The News Review:
- Horse advocates decry government euthanasia option
- BPO Management Services Announces Financial Results for Third …
- Duke shuffles management team
- Saturday is Redemption Day for hedge funds
Horse advocates decry government euthanasia option
The Associated Press
(AP) — A stampede of opposition is growing over a proposal by the U. Bureau of Land Management to kill or allow unrestricted sale of wild horses captured from western public land because of budget constraints. Tens of thousands of horse advocates have voiced outrage at the idea of slaughtering what many revere as romantic symbols of the American West. “Most Americans view these horses as the greatest symbols of our American freedom,” said Ross Potter of Phoenix.
BPO Management Services Announces Financial Results for Third …
MarketWatch
* BPOMS has proposals in process for an additional $6 million in ITO
projects, and the pipeline for new business is accelerating due to the
pressure for corporations to reduce costs in the challenging economic
environment. The Company’s Pearl River ITO facility is at approximately 50%
capacity, providing significant room to expand without significant capital
expenditures. * BPOMS Enterprise Content Management (ECM) business experienced a
temporary slowdown. Following a restructuring of management, the division is
back on-track and October was a record month for the ECM segment. * The Company also reorganized its HRO segment to reflect demand for a
“Software as a Service” (SaaS) model. This adjustment is expected to result in
improved performance in the fourth quarter and beyond. * Management continues to anticipate $30 million in revenue for the full-
year (2008) and expects to be EBITDA-positive as it enters 2009.
Duke shuffles management team
Bizjournals.com, NC
She will be replaced by Brett Carter, who currently heads business development and customer service. Their new jobs are part of a broader restructuring. “The changes position the company to strengthen its focus on new generation, delivery efficiency and service excellence,” says Jim Rogers, chief executive of parent.
Saturday is Redemption Day for hedge funds
Financial Post, Canada
Hedge fund returns are down an average of about 20% for the year. To cope, hedge funds have been laying off employees, cutting the hefty fees they charge investors, shutting down certain funds and setting up emergency gates to put a clamp on withdrawals. Platinum Grove Asset Management, a hedge fund co-founded by Nobel prize winner and math whiz Myron Scholes, halted investor redemptions from its biggest fund after it dropped nearly 30% in the first half of last month. Carl Icahn, meanwhile, ended up injecting US$250-million of his own money into one of his hedge funds to avoid having to dump assets at bargain-basement prices amid a surge in redemption requests. Barton Biggs, a New York-based hedge fund manager, doesn’t expect, as some fear, "a tsunami of redemptions from disillusioned investors. "His view is in part because "the panic has abated," he wrote in an article in the latest issue of Fortune magazine.
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