Tuesday, January 26, 2010

Italian chocolatemaker Ferrero has ruled out making a bid to purchase United Kingdom confectioners Cadbury. The move comes after Cadbury’s board recommended accepting a takeover bid by United States firm Kraft that valued the company at £11.9 billion sterling.

Ferrero is best known for its Rocher branded chocolates and the advertisements that accompany them. It had been rumoured that the Italians would team up with another US firm, Hershey, to submit a joint bid for Cadbury. However, on Friday Hershey decided not to attempt to purchase Cadbury, who are most famous for Dairy Milk chocolates.

Both companies had been given yesterday as their deadline to declare their intentions regarding their British rival. Kraft now seem likely to achieve their aim of buying up the confectioner, after four months of negotiations and an offer that was increased twice. Italian newspaper Il Sole 24 said Ferrero had backed out because of the amount of debt they would need to take on and a perceived requirement for job cuts.

Kraft are offering 500p cash per Cadbury share, plus Kraft stock. However, if some investors accept extra Kraft shares then up to 799p. The deal gives Cadbury a total value of 837p, down from the 850p orignally offered due to fluctuations in the exchange rate between the United States dollar and the pound sterling. “The final offer’s value will change as the Kraft Foods share price and the USD/GBP exchange rate change,” explained Kraft.

Jeremy Batstone-Carr, an analyst with Charles Stanley, said British stock investors were likely to not want Kraft shares. “UK-based investors are unlikely to want to hold Kraft stock… We believe that as many as half these holders… will be looking for alternative investment destinations here in the UK.” Shareholders have until February 2 to consider the offer. If they accept, Cadbury will cease to be an independant company, which it has been since it was founded in 1824.

Wednesday, June 2, 2010

Hewlett-Packard (HP) expects to lose 9,000 jobs between now and 2013 in a US$1 billion (£686m) restructuring plan.

The 9,000 jobs losses will be in the enterprise services division, but the company expects to add about 6,000 employees to its sales and delivery teams.

HP commented in a statement, “As a result of productivity gains and automation, HP expects to eliminate roughly 9,000 positions over a multi-year period to reinvest for further growth and to increase shareholder value”

HP will invest in fully automated data centers as it makes operational changes in its Internet technology services business. HP said the restructuring will generate savings of $500–700 million (about €407–571 million) in net savings after reinvestment.

Hewlett-Packard has around 300,000 employees and is the world’s largest technology company by sales. HP is an American multinational information technology corporation headquartered in Palo Alto, California.

Saturday, December 26, 2009

The new Antonov An-148 jet made its first commercial flight from Saint Petersburg, Russia to Moscow on Thursday.

Starting with one of the busiest regional routes in Russia new Antonovs are to connect the other major destinations throughout Europe.

The new aircraft was designed in the Ukraine by the famous Antonov design bureau and is manufactured in Voronezh, Russia. The twinjet features a high-wing design, glass cockpit and 68 passengers cabin with a 3.5 thousand km range at the average 800 km/h cruising speed.

The first serial airplane has recently joined the fleet of Rossiya (the “Russia”) airline under lease contract with Ilyushin Finance Company.

Monday, December 29, 2008

The Green Bay Packers defeated the Detroit Lions on Sunday evening by a final score of 31–21, effectively ending the Lions’ season with an 0-16 record. The game was played at Lambeau Field in Green Bay, Wisconsin and was televised by Fox in the United States. Kickoff was at 1:00 p.m. EDT. The Lions became the first National Football League franchise to complete an “imperfect season” (without a victory) since the introduction of the 16-game schedule in the 1978 NFL season. The winless season comes just a year after the New England Patriots did the reverse, accomplishing the NFL’s first “perfect” 16-0 regular season.

After trailing the game 14–0 entering the second quarter, Detroit rallied back to tie the game at 14 by the end of the third quarter. The Packers took a 10-point lead halfway through the fourth quarter with a field goal by kicker Mason Crosby (Green Bay 17 – Detroit 14) and then a touchdown pass from quarterback Aaron Rodgers to fullback John Kuhn (Green Bay 24 – Detroit 14). The Lions fought back with a rushing touchdown by Kevin Smith which left Detroit within three points of tying the game. However, just 11 seconds later, the Packers took possession and Aaron Rodgers completed a 71-yard touchdown pass to wide receiver Donald Driver (Green Bay 31 – Detroit 21). The Packers held on to the lead for the remainder of the game to seal their sixth victory on the season.

Lions quarterback Dan Orlovsky was 22-of-42 for 225 yards with two touchdowns and two interceptions. Calvin Johnson led the Lions in receiving with 102 yards and touchdowns. Kevin Smith led the Lions in rushing with 92 yards and one touchdown.

For the Packers, quarterback Aaron Rodgers was 21-of-31 for 308 yards and three touchdowns, and running backs Ryan Grant and DeShawn Wynn rushed for 106 yards each. Wide receivers Donald Driver and Greg Jennings led the Packers in receiving, both tallying over 100 yards.

Prior to the Lions’ loss on Sunday, the Tampa Bay Buccaneers were the only franchise since the 1970 AFL–NFL merger to finish a season without a victory or a tie. The 1976 Tampa Bay Buccaneers finished their season with a 0-14 record. It was the Buccaneers franchise’s first season in the NFL. Tampa Bay also lost the first 12 games of the 1977 season, and the team’s 26-game losing streak is still the longest in NFL history. The 1982 Baltimore Colts were the most recent NFL team to not win a game in their respective season, failing to win in the strike-shortened 1982 season, posting an 0-8-1 record.

The Lions’ loss was closely watched by some members of the 1976 Buccaneers team, including defensive end Pat Toomay. Toomay told reporters, “I would like the torch to be passed…At the same time, you don’t want to wish that on anybody.” Toomay also pointed out that although the Buccaneers lost every game in their inaugural season, the team reached the NFC Championship Game in their fourth season (1979).

Steve Spurrier, the quarterback for the Buccaneers in the 1976 season, voiced his support for the Lions in their quest to win their first game of the season, hoping that only the Buccaneers would hold the distinction of finishing an “imperfect season.”

“I want that record,” Spurrier said. “I’m pulling for them, sure,” Spurrier added. “That’s the American thing to do, isn’t it?”

Entering the game, the Lions were 10½-point underdogs against the Packers in spread betting. Lions tackle Gosder Cherilus likened the team’s chance to avoid the 0-16 finish as a championship game. “It’s our Super Bowl,” Cherilus told reporters on Friday, December 27.

The Lions surpassed the 1980 New Orleans Saints with their 15th consecutive loss on December 21 to become the first team in NFL history to lose the first 15 games of the season. The 1980 Saints lost their first 14 games, but won their 15th game against the New York Jets.

The closest margin that the Lions came to within victory was two points, which came against the Minnesota Vikings on October 12. Minnesota won the game by a score of 12–10. The 1976 Buccaneers suffered five shutout losses (in which they did not score a single point) in their winless season. The closest that the Buccaneers came within victory was a 23–20 loss to the Miami Dolphins on October 24, 1976.

Prior to the regular season, the Lions won all four of their games in the exhibition season, which do not count in regular season standings or totals.

While the loss didn’t come without a fight from the Lions, players from the team knew that they would be forever remembered as possibly the worst team in NFL history. “I’ve got to live with this,” Lions center Dominic Raiola said. “I’ve been here eight years. This is on my résumé.”

“I don’t ever want to be a part of this again,” Lions quarterback Dan Orlovsky said. “We haven’t won since, November of ’07, maybe? I don’t even know the last time we won a game.” The franchise’s last victory in the regular season was on December 23, 2007 against the Kansas City Chiefs.

Packers players were just as eager for a victory. Green Bay’s quarterback Aaron Rodgers said while their own season was disappointing, they didn’t want to be forever remembered as the team that lost to the 0-15 Lions in the final game of the season. “We didn’t want to lose, no, we didn’t,” Rodgers said. “But really it’s not on your mind once the game starts. I didn’t even think about it until the fans started chanting in the fourth quarter. They played hard, they really did.” Packers fans in attendance at Lambeau Field began to chant “0-16” late in the game.

With their victory, the Packers finished their 2008 season with a 6-10 record. With the loss, the Lions finished their 79th season since their inception as the Portsmouth Spartans in 1929. It was the Lions’ 75th season in Detroit, Michigan. The franchise also secured the first-overall selection in the upcoming 2009 NFL Draft, a spot reserved for the NFL team with the worst record from the previous season entering the upcoming season.

After the game, Lions head coach Rod Marinelli declined to comment on his future with the team. Since being hired in 2006, the Lions have had a 10-38 record under Marinelli. The Lions have averaged 11 losses per season since 2001 and now have lost 23 of their last 24 games. The 0-16 record could be a lasting testimony to the Matt Millen era. With Millen as president of the team from 2001 until he was fired on September 24, Detroit won only 31 games. Millen was widely criticized for his handling of the Lions organization, and Lions fans rallied to have him relieved of duties for years.

Tuesday, March 13, 2007

Pennsylvania governor Ed Rendell announced Tuesday morning that a deal had been struck between state and local officials and the Pittsburgh Penguins hockey franchise. The Penguins organization will formally announce the deal tonight, prior to the Penguins game against the Buffalo Sabres at the Mellon Arena. The deal will ensure that the Penguins will remain in the city with a 30 year lease on a new arena to be built in downtown Pittsburgh. The framework of the deal was constructed in an emergency meeting last Thursday in Philadelphia, when both government and franchise officials indicated that progress had been made, with the details laid out over the weekend. With the new deal, the Penguins organization would be expected to pay $3.8 million per year, as well as $7.5 million per year from both Don Barden, owner of Majestic Star Casino, and the state economic development fund. The Penguins organization has also been given the option of building a parking garage on property of the Pittsburgh Sports Authority between Centre and Fifth avenues, by contributing $500,000 per year.

The new arena is expected to cost approximately $290 million, and should be completed and ready to host hockey games by 2009. The Penguins will sign a temporary lease to keep the team at Mellon Arena until the new building is finished.

Tuesday, March 10, 2015

Sam Simon died, at the age of 59, on Sunday of colon cancer, a disease he was diagnosed with in 2012. One of the co-creators of the television series The Simpsons, Simon helped create the hugely successful series in 1989 alongside Matt Groening and James L. Brooks. He left the show in 1993 after roles as writer and character developer among others.

Before The Simpsons Simon had worked on several shows in various positions. During the 1980s he worked on shows such as Taxi, Cheers, and The Tracy Ullman Show. In 1989 he helped create The Simpsons with Brooks and Groening, and was responsible for hiring the show’s first writing team. Despite leaving the show in 1993 he kept the title of executive producer, and continued to receive tens of millions of dollars every season in royalties.

After his diagnosis he began to donate his fortune to charity, estimated at around US$100 million . He donated to and was an active voice for charities focusing on animal rights including PETA. The Sam Simon Foundation, an organization he founded in 2002, released a statement to TMZ after his death: “For those of us who knew him, his voice will forever echo in our minds; his sense of humor will continue to make us laugh; and his compassion and generosity will continue to impact our lives[…] Sam, you will be missed by many, but there is a particular sadness among our clinic staff. We have been together for so long, and your absence will forever leave a void in our lives.”

Speaking to NBC in November 2014, Simon said “Cancer has been a fight, a journey, an adventure and the most amazing experience of my life.”

Simon had no children and was twice divorced. His first wife was actress Jennifer Tilly, to whom he was married from 1984 until their split in 1991. He married Playboy Playmate Jami Ferrell in 2000; the pair divorced not long after.

Current executive producer of The Simpsons, Al Jean paid tribute to Simon via Twitter, tweeting “Just heard terrible news of death of @simonsam. A great man; I owe him everything.”

Wednesday, March 14, 2007

Children from single-parent homes are much more likely to be sexually abused – a study carried out at University of Pennsylvania‘s School of Medicine suggests.

Previous studies have found that children being raised in single-parent homes are at greater health and other kinds of risks. The new study shows that these risks include higher risk of childhood sexual abuse. This especially concerns low-income one-parent households.

Dr. William C. Holmes, MD, MSCE, Assistant Professor of Medicine and Epidemiology at the University of Pennsylvania says that the problem involves psychological and emotional aspects.

?hildren from one-parent homes do need more communication with their moms or dads. However, the parents are often absent from the home, being busy working to provide their children with basic necessities. The children have to find someone who would be a parent-substitute with whom to communicate and to share experiences. Molesters take advantage of this situation and become friends to these emotionally-needy children.

Holmes says that low-income single-parent households are at greater risk due to the type of childcare facilities available to children from such families. Unfortunately, these are not facilities with thorough oversight of who is a caregiver of a child.

According to Holmes, studies like this one suggest that there should be some interventions to help single parents and their children, for instance through funding of better childcare facilities.