| (AFX UK Focus) 2007-08-08 04:47 GMT: Ex-Home Depot boss to lead new Chrysler
AUBURN HILLS, Mich. (AP) - 0807b--Chrysler--Nardelli
Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring. Bob Nardelli, who left The Home Depot Inc. in January after a shareholder rebellion over his outsized pay, was named chairman and chief executive of Chrysler LLC, replacing Tom LaSorda, who is taking the No. 2 slot. The changes came just three days after the private equity firm Cerberus Capital Management LP acquired a majority stake in Chrysler. "The new Chrysler has the opportunity to prove that the private business model can thrive in this industry," Nardelli said. "We have an opportunity to really make a significant change in the auto industry." LaSorda said Nardelli is a strong manager who has helped companies grow and he is happy to be working with him.
Blown chances lead to lopsided loss
DENVER -- True, the only Chicago professional sports team playing in Houston on Saturday night was the Bears. And while eyewitnesses saw the Cubs actually playing Colorado in Coors Field on Saturday evening, it almost seemed like they were back in Houston again, where they were swept in a three-game series by the Astros earlier in the week. Like in Houston, the Cubs' offense squandered opportunities to blow the game open early and later paid for it in a 15-2 loss in front of a crowd of 48,095. .
PDPW Managers Academy set
What do you get when you combine Master's level business training, extraordinary tours and warm weather in January? The Managers Academy. This year's Managers Academy will be held Jan. 22-24 in Phoenix, Ariz. Developed by the Professional Dairy Producers of Wisconsin, this national program incorporates unique tours, top-level training and interactive scenarios to challenge those who attend. The program is designed for CEOs who are dairy managers, industry directors, processors, marketers and distributors. Back by popular demand, Jim Austin, an MBA instructor, will focus on the evolution of dairy markets and what that implies about the new risks and rewards for producers and industry in the future. Austin has more than 25 years experience, and is recognized nationally for his expertise in business strategy and organization development.
Younis Khan rejects ICL offer
Karachi: Star Pakistani batsman Younis Khan has rejected a lucrative offer made by the organisers of the rebel Indian Cricket League (ICL). Younis said that he had rejected the offer because playing for the country was much more important to him than earning money. The former Pakistan vice-captain, who turned down the opportunity to lead his country after the World Cup, said he also didn't want to play in the league as it would clash with Pakistan's domestic season. "And I don't want to miss the domestic matches," he said. Younis is among several Pakistani players approached by the ICL organisers. While Shoaib Akhtar, Mohammad Asif and Shahid Afridi have turned down the chance to play in the Twenty20 tournament, others like Mohammad Yousuf, Abdul Razzaq, Inzamam-ul-Haq and Asim Kamal are still mulling over the offers made to them.
Investing in a dead certainty
A fund through which you can buy up the life insurance policies of rich Americans. Whatever will the financial world dream up next? John McCrone reports. Here is a rock-solid investment you have probably never considered. What about buying up the life insurance policies of rich, elderly and soon-to-die Americans? Welcome to life settlements funds, the newest and perhaps most unsettling asset class to hit the investment world. The proposition is a little ghoulish. Find someone who wants to cash in a life policy worth a million bucks or more. Get a couple of doctors to certify the person really does have some life-threatening condition that will cause him to pop his clogs within a reasonable time frame. Pay the person about a third of the face value of the policy to take it over.
Elvis Presley • 1935-2007
Elvis Presley, the man who jump-started the rock-and-roll revolution from a tiny Memphis recording studio in 1954 and went on to become the world's most recognizable entertainer, died Monday, August 6th, of cardiac arrest, at his Horn Lake, Mississippi, home. He was 72 years old. It had been six years since an earlier heart attack sent the man many called "The King" into a mini-retirement and 30 years since a drug overdose threatened his life, then in chaos, and forever altered his career: cleaning up, breaking from his iron-fisted manager, "Colonel" Tom Parker, and withdrawing from the music world for several years. Upon his return to public life in the 1980s, Presley mixed sporadic but high-profile concert and record appearances with a series of non-music business ventures, including an ownership stake in the NFL Memphis Hound Dogs.
Microsoft Completes aQuantive Buy
NEW YORK Microsoft said it has completed its $6 billion acquisition of aQuantive and immediately created a new division to house its digital advertising assets. Under the new structure, Microsoft has created an advertiser and publisher solutions unit, which will contain aQuantive's Atlas ad server, DrivePM ad network and digital agency Avenue A/Razorfish. The group will also house Microsoft's adCenter platform, MSNDR direct-response offering and an emerging media group with video game network Massive, mobile network Screen Tonic. .
Hispanics taking population lead
Hispanics for the first time outnumber non-Hispanic whites in Dallas County by a slim margin, U.S. Census Bureau numbers scheduled for release today show, as the rest of the state and the nation continue one of the biggest demographic shifts in the nation's history. Texas was officially deemed a majority-minority state two years ago. But county by county, the state is becoming increasingly Hispanic, the Census Bureau reported in its 2006 update. Nationwide, nearly one in 10 counties is now more than 50 percent minority. In Dallas County, minorities made up nearly 64 percent of residents in 2006, with Hispanics making up 37.7 percent of the population, compared with 36.1 for non-Hispanic whites. .
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