| Shock And Awe: Cessna To Produce Recreational Watercraft
ANN 04.01.07 SPECIAL EDITION: What many originally thought was simply a free lunch junket away from the Wichita manufacturer's factory, ended up being a jaw-dropping announcement from Cessna which left the entire press corps scrambling for ink. Cessna Aircraft CEO Jack Pelton stunned invited attendees and press officials at an impromptu picnic at Cheney Reservoir, 25 miles West of Wichita, KS. This much is clear: Cessna Aircraft Company is launching a sister company, Cessna Watercraft Company. "The impetus for this is what we label 'untapped synergies' in the aerospace business. Cessna has perhaps the greatest collective talent in manufacturing of motive craft, and our distribution and support network is unequalled. While developing the operating budget for the 'next generation' Cessna composite singles, we realized that the tooling and expertise required to shift from sheet metal to composites was a massive capital investment.
Sebelius Signs Bills to Promote Energy Efficiency, Reduce CO2 ...
Topeka, KS - infoZine - Efforts to promote energy efficiency and reduce carbon dioxide emissions both moved forward as a result of bills signed by Governor Kathleen Sebelius late yesterday afternoon. The first bill signed by Sebelius authorizes energy utilities to finance energy conservation improvements made by customers. "Our responsibility as stewards compels us to find ways to reduce the dangerous emissions that cause global warming. Energy efficiency is the most cost-effective way to do that, and I applaud our state's utilities for being willing to work with customers to reduce consumption," said Sebelius. Substitute for HB 2278 authorizes electric and natural gas utilities to enter into agreements with customers for the financing of the purchase and installation of energy conservation measures.
VTB Boasts Its IPO Will Best Sberbank's
CEO Alexei Kostin touted VTB's upcoming share sale as a "people's IPO" at a news conference Tuesday, as the bank announced a net profit of $1.18 billion for 2006. "The impetus for the IPO is Russia's booming banking sector, and we intend to capitalize on this by broadening our retail investment and expanding to overseas markets," he said. Kostin said he expected up to 23 percent of VTB to be sold for at least 120 billion rubles ($4.6 billion). Russians are actively applying to buy shares in the initial public offering, which started taking domestic orders Monday, Kostin said. He contrasted the VTB offering with the recent Sberbank share sale, which he called a "local share emission." As the country's first genuine bank IPO, a few mistakes would probably be unavoidable, Kostin said.
Online Gambling: NETeller pulls out of Canada and Turkey
The online gambling industry woke up this morning to learn that online money transfer Giant NETeller has decided to withdraw "no pun intended" from the Canadian and Turkish markets. Here is a statement the company's board released to the London Stock Exchange: The NETELLER Plc Group ("NETELLER" or the "Group") (LSE: NLR), the leading global independent online money transfer business, today announced several significant changes to its services in a number of markets. The Group continually assesses the risk profile and status of the markets its serves. Recent actions by regulators, payment processors, and online gaming operators have increased the uncertainty around certain activities related to online gambling in some jurisdictions. The Board of Directors of the Company reached a decision, on 25 March 2007, that the risk to the Group’s ongoing business in Canada and Turkey has increased in the light of such developments.
Sakana encourages partnerships in the real estate market
Sakana Holistic Housing Solutions, an Islamic mortgage provider, is encouraging greater partnerships with the engineering community and other professionals in Bahrain's rapidly growing real estate sector in order to make access to property investment easier and to promote further property ownership. .
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