10.01 2012

Avnet to acquire Pinnacle Data for $22M

PHOENIX (AP) — Electronic components maker Avnet Inc. said Thursday that it is acquiring Pinnacle Data Systems Inc. for roughly $22 million in an all-cash deal.

Pinnacle, based in Groveport, Ohio, is an electronics repair and logistics services company that helps clients repair, refurbish, recycle and dispose of electronics products.

Avnet said the deal is part of its strategy to acquire complementary businesses that can help its clients beyond its scope of business.

Avnet is paying $2.40 per share for the company. T

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Posted by Jeremy Lee
Tags: Data, Pinnacle Data

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07.01 2012

NBC Seeks Pickup With New Shows

(Wall Street Journal) – NBC is hatching a host of new TV shows with unusual premises — from a girl with special powers to a world without electricity — as it looks to reverse a long and deep swoon in its evening audience, The Wall Street Journal reported Saturday.

NBC has already ordered five test episodes of new TV shows for the fall of 2012, and plans to pick up several more next week as Hollywood’s annual “pilot season” kicks into gear, NBC Entertainment Chairman Bob Greenblatt said Friday at a semi-annual press event in Pasadena, Calif.

“We’ve got to do things that somehow are more unique and more attention-getting than what we’ve been doing,” Greenblatt said in an interview. “We’ve got to look different. It’s got to feel different.”

One potential new pilot, from “Lost” co-creator J.J.

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Posted by Laura Hernandez
Tags: Shows

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05.01 2012

Women Receiving Patents On The Rise

The Sacramento Bee:

The number of women obtaining patents has grown at an accelerating rate over the past 35 years and in numbers considerably higher than previously reported, a new study commissioned by the National Womens Business Council (NWBC) has found.

The largest spike came in 2010, when 22,984 patents were granted to women, a 35 percent jump over the previous year, according to the NWBC study. In 2009, women received 17,061 patents, a 4.5 percent increase over the 16,321 issued in 2008.

The details are part of the preliminary findings from an extensive review of patents granted between 1975 and 2010 by the U.S. Patents and Trademarks Office.

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Posted by Gregory Moore
Tags: Patents, Patents Rise

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04.01 2012

An End-of-Year Leadership Check Up: Get Your Business Back on Track

Allen E. Fishman, Founder and Chairman of The Alternative Board
Anyone can be an entrepreneur, but not everyone can be an entrepreneur while also being a great leader. The biggest test to see whether you are a successful leader within your company is to take a look directly into the success of your company. Hint: The success of your company is a direct reflection upon your leadership skills—good or bad.
The characteristics of a great leader are endless, from being caring, kind and empathetic to detail-oriented, driven and ambitious. You’ll find all leaders have common characteristics that set them apart from others, but none are totally unique. Sim Read more…

Posted by Gregory Moore

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02.01 2012

Former employees accuse PSE&G of fraud, wrongful termination in suit

Three former employees of Public Service Electric & Gas said in a lawsuit filed today in Essex County Superior Court they were fired for reporting fraud the company committed against ratepayers.

The suit claimed that PSE&G wrongfully used state solar money for a billboard, funneled efficiency money to cover a mistaken $325,000 payment to UMDNJ and ignored unbilled use of electricity by Newarks red light cameras, forcing other customers to pay instead.

“The company is aware of these claims brought by former employees, all of whom were discharged for lawful reasons,” said a spokesman for parent company PSEG tonight. “These allegations are entirely without merit.

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Posted by Jeremy Lee
Tags: Former Employees, Suit

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31.12 2011

Rise in home construction suggests a turnaround

WASHINGTON — The depressed housing market has held the economy back for four years.

No longer.

Home construction has finally begun a gradual comeback and should add to the nation’s economic growth in 2011, a turning point in the recovery from the recession.

The main reason appears to be a positive consequence of the weak economy: Apartments are being built almost twice as fast as two years ago. Renting is the only option for many people who have lost their jobs, their homes or both.

Builders in November broke ground on homes — houses and apartments alike — at an annual rate of 685,000, the government said Tuesday. That was a 9.3 percent jump from October and the fastest pace since April 2010.

The numbers show how far the housing industry has come and still has to go:

  • Builders should start at least 600,000 homes this year.

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    Posted by Laura Hernandez
    Tags: Home, Home Construction

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    14.12 2011

    High Street struggles as festive sales take a tumble

    Snub: shoppers throng to Oxford Street but for the country as a whole, November’s numbers suggest trading is pretty bleak

    Alarm bells were ringing over a Christmas sales meltdown today as official figures revealed hard-pressed shoppers snubbed the High Street in November.

    Sales volumes fell 0.4% during the month, worse than City fears.

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    Posted by Jeremy Lee
    Tags: Sales, Sales Take

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