The News Review:
- Former ption Care Executives Take Management Posts At Akorn
- Wachovia unit to pay $40M settlement
- Are Commercial Buildings Ready for pen-Source Energy Management?
- AP source: Chrysler management changes coming
Former ption Care Executives Take Management Posts At Akorn
CNNMoney.com
” Akorn Chairman John N. Kapoor said “I am pleased with the progress thecompany has made in the last few months. With the addition of the new managementteam we believe the company is on the path to capitalize on the opportunitiesthat exist in the fast growing generic pharmaceutical industry. ” The company reported sharply higher revenue in the first quarter as it hasbeen working to become cash-flow positive and cut costs. Akorn makes sterilespecialty pharmaceuticals and had $4. 7 million of cash as of March 31. The stockis down 80% the past eight months.
Wachovia unit to pay $40M settlement
Bizjournals.com
and an affiliate have agreed to pay $40 million to settle allegations of securities-law violations. The Securities and Exchange Commission accused the companies of overstating the value of a mutual fund that invested primarily in mortgage-backed securities and then only selectively telling shareholders about the fund’s valuation problems. Evergreen neither admits nor denies the allegations. The SEC’s enforcement action against Evergreen and its distributor.
Are Commercial Buildings Ready for pen-Source Energy Management?
Reuters
While we’ve covered open source-based home area energy management systems the penLynx project started by Anno Scholten vice president of business development for NovusEdge is looking to tackle the underlying software that controls the energy consumption of massive commercial buildings. n the expo floor of the Connectivity Week conference in Santa Clara Calif. on Tuesday Scholten plans to show off a demo of the project’s first application built on penLynx: a smart meter reading service implemented in 26 commercial buildings by a company in Washington D. Scholten told us after a roundtable talk on Monday that this first application will help prove the open-source building automation technology.
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AP source: Chrysler management changes coming
The Associated Press
The management changes will go deeper than the previously announced departure of CE Bob Nardelli and Vice Chairman Tom LaSorda as Fiat CE Sergio Marchionne takes control of the company’s day-to-day operations said the official who requested anonymity because the changes have not been made public. “It’s going to go beyond just a couple of people” the official said. “I think you’re going to see a different way of operating and organizing the company. That’ll be partly names and faces it’ll be partly how the organization functions. “The official would not say specifically what changes would be made but said Fiat’s management team is one of two in the world with expertise in fixing a troubled automaker with the other at the combined Renault-Nissan.