. Biomedical was considered one of the “hottest procurement companies in the country,” raking in close to $5 million. Eventually, people became worried: “Can the donors be trusted?” A tissue processing company called LifeCell answered no, and issued a recall on all their tissue.

Cooke’s daughter, Susan Cooke Kittredge, said, “To know his bones were sold was one thing, but to see him standing truncated before me is another entirely.” Now thousands of people around the country are receiving letters warning that they should be tested for infectious diseases like HIV or hepatitis. On February 23, the Brooklyn District Attorney indicted Mastromarino and three others. They are charged with 122 felony counts, including forgery and bodysnatching.

Sunday, March 30, 2008

The 32nd round of the English Premiership took place this past weekend with both the battles for the league title and the battle against relegation still raging on. The fate of one team has been sealed for the rest of the season as Derby County has been mathematically guaranteed relegation, setting a new league record for earliest relegation. At the top of the table, nothing changed this week as Manchester United, Chelsea, Arsenal, and Liverpool all won.

Friday, August 4, 2006

The Domesday Book, penned in the eleventh century, can now be explored online after more than twenty years of work.

The book was commissioned by William the Conqueror in 1086 to tally the amount of land and resources owned throughout England. The findings were used to calculate taxes, and the wealth of the king.

From today, anyone with an Internet connection is now able to explore the book for free. A web browser can be used to find out what life was like in the past in any English village, town or city. In addition, a person can download a copy of any page from the book for the fee of £3.50.

Commenting on the online edition, Adrian Ailes, a Domesday expert from The National Archives, said it was “a fantastic achievement”. “It is important that people of all ages should be able to read and use this national treasure,” he added.

The book was voted the “nation’s finest treasure” in 2005. But studies have found that thirteen percent of people believe the Domesday Book to be a chapter in the Bible, and nearly two percent think the iconic document is a novel penned by Dan Brown.

The original text is currently on display at The National Archives in west London.

The portalpage for the online edition is http://nationalarchives.gov.uk/domesday.

Wednesday, June 20, 2007

If you are in the market for new bedding, and not too concerned with the new United States guidelines for mattress fire resistance, now might be a good time to buy. Mattresses sold in the U.S. must meet new federal guidelines for flammability starting on July 1.

The flammability of mattress sets sold in the U.S. is subject to a new mandatory federal regulation requirement passed by the Consumer Product Safety Commission (CPSC) on February 16 last year. The requirement, costing mattress manufacturers an estimated $100 million to meet, is scheduled to take effect on July 1. The commission anticipates that the new standards will save 270 lives and 1,330 injuries per year from mattress fires.

“We’ve passed a new open flame regulation and the whole idea behind the regulation is to make sure that if a mattress catches on fire that the fire burns slowly enough that people have enough time to get out of the house and get away,” said Hal Stratton, chairman of the CPSC

Radio and TV advertising spots are reacting to the new regulation by discounting prices on mattresses that fail to meet the new guidelines. Sales made in the mattress industry, like the automobile industry, are highly negotiable on price. The new regulation does not appear to have much “teeth” for mattresses already in the distribution pipeline, but it is a new law that is a bargaining position for potential buyers.

Saturday, April 16, 2005

The Food and Drug Administration (FDA) has penned a stiff reminder to drug giants Bayer Pharmaceuticals Corp. and GlaxoSmithKline PLC: pull your 15-second “reminder” ad for the erectile dysfunction drug, Levitra, off TV.

FDA said there is no evidence Levitra is better than rival drugs Viagra from Pfizer, or Cialis, owned by Eli Lilly and Co., in producing results that make female partners happy.

Levitra and Cialis together control about 30 per cent of the market for such drugs, but Pfizer takes the majority share.

Reminder ads can only call attention to a drug, not claim it works better, or at all.

“In one of [the ad’s] scenes, the man strokes the woman’s hair and face as she affectionately puts her hand on his wrist,” the FDA wrote. “In the other, she puts her arms around his neck and they embrace.”

“The totality of the TV ad also represents or suggests that Levitra will provide a satisfying sexual experience from the female partner’s perspective,” the agency wrote.

Glaxo spokesman Michael Fleming said the drug makers would comply. Bayer developed Levitra and partnered with Glaxo to market the pills in 2001. Bayer recently turned its part of the promotion over to Schering-Plough Corp.

Shares of Bayer fell 75 cents to $32.96 on Friday. Shares of GlaxoSmithKline rose 32 cents to close at $47.82. Schering-Plough shares rose 8 cents to end at $20.65.

Saturday, December 10, 2005

While this wasn’t Interview with the Vampire, getting a live interview with Jimmy Wales of the Wikimedia Foundation is requiring more work and planning than ever. Four contributors to four different Wikinews language editions (with Swedish, Netherlands, and Polish) arranged to interview “Jimbo” in the Wikinews IRC channel, squeezed in before interviews with a periodical and a cable news source.

Monday, February 12, 2007

On Sunday the representatives of International Business Machines Inc. said that the company will launch its new desktop software system for businesses. IBM’s new product is called “Open Client Offering”. The company hopes that its product will put Macintosh or Linux software on a more equal footing with Windows.

The Open Client Offering software was developed by IBM in-house, as well as with partners like Novell Inc. and Red Hat Inc. It is to answer the questions regarding the cost-effectiveness of managing Linux or Apple desktop personal computers alongside Windows PCs.

IBM officials stated that Open Client Offering will allow enterprises to use the same software on Windows, Linux or Apple’s OS X. It will be unnecessary for companies using Open Client to pay Microsoft for licenses for operations because these will no longer rely on Windows-based software.

Scott Handy, IBM’s vice president of Linux and open source, stated that the company worked together with the open source community and in the end found a way to develop a software that is able to function regardless of the operating system.

To create an alternative to Microsoft, IBM is going to offer Open Document Format software that the company developed for word processing, spreadsheets or presentations, instant messaging and blog tools and Internet Explorer’s long time rival – Firefox Web browser.

The software developers at IBM believe that the usage of Open Client Offering can cut the cost of managing applications as well as maintenance and cost regarding customer support on company networks that require other software rather than Windows.

PSA Peugeot Citroen, being the second largest car manufacturer, signed a multi-year agreement with Novell, which is the provider of Linux software, to run Linux on its 20,000 desktop PCs. In addition Linux will be installed on 2,500 server computers.

RedMonk’s analyst, Stephen O’Grady, said that today there is a strong appetite for Windows alternatives. However, he said, this doesn’t mean that the alternatives are to displace Windows wholesales. O’Grady outlined that no one is going to significantly damage the desktop dominance of Microsoft.

This is a test article for dev use playing with EzPR. It will never be published, although it may sometimes appear as though it has.