MasterCard(R) is conducting its Click And Be Generous(TM) campaign to aid Stand Up To Cancer(TM).Between now and December 31,for any online purchase made with a debit or credit MasterCard,MC will donate 1 cent to SU2C up to 2,000,000 dollars.This includes bill payments.So far,MC has donated about 600,000 dollars to the charity through this campaign.
In a TV promo,actor and SU2C ambassador Ty Burrell surprised a woman who had unknowingly contributed to the fundraiser by using her MasterCard.Burrell is best known for his role as Phil Dunphy in the ABC sitcom "Modern Family,"winning an Emmy Award for it in 2011.
SU2C is a program of the Entertainment Industry Foundation.Funds raised are dedicated to accelerating groundbreaking research that will get new therapies to patients quickly and save lives now.By rallying the entertainment industry,the program raises awareness and builds broad public support for the effort.
Friday, November 30, 2012
Tuesday, November 27, 2012
Big Oil and Gas Deal:CNOOC Accedes To Government Requests
It looks as though a major Canadian natural resources firm will soon be in Chinese hands.State-controlled CNOOC,China's largest offshore oil and gas company,has agreed to key conditions for government approval of its planned 15.1 billion dollar takeover of Canadian energy firm Nexen.The requests were submitted by Alberta Premier Alison Redford in October,according to sources familiar with the matter.Positive sentiment about the deal has also been coming out of the Canadian capital,Ottawa.
CNOOC will reportedly tow the line and accept management and employment conditions.At least 50% of Nexen's board and management slots must be filled by Canadians once the acquisition is completed.Matters related to capital spending requirements and CNOOC's state enterprise status remain under negotiation.
Nexen is an upstream energy company that explores and develops major oil and gas basins globally.It has projects in the UK North Sea;offshore West Africa;the Gulf of Mexico;and Western Canada.The company is active in both conventional and unconventional resources,including shale and oil sands.
Nexen,Inc.(NXY),CNOOC,Ltd.(CEO)
CNOOC will reportedly tow the line and accept management and employment conditions.At least 50% of Nexen's board and management slots must be filled by Canadians once the acquisition is completed.Matters related to capital spending requirements and CNOOC's state enterprise status remain under negotiation.
Nexen is an upstream energy company that explores and develops major oil and gas basins globally.It has projects in the UK North Sea;offshore West Africa;the Gulf of Mexico;and Western Canada.The company is active in both conventional and unconventional resources,including shale and oil sands.
Nexen,Inc.(NXY),CNOOC,Ltd.(CEO)
Monday, November 26, 2012
Asia This Day:The Bangladesh Factory Fire;China's Big Auto Show
A garment factory belonging to the subsidiary of the Tuba Group,a company that does business with Walmart,Carrefour and IKEA,burned to the ground near Dhaka,the capital of Bangladesh,killing at least 124 overtime workers.The eight storey building had no emergency exits or firescapes.
Thousands of onlookers,including family members,were restrained by police and soldiers.
The fire started in the first floor warehouse,a fire service official said.It then raced up the walls,trapping the workers,many of whom were burned beyond recognition.They had been making garments such as t-shirts,polo shirts and fleece jackets.
Several workers who escaped to the roof were rescued.Twelve who jumped out of windows died in hospital.
A Walmart spokesman said it was unclear whether the factory,which had been cited for safety violations,was still doing work for the world's largest retailer.In 2011,Walmart ceased doing business with 49 of Bangladesh's estimated 4500 garment factories because of fire safety violations.It was working with its suppliers to phase out production from such high risk buildings.
Bangladesh is located on the Bay of Bengal,between India and Myanmar.It is the world's largest clothing exporter.
The Guangzhou Auto Show is being held in China this week.China is the world's largest car market.Some 18.5 million cars were sold in China in 2011.Sales are expected to grow about 7% this year.
Volkswagen expects to become the world's largest automaker through its Chinese business,much of which is conducted with Chinese partners.While it will produce 1 million cars in Germany this year,VW will roll 2.7 million vehicles off its Chinese assembly lines.
Thousands of onlookers,including family members,were restrained by police and soldiers.
The fire started in the first floor warehouse,a fire service official said.It then raced up the walls,trapping the workers,many of whom were burned beyond recognition.They had been making garments such as t-shirts,polo shirts and fleece jackets.
Several workers who escaped to the roof were rescued.Twelve who jumped out of windows died in hospital.
A Walmart spokesman said it was unclear whether the factory,which had been cited for safety violations,was still doing work for the world's largest retailer.In 2011,Walmart ceased doing business with 49 of Bangladesh's estimated 4500 garment factories because of fire safety violations.It was working with its suppliers to phase out production from such high risk buildings.
Bangladesh is located on the Bay of Bengal,between India and Myanmar.It is the world's largest clothing exporter.
The Guangzhou Auto Show is being held in China this week.China is the world's largest car market.Some 18.5 million cars were sold in China in 2011.Sales are expected to grow about 7% this year.
Volkswagen expects to become the world's largest automaker through its Chinese business,much of which is conducted with Chinese partners.While it will produce 1 million cars in Germany this year,VW will roll 2.7 million vehicles off its Chinese assembly lines.
Friday, November 23, 2012
Tuesday, November 20, 2012
Business in Brief:Tim Geithner;Best Business Schools
The majority of businessmen have learned to give and take,according to Morgan Stanley CEO John Mack.Treasury Secretary Tim Geithner had the world on his shoulders.He'll be respected.
He did an outstanding job with the Chinese executives that visited him.I thought he was superb in the way he handled that.He didn't preach.
I think there would be a position for him on Wall Street.
AT and T will invest 14 billion dollars in broadband networks.It is also raising its dividend.Tech is the best-positioned sector under President Barack Obama,BMO Capital Markets believes.
With regard to the fiscal cliff negotiations,Professor John Cochrane of the University of Chicago Booth School of Business said the chance of another one year extension seems high to me,given how far apart we are in the basics.It needs real political leadership.That's roughly what happened in the 1980s.
Let's hope they can do it,lowering tax rates while eliminating deductions.That is tremendously pro-growth.The whole trick is to get this chaos out of our tax code.To focus on starting a business rather than consulting a tax lawyer-that would be pro-growth.
The Booth School of Business is rated the best this year by Businessweek magazine.Harvard Business School came in second,while the University of Pennsylvania Wharton School of Business got third.
Morgan Stanley(MS),AT and T(T)
He did an outstanding job with the Chinese executives that visited him.I thought he was superb in the way he handled that.He didn't preach.
I think there would be a position for him on Wall Street.
AT and T will invest 14 billion dollars in broadband networks.It is also raising its dividend.Tech is the best-positioned sector under President Barack Obama,BMO Capital Markets believes.
With regard to the fiscal cliff negotiations,Professor John Cochrane of the University of Chicago Booth School of Business said the chance of another one year extension seems high to me,given how far apart we are in the basics.It needs real political leadership.That's roughly what happened in the 1980s.
Let's hope they can do it,lowering tax rates while eliminating deductions.That is tremendously pro-growth.The whole trick is to get this chaos out of our tax code.To focus on starting a business rather than consulting a tax lawyer-that would be pro-growth.
The Booth School of Business is rated the best this year by Businessweek magazine.Harvard Business School came in second,while the University of Pennsylvania Wharton School of Business got third.
Morgan Stanley(MS),AT and T(T)
Monday, November 19, 2012
Asia This Day:Obama in Southeast Asia;Woodside Petroleum
President Barack Obama has arrived in Southeast Asia.He visited Myanmar today,Monday,the first sitting US president to do so.Later,he will attend the ASEAN summit in Phnom Penh,Cambodia.The President is expected to seek trade opportunities in the region;the ASEAN leaders will be discussing territorial disputes with China in the South China Sea,as well as human rights,at the summit.
The President went to Myanmar,formerly known as Burma,to encourage the country's transition to democracy from military dictatorship.He will also be the first sitting US president to visit Cambodia.
Australia's Woodside Petroleum is also working in Myanmar.CEO Peter J. Coleman said we see Mynamar as holding a lot of promise for the future.We expect to be drilling maybe sometime around 2014.
Woodside Petroleum is Australia's largest dedicated oil and gas firm.It is a world leader in liquified natural gas production.Mr.Coleman,who has a BEng and an MBA,had served 27 years with Exxon Mobil before assuming his current leadership role.
The IEA says world energy demand will increase by one third by 2035.
The MSCI Asia Pacific index rose 1.15% in early Monday trading,and Asian currencies were up on optimism the US will avoid going over the fiscal cliff.
Woodside Petroleum Ltd(ASX:WPL)
The President went to Myanmar,formerly known as Burma,to encourage the country's transition to democracy from military dictatorship.He will also be the first sitting US president to visit Cambodia.
Australia's Woodside Petroleum is also working in Myanmar.CEO Peter J. Coleman said we see Mynamar as holding a lot of promise for the future.We expect to be drilling maybe sometime around 2014.
Woodside Petroleum is Australia's largest dedicated oil and gas firm.It is a world leader in liquified natural gas production.Mr.Coleman,who has a BEng and an MBA,had served 27 years with Exxon Mobil before assuming his current leadership role.
The IEA says world energy demand will increase by one third by 2035.
The MSCI Asia Pacific index rose 1.15% in early Monday trading,and Asian currencies were up on optimism the US will avoid going over the fiscal cliff.
Woodside Petroleum Ltd(ASX:WPL)
Friday, November 16, 2012
After Open Heart Surgery:The Road Widens Out
Eighteen months after a signature event of my life,the surgical stopping of my heart so a valve repair could be made,the road is widening out.Although the facts of what occurred are permanently emblazoned on my soul,we have reached a medical plateau.There is no longer any need to intensively monitor my progress.I have joined the ranks of the majority of valve repair patients.Now only a yearly assessment of my heart's inner workings is required.
Things have gotten so quiet in there,there are quite frankly better things for my medical team to do with their time,patients who are much sicker than I for them to attend to.That being said,there are still a few reminders of what happened to me.Of course my daily medication regimen is one of them.I am permanently attached to the pharmacy now.A lot of the success may be attributed to the stress that has been relieved by these cardiovascular drugs.My blood vessels are widened to the point where my heart doesn't have to work very hard to pump blood.This helps facilitate the longevity of the valve repair.
Externally,the extensive chest scars are all but invisible now.I can still feel a stinging sensation every day,though,from the wire permanently embedded in my chest.This wire held my sternum together while it healed from being split during surgery.
There are also occasional optical migraines in the form of mild visual disturbances.These have the appearance of meteorites.How appropriate,since the entire experience of major surgery made me feel like an astronaut.It was truly a strange new frontier for me.
Emotionally,there is a freaking out process when the evaluation approaches.You may have to stay in hospital if they find something weird going on in there.Take your scripture with you just in case.
My heart had started to enlarge.I was on the narrow road to heart failure.Now I am on a wide path-for how long I cannot say,but it certainly is more refreshing.
Things have gotten so quiet in there,there are quite frankly better things for my medical team to do with their time,patients who are much sicker than I for them to attend to.That being said,there are still a few reminders of what happened to me.Of course my daily medication regimen is one of them.I am permanently attached to the pharmacy now.A lot of the success may be attributed to the stress that has been relieved by these cardiovascular drugs.My blood vessels are widened to the point where my heart doesn't have to work very hard to pump blood.This helps facilitate the longevity of the valve repair.
Externally,the extensive chest scars are all but invisible now.I can still feel a stinging sensation every day,though,from the wire permanently embedded in my chest.This wire held my sternum together while it healed from being split during surgery.
There are also occasional optical migraines in the form of mild visual disturbances.These have the appearance of meteorites.How appropriate,since the entire experience of major surgery made me feel like an astronaut.It was truly a strange new frontier for me.
Emotionally,there is a freaking out process when the evaluation approaches.You may have to stay in hospital if they find something weird going on in there.Take your scripture with you just in case.
My heart had started to enlarge.I was on the narrow road to heart failure.Now I am on a wide path-for how long I cannot say,but it certainly is more refreshing.
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