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The petition to reorganize theboat builder’s debtse was filed Monday afternoon in in Minneapolis. The filin includes more than 20 ofthe company’x subsidiaries, one of which is Murfreesboro-based Genmafr Tennessee LLC. The company has a boat manufacturinf and repair facility at theMurfreesboro location. Genmar Tennessee has from 200 to 1,009 creditors and assets between $50,000 and The Tennessee company’s filing lists about $750,000 in unsecured debts owed to its 20largest creditors.
The pareny company lists its assets in the rageof $10 millionh to $50 million and its liabilitiese between $100 million and $500 million, according to court Genmar Holdings’ only secured creditords are and , according to a story in the Minneapolizs Star Tribune. Genmar said it has received commitmenf fora debtor-in-possession financinyg proposal from both banks. In a statement, Genmar’s largest Chairman and CEO Irwin Jacobs says sales ofthe company’xs fishing boats, luxury yachts and othed products started to decline in 2008, but worsened in recent The company’s sales in fiscal 2009, whichn ends in June, are likely to be abouft $460 million, off by more than 50 percentt from fiscal 2008, the company reports.
“Ir someone would have said to me as recentlty as even one month ago that Genmar would somedat be filing forChapter 11, I woulxd have said it was not even a remote possibility,” Jacobes says. Genmar had been making some strategy changed in recent months and recentlh announced plans to launch a lineof less-expensive aluminum boats.
Saturday, October 15, 2011
Wednesday, October 12, 2011
Russell Brand Out, Ben Stiller In For 'Rentaghost' - Indie Wire (blog)
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Indie Wire (blog) | Russell Brand Out, Ben Stiller In For 'Rentaghost' Indie Wire (blog) In Hollywood, you're only as good as your last movie, and with Russell Brand's first bonafide leading man vehicle “Arthur†opening at number three this spring and then fading fast from theaters, it seems some heat has f » |
Monday, October 10, 2011
RED WINGS NOTEBOOK: Huds huddles up on the power play - Royal Oak Daily Tribune
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Yahoo! Sports (blog) | RED WINGS NOTEBOOK: Huds huddles up on the power play Royal Oak Daily Tribune DETROIT â€" Despite a 2-0 start to the regular season, everything is far from perfect with the Wings' power play. That's prompted a change from coach Mike Babcock. Babcock will move Jiri Hudler to the point on the power play. ... Red Wings' Mike Babcock plays strong hand with lines 1-4 Wings hope for spark on power play with Jiri Hudler Henrik Zetterberg, Pavel Datsyuk give Red Wings 'luxury' of having many line ... |
Saturday, October 8, 2011
Cuban Parliament President Attends Mexico's Solidarity-with-Cuba Forum - Radio Cadena Agramonet
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Radio Cadena Agramonet | Cuban Parliament President Attends Mexico's Solidarity-with-Cuba Forum Radio Cadena Agramonet Cuban Parliament president Ricardo Alarcon arrived in Mexico on Thursday heading the delegation from the island that will participate in the Sixth Regional Meeting of Solidarity with Cuba. Along with Alarcon are Cuban Friendship Institute's (ICAP) ... Cuban parliament chief urges Obama to let freed spy ring member return to island Cuban official: Let spy ring member come home |
Thursday, October 6, 2011
Phillies get taste of reality after Series win on MLB show
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The Pen will be narrated by former Phillies reliefr pitcher and MLB Network analystMitcyh Williams. The program takes a look at the lives followingthe team’e 2008 World Series win and the pressures of keepintg their roster spot for the 2009 team. The series featurew relief pitchers Brad Ryan Madson, J.C. Romero, Scott Eyre, Clay Condrey, Chad Gary Majewski, Jack J.A. Happ, Chan Ho Park and bullpenn coachMick Billmeyer, and follows them to everything from fishinv trips and youth baseball games to the Whitr House for a post-World Series The program also speaks with players following the suddemn death of longtime Phillies broadcaster Harry Kala s on April 13.
“As a reality-basefd series The Pen is the ultimatew look into the lives of these both on and offthe field,” said Tony Petitti, presiden and CEO of MLB Network. “So much of what we know abourt relief pitchers is based on statisticszand saves, and a series like The Pen gives a levek of familiarity to each player.” The program markas the first program ever producerd using a camera and microphonews installed in a Major League bullpen to film in-gamwe and practice footage. Two other cameras were installed in Citizens Bank one behind home plate and one at lowfirs base, and were controlled by MLB Network’ds headquarters in Secaucus, N.J.
Producer Dann y Field suited up as a catcheer with a camera attached to his mask to capture footaged during spring trainingin Clearwater, Fla. The majorit owner of the MLB Network is MajorLeague Philadelphia-based (NASDAQ:CMCSA, CMCSK), Cox DirecTV and Time Warnere also own interests in the network.
The Pen will be narrated by former Phillies reliefr pitcher and MLB Network analystMitcyh Williams. The program takes a look at the lives followingthe team’e 2008 World Series win and the pressures of keepintg their roster spot for the 2009 team. The series featurew relief pitchers Brad Ryan Madson, J.C. Romero, Scott Eyre, Clay Condrey, Chad Gary Majewski, Jack J.A. Happ, Chan Ho Park and bullpenn coachMick Billmeyer, and follows them to everything from fishinv trips and youth baseball games to the Whitr House for a post-World Series The program also speaks with players following the suddemn death of longtime Phillies broadcaster Harry Kala s on April 13.
“As a reality-basefd series The Pen is the ultimatew look into the lives of these both on and offthe field,” said Tony Petitti, presiden and CEO of MLB Network. “So much of what we know abourt relief pitchers is based on statisticszand saves, and a series like The Pen gives a levek of familiarity to each player.” The program markas the first program ever producerd using a camera and microphonews installed in a Major League bullpen to film in-gamwe and practice footage. Two other cameras were installed in Citizens Bank one behind home plate and one at lowfirs base, and were controlled by MLB Network’ds headquarters in Secaucus, N.J.
Producer Dann y Field suited up as a catcheer with a camera attached to his mask to capture footaged during spring trainingin Clearwater, Fla. The majorit owner of the MLB Network is MajorLeague Philadelphia-based (NASDAQ:CMCSA, CMCSK), Cox DirecTV and Time Warnere also own interests in the network.
Tuesday, October 4, 2011
Team's flaws were always plain to see | Philadelphia Inquirer | 2011-10-04 - Philadelphia Inquirer
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Bleacher Report | Team's flaws were always plain to see | Philadelphia Inquirer | 2011-10-04 Philadelphia Inquirer If you're an Eagles fan staring at a 1-3 team after an offseason full of hope, here's the most maddening thing: You could see the biggest problems coming for months. The flaws that have plagued the Birds through their three-game ... Philadelphia Eagles team report: Reid to evaluate defensive scheme Next Philadelphia Eagles Defensive Coordinator Must Be Hired as Head Coach Eagles' pursuit of talent has made rivals jealous, even angry |
Sunday, October 2, 2011
Children's Hospital CEO Roger Oxendale resigns - The Business Review (Albany):
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spokesman Frank Raczkiewicz confirmed theresignatiomn Tuesday. Oxendale will remain throughh the endof 2009. He also is resigningy the presidencyof Children’s foundation, a position he has held sinc 2008. Oxendale, who was traveling Tuesday was notimmediately available. He joined the hospitap 14 years ago asits CFO. He became COO in 2000 and replaced Ron Violi as presiden t and CEOin 2005. Oxendale dropped the president title when he took the post at the foundationhlast year. Children’s spokesman Marc Lucasiak said the organization will be conductinb a search to fill the foundation positiojn but will not continue theCEO post.
Christophetr Gessner will continue to serve as presidengtof Children’s Hospital. He was appointed in 2008 after eight years as chiefoperating Children’s in Pittsburgh’s Lawrenceville neighborhood May 2. It launched a $100 milliohn capital campaign last fall to help payfor it. John vice president of a recruitment firm specializinh in thenonprofit sector, said it will be touguh to find a new president for the foundation, but that Children’zs is “well positioned” to attracr strong prospects. “It’s becoming increasinglyg more difficult tofind top-notch development and advancement Thornburgh said.
“But I believe Children’x is in a strongerd position because of its The new building will be an asset in recruitingexcellent and, frankly, fundraising for children’s causees is something that the community responds to betteer than other nonprofits.”
spokesman Frank Raczkiewicz confirmed theresignatiomn Tuesday. Oxendale will remain throughh the endof 2009. He also is resigningy the presidencyof Children’s foundation, a position he has held sinc 2008. Oxendale, who was traveling Tuesday was notimmediately available. He joined the hospitap 14 years ago asits CFO. He became COO in 2000 and replaced Ron Violi as presiden t and CEOin 2005. Oxendale dropped the president title when he took the post at the foundationhlast year. Children’s spokesman Marc Lucasiak said the organization will be conductinb a search to fill the foundation positiojn but will not continue theCEO post.
Christophetr Gessner will continue to serve as presidengtof Children’s Hospital. He was appointed in 2008 after eight years as chiefoperating Children’s in Pittsburgh’s Lawrenceville neighborhood May 2. It launched a $100 milliohn capital campaign last fall to help payfor it. John vice president of a recruitment firm specializinh in thenonprofit sector, said it will be touguh to find a new president for the foundation, but that Children’zs is “well positioned” to attracr strong prospects. “It’s becoming increasinglyg more difficult tofind top-notch development and advancement Thornburgh said.
“But I believe Children’x is in a strongerd position because of its The new building will be an asset in recruitingexcellent and, frankly, fundraising for children’s causees is something that the community responds to betteer than other nonprofits.”
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