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McGuinty attacking on five fronts
In a luncheon address to the London Chamber of Commerce, McGuinty reassured the business community his government's five-point plan will help stem the tide of job losses, but it can't control the value of the Canadian dollar, price of oil and the U.S. economy, all of which have combined to hammer the manufacturing sector here.
"If I could wave a magic wand and reassure everyone in Ontario they would not lose their job, I would have done it by now," McGuinty said. "We will work as hard as we can to turn this around as quickly as we can."
Last week, Sterling truck in St. Thomas announced it will slash 720 jobs, joining 600 on layoff at the plant. That's the latest in what has been an ongoing saga of layoffs and plant closings in the area.
In the last year about 1,000 manufacturing jobs have been lost in the London region and 8,000 manufacturing jobs have been cut over five years, helping fuel the city's unemployment rate of 7.4 per cent. more
MediaG3 in China wireless partnership Silicon Valley / San Jose
San Jose-based MediaG3 (OTCBB:MDGC), a ldeveloper for broadband wireless product and interactive rich-media content delivery applications, did not disclose terms of the deal.
Beijing Digital Media is a joint venture among China SARFT, China Aerospace New World and Zhong Guang Cable and Information Technologies.
MediaG3 said the deal is for "tens of millions" of subscribers and includes services for interactive digital TV and Internet access.
"This partnership opens the door for MediaG3 in China's digital wireless and mobile application market," said MediaG3.
. moreRoads to avoid in the business journey
Donald R. Keough presents the opposite in �The Ten Commandments for Business Failure� (www.penguinclassics.com). Drawing on his more than sixty years of experience, much of which was as the chief of Coca-Cola, the author sombrely observes that businesses fail because of the leaders. Companies are artificial constructs, and are the product and extension of the personal characteristics of the leaders, he reasons. The first commandment in his cautionary tale is, �Quit taking risks.� As our lives get softer and richer and more comfortable, the temptation to quit taking risks is so great, Keough warns. �It�s one of the major diseases of success. It�s easy to succumb, particularly as you get older.� The second recipe for disaster is to be inflexible. Such people are so set in their ways, so sure that they have the formula for success that they simply cannot see any other way of doing things, the author explains. more
Recent Business Opportunity Services Prepaid Legal News
Regulatory fight gets 'nasty' over subsidies for low-income cell phone service - Oregonian
The Citizens' Utility Board of Oregon was celebrating Monday after a prepaid cell phone company from Florida -- TracFone Wireless -- tried and failed to kick CUB out of a regulatory proceeding in Salem. CUB, a ...
Read moreCVB Financial Corp. Comments on Status of Business - PR Inside
CVB Financial Corp. (NASDAQ: CVBF) and its subsidiary, Citizens Business Bank, announced today it reported in its recent 10Q filing on August 9, 2010 that it received a subpoena from the Los Angeles office of the ...
Read moreCytomedix Reports Second Quarter 2010 Financial Results - msnbc.com
ROCKVILLE, Md., Aug. 16, 2010 (GLOBE NEWSWIRE) -- Cytomedix, Inc. (NYSE Amex:GTF) (the "Company"), a leading developer of biologically active regenerative therapies for wound care, inflammation and angiogenesis, today ...
Read moreMediciNova Reports Second Quarter 2010 Results - msnbc.com
SAN DIEGO, Aug. 16, 2010 (GLOBE NEWSWIRE) -- MediciNova, Inc., a biopharmaceutical company that is publicly traded on the NASDAQ Global Market (Nasdaq:MNOV) and the Hercules Market of the Osaka Securities Exchange (Code ...
Read moreInovio Pharmaceuticals Reports Second Quarter 2010 Financial Results - Marketwatch
BLUE BELL, Pa., Aug 16, 2010 (BUSINESS WIRE) -- Inovio Pharmaceuticals, Inc. (CONSOLIDATED:INO) today reported financial results for the quarter ended June 30, 2010. Total revenue was $1.1 million and $2.5 ...
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IRVINE, Calif., Aug 12, 2010 (BUSINESS WIRE) -- --Strategic Investments in Talent Acquisition and Website Upgrades Impact Short-Term Results --Internally Generated Leads Grew to Over 35% of ...
Read moreFinancial Evil: Unscrupulous Buisness Practices of Sallie Mae, Other Loan Companies - Associated Content
companies on the list of lenders that many students are warning new students about. Sallie Mae has used unscrupulous business tactics to get students to pay up meaning they're using the legal system to their ...
Read moreInfo freedom at center of Gulf's BlackBerry debate - CharlotteObserver.com
In this photo taken Thursday, Aug. 5, 2010, a BlackBerry user displays a text message sent by his service provider notifying him of the suspension of services, at a mobile shop in Dubai, United Arab Emirates ...
Read moreAIG Reports Net Loss for 2Q - TradingMarkets.com
American International Group reported a net loss attributable to AIG of $2.7 billion for the second quarter of 2010, or $(3.96) per diluted common share, compared to net income of $1.8 billion, or $2.30 per ...
Read moreMoney Matters - Seattle Post Intelligencer
Baby boomers should be on the lookout for investment traps as they seek jump-start their investment portfolios as the impact of the financial crisis and increased market volatility continue. "Knowledge, attention to ...
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