“Elders shares plunge 41% - The Age” plus 4 more

Elders shares plunge 41% - The Age
Obama names Treasury official to spur manufacturing - Yahoo News
Elders shares in early plunge - News.com.au
Myers Wins Robinson Automotive Group Amateur - WBOY
STRATEGY ANALYTICS: Sony Best Recognized Brand for Automotive ... - Businesswire.com

Posted: 06 Sep 2009 05:34 PM PDT

Shares in Elders fell markedly in early trading today, after the agricultural and automotive components group announced an annual loss of $415.4 million for 2008-09 last Friday.

Elders had also announced after the stock market had closed on Friday that it would raise as much as $550 million through the issue of deeply discounted new shares, and that the restructuring of a separate debt package would mean that no dividends would be paid until 2012.

Shortly after the market opened, Elders shares had slumped 16 cents, or 41.03 per cent, to 23 cents.

Elders shares had been in a trading halt since August 31, and last traded at 39 cents.

Elders will issue new shares at 15 cents each.

AAP

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Obama names Treasury official to spur manufacturing - Yahoo News

Posted: 06 Sep 2009 07:50 PM PDT

WASHINGTON (Reuters) – President Barack Obama plans to announce on Monday that he has named a top Treasury Department official, Ron Bloom, to lead an effort aimed at revitalizing America's hard-hit manufacturing industry.

The U.S. manufacturing industry has lost hundreds of thousands of jobs in recent years to overseas competition as some U.S. businesses have relocated abroad to take advantage of cheaper labor. Bringing an invigorated manufacturing base back to America was a campaign pledge of Obama last year.

Bloom will retain his role as a senior advisor to Treasury Secretary Timothy Geithner assigned to Obama's task force on the U.S. automotive industry.

Bloom will travel with Obama on a visit to Cincinnati on Monday, the Labor Day holiday, where the president will speak at an event held by the AFL-CIO labor organization.

The White House said in a statement issued on Sunday that Bloom is to work with government departments including Commerce, Treasury, Energy and Labor to develop new initiatives affecting the manufacturing sector.

The White House said Obama is committed to partnering with the private sector to spur innovation, invest in the skills of American workers, and help manufacturers prosper in global markets by promoting exports.

Bloom's appointment follows news that the U.S. manufacturing sector had expanded for the first time in 18 months and had the highest monthly output in two years.

"It's a sign that we're on the right track to economic recovery, but that we still have a long way to go," Obama said in the announcement.

"We must do more to harness the power of American ingenuity and productivity so that we can put people back to work and unleash our full economic potential."

Bloom said in the statement that a strong manufacturing sector is a cornerstone of American competitiveness.

"As we meet the challenges of globalization and technological change, it is vital to have a concerted effort across the administration to support an innovative, vibrant manufacturing sector," Bloom said.

Prior to joining the Obama administration, Bloom was a special assistant to the president of the United Steelworkers Union. His responsibilities included the union's collective bargaining program.

Prior to joining the Steelworkers, Bloom was one of the founding partners of Keilin and Bloom, an investment banking firm, where he was involved in numerous transactions on behalf of the Steelworkers, the Auto Workers, the Teamsters, the Air Line Pilots Association and other unions.

Before founding Keilin and Bloom, Bloom was a vice president at the investment banking firm of Lazard Freres & Co. where he specialized in analyzing, structuring and raising financing for union-led employee-ownership transactions.

(Reporting by Steve Holland)

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Elders shares in early plunge - News.com.au

Posted: 06 Sep 2009 05:56 PM PDT

SHARES in Elders fell markedly in early trading today after it announced an annual loss of $415.4 million on Friday.

The agricultural and automotive components group had also announced after the stock market had closed on Friday that it would raise as much as $550 million through the issue of deeply discounted new shares.

The restructuring of a separate debt package would mean that no dividends would be paid until 2012.

At 1010 AEST, Elders shares had slumped 16 cents, or 41.03 per cent, to 23 cents.

Elders shares had been in a trading halt since August 31, and last traded at 39 cents.

Elders will issue new shares at 15 cents each.

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Myers Wins Robinson Automotive Group Amateur - WBOY

Posted: 05 Sep 2009 04:53 PM PDT

Wheeling's Bryan Myers won the Robinson Automotive Amateur at Wheeling Park Golf Course.

The reigning Ohio Valley Golf Association Player of the Year fired back-to-back 65's to finish with a two-day total of 130. Day one leader Joey Seabright, who plays at West Liberty University, shot a 69 on Sunday and fell behind Myers.

The Senior championship went to Wheeling's Mike Wilson, who matched Myers with a 65 on both days, and a total of 130.

Thad Obecny II (70, 65) won the Junior title, Weir High School Athletic Director Mike Greene won the Super Senior title. He rallied on Sunday to shoot a 64, after an opening round 73, to finish at 137.

Ron Helms and Roger Kupfer teamed to win the the Best Ball title in a playoff with Greene and partner John Bailey. They each finished with totals of 125.

The OVGA's season-ending tournament is coming up in two weeks.

Robinson Medal results:

1. Bryan Myers 34 31, 29 36 130

2. Joey Seabright 33 31, 34 35 133

3. Chris Palmer 32 34, 37 32 135

3. Dave Frey 34 34, 33 34 135

3. Rico Simonetti 33 33, 35 34 135

6. Jay Davis 36 34, 36 31 137

7. Eric Coe 34 35, 36 33 138

8. Cory Toth 34 33, 42 33 142

8. Doug Miller 36 34, 37 35 142

10. Bill Fox 35 37, 36 35 143

11. David DeFranco 34 38, 41 34 147

12. Andy Carrigan 33 40, 37 39 149

13. Bob Potts 37 40, 36 37 150

14. Ron Heatherly 39 38, 37 38 152

15. Jason Marcellus 38 36, 39 41 154

16. Brent Jorden 40 38, 37 41 156

17. Ron Toth 35 43, 38 43 159

18. Jesse Stillmak 38 38, 41 43 160

19. Robbie Evans 42 44, 40 38 164

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Championship Best Ball

Bryan Myers-Rico Simonetti 29 29, 28 32 118

Thadd Obecny II-Chris Palmer 28 32, 31 30 121

Bob Potts-Mike Wilson 32 33, 31 30 126

Eric Coe-Dave Frey 32 32, 32 30 126

Brent Jorden-Joey Seabright 33 31, 32 32 128

Mike Neal-Anthony Reasbeck 32 31, 34 33 130

Jay Davis-Andy Carrington 31 34, 35 30 130

Jesse Stillmak-Tom Stillmak 35 29, 33 34 131

Eli Lambie-Larry Goodnight 33 33, 32 34 132

Cory Toth-Ron Toth 31 33, 36 32 132

Shayne Wilson-John B. Wilson 35 33, 30 34 132

Jim Hribel-Jason Marcellus 31 31, 34 38 134

David DeFranco-Gary Mercer 33 34, 34 33 134

Jacob Carpenter-Geoffrey Lucas 32 33, 35 36 136

Robbie Evans-Doug Miller 34 34, 35 33 136

Bill Fox-Ron Heatherly 34 34, 34 35 137

Scott Hand-Cole Hand 35 31, 36 36 138

Nathan Clingenpeel-Ryan Loos 34 39, 38 36 147

Michael Joseph-Bob Palmer 38 40, 34 41 153

Andrew Gobleck-Mike Spitak 39 38, 41 42 160

David Coram-Chuck Heyman 45 49, 43 44 181

----------------------------------------------------------------------------

Senior

Mike Greene 38 35, 31 33 137

Steve Misgala 31 36, 36 34 137

Randy Walker 32 38, 35 33 138

John Bailey 31 33, 36 38 138

Tom Stillmak 37 30, 37 35 139

John B. Wilson 38 35, 33 35 141

Floyd Schuler 37 36, 33 37 143

Larry Goodnight 38 36, 35 35 144

Micheal R Potts 37 35, 36 36 144

Jim Hribel 32 35, 38 40 145

Paul Carney 34 36, 38 37 145

Kirk Nolte 35 32, 42 37 146

Ron Helms 35 34, 39 39 147

Russ Travis 39 36, 39 35 149

Jim Ennis 36 37, 36 40 149

Rich Mur 39 38, 36 38 151

Jim Wagner 34 40, 41 41 156

Bruce Grover 36 41, 39 40 156

Arnold Cook 41 39 39, 38 157

Duane Lescalet 36 41, 39 43 159

Ted Koski 41 39, 41 40 161

Joe Fatigati 41 38, 42 44 165

Rick Diefenbaugh 39 44, 40 44 167

Bob Hicks 42 42, 46 40 170

-------------------------------------------------------------------

Senior Best Ball

*Ron Helms-Roger Kupfer 31 29, 33 32 125

Mike Greene-John Bailey 31 32, 29 33 125

*won playoff

--------------------------------------------------------------------------

Juniors

Thadd Obecny II 34 36, 32 33 135

Jacob Carpenter 32 37, 40 37 146

Shayne Wilson 37 37, 32 41 147

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STRATEGY ANALYTICS: Sony Best Recognized Brand for Automotive ... - Businesswire.com

Posted: 30 Aug 2009 06:11 PM PDT

Bose and Pioneer Owners Most Satisfied

BOSTON--(BUSINESS WIRE)--When choosing an automotive entertainment system, more US, UK, and French consumers trust the Sony brand than any other brand. However, owners of Sony automotive entertainment systems are less satisfied than owners of Bose and Pioneer systems, which were also popular brand names for automotive entertainment. These findings were based on surveys with 625 automotive consumers in the US and Western Europe. Details may be found in the Strategy Analytics Automotive Consumer Insights report, "Sony Ahead in Entertainment Brand Recognition."

"While Sony was the most preferred brand, Bose had a particularly strong showing in all regions in terms of brand recognition and owner satisfaction," commented Chris Schreiner, Senior Analyst at Strategy Analytics. "However, Bose was not as well-known, particularly among European consumers."

Joanne Blight, Director in the Strategy Analytics Global Automotive Practice, added, "While Sony led in brand recognition among US, UK, and French consumers, German consumers preferred the German manufacturer Blauplunkt."

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