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Big business takes the wheel in race against road toll
The leading cause of death among Queenslanders aged 16 to 25 is road crashes, while 14 per cent of young drivers crash within their first year.
These sorts of startling statistics have prompted one Australian company to offer free driving lessons to 500 Queensland students to help lower the road toll.
Education Minister Rod Welford was today scheduled to launch the Leighton Contractors Youth Drive Safe Initiative at Ferny Grove State High School.
The initiative will provide five hours of free driving lessons to senior students at 10 South-East Queensland high schools over the next six months.
At the launch, Mr Welford hailed the program as an ideal way for an Australian company to "give back to the community".
"Anything we can do to better educate and inform our young road users is a step in the right direction and I call on other companies to follow Leighton Contractors' lead and think about how they can give back to their communities," Mr Welford said. more
Alberto-Culver sells Cederroth business
Alberto-Culver Co., which makes beauty-care products, said Monday it agreed to sell its Cederroth International business to CapMan, a private-equity firm.
The company said a fund managed by CapMan will buy all the outstanding shares of the Alberto-Culver subsidiary. The financial terms of the deal were not disclosed.
Sweden-based Cederroth manufactures and markets consumer products in the Nordic region and in parts of Europe.
Alberto-Culver said the sale will allow it to focus on its core beauty brands, including TRESemme, Nexxus, Alberto VO5 and St. Ives.
The deal is expected to close this summer.
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Do Supermarket BOGOF Deals Encourage Unhealthy Lifestyles?
Beyond BOGOFs, actions to limit marketing's contribution to rising obesity rates is needed, including regulation of junkfood advertising.
BHF's primary concern is children's diets. HFSS food marketing that targets children is too prevalent, and while we must all increase our efforts to deliver positive messages about diet, there is still an onus on the government to stop this bombardment of children.
Andrew Nebel, commercial director, Barnardos
Yes. If restrictions on advertising to children continue to force brands away from presenting quality-based messages, they will understandably default to other elements of the marketing mix, such as pricing.
This will result in consumers being presented with attractive price-based incentives to buy less healthy products, particularly among C2/DE families with children, which the rising cost of living is hitting hardest. more
IBFX Named As Finalist for Three 2008 American Business Awards
On the heels of more than 128 percent growth in 2007, Interbank FX (www.IBFX.com), a leading provider of online foreign currency (Forex) trading, today announced that for the second time in as many years, the company has been named as a finalist for three 2008 American Business Awards.
The Stevie Awards' Board of Distinguished Judges & Advisors recognized IBFX in the three following categories:
(1) Best Chairman--Todd Crosland, IBFX Chairman & President
(2) Best Marketing Executive--Marilyn McDonald, IBFX Marketing Director
(3) Best New Product or Service--IBFX U
More than 2,600 entries from companies of all sizes and in virtually every industry were submitted for consideration in more than 40 categories, including Best Overall Company, Best Executive, Best New Product or Service, Best Corporate Social Responsibility Program, and new categories including Best Management Team and Best Corporate Environmental Responsibility Program. more
Earnings: Disney Inches Past Estimates; Cable Networks Business
Disney ( NYSE: DIS) announced quarterly revenue of $9.23 billion, up 2 percent form last year, and edging out analyst estimates of $9.14 billion. Net income was up 7 percent to $1.28 billion. Diluted EPS, excluding an accounting adjustment was $.62, just a shade ahead of $.61 consensus estimates. The results almost look like the opposite of Viacom's ( NYSE: VIA) report from yesterday. Cable Networks revenue was up 12 percent to $2.59 billion, while total media networks revenue was up 8 percent to $4.12 billion. Recall that Viacom basically showed no growth at its cable networks, depending entirely on Rock Band to lift media revenue. Cable Networks op income was up 14 percent to $1.2 billion, which the company attributed to its ESPN franchise and international growth at the Disney Channel.
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