Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist

Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist
Journalist @baltimoresun writer artist runner #amwriting Md Troopers Assoc #20 & Westminster Md Fire Dept Chaplain PIO #partylikeajournalist

Tuesday, June 09, 2009

Tribune Names Julio Marenghi Executive Vice President/Sales and Distribution for WGN America

TRIBUNE COMPANY PRESS RELEASE
June 9, 2009

Tribune Names Julio Marenghi Executive Vice President/Sales
and Distribution for WGN America

CHICAGO, June 9, 2009 — Tribune Company today announced the
appointment of Julio Marenghi as executive vice
president/sales and distribution for WGN America. Marenghi,
an industry veteran with more than 30 years of sales
experience, will be responsible for leading all top line
sales efforts, growing distribution and managing the
national cable channel’s day-to-day operations.

“Julio is a proven leader who understands every facet of the
business,” said Ed Wilson, president of Tribune
Broadcasting. “He’s innovative and talented and the
strong relationships he’s forged across the television
advertising industry will serve WGN America well. He’s
the right guy for this position and his consistently
successful record speaks for itself.”

Prior to joining WGN America, Marenghi held significant
leadership roles at CBS Television Stations. Most
recently as president/advertising sales, he was responsible
for the strategic management, operation and top line sales
of 27 stations. His leadership of local, national and
digital sales operations and marketing efforts enabled the
station group to increase market share by 10% and improve
the revenue rank in all of CBS’ top 7 markets. He was
also responsible for building the company’s first business
development and marketing division.

“WGN America is a great brand with tremendous potential for
growth—I want to expand our reach and take this operation to
the next level,” Marenghi said. “To do that, we must
boldly define our brand and give advertisers the kind of
customized solutions that best meet their needs in a highly
competitive marketplace.”

Marenghi’s experience also includes serving as president and
general manager of CBS’ New England triopoly of stations and
numerous sales positions at television stations on the east
and west coasts.

Marenghi is a Boston native and a die-hard Red Sox fan who
says he has recently developed a strong interest in the
Chicago Cubs.

---------------------------

CONTACT:
» Gary Weitman (Tribune)
SVP/Corporate Relations
gweitman@tribune.com
312/222-3394

---------------------------

TRIBUNE is America’s largest employee-owned media company,
operating businesses in publishing, interactive and
broadcasting. In publishing, Tribune’s leading daily
newspapers include the Los Angeles Times, Chicago Tribune,
The Baltimore Sun, Sun-Sentinel (South Florida), Orlando
Sentinel, Hartford Courant, Morning Call and Daily
Press. The Company’s broadcasting group operates 23
television stations, WGN America on national cable,
Chicago’s WGN-AM and the Chicago Cubs baseball
team. Popular news and information websites complement
Tribune’s print and broadcast properties and extend the
Company’s nationwide audience. At Tribune we take what
we do seriously and with a great deal of pride. We also
value the creative spirit and are nurturing a corporate
culture that doesn’t take itself too seriously.

--------------------------

To view this press release online, go to:
http://www.tribune.com/pressroom/releases/2009/06092009.html

To view all Tribune press releases on the Internet, go to:
http://www.tribune.com/pressroom/releases/index.html

Creigh Deeds wins Virginia governor's primary

Creigh Deeds wins Virginia governor's primary

State Sen. R. Creigh Deeds won Virginia's three-way Democratic primary for governor Tuesday with shocking ease, defeating a former Clinton White House insider and a former legislative colleague.

The victory sets up a Deeds rematch with Republican Bob McDonnell, who beat him in the 2005 attorney general election by 323 votes.

McDonnell is a conservative with strong ties to religious broadcaster Pat Robertson. He was unopposed for the GOP nomination.

In other races, former Virginia Finance Secretary Jody Wagner won the lieutenant governor primary over first-time candidate A. Michael Signer.

Deeds, the only Democrat in the race not from the Washington, D.C., suburbs, piled up surprisingly large margins across the state, including the northern Virginia region that rivals Terry R. McAuliffe and Brian J. Moran call home.

McAuliffe called Deeds at 8:06 p.m. to concede the race and congratulate him.

Click Here to Read More

Terry McAuliffe Loses Va. Governor's Democratic Primary to Creigh Deeds

7:59 PM EDT Tuesday, June 9, 2009
Terry McAuliffe Loses Va. Governor's Democratic Primary to Creigh Deeds
Democratic underdog takes race despite McAuliffe's vast fundraising advantage. More at http://www.washingtonpost.com.

For more information, visit washingtonpost.com

Supreme Court Clears Way for Sale of Chrysler to Fiat

7:24 PM EDT Tuesday, June 9, 2009

Supreme Court Clears Way for Sale of Chrysler to Fiat
High Court rejects delay sought by Indiana pension funds.

For more information, visit washingtonpost.com

Senate Sets Date for Sotomayor Hearings

Washington Post: Senate Sets Date for Sotomayor Hearings

12:23 p.m. ET Tuesday, June 9, 2009
Senate Sets Date for Sotomayor Hearings
Senate hearings for Supreme Court justice nominee Sonia Sotomayor will begin on July 13.

For more information, visit washingtonpost.com

State Highway Administration begins Md. 97 bridge work in Carroll County

For Immediate Release
Contacts: Kellie Boulware 410-545-0303 or Geoffrey McCammon 301-624-8131

(For more information and a location map, see http://explorecarroll.com/news/2994/md97bridgework/ in www.explorecarroll.com:State Highway Administration begins Md. 97 bridge work

STATE HIGHWAY ADMINISTRATION TO REHABILITATE MD 97 BRIDGE OVER MORGAN RUN IN CARROLL COUNTY

Bridge Deck to Be Replaced This Summer; Temporary Traffic Signals Will Maintain Northbound and Southbound Traffic

(June 8, 2009) – The Maryland Department of Transportation’s State Highway Administration (SHA) will begin a $1 million project this month to replace the bridge deck along MD 97 over Morgan Run in Carroll County. SHA anticipates completing the deck replacement in September, weather permitting. The bridge, built in 1959, is structurally sound; however the concrete deck (the riding surface on the bridge) is in need of replacement.

Crews are installing temporary traffic signals at both approaches of the bridge, which will maintain northbound and southbound MD 97 traffic during the deck replacement. Single-lane closures will continue this week for this phase, Monday through Thursday, 9 a.m. to 3 p.m. and 9 p.m. to 5 a.m., and Friday between midnight and 5 a.m. On Wednesday, June 17, SHA will close the southbound lane along MD 97 over Morgan Run, which is north of MD 26 (Liberty Road).

The deck of this bridge has out lived its usable life; SHA will replace the southbound side of the deck first, followed by the northbound side. The bridge carries approximately 14,500 vehicles a day. SHA awarded the contract to Anchor Construction. SHA encourages motorists to stay alert in work zones and slow down. Those who have questions about traffic operations along MD 97 or other State numbered routes in Carroll County may call SHA’s District 7 Office at 301-624-8100 or toll-free at 1-800-635-5119.

During the next several months there could be more than 350 work zones. Remember that work zones are not only large construction projects possibly taking years to complete, but smaller, mobile operations such as mowing, pothole repair and litter pick ups. Choose to make work zone safety your business at www.choosesafetyforlife.com.

# # #


Kevin Dayhoff Soundtrack: www.kevindayhoff.net Kevin Dayhoff Art: www.kevindayhoffart.com Kevin Dayhoff Westminster: www.westgov.net Twitter: https://twitter.com/kevindayhoff Twitpic: http://twitpic.com/photos/kevindayhoff YouTube: http://www.youtube.com/kevindayhoff Facebook: http://www.facebook.com/profile.php?id=1040426835

Monday, June 08, 2009

Chrysler Deal Stayed. What's That Mean? - The Atlantic Politics Channel

Chrysler Deal Stayed. What's That Mean? - The Atlantic Politics Channel

Shared via AddThis

Gingrich camp: Plagiarism claim 'silly' - Andy Barr - POLITICO.com

Gingrich camp: Plagiarism claim 'silly' - Andy Barr - POLITICO.com

Shared via AddThis

Sotomayor Breaks Her Ankle

Michael D. Shear / Washington Post:

Sotomayor Breaks Her Ankle — Supreme Court nominee Sonia Sotomayor was taken to George Washington University Medical Center in the District this morning for X-rays of her right ankle after stumbling at the La Guardia airport in New York, White House officials said. — The X-ray revealed a small fracture in her ankle.

Traffic alert issued for Winfield/Woodbine for June 21 2009


Traffic alert issued for Winfield/Woodbine for June 21 2009

On June 21, 2009, between 7 a.m. and 11 a.m., the Joanna M. Nicolay Melanoma Foundation’s “TRI-T0-WIN” Events will be sponsoring a triathlon consisting of bicyclists and runners/walkers on the following primary roads to be utilized for the event: Liberty Rd./Rte. 26; Woodbine Rd./Rte. 94; Gillis Falls/Cabbage Spring Roads; and, Rte. 27.

The roads will remain open to traffic, however motorists should use caution and be aware of these other roadway users.

Also, motorists should be aware of any traffic control and directions provided by the Maryland State Police and Carroll County Sheriff’s Department.

Motorists are asked use alternate routes to avoid delays. The Joanna M. Nicolay Melanoma Foundation thanks motorists for their patience and cooperation and reminds them to use caution while driving through these areas.

Contact:
Greg Safko, Race Director/Board Member
Joanna M. Nicolay Melanoma Foundation
PH: 410-984-8170
gsafko AT melanomaresource.org


20090608 SDOSM Traffic alert issued Winfield Woodbine for Je 21

Kevin Dayhoff Soundtrack: http://www.kevindayhoff.net/ Kevin Dayhoff Art: http://www.kevindayhoffart.com/ Kevin Dayhoff Westminster: http://www.westgov.net/

Washington Post News Alert 4:05 PM EDT Monday, June 8, 2009

Washington Post News Alert 4:05 PM EDT Monday, June 8, 2009

Supreme Court Stalls Chrysler-Fiat Deal
The U.S. Supreme Court ruled moments ago that Chrysler cannot yet sell most of its assets to Fiat, a move that has been opposed by three Indiana state pension and construction funds. The ruling grants a stay in the sale as the court gathers more data and schedules a hearing on the matter.

For more information, visit washingtonpost.com

Duct tape making the world a prettier place


Duct tape: making the world a prettier place

Hat Tip: N3KTX – who reports:

DUCT TAPE USE #317

I have to tell you that I have never seen a better use for duct tape in my life.

Makes you want to require everyone to carry a roll for emergencies.

20090608 SDOSM Duct tape making the world a prettier place
20090608_Ducttapemakingtheworldpretty.jpg

Mayor and Town Council of Sykesville Agenda for Monday June 8 2009

Mayor and Town Council of Sykesville Agenda for Monday, June 8, 2009, 7:00 P.M.


QUORUM: Mayor

MINUTES: Town Clerk

TREASURER’S REPORT: Town Treasurer

PUBLIC CONCERNS

BUSINESS

  1. Carroll County Council of Governments – Frank Johnson
  2. Public Safety Report
  3. Proposed Amendment to Map of Historic District Building Ranking – Public Hearing
  4. Mayor and Town Council Stipend
  5. Post Office/Visitor Center – Budget Line Item Reallocation
  6. New Parking Lot – Update

OTHER:

1. MML Carroll/Frederick County Joint Dinner Meeting, Wednesday, June 10, 2009,

6:30 p.m. Mt Airy Firemen’s Activities Bldg.

2. MML Convention, Ocean City, June 28-July 1, 2009

CLOSED SESSION:

1. Legal Consultation

2. Property Acquisition

3. Personnel

f:\dinah\agenda.mtc


Kevin Dayhoff Soundtrack: www.kevindayhoff.net Kevin Dayhoff Art: www.kevindayhoffart.com Kevin Dayhoff Westminster: www.westgov.net

Palin's 'Told Ya So' - Drudge and The Atlantic

From "The Atlantic" - "Washington by Marc Ambinder"

Jun 8 2009, 11:13 am

Palin's 'Told Ya So'

The Drudge Report gets a transcript of Sarah Palin's appearance on Fox News tonight:

PALIN: Well, when you consider that the federal government is about eleven trillion dollars in debt, and we're borrowing more to spend more.. it defies any sensible economic policy that any of us ever learned through college. It defies economy practices and principles that tell ya 'you gotta quit digging that hole when you are in that financial hole'

Palin continues:

"America is digging a deeper hole and how are we paying for this government largesse. We're borrowing. We're borrowing from China and we consider that now we own sixty percent of GENERAL MOTORS - or the U.S. government does... But who is the U.S. government becoming more indebted to? It's China. So that leads you to have to ask who is really going to own our car industry than in America."

HANNITY: You know but it goes back - It does go back a little to the campaign. I mean, 'spread the wealth, patriotic duty...'

PALIN: Kind of a 'we told ya so'.

HANNITY: Well, is that how you feel?

PALIN: That's how I feel! I feel like... and I think that more and more constituents are going to open their eyes now and open their ears to hear what is really going on and realize ok... Maybe we didn't have a good way of expressing that, or articulating that message of 'here is what America could potentially become if we grow government to such a degree that we cannot pay for it and we have to borrow money from other countries, some countries that don't necessarily like America.

And this many months into the new administration, quite disappointed, quite frustrated with not seeing those actions to rein in spending, slow down the growth of government. Instead Sean it is the complete opposite. It's expanding at such a large degree that if Americans aren't paying attention, unfortunately our country could evolve into something that we do not even recognize.
So, even as Palin is rebuffed by the National Republican Congressional Committee--which reportedly did not want her to speak at a fundraising dinner tonight for fear she'd overshadow keynote speaker Newt Gingrich--the govnernor makes a big headline today without appearing at the party engagement, with a "we told ya so" line that will probably reach more conservative voters anyway.

(Note: this is the second time Palin has accused President Obama's economic policies of clashing with basic, college-level economics--something Conor Clarke has taken issue with on his Atlantic Correspondents blog.)

TrackBack

TrackBack URL for this entry:
http://politics.theatlantic.com/mt-42/mt-tb.cgi/9639

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1

The Jailed U.S. Journalists: Business As Usual For North Korea

The two women have become bargaining chips for Pyongyang, Powell writes. READ MORE

2

Victory In Iraq

How Iraq evolves will define America's legacy in the Middle East. READ MORE

3

Sarah Palin In, Then Out, Back In -- And Now Again Out Of Fundraising Dinner

Palin is told she can't address the crowd at a fundraising dinner keynoted by Newt Gingrich. READ MORE

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Obama's Economic Circle Keeps Tensions Simmering

Obama's economic team doesn't always get along. READ MORE

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China Quarantines New Orleans Mayor Nagin On Swine Flu Concerns

Mayor Ray Nagin, his wife, and a security guard are quarantined for possible swine flu exposure. READ MORE

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Iran's George W. Bush

A preview of this week's election in Iran. READ MORE

Westminster Common Council Meeting Agenda for June 8 2009

AGENDA

CITY OF WESTMINSTER, MARYLAND

Mayor and Common Council Meeting of June 8, 2009

1. CALL TO ORDER

Mayoral Proclamation – “Skate Day,” June 20, 2009

Tree Commission Presentation – 20 Years

Electronic Holiday Parade Presentation

Special Presentation – City of Westminster Comprehensive Plan – Water

Resources Element and Municipal Growth Element – Thomas Beyard and

Melissa Hynes

2. MINUTES OF THE MEETING OF MAY 18, 2009

3. CONSENT CALENDAR:

April 2009 Departmental Operating Reports

Extension of Police Department Auto Maintenance Agreement

4. REPORTS FROM THE MAYOR

5. REPORTS FROM STANDING COMMITTEES

6. UNFINISHED BUSINESS:

a. None as of June 4, 2009

7. NEW BUSINESS:

a. None as of June 4, 2009

8. DEPARTMENT REPORTS

9. CITIZEN COMMENTS

10. ADJOURN

The Marine Journey (On My Watch Tonight)

The Marine Journey (On My Watch Tonight)

http://vids.myspace.com/index.cfm?fuseaction=vids.individual&videoid=48109781

(I have not had a chance to visit the National Marine Corps Museum. As a matter of fact I have not been back to Quantico Virginia since 1972. I look forward to the opportunity to re-visit… ~ Kevin Dayhoff)

By: Mike Corrado

Videos: 7 (see all)

Description:
A trip to the National Marine Corps Museum set to the song "On My Watch Tonight" by Mike Corrado.

I had a chance to finally see the National Marine Corps Museum in Quantico, VA. I thought Id share some of it with you. What an amazing place.

The Marine Journey (On My Watch Tonight)


20090608 The Marine Journey On My Watch Tonight
Kevin Dayhoff Soundtrack: www.kevindayhoff.net
Kevin Dayhoff Art: www.kevindayhoffart.com
Kevin Dayhoff Westminster: www.westgov.net
Twitter: https://twitter.com/kevindayhoff
Twitpic: http://twitpic.com/photos/kevindayhoff
YouTube: http://www.youtube.com/kevindayhoff
Facebook: http://www.facebook.com/profile.php?id=1040426835

Recent Explore Carroll Columns by Kevin Dayhoff

Recent Explore Carroll Columns by Kevin Dayhoff

Remember when you could walk to work in Westminster?
Published June 7, 2009 by Carroll Eagle

Company H: from the Frizellburg greenhouses to the sands of Omaha Beach
Published June 3, 2009 by Westminster Eagle
... (have) come a long way from the old parade field in Frizellburg.”

Dayhoff: New councilmember tackles alleged hit and run driver
Published June 1, 2009 by Westminster Eagle, Carroll Eagle
... Westminster city police arrived and took control of the situation The accident is under investigation. All in a day’s work.

In 1925, planting the seeds of employment, production
Published May 31, 2009 by Carroll Eagle
When he's not roaming the streets of historic Westminster looking for old factories,

Celebration of memory and change
Published May 26, 2009 by Westminster Eagle
This year’s Westminster Memorial Day ceremonies witnessed many changes over the past — although the solemn tradition of 142 years continued. On Memorial Day the normal hustle and bustle of downtown Westminster paused to remember fallen veterans, and ... ...

Dayhoff: Maryland National Guard Company H, had its beginnings in the flower business
Published May 22, 2009 by Westminster Eagle
... We are deeply indebted to those who fought and died to give us the unalienable right to live free and cherish liberty in the pursuit of happiness. Kevin Dayhoff writes from Westminster.

Mulkey is one of many, yet a special son of Carroll County
Published May 22, 2009 by Carroll Eagle, Westminster Eagle
... thanks to Mount Airy councilwoman Wendi Peters and American Legion Post 191 commander Roy True for their help with this column.

Celebrating Cockey's Tavern, birthplace of Carroll County
Published May 18, 2009 by Carroll Eagle

Utz elected as new mayor of Westminster
Published May 18, 2009 by Carroll Eagle
... with 130 votes; Eleanor DeMario, 105; William Gill, 130; and William Hughes, 58. — compiled by Kevin Dayhoff Incumbent, two newcomers elected council Hampstead … Hampstead Town Councilman Wayne Thomas won election along with newcomers Jamey Ayers and ... ...

Dayhoff: The rebirth of the Cockey's Tavern building in Westminster
Published May 12, 2009 by Westminster Eagle
column in the Carroll Eagle of The Baltimore Sun for more of the rich history of Cockey’s. Kevin Dayhoff writes from Westminster.

20090608 SDOSM Recent Explore Carroll Columns by Kevin Dayhoff



New York Times Dealbook for Monday June 8 2009

DealBook: U.S. to Propose Wider Oversight of Compensation

DealBook: Edited by Andrew Ross Sorkin
The New York Times
Monday, June 8, 2009
------------------------------
------------------------------
For updates throughout the day, visit:
http://dealbook.blogs.nytimes.com/
----------------------------------------
To view the latest DealBook headlines on
your mobile device, go to:
http://mobile.nytimes.com/blogs/dealbook
----------------------------------------
For tips, feedback: e-mail dealbook@nytimes.com;


1. Top Story: U.S. to Propose Wider Oversight of Compensation
2. M & A: Barclays Nears Sale of Asset Manager to BlackRock
3. Banking: Regulators Push for Change at 2 Troubled Banks
4. Private Equity: Private Equity's Looming 'Maturity Bubble'
5. Hedge Funds: For Funds, May Marks Best Month Since 2000
6. Offerings: K.K.R. and Fidelity Reach I.P.O. Partnership
7. Venture Capital: V.C.s Fight for Carried Interest
8. Legal: Indiana Funds Ask Supreme Court to Delay Chrysler Sale


------------ ADVERTISEMENT -------------

The New York Times Politics E-Mail Newsletter

Sign up for the daily Politics e-mail newsletter and receive the top
news from Washington with the latest on politics and government
in "The Caucus" blog, video, photos and much more!

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----------------------------------------


1. Top Story: U.S. to Propose Wider Oversight of Compensation
----------------------------------------

The Obama administration plans to require banks and corporations that
have received two rounds of federal bailouts to submit any major
executive pay changes for approval by a new federal official who will
monitor compensation, The New York Times reported, citing two
government officials.

Citigroup, Bank of America, the American International Group, General
Motors and its finance arm, GMAC, which all received two taxpayer
infusions, will face the strictest scrutiny from the new federal
official charged with vetting compensation, Kenneth R. Feinberg. He is
known for overseeing payouts to the families of the victims of the
Sept. 11, 2001, attacks.

The proposal is part of a broad set of regulations on executive
compensation expected to be announced by the administration as early as
this week. Some of the rules are required by legislation enacted in the
wake of the worst financial crisis since the Great Depression, and they
would apply only to companies that received taxpayer money.

Others, which are being described as broad principles, would set
standards that the government would like the entire financial industry
to observe as banks and other companies compensate their highest-paid
executives, though it is not clear how stringent regulators will make
them.

Go to Article from The New York Times:
http://www.nytimes.com/2009/06/08/business/08bank.html?dlbk

Read More
http://dealbook.blogs.nytimes.com/?p=71069&dlbk&emc=dlbk

Add a Comment
http://dealbook.blogs.nytimes.com/?p=71069&dlbk&emc=dlbk#respond


2. M & A: Barclays Nears Sale of Asset Manager to BlackRock
----------------------------------------

Barclays of Britain is in advanced talks to sell its asset management
arm to BlackRock, the giant money manager, for more than $10 billion,
people briefed on the matter told DealBook. Bank of New York Mellon
could step in if BlackRock fails to seal a deal, The Financial Times
reported.

Go to Article from The New York Times:
http://www.nytimes.com/2009/06/09/business/global/09barclays.html?dlbk

Go to Item from DealBook:
http://dealbook.blogs.nytimes.com/2009/06/07/barclays-nears-sale-of-asset-manager-to-blackrock/

Go to Article from The Financial Times:
http://www.ft.com/cms/s/0/89529d34-539c-11de-be08-00144feabdc0.html

Go to Press Release from Barclays:
http://www.newsroom.barclays.com/content/Detail.aspx?ReleaseID=1563&NewsAreaID=2

Go to BlackRock Press Release via BusinessWire:
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20090607005103&newsLang=en

Read More
http://dealbook.blogs.nytimes.com/?p=70967&dlbk&emc=dlbk

Add a Comment
http://dealbook.blogs.nytimes.com/?p=70967&dlbk&emc=dlbk#respond

-----

The leading steel industry group in China has come out against a joint
venture consolidating iron ore assets of BHP Billiton and Rio Tinto in
Australia.

Go to Article from Reuters via The New York Times:
http://www.nytimes.com/reuters/2009/06/08/business/business-uk-riotinto-chinalco-bhp-china.html?dlbk

Read More
http://dealbook.blogs.nytimes.com/?p=71209&dlbk&emc=dlbk

Add a Comment
http://dealbook.blogs.nytimes.com/?p=71209&dlbk&emc=dlbk#respond

-----

Shamrock Holdings, an investment arm of the Walt Disney Company, is
said to be in talks with Motorola about buying MIRS Communications, an
Israeli cellular operator.

Go to Article from Globes:
http://www.globes.co.il/serveen/globes/docview.asp?did=1000456453&fid=942

Read More
http://dealbook.blogs.nytimes.com/?p=71225&dlbk&emc=dlbk

Add a Comment
http://dealbook.blogs.nytimes.com/?p=71225&dlbk&emc=dlbk#respond

-----

From the camp of Karl-Theodor zu Guttenberg, economic minister of
Germany, doubts are being raised over the takeover of Opel by Magna
International.

Go to Item from DealBook:
http://dealbook.blogs.nytimes.com/2009/06/08/government-grumbling-over-opel-deal/

Go to Article from The Handelsblatt (in German):
http://www.handelsblatt.com/politik/deutschland/bei-opel-rettung-wurde-steuergeld-verbrannt;2336413;2

Read More
http://dealbook.blogs.nytimes.com/?p=70997&dlbk&emc=dlbk

Add a Comment
http://dealbook.blogs.nytimes.com/?p=70997&dlbk&emc=dlbk#respond

-----

BPP Holdings, the U.K.-based legal and financial training group, is
backing a 303.5 million pound ($481 million) cash bid from Apollo
Global, the U.S. educational investor.

Go to Article from The Telegraph:
http://www.telegraph.co.uk/finance/newsbysector/supportservices/5474584/BPP-sold-to-Apollo-for-303.5m.html

Go to Article from The Financial Times:
http://www.ft.com/cms/s/0/6db1f106-53f6-11de-a58d-00144feabdc0.html?nclick_check=1

Go to Press Release from BPP:
http://www.bpp.com/ir/

Read More
http://dealbook.blogs.nytimes.com/?p=71215&dlbk&emc=dlbk

Add a Comment
http://dealbook.blogs.nytimes.com/?p=71215&dlbk&emc=dlbk#respond

-----

A new way to profit from writing software for the iPhone is emerging
for program developers: Sell the apps, then sell your company.

Go to Article from The New York Times:
http://www.nytimes.com/2009/06/08/technology/start-ups/08phone.html?dlbk

Read More
http://dealbook.blogs.nytimes.com/?p=71019&dlbk&emc=dlbk

Add a Comment
http://dealbook.blogs.nytimes.com/?p=71019&dlbk&emc=dlbk#respond

-----

Cisco Systems, one of the tech industry's most acquisitive firms since
it struck its first deal in 1993, is ready to ramp up its deal-making
pace again after a slowdown.

Go to Article from The Deal.com:
http://www.thedeal.com/newsweekly/features/the-new-normal.php

Read More
http://dealbook.blogs.nytimes.com/?p=71187&dlbk&emc=dlbk

Add a Comment
http://dealbook.blogs.nytimes.com/?p=71187&dlbk&emc=dlbk#respond

-----

Shares of China Eastern Airlines and Shanghai Airlines were suspended
Monday after media said the two loss-making carriers were close to a
merger deal.

Go to Article from Reuters:
http://www.reuters.com/article/rbssAirlines/idUSSHA4559220090608

Go to Article from MarketWatch:
http://www.marketwatch.com/story/china-eastern-shanghai-air-plan-merger-reports

Read More
http://dealbook.blogs.nytimes.com/?p=70993&dlbk&emc=dlbk

Add a Comment
http://dealbook.blogs.nytimes.com/?p=70993&dlbk&emc=dlbk#respond

-----

The health insurer Coventry Health Care says it will sell its fee-based
Medicaid service business to Magellan Health Services for $110 million
in cash.

Go to Article from The Associated Press via The New York Times:
http://www.nytimes.com/aponline/2009/06/05/business/AP-US-Coventry-Health-Magellan.html?dlbk

Read More
http://dealbook.blogs.nytimes.com/?p=70723&dlbk&emc=dlbk

Add a Comment
http://dealbook.blogs.nytimes.com/?p=70723&dlbk&emc=dlbk#respond

-----

Caisses d'Epargne's proposed merger with Banque Populaire was put in
doubt as a union group has threatened to withhold its approval of the
French banking deal.

Go to Item from DealBook:
http://dealbook.blogs.nytimes.com/2009/06/05/union-warns-french-banks-on-merger-plans/

Go to Article from La Tribune (in French):
http://www.latribune.fr/entreprises/banques-finance/banque/20090605trib000383740/les-syndicats-de-l-ecureuil-menacent-de-bloquer-la-fusion-avec-les-banques-populaires-.html

Read More
http://dealbook.blogs.nytimes.com/?p=70755&dlbk&emc=dlbk

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-----

Merger advisory fees in May totaled just $837 million, the lowest
monthly level since 1998, according to Thompson Reuters and Freeman &
Company.

Go to Item from DealBook:
http://dealbook.blogs.nytimes.com/2009/06/05/for-deal-makers-the-cruelest-month-was-may/

Go to Article from Reuters:
http://www.reuters.com/article/mergersNews/idUSL547591620090605

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http://dealbook.blogs.nytimes.com/?p=70821&dlbk&emc=dlbk

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3. Investment Banking: Regulators Push for Change at 2 Troubled Banks
----------------------------------------

With a deadline looming in the bank bailout program, Washington
regulators are pressing unwelcome prescriptions on Bank of America and
Citigroup.

Go to Article from The New York Times:
http://www.nytimes.com/2009/06/06/business/economy/06bank.html?dlbk

Go to Related Item from DealBook:
http://dealbook.blogs.nytimes.com/2009/06/05/bank-of-america-ousts-head-of-risk-oversight/

Go to Related Item from DealBook:
http://dealbook.blogs.nytimes.com/2009/06/05/citis-chairman-stands-behind-management/


Bank of America's board elected four new directors on Friday, moving to
address regulators' concerns.

Go to Item from DealBook:
http://dealbook.blogs.nytimes.com/2009/06/05/bank-of-america-names-4-new-directors/

Go to Bank of America Press Release:
http://newsroom.bankofamerica.com/index.php?s=43&item=8473

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-----

The Obama administration is set to announce this week that a
higher-than-expected number of financial institutions will be allowed
to repay bailout funds.

Go to Article from The Washington Post:
http://www.washingtonpost.com/wp-dyn/content/article/2009/06/05/AR2009060503450.html

Go to Article from Reuters via The New York Times:
http://www.nytimes.com/reuters/2009/06/06/business/business-us-financial-tarp-funds.html?dlbk

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http://dealbook.blogs.nytimes.com/?p=71087&dlbk&emc=dlbk

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4. Private Equity: Private Equity's Looming 'Maturity Bubble'
----------------------------------------

The private equity industry is facing a "maturity bubble" from 2012 to
2014, when about $430 billion in senior buyout debt will need to be
refinanced. It may not be pretty.

Go to Article from The Deal:
http://www.thedeal.com/newsweekly/features/the-future-and-other-problems.php

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http://dealbook.blogs.nytimes.com/?p=71289&dlbk&emc=dlbk

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-----

As Steven Rattner leads the Obama administration's efforts to overhaul
the auto industry, he is operating under a cloud because of links
between his private equity firm and a pension scandal.

Go to Article from The Associated Press via The New York Times:
http://www.nytimes.com/aponline/2009/06/07/business/AP-Autos-Rattner.html?dlbk

Go to Previous Item from DealBook:
http://dealbook.blogs.nytimes.com/2009/04/22/quadrangle-is-facing-questions-over-pension-funds/

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http://dealbook.blogs.nytimes.com/?p=71119&dlbk&emc=dlbk

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-----

As some of Clear Channel Communications' creditors are reportedly
balking at its debt-swap proposal, the media company's private equity
owners expressed confidence that they would win the stand-off.

Go to Article from The Financial Times:
http://www.ft.com/cms/s/0/f9fbdd54-5386-11de-be08-00144feabdc0.html

Go to Previous Item from DealBook:
http://dealbook.blogs.nytimes.com/2009/06/04/some-clear-channel-lenders-seek-default-report-says/


As the brewing battle over Clear Channel suggests, the leveraged buyout
club's chummy days may be over, Breakingviews says.

Go to Article from Breakingviews via The New York Times:
http://www.nytimes.com/2009/06/08/business/08views.html?dlbk

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http://dealbook.blogs.nytimes.com/?p=71171&dlbk&emc=dlbk

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-----

Bain Capital agreed to buy from 16 percent to 18 percent of Gome
Electrical Appliances Holdings, a large Chinese electronics retailer,
for between $300 million and $430 million, according to reports.

Go to Article from Bloomberg News:
http://www.bloomberg.com/apps/news?pid=20601208&sid=aPZVozSPROR8&refer=finance

Go to Article from The South China Morning Post (Subscription
required):
http://www.scmp.com/portal/site/SCMP/menuitem.2af62ecb329d3d7733492d9253a0a0a0/?vgnextoid=c4f6ec152bab1210VgnVCM100000360a0a0aRCRD&ss=Companies&s=Business

Read More
http://dealbook.blogs.nytimes.com/?p=70989&dlbk&emc=dlbk

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-----

Two senior Europe-based partners in Cerberus Capital Management have
left the company as it reduces its staff in the region, The Wall Street
Journal reported.

Go to Article from The Wall Street Journal:
http://online.wsj.com/article/SB124441891113692593.html

Go to Article from Reuters via The New York Times:
http://www.nytimes.com/reuters/2009/06/08/business/business-us-cerberus-europe.html?dlbk

Read More
http://dealbook.blogs.nytimes.com/?p=71103&dlbk&emc=dlbk

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-----

Four years after leaving Miramax Films, Harvey Weinstein and partners
are trying to reinvent their miniature entertainment conglomerate, the
Weinstein Company.

Go to Article from The New York Times:
http://www.nytimes.com/2009/06/08/business/media/08weinstein.html?dlbk

Read More
http://dealbook.blogs.nytimes.com/?p=71033&dlbk&emc=dlbk

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5. Hedge Funds: For Funds, May Marks Best Month Since 2000
----------------------------------------

May proved a felicitous month for the hedge fund industry, which posted
one of its strongest one-month performances in nearly a decade.

Go to Article from The Telegraph:
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5461729/Hedge-fund-index-jumps-highest--since-2000.html

Go to Article from MarketWatch:
http://www.marketwatch.com/story/may-was-best-month-for-hedge-funds-since-feb-2000

Read More
http://dealbook.blogs.nytimes.com/?p=71237&dlbk&emc=dlbk

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6. I.P.O.s/Offerings: K.K.R. and Fidelity Reach I.P.O. Partnership
----------------------------------------

Under a partnership announced Monday, clients of Fidelity Investments
will have access to stock offerings, including initial public
offerings, by companies owned by Kohlberg Kravis Roberts.

Go to Article from The New York Times:
http://www.nytimes.com/2009/06/08/business/08partners.html?dlbk

Read More
http://dealbook.blogs.nytimes.com/?p=71025&dlbk&emc=dlbk

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-----

Credit markets are easing for French banks, which have started issuing
debt again without having to rely on guarantees by the government.

Go to Item from DealBook:
http://dealbook.blogs.nytimes.com/2009/06/08/in-france-banks-are-finding-lenders-too/

Go to Article from Les Echos (in French):
http://www.lesechos.fr/info/finance/4872307-les-banques-reviennent-sur-le-marche-sans-garantie-de-l-etat.htm

Read More
http://dealbook.blogs.nytimes.com/?p=71001&dlbk&emc=dlbk

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-----

As the government detailed its latest assessment of the job market,
interest rates on Treasury issues shot up, reaching their highest since
mid-November.

Go to Article from The New York Times:
http://www.nytimes.com/2009/06/06/business/06market.html?dlbk

Read More
http://dealbook.blogs.nytimes.com/?p=71145&dlbk&emc=dlbk

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7. Venture Capital: V.C.s Fight for Carried Interest
----------------------------------------

The venture capital industry is gearing up to fight against raising the
tax on carried interest, and a key battle is differentiating itself
from the private equity industry.

Go to Item from Bits:
http://bits.blogs.nytimes.com/2009/06/05/venture-capitalists-fight-for-carried-interest/

Read More
http://dealbook.blogs.nytimes.com/?p=70817&dlbk&emc=dlbk

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-----

Venture capitalists who began investing in the 1960s have some advice
for today's venture capital firms: think small.

Go to Item from Bits:
http://bits.blogs.nytimes.com/2009/06/05/venture-capitals-elders-say-think-small/


Relatedly, investors in venture funds -- most of whom manage
foundations, endowments, pension funds and private wealth -- say they
want venture funds to shrink.

Go to Item from Bits:
http://bits.blogs.nytimes.com/2009/06/05/investors-want-smaller-venture-funds/

Read More
http://dealbook.blogs.nytimes.com/?p=71083&dlbk&emc=dlbk

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-----

While entrepreneurs may be feeling depressed these days, the determined
ones should take heart from recent comments made by one big Silicon
Valley V.C.

Go to Article from The San Jose Mercury News:
http://www.mercurynews.com/ci_12531654

Go to Related Article from VentureBeat:
http://venturebeat.com/2009/06/05/venture-capital-industry-continues-to-shrink/

Read More
http://dealbook.blogs.nytimes.com/?p=71197&dlbk&emc=dlbk

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8. Legal: Indiana Funds Ask Supreme Court to Delay Chrysler Sale
----------------------------------------

Three Indiana state funds late Saturday asked the United States Supreme
Court to again delay a deal to sell most of Chrysler's assets to Fiat,
hoping to again challenge the transaction after two lower courts
approved it.

Go to Article from The New York Times:
http://www.nytimes.com/2009/06/08/business/08chrysler.html?dlbk

Go to Item from DealBook:
http://dealbook.blogs.nytimes.com/2009/06/07/indiana-funds-ask-supreme-court-to-delay-chrysler-sale/

Read More
http://dealbook.blogs.nytimes.com/?p=70975&dlbk&emc=dlbk

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-----

As the apocalypse on Wall Street ripples out into the larger economy, a
thick red tide is lapping at the once-impregnable foundations of New
York's corporate law firms.

Go to Article from The New York Times:
http://www.nytimes.com/2009/06/07/nyregion/07law.html?dlbk

Read More
http://dealbook.blogs.nytimes.com/?p=71135&dlbk&emc=dlbk

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-----

As President Barack Obama's economic advisers fight the worst financial
crisis since the Depression, underlying tensions among them have
arisen.

Go to Article from The New York Times:
http://www.nytimes.com/2009/06/08/us/politics/08team.html?dlbk

Read More
http://dealbook.blogs.nytimes.com/?p=71055&dlbk&emc=dlbk

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-----

Lawyers for a group of Bernard L. Madoff's victims are asking a judge
to reject the way their losses in the fraud are calculated, and base
them on Madoff's fictional balances instead.

Go to Article from The New York Times:
http://www.nytimes.com/2009/06/08/business/08madoff.html?dlbk

Go to Court Filing via The New York Times (PDF):
http://graphics8.nytimes.com/packages/pdf/business/20090608-madoff-complaint.pdf

Read More
http://dealbook.blogs.nytimes.com/?p=71043&dlbk&emc=dlbk

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-----

What would General Motors fetch in a hypothetical liquidation? Less
than $10 billion after wind-down costs, according to an analysis by the
automaker's turnaround adviser.

Go to Item from DealBook:
http://dealbook.blogs.nytimes.com/2009/06/05/imagining-a-gm-fire-sale/


Despite the nightmare scenarios predicted by credit-default swap
specialists, G.M.'s default has scarcely stirred the swaps market.

Go to Article from Breakingviews via The New York Times:
http://www.nytimes.com/2009/06/08/business/08views.html?dlbk

Read More
http://dealbook.blogs.nytimes.com/?p=70829&dlbk&emc=dlbk

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-----

The Tribune Co. and its creditors are in talks for a reorganization
that could transfer control of the media conglomerate from Sam Zell to
a group of banks and investors.

Go to Article from The Chicago Tribune:
http://www.chicagotribune.com/business/chi-mon-tribune-0608-jun08,0,5886810.story

Go to Article from Reuters via The New York Times:
http://www.nytimes.com/reuters/2009/06/08/business/business-us-tribune-creditors.html?dlbk

Read More
http://dealbook.blogs.nytimes.com/?p=71099&dlbk&emc=dlbk

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-----

Peter L. Bernstein, an economic historian and popularizer of the
efficient market theory, which changed trading behavior, died Friday at
New York-Presbyterian/Weill Cornell hospital. He was 90.

Go to Article from The New York Times:
http://www.nytimes.com/2009/06/08/business/08bernstein.html?dlbk

Read More
http://dealbook.blogs.nytimes.com/?p=71003&dlbk&emc=dlbk

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-----

Fugitive financiers often fail to escape the law because of what
experts say is a lack of preparation for the rigors of life on the lam.

Go to Article from Bloomberg News:
http://www.bloomberg.com/apps/news?pid=20601208&sid=aBVDHYBeQ0Ls&refer=finance

Read More
http://dealbook.blogs.nytimes.com/?p=70685&dlbk&emc=dlbk

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Friday, June 05, 2009