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GM Has Buyer for Hummer

http://www.autoobserver.com

DETROIT -- General Motors announced it has signed an agreement to sell Hummer, though it hasn't yet revealed who the buyer is or how much GM will receive for the SUV company. GM said it expects to close the deal by the end of September, pending various approvals. The sale of Hummer will save 3,000 U.S. jobs in manufacturing, engineering and at Hummer dealerships, GM said. The arrangement includes the new buyer contracting vehicle manufacturing and business services during the transition. GM's Shreveport, Louisiana, plant continues to contract assemble the H3 and H3T through at least 2010.

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The AOL-Time Warner Saga Bookends One Sorry Decade

http://gawker.com

The 21st century dawned with news that two media megaliths, AOL and Time Warner, were to merge. Critics howled that the vast tentacles of a combined AOL-TW would subsume us all. Today, Time Warner confirmed it's spinning off AOL, ending a business saga that defined whatever you're calling the 2000s. In retrospect, AOL's deal to acquire — and then be run by — Time Warner marked the end of a century when old media conglomerates were at their peak. The merger, valued at $182 billion when it was announced, was the largest in U.S. history. It is also arguably the most disastrous in history. The combined value of the two companies — both inflated by the dot-com bubble — was $350 billion. Today, before the spin-off goes through, the whole shebang sports a market cap of just under $28 billion.

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With no buyers in sight, Time Warner finally to spin off AOL

http://arstechnica.com

The marriage between AOL and Time Warner has generally not been a happy one. The original vision was that AOL would provide an outlet for the material that Time Warner's other divisions produced, giving the combined company a whole-widget approach to content. That never worked out, and the division was often a drag on its parent company's earnings. As a result, rumors that AOL was for sale have circulated for years (Ars' coverage of them dates back to at least 2005), and played a prominent role in the awkward ballet performed by Microsoft and Yahoo last year. None of the deals ever came to fruition, and now it appears that Time Warner has given up: AOL will be spun off as an independently traded company. There are still a couple of hurdles the spinoff will have to clear. Google owns a five percent stake in AOL, and Time Warner will have to buy that off the search giant before it can complete the transaction. There will also be a lot of internal bookkeeping maneuvers needed to surgically remove AOL from its parent, and the SEC will have to approve all of them.

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Created by Dr Who 4 years 8 weeks ago – Made popular 4 years 8 weeks ago

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Why Mother's Day Scared the Heck Out of One Restaurant

http://lgbusinesssolutions.typepad.com

Mother's Day can be a huge earning's day for restaurants, especially those best known for serving Sunday brunch. But what happens to those upscale Italian restaurants who definitely aren't recognized for serving killer breakfasts and often are closed on Sundays? That was the dilemma facing my firm and one of my clients.The Back Story One of my clients is among the Northeast's finest Italian Family restaurants beyond the high rises of Boston and New York City. It is known for its hospitality, service and authentic Italian cuisine, using fresh and local produce and humanely raised beef and poultry. In addition, all the seafood comes from local fisheries, and the pastas, breads and desserts are handmade in the kitchen. Mother's Day was approaching, and the restaurant's owners were in a quandary. The restaurant is closed on Sundays, never serves breakfast or brunch, and to maintain quality it would not be able to compete on price. Nevertheless, they had a plan to serve Mother's Day Brunch.

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2

Sensible Incentivizing

http://pmcrunch.com

Looking at lessons learned from the current economic crisis, one that stands out pertains to how people are incentivized in business. Banks with risky loan portfolios somewhere along the line had incentivized their people to fill their portofolios with these loans. Somewhere along the line, the incentives did not incorporate some of the risks involved. How does this play out in project and program management? Given that projects are of limited duration, it is likely that our team members will come from different parts of the organization and often even from organizations. While we may not have total control over all of the incentives, it is important that we understand what incentives they bring to the project and then what incentives we can use as part of their participation on the project.

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Residential Energy Efficiency Rebate Program – Kentucky

http://findportablesolarpower.com

In the state of Kentucky, a Touchstone Energy Cooperative, called Blue Grass Energy provides an energy-efficiency improvement program. This is especially applicable to residential sectors. The program involves an energy advisor who is specially trained to identify areas encompass the residential sector. Upon gaining familiarity with the area concerned, the advisor gives important information to resident families, regarding recommended energy-efficiency improvements. A utility rebate program is available for those who have resided for at least two years in a given area. They should be using an electrically-heated home system, in order to qualify for the rebate. The maximum rebate that members will be able to qualify for is $350. Blue Grass Energy will pay up to $200 for what they refer to as “weatherization improvement.” This improvement includes adding insulation, window replacement, air sealing, and improvement of insulation in a building, in order to make it more efficient.

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