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PRESS DIGEST-Australian Business News - Jul 18
The revamp will improve the ability of Westpac branches to conduct retail banking and small business banking, and to vend wealth products. Ms Kelly also announced the creation of a dedicated technology division. Page 21. --The Philippine government is hoping talks between BHP Billiton and local joint venture partner Asiaticus Management Corp will resolve a deadlock over the development of a nickel mine in the country. BHP and Asiaticus have been in conflict over plans to develop the project on the Pujada peninsula, which has estimated nickel ore reserves of 150 million tonnes at 1.3 percent concentration. 'Hopefully, we will have something within the month,' Philippine Environment Secretary Jose Atienza said yesterday. Page 22. --Broker UBS yesterday warned that the introduction of an emissions trading scheme (ETS) will put pressure on the transport sector, particularly airlines. more
Pharmaceuticals: New boss recruits dragons to light a fire under Glaxo
The overhaul, he said, would lessen GSK's reliance on a handful of blockbuster drugs, diversify the business geographically, particularly into emerging markets, and further cut costs.
"Today about 60% of our sales are accounted for by 10 drugs," he said. "What we want to do over time is broaden that concentration of our assets. I want to make sure this company doesn't have periods of boom and bust in R&D output. I want this company to be a sustained deliverer of product flow."
Additional investment will be directed toward the higher growth areas such as vaccines and consumer healthcare and over-the-counter medicines. He said potential customers, such as the NHS, would be brought in earlier in the development process to ensure that GSK's money was being invested in the right place. more
Tresor Properties Adds Orange County Business Leaders to
(Business Wire) Tresor Properties, a premier Laguna Beach real estate investment, construction and brokerage company, today announced the appointment of two Orange County business leaders to its investment group – former C&D Aerospace Group Executive Vice President Daniel Hill and Big Train, Inc. Co-Founder Craig Meyers.
Helping to fuel the expansion of the company’s real estate portfolio, Hill and Meyers are investors in Tresor’s current construction projects in Laguna Beach, Calif., and East Cape, Baja, Mexico, and will help the company cultivate a network of relationships with potential investors, sellers and brokers.
"As respected business leaders in their respective industries, Daniel and Craig are invaluable assets to the Tresor team and we are honored have them on board as partners," said John Fischbeck, president and founding partner of Tresor Properties. more
GT Solar International, Inc. Comments on LDK Relationship
MERRIMACK, N.H., Jul 25, 2008 (BUSINESS WIRE) ----GT Solar International, Inc. (NASDAQ: SOLR) today issued the following statement concerning the announcement by LDK Solar that it has signed a contract to purchase JYT multicrystalline and monocrystalline furnaces. According to the announcement, LDK Solar has been granted the exclusive right by JYT to purchase furnaces for the contract period, which extends through 2010.
Bob Woodbury, chief financial officer for GT Solar International, Inc. made the following statement.
"This announcement by LDK does not in any way impact GT Solar's backlog, nor do we believe it will have any effect on our internal targets or projections. In fact, LDK Solar's total orders represent less than 20 percent of our current backlog. Moreover, LDK's furnace orders represent less than eight percent of our current backlog. more
Cast Iron Systems and Taleo Partner to Deliver Fast and Flexible
Using the Cast Iron Integration Solution for Taleo Business Edition, whether on-premise or hosted in the cloud, companies can reduce integration costs by as much as 80 percent as compared to traditional software-based integration alternatives. With no integration software to purchase, install, or maintain, customers can integrate Taleo Business Edition and their existing human resource and payroll systems in days, streamlining their talent management process from initiating a job requisition, through recruiting candidates, to bringing an employee on board. Further, the Cast Iron Integration Solution for Taleo Business Edition allows customers to easily migrate data from any legacy Applicant Tracking System into Taleo Business Edition.
According to Knowledge Infusion research, "one of the biggest concerns with talent management vendors is lack of integration among modules," said Jason Corsello, vice president of the Knowledge Infusion Center of Excellence. more
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