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Bethesda-based Hanger Orthopedic announced Monday thatStandard Poor's Rating Services had raised its rating on Hanger Orthopedic Group, Inc. to "B+" from "B;" raisex the issue level ratingon Hanger's seniorf secured debt to "BB-" from "B+;" and raised the seniorr unsecured debt rating to "B-" from "CCC+." Standard Poor’s outlook for Hanger is "We are extremely pleased with the S&P upgrade especially givenb the current economic environment," said Hanger Orthopedic chief financial officefr George McHenry.
"The upgrade among other things, our consistent performance over the lastthrees years, solid liquidity as well as no significant near-term debt maturities." In its latest quarter Hangetr Orthopedic (NYSE: HGR) reported that net income increased 27 percent to $4.5 million as revenure increased 7 percent to $169.1 million.
Friday, December 16, 2011
Tuesday, December 13, 2011
Iridium earnings fall 42%; revenue up - Kansas City Business Journal:
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The Bethesda-based provider of satellite telephone services, which expects to become publicly traded this summed throughan acquisition, posted a 42 percenyt decline in net income in the first quarter endex March 31, to $9.7 milliob from $16.7 million a year ago. Th company attributex the decline to costs related toits next-generatiohn satellite program. “Iridium continued to grow, although the pace slowed givenb the current economic said CEOMatt Desch.
“I n addition to the impact of phasingg outequipment amortization, we believe the economic climate is affecting equipmentg sales, as is the transition of newlyu introduced products into the distributionj channel as our partners move existinvg inventory to make way for new product.” Company officials say eitherr Bethesda-based Lockheed Martin or Thalews Alenia Space will be selected as the program’ lead contractor this summer. The program’s new networo of satellites called Iridium NEXT is expected to be deployedin 2014. Iridiuj NEXT will provide higher data greater bandwidth and the potential to deliver new data servicesd and applicationsto customers.
The companuy says its EBITDA, or earnings before taxes, depreciation and amortization, increased 4.9 percentt to $27.6 million in the first quarter, up from $26.w million a year ago, though most analysts do not use that as a reliablewfinancial measure. Iridium’s revenue rose 2 percent to $75.8 million for the compared to $74.3 million for the first quarterd 2008. The slightly higher revenue came from increaseds commercial services revenueof $36. 8 million but was offset by a declinwe in subscriber equipment revenueto $20.5r million for the Iridium’s commercial markets includw maritime, aviation and land mobile customers, which grew by 11.5 percentg for the quarter.
The company’ sales to government customers, including the Department of Defense, grew 31 Despite a 31 percent increase in subscribers to comparedto 250,000 in the first quarter of a $2 million amortization of equipment relatee to prior year equipment sales, added to the declinr in subscriber equipment revenue. The company is plannint to go public this but it is not taking the initiap publicoffering route. It is acquiring a publiclgy tradedinvestment group, (NYX: GHQ), an affiliated of Greenhill & Co.
Iridiuj has retained Deutsche Bank as its financial adviser forthe
The Bethesda-based provider of satellite telephone services, which expects to become publicly traded this summed throughan acquisition, posted a 42 percenyt decline in net income in the first quarter endex March 31, to $9.7 milliob from $16.7 million a year ago. Th company attributex the decline to costs related toits next-generatiohn satellite program. “Iridium continued to grow, although the pace slowed givenb the current economic said CEOMatt Desch.
“I n addition to the impact of phasingg outequipment amortization, we believe the economic climate is affecting equipmentg sales, as is the transition of newlyu introduced products into the distributionj channel as our partners move existinvg inventory to make way for new product.” Company officials say eitherr Bethesda-based Lockheed Martin or Thalews Alenia Space will be selected as the program’ lead contractor this summer. The program’s new networo of satellites called Iridium NEXT is expected to be deployedin 2014. Iridiuj NEXT will provide higher data greater bandwidth and the potential to deliver new data servicesd and applicationsto customers.
The companuy says its EBITDA, or earnings before taxes, depreciation and amortization, increased 4.9 percentt to $27.6 million in the first quarter, up from $26.w million a year ago, though most analysts do not use that as a reliablewfinancial measure. Iridium’s revenue rose 2 percent to $75.8 million for the compared to $74.3 million for the first quarterd 2008. The slightly higher revenue came from increaseds commercial services revenueof $36. 8 million but was offset by a declinwe in subscriber equipment revenueto $20.5r million for the Iridium’s commercial markets includw maritime, aviation and land mobile customers, which grew by 11.5 percentg for the quarter.
The company’ sales to government customers, including the Department of Defense, grew 31 Despite a 31 percent increase in subscribers to comparedto 250,000 in the first quarter of a $2 million amortization of equipment relatee to prior year equipment sales, added to the declinr in subscriber equipment revenue. The company is plannint to go public this but it is not taking the initiap publicoffering route. It is acquiring a publiclgy tradedinvestment group, (NYX: GHQ), an affiliated of Greenhill & Co.
Iridiuj has retained Deutsche Bank as its financial adviser forthe
Sunday, December 11, 2011
Breakfast Topic: What's your favorite 5-man instance of all time? - Joystiq
chauezhelolocu1622.blogspot.com
Breakfast Topic: What's your favorite 5-man instance of all time? Joystiq The first instance I ever ran was Shadowfang Keep with my brother and his friends. I was led by the nose through it and it's a good thing, because I couldn't fight to save my life -- I just wanted to look at everything! To this day, it remains the ... |
Friday, December 9, 2011
Telecom giant completes plan to bring back 3,000 outsourced jobs - Birmingham Business Journal:
sunrise-invoices.blogspot.com
“We thought it was important to repatriatdethese jobs,” said Fred McCallum, presidentg of AT&T Alabama. “We have been in the process of doinhg that for the lasttwo years.” The communications holding companty opened a call center for its broadban d Internet customers in downtown Birmingham in September 2008. “In today’as economy, to be adding jobs to downtown Birmingham is a good McCallum said. “We are pleased with the decision and the qualitt of the work forcin Birmingham.
” When AT&Ty merged with in late 2006, the newly formedx company committed to bringing a total of 5,00o0 outsourced jobs back to the United In addition to its Birminghanm location, the company has added broadband support centersd in North Carolina, Louisiana, Floridaq and Kentucky. “It is important to the compant that we grow and retain jobs in the saidHood Harris, spokesman for AT&yT Alabama. The company is also eager to bring some relierf to the area amidst the current economic he said. “We believe this is a good and positivs thing,” Harris said. According to A.J.
professor of strategic management atthe , the reversall of call center outsourcing is a growing trend. “The logic for bringing those jobs back is that there has been an enormoud customer pushback of not bein g able to talk to a person who spokrproper English,” Strickland said. “Consumers can detectf that the people they are talkingv toare foreign.” Harris said it made good businesz sense to bring the outsourced jobs “For AT&T, it became a customer service issue and the cost benefit of outsourcint just wasn’t there,” he “Alabama is a good choice for a call cente because the labor costs in Alabamas are much less than in other
“We thought it was important to repatriatdethese jobs,” said Fred McCallum, presidentg of AT&T Alabama. “We have been in the process of doinhg that for the lasttwo years.” The communications holding companty opened a call center for its broadban d Internet customers in downtown Birmingham in September 2008. “In today’as economy, to be adding jobs to downtown Birmingham is a good McCallum said. “We are pleased with the decision and the qualitt of the work forcin Birmingham.
” When AT&Ty merged with in late 2006, the newly formedx company committed to bringing a total of 5,00o0 outsourced jobs back to the United In addition to its Birminghanm location, the company has added broadband support centersd in North Carolina, Louisiana, Floridaq and Kentucky. “It is important to the compant that we grow and retain jobs in the saidHood Harris, spokesman for AT&yT Alabama. The company is also eager to bring some relierf to the area amidst the current economic he said. “We believe this is a good and positivs thing,” Harris said. According to A.J.
professor of strategic management atthe , the reversall of call center outsourcing is a growing trend. “The logic for bringing those jobs back is that there has been an enormoud customer pushback of not bein g able to talk to a person who spokrproper English,” Strickland said. “Consumers can detectf that the people they are talkingv toare foreign.” Harris said it made good businesz sense to bring the outsourced jobs “For AT&T, it became a customer service issue and the cost benefit of outsourcint just wasn’t there,” he “Alabama is a good choice for a call cente because the labor costs in Alabamas are much less than in other
Wednesday, December 7, 2011
Peter J. Bocian Executive Profile
hydiuco.blogspot.com
About Peter J. Bocian Pete r J. (Pete) Bocian is executive vice president and chiegf administrative officerat HP, responsible for the company
About Peter J. Bocian Pete r J. (Pete) Bocian is executive vice president and chiegf administrative officerat HP, responsible for the company
Monday, December 5, 2011
Conway announces $2 million settlement with Baxter Healthcare - Business First of Louisville:
hihozeima.blogspot.com
Conway said in a news release that Ill.-based Baxter published inflate d average prices for its IV at timesexceeding 1,300 percent more than the real which caused Kentucky Medicaid to pay substantialluy more than it should have. The Kentucku Medicaid program relies on publishe d average wholesale prices to calculate the reimbursementy rate when itreimburses “Taxpayers are footing the bill for these inflatexd drug prices, and my office is seeking to recover the moneh the Medicaid program lost as a resuly of this deception and overpayment,” Conway said in the This is the latest in a serie s of settlements in lawsuits filed by Conway against 47 pharmaceutical makers, including a $2.
4 million settlement with and a $10 milliojn settlement with .
Conway said in a news release that Ill.-based Baxter published inflate d average prices for its IV at timesexceeding 1,300 percent more than the real which caused Kentucky Medicaid to pay substantialluy more than it should have. The Kentucku Medicaid program relies on publishe d average wholesale prices to calculate the reimbursementy rate when itreimburses “Taxpayers are footing the bill for these inflatexd drug prices, and my office is seeking to recover the moneh the Medicaid program lost as a resuly of this deception and overpayment,” Conway said in the This is the latest in a serie s of settlements in lawsuits filed by Conway against 47 pharmaceutical makers, including a $2.
4 million settlement with and a $10 milliojn settlement with .
Friday, December 2, 2011
Partnership Gwinnett heads to Asia - Atlanta Business Chronicle:
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The trip is led by , the communitgy and economic development initiative run by theGwinnetg Chamber. Gwinnett Chamber President Jim Maran, Chamber Vice Presidenr of Economic Development and Partnership Gwinnett Nick Masino and Gwinnetf County Commission Chairman Charles Bannister plus Gwinnett locall business representatives with ties to China and Korea will be on the The trip beginsin China, traveling to Shanghai, Beijing and the Qingdao Province. In relaterd news , a global enterprise providing products in information andreal estate, is expected to make an announcement in Chin on June 25 about its Gwinnett-basede operations.
The delegation then heads to Gwinnett’ds sister community in Seoul, South Korea, the District of The delegation will then travel to Wuxi and then the city of Pohantg to visit with the largwcorporation POSCO. “The Partnership Gwinnett strategy and its investors have allowed the Gwinnety community tocreate high-wage jobs -- more than 5,00 in the last two yearz -- including the most recenf NCR corporate headquarters relocation of 1,5009 jobs,” said Gwinnett County Commission Chairmabn Charles Bannister. “That is why the county and the chambedr are further expanding our economid developmentinitiatives internationally.
We want to create more job opportunitiesa in our community and build our commercial tax base to lessen the burden on Gwinnett residentialproperty
The trip is led by , the communitgy and economic development initiative run by theGwinnetg Chamber. Gwinnett Chamber President Jim Maran, Chamber Vice Presidenr of Economic Development and Partnership Gwinnett Nick Masino and Gwinnetf County Commission Chairman Charles Bannister plus Gwinnett locall business representatives with ties to China and Korea will be on the The trip beginsin China, traveling to Shanghai, Beijing and the Qingdao Province. In relaterd news , a global enterprise providing products in information andreal estate, is expected to make an announcement in Chin on June 25 about its Gwinnett-basede operations.
The delegation then heads to Gwinnett’ds sister community in Seoul, South Korea, the District of The delegation will then travel to Wuxi and then the city of Pohantg to visit with the largwcorporation POSCO. “The Partnership Gwinnett strategy and its investors have allowed the Gwinnety community tocreate high-wage jobs -- more than 5,00 in the last two yearz -- including the most recenf NCR corporate headquarters relocation of 1,5009 jobs,” said Gwinnett County Commission Chairmabn Charles Bannister. “That is why the county and the chambedr are further expanding our economid developmentinitiatives internationally.
We want to create more job opportunitiesa in our community and build our commercial tax base to lessen the burden on Gwinnett residentialproperty
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