The News Review:
- Brigitta Herzfeld Joins Management Team at Thomas J. Herzfeld …
- Award Winning Curiosity Kits(R) Brand Grows With New Management
- Lehman Wins Approval for Manager Buyout of Neuberger
- Bettenhausen to head California Emergency Management Agency
- Caterpillar cuts pay and puts buyouts on table
- Ryder Agrees to Acquire Edart Leasing in Northeast US
- Cerberus Is Blocking Withdrawals
Brigitta Herzfeld Joins Management Team at Thomas J. Herzfeld …
CNNMoney.com
Her focus will be Asian and emerging marketclosed-end funds but she will also be involved in research and operationsincluding duties related to The Herzfeld Caribbean Basin Fund Inc. Brigitta is a graduate of Bowdoin College (BA Government and LegalStudies) Singapore Management University (Asian Executive ManagementProgram) Stanford University (MA East Asian Studies) and theMassachusetts Institute of Technology Sloan School of Management (MBA). Prior to joining Thomas J. Herzfeld Advisors Inc. she worked at theinvestment banking firms of Goldman Sachs and Lehman Brothers Japan. Brigitta is the author of Buying Asia at a Discount published in theGuru’s Corner CBS MarketWatch (2004) and she spent many summers as anintern in the family business while attending school.
Award Winning Curiosity Kits(R) Brand Grows With New Management
CNNMoney.com
A freshmarketing strategy new website and new and revamped products nowshipping help to redefine the award winning Curiosity Kits® children’scraft line. Ken Ninomiya recently named VP Sales & Marketing outlines plans to makeCuriosity Kits a mainstay in American homes. “Curiosity Kits has played amajor role in the lives of children over the last twenty years! urmission is to refocus our strategy on the product line to help the brandevolve and re-shape it for today’s kids. We’ve gone back to basics andbegan by asking key fundamental questions: What do children need to expressthemselves? What would help parents support their children’s effort andexplorations? What curiosity can we help meet while being different andjust plain fun? The answer we discovered is helping us to reenergize theline for 2009 and beyond.
Lehman Wins Approval for Manager Buyout of Neuberger
Bloomberg
22 (Bloomberg) — Lehman Brothers Holdings Inc. won court approval to sell its investment-management division toexecutives of the Neuberger Berman arm and plans to distributethe stock to creditors. The deal approved today by U.
Bettenhausen to head California Emergency Management Agency
Central Valley Business Times CA
centralvalleybusinesstimes. Arnold Schwarzenegger Mr. Bettenhausen has served as director for the Governor’s ffice of Homeland Security since 2005. Additionally he is currently co-chairman of the National Homeland Security Consortium and vice-chairman of the National Governors Association Homeland Security Advisors Council. Prior to joining the Schwarzenegger Administration he served as the first director of State and Territorial Coordination for the U.
Caterpillar cuts pay and puts buyouts on table
MarketWatch
“We understand these decisions will disrupt the lives of many of our employees and their families and we regret the need to take these steps” Chairman and CE Jim wens said according to a Caterpillar statement. “We considered waiting until January to make this announcement but decided it was better to communicate these plans with our employees as we approach the completion of our 2009 planning process. The company said it will cut executive pay by up to 50% senior managers’ pay by 5% to 35% and management and support-staff pay by up to 15%. Caterpillar will also give employees the option of signing up for a voluntary separation plan by Jan.
Ryder Agrees to Acquire Edart Leasing in Northeast US
CNNMoney.com
(NYSE: R) a recognized leaderin transportation and supply chain management solutions today announced ithas reached an agreement to acquire substantially all the assets of thefull service truck leasing commercial truck rental and contractmaintenance businesses of Edart Leasing Company LLC a Northeast U. regional transportation services company based in Hartford Connecticut. The acquisition is expected to be finalized in January 2009 and is subjectto customary closing conditions. “Edart Leasing is a well-known and respected family-owned transportationservice provider that has been a strong competitor in the Northeast” saidRyder Chairman and Chief Executive fficer Greg Swienton.
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Cerberus Is Blocking Withdrawals
Wall Street Journal
–>Cerberus Is Blocking Withdrawals ArticleCommentsmore in. Stephen Feinberg the head of the New York-based investment firm told clients in a letter last week that the flagship Cerberus Partners fund plans to pay 20% of year-end withdrawals in cash and suspend the remaining withdrawals for investors for up to one year. Separately Blackstone Group LP said Tuesday it will spin out Kailix.