| Ex-Home Depot head Nardelli named as Chrysler's new boss
AUBURN HILLS, Mich. | 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."He's always been a winner, every business," LaSorda said.
Democrats Call on Government to Increase Minority Advertising Contracts
Today, leading Senate and House Democrats urged federal agencies to take an active role in increasing the amount of federal advertising contracts awarded to disadvantaged and minority-owned businesses. Their action comes in response to a report by the Government Accountability Office (GAO) to be released today that found that federal agencies are falling short of the standards set by an executive order issued in 2000 calling on the government to "aggressively" reach out to minority and underserved firms. Senate Majority Leader Harry Reid (D-Nev.), Small Business and Entrepreneurship Committee Chairman John Kerry (D-Mass.), senior Senate Judiciary Committee member Chuck Schumer (D-N.Y.), and Congressional Black Caucus Chair, Representative Carolyn Kilpatrick (D-Mich.) today sent letters to the Departments of Defense and the Treasury expressing concern for their poor record of awarding contracts to minority and disadvantaged businesses and requesting the agencies outline specific steps they are taking to increase contracts with minority advertising firms.
MortgageBrokers.com Continues Strong Growth, Adds Estimated CAD$120 Million in Mortgage Originations
MortgageBrokers.com Financial Group of Companies Inc., a subsidiary of MortgageBrokers.com Holdings Inc. (OTC BB: MBKR - News), announced that it has signed an agreement with several experienced and established mortgage brokers in Canada. Mortgagebrokers.com anticipates that these individuals will generate an additional CAD$120 million in mortgage origination for the Company. Mortgage professionals Anna Faulkner, Eileen Mercer, Theresa Szeto, Denise Barnes, Linda Nguyen, Pauline McInnes, Norman Slinn, Shawna Gayford, Domenic Bui and Cindy Ho will operate exclusively under the MortgageBrokers.com brand and share a percentage of their net profits with the Company. These signings are the latest in a string of press releases from the Company announcing the continuing build-out and execution of their business strategy to become one of North America's largest and fastest growing mortgage brokerage firms.
Tourism numbers patchy
Visitors to Halls Gap may be looking sparse at present, but operators are not panicking as it has been a `patchy' summer. With last year's month-long non trading period due to the Grampians Bushfire still firm in traders' memories any business is good business. Northern Grampians Shire Council tourism manager Angie Lush said that tourist numbers had declined over past weeks. "What we've been finding is a slight drop during December in visitation," Ms Lush said. "In the first few weeks of January, people were coming more. "Some people have had good days, some bad days. It's hard to establish a pattern. "Going by what the retailers and accommodation providers have said business has been patchy." Melissa Griffin from the Halls Gap Caravan Park said that business was quiet at present, but would soon pick up.
Linesville beekeeper bulks up bee hives
Standing in a field of wildflowers with a light cloud of cedar smoke enveloping him and the hive, Charlie Vorisek gently removed one frame, pulling it out to reveal a mound of hundreds of honey bees. Linesville beekeeper bulks up bee hives By Ryan Smith 08/12/07 — By Ryan Smith .
Pair of state-chartered banks being organized
A group of investors that includes former Gov. John H. Sununu is now in the process of organizing a new community bank that will serve the Seacoast region and southern Maine, the group's lead organizer said. And another group of bank backers wants to establish state-chartered The Nashua Bank in Nashua. The Seacoast bank, once it is set up, will be known as the Optima Bank and Trust Co. and have its headquarters at Two Harbour Place in Portsmouth. The institution is now going through the regulatory approval process before the New Hampshire Banking Department and the Federal Deposit Insurance Corp. However, organizers are hopeful they'll soon be able to sell shares in the new endeavor, and the bank could be open as soon as this fall. "There has been a lot of consolidation in the banking business in New Hampshire.
Chrysler boss' salary a mystery
Opportunity knocked, and Robert Nardelli missed it. If he really wanted to begin rehabilitating his tarnished reputation, he could have started his CEO job at Chrysler by publicly promising he wouldn�t accept a penny in pay. Instead, the former Home Depot CEO � who left the home improvement retail chain in January with a controversial $210 million severance package � stayed mum on what he would be making while trying to lead struggling Chrysler out of its funk. Chrysler officials fed the media tidbits about his $1 a year salary. But they refused to provide details about any performance-based bonus Nardelli could collect should he manage to help reverse the automaker�s slide. .
Community Meetings
THIS WEEK Geechee Sailing Club 6:30 p.m. Aug. 13, Tubby's Tank House, 2909 River Drive, Thunderbolt. Open to all persons interested in boating and related activities. Call 234-1903 or go to www.geecheesailingclub.org. Chatham County Board of Commissioners 7 p.m. Aug. 14, Inn at Ellis Square, 201 W. Bay St. Commissioner Pat Shay will host a Town Hall meeting. Guest speaker Michael Scott will speak. Topic: "Urban Police Methods and the Importance of Defensive Design and Planning." Call 652-7923. Savannah Ogeechee Canal Society Meet 6:30 p.m. Aug. 14, Fairmont Restaurant, 65 W. Fairmont Ave. Call 748-8068. Friends of Oatland 6:30 p.m. Aug.
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