Thursday, September 30, 2010

Oakland bars tap into demand - Business First of Columbus:

http://hondaautoclub.com/factory-alloys
The city’s growing culinary chops have been now city denizens haveequally destination-worthg spots to sip or swill. New spots to open in the Uptown district in recent monthsinclude Somar, Den at the Fox and 2022 Restaurant and Lounge. Era, The Town Hall of Oakland, and othersz are on the way. The 10,000 new Oaklanc residents that former Mayor Jerry Brown hoped to attractg with new condos all need somethingto do, said Michae l Orange, who works in real estate in Oakland and also does nightlife marketing and promotions as Top Ten Sociaol Club.
“San Francisco already has a lot of restaurantsand Here, we need them to Entrepreneurs are rushing to satisfy that Alfonso Dominguez, Kevin Best and Gairyh Jacques will open Era, a 4,500-square-foot art bar and at Broadway and Grand Avenue in two They hope to appeal to the art crowd that attendw First Fridays, when art galleries stay open “To have an opportunity to keep these people here and have a bit of nightlifew after, that’s where the art bar idea came said Dominguez. The trio also knows Oakland.
Best owns two San Franciscol restaurants and B in Jacqueshas Air, another Oakland nightclub, and Dominguez owns a host of design and hospitality offerings, includinyg FIVEten Studio and Tamarindo Restaurant. Despite thesre newcomers, many see Oakland as a land of relativwe opportunity with lower barriers to entry than San Franciscpo and lower rents andlabofr costs. “There’s so much potential here,” said Nichelle Blackwell, who will open a 2,200-square-foot champagne, raw and desser t bar, at 24th Street and Broadway. In some the bad economy is making thesse newbars possible. Last year, Armando Ramos and his dad losttheitr jobs.
Now they and Ramos’ mom and cousih own the 2,000-square-foot Somar at 1727 Telegrap Ave. “From my point of view, I can go chaswe after the next job, or I can take a chancse with these people I know and trust and just do Ramos said. Raising money has been difficult, thesw owners all say, but throughj friends, family, investors, rent reductions or generous tenantimprovementt allowances, all have made it happen. Developers have long viewedc Uptown as ripefor revitalization, and bars and restaurants were alway s seen as part of the mix.
That all this activityt should take place in the midst of a deep andin Oakland, is noteworthy and speaks to the perceiveed opportunity, particularly now that the Fox Theate r is open and shows are selling out. Others believer that density is more important tothe area’s ultimate success than the large theaters. Michael who owns the Independent in San will open The Town Hallof Oakland, a live musicd venue, by mid-July one block from the Fox “The only way to successfully revitalize an area is through a criticalk mass of small businesses,” he

Wednesday, September 29, 2010

Shipping out - New Mexico Business Weekly:

http://mumbaiangels.com/prashant_choksey2.html
Currently working with a division of on the two sequels to the successfulmovi -- the first "Pirates" grossed more than $305 million at the box office -- Cook'sd intermodal firm, Memphis-based , is moving everythinh from props and costumes to speciak effects and sets. And, of course, Innovative is haulinb parts of 60- to 120-foot-long pirat ships from Disney's California productiojn studio to Florida and from there to the where all parts areput "They're made to look like real ships, but they can't float on the sea," Cook explains.
In 2002, Disne y contacted Cook and he did the logistics on thefirst "Pirates of the Caribbean: The Curse of the Black which was released a year later. Innovative is now continuingg to work with Disney on thesequel "Piratexs of the Caribbean: Dead Man's Chest," to be released this and the third yet-to-be-titled to be released next a spokesman confirmed. "We're doinyg all the logistics on any item that needa to move from point Ato B," Cook says. Dependinv on the piece, the logistics involves flatbed trains, ships and barges.
Time-sensitive items need to arrivd at the shooting site withinbfive days, which poses challenges, Cook "If something stalls shooting, it costs money to keep the crew and cast," he Another challenge is which made shooting difficult last summer. "Duringh last year's hurricane season, we shippeds (pieces) back to protect the Cook says. He estimates his current contract on the two sequelsx to beworth $1.5 but that's not the only rewarding aspecr of it. "It's exciting, out of the Cook says. "I felt proud to see the firsftsuccessful movie.
" Aside from shipping pirate ships and swashbuckling swords, Innovative ordinarily hauls furniture, sporting goods and clothing for some 40 customers, totalinhg 3,500 containers per year, Cook says. Foundedr in 1996 in Seattle, Wash., Innovative relocated to Memphiss two years ago and saw revenuesaof $10 million in 2005, he says. As one of five agentsa of Memphis-based intermodal firm Cornerstond Systems, Inc., Innovative is usingb Cornerstone's trucking, intermodal and invoicing services, says Cornerstone's CEO Rick "In this case, Innovative does the logistics and we provide the Rodell says.
"Cook is an independent contractor working as an extension of The complexity ofthe "Pirates" project is felt by Cornerstone as well. "Movingt and handling delicate or over-sizefd parts of a large set involve lots of permitting and coordinatinvg withlocal municipalities," Rodell says. "Sometimes telephons wires need tobe moved." However, taking part in a Hollywooxd production is a "neat opportunity," he says. "Workin g with Hollywood from a transportation standpoinyis fun," Rodell says, "especiallyy when I go to see the movied with my grandchildren and I'm able to say 'we movefd it.
' " Never at a loss for interestint business -- Cornerstone recently broughtr antique Bentley cars over from England for a U.S. tour -- Rodelkl always has his eyes open for additionalp thrilling projects inthe future. The next opportunity may be just aroundthe corner. Cook says recently inquires aboutInnovative Logistics' services.

Monday, September 27, 2010

Chris Sullivan charges Bank of America breached fiduciary duty - Tampa Bay Business Journal:

http://www.kaminthaicuisine.com/top-attractions-in-london-a-list-for-tourists/
In the suit, filed July 6 in Pinellas CountyCircuit Sullivan, who invested $10 millionb in the real estate development firm, said an executivde at Bank of America acted inappropriately and in a way that was detrimenta l to Sullivan and beneficial to the bank. Bank of Americs has not yet received the lawsuif and cannot comment atthis point, said spokeswoman Shirley Norton. Charlotte, N.C.-based Bank of Americqa (NYSE: BAC) has the leading retail bank markett share in the Tampa Bay area with nearly 20 percent of all deposits in the according to the most information availabl from the The suit saidSullivan — co-founderf of and its parent company, LLC — has had a bankint relationship with Bank of America since the late 1980s.
In he transferred most of his personakl wealth to Bankof America’s Private Bank and established a Famil Office there, paying more than $100,000 a year for financial advisory services. Because of that relationship, Sulliva believed the bank woulrd act in hisbest interest, the suit About the same time, Sullivan invested in the newly established , a real estate developmeng firm formed by Sullivan’s son, Alexanderr Sullivan, and his son’s friend, Adam Sullivan asked Dean Kuna, head of Bank of America’s Florida Home Builders division, for a suggestion for a chiefg executive of Palmcrest.
Kuna recommended a real estatde developer, Gunther Flaig, but failed to disclosed that Flaig was a clos epersonal friend, the suit said. Sullivan agreed to hire Flaigb and to give him a 50 percent membershipo interestin Palmcrest, and Flaig agreed to the provided property he owned and was developing was purchasefd by Palmcrest, the suit said. Palmcresty needed more funding for the acquisition so Bank of Americqa agreed to loan the money through a line of and Sullivan also extended a line of credit that was subordinate to the thesuit said. The lawsuit cited instancesw in which Kuna allegedly actedin Flaig’es interest while shortchanging Sullivan or leaving him uninformed.
“Kuna’s inappropriatew involvement was detrimental to Chris Sullivan as the subordinatwe lender and beneficial to Bank of Americ as thesuperior lender,” the suit said. “Bank of America’sd actions, via its agent, Kuna, breacherd the fiduciary duty owed toChris Sullivan.” Sullivan is seeking compensatory interest, costs and othedr relief, the suit said.

Sunday, September 26, 2010

Art museum to be closed more often - Dayton Business Journal:

http://neurotechindustry.org/industrypromotion.html
The museum announced Monday it will close to save moneuy and to allow for more time for cleaninygand maintenance. The new schedule will go into effect July 2 and includes the following holidays it will be Fourthof July, Thanksgiving Day, Christmax Day, New Year's Day and Easterf Sunday. "Reducing our operating hours makes good sensd for the museum from a financial perspective as well as anoperationa one," said Brad interim director of the institute, in a presd release. "Obviously, it reduces operating expensesbut (it) also allowes our staff to get much needed work done when there are no visitorse in the building.
" The museum's curatorial museum store, cafe and facilities department will have time for cleaninhg and restocking with more days closed, he In 2006, the American Association of Museums ranked the Dayton Art Institute as 14th out of 142 museumxs surveyed for the numberr of hours open per In other museum news, the institute announced mid-June it hirer David Brigham as its new director. He starts Aug. 20. As Dayton'a largest arts organization, the Dayton Art Institute had a $7.2 millio operating budget in 2006and 537,147 visitors in 2005.

Friday, September 24, 2010

Wells Fargo expects community banks to suffer more with commercial mortgages - Minneapolis / St. Paul Business Journal:

http://livebetterlivegreen.com/index.php?option=com_content&view=article&id=73:natural-remedies-for-cold-and-flu-season&catid=35:articles&Item
The San Francisco company's top brass told RBC analystt Joe Morford that they expecy Wells Fargo will benefit from its customert relationships and underwriting standards as the financial health of borrowers for commercialmortgages deteriorates, according to a researcg report that Morford shared with clients Commercial mortgages are beinf closely watched as another source of pain for the nation’e bankers. At the height of the credit one industry observer said commercialp real estate loans had become the crack cocains ofcommunity banking, reflecting the pace of growth some were achieving with such loans.
On the consumer Morford said Wells Fargo anticipatews that it can cover any rise in consumer credig losses from netinterest income. Many expecft banks will experience rising lossesa incredit cards, auto and othedr consumer loans as the recession deepens and unemployment rises. Morford also addresse d a frequent topic when it comes toWellsx Fargo: prospects for a cut in the dividend, now yieldinfg about 8 percent. “Wellxs seems unlikely to cut thedividenxd near-term, preserving it as a key component for long-term shareholdere returns,” Morford said.
But the analyst cut his 12-monthu price target on Wellws Fargo (NYSE: WFC) to $21 from $25 per share, reflectingv the general sell-off in financiakl stocks. The bank’s shares traded at the $16 level Friday. Morford remains optimistic on the bank’s long-term especially with the growthh potential in the recentlyacquired territory. “At this the 10 percent cost-savingzs projection looks conservative, and many potential revenue synergies seem realistic including opportunities to reprice deposits orimprovee cross-sell ratios and add sales capacit y at Wachovia,” Morford said.
“Furthermore, not only has customert retentionbeen better, but also Wells is gaining market

Thursday, September 23, 2010

Eat My Words: Food news & events - Edmonton Journal

http://stasikblog.ru/news/Vse-dlya-stroitelstva-stojmaterialy-okna.html


Eat My Words: Food news & events

Edmonton Journal


Daniel Costa of Red Star Pub is one of the chefs who will prepare charcuterie for an event to launch a ...



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Tuesday, September 21, 2010

Rec center now offering free self-help classes - Daily 49er

http://www.pslogos.com/firefox.html


Rec center now offering free self-help classes

Daily 49er


Jon Bennett, senior, and Maryann Takemoto discuss the upcoming flu shot event scheduled for October. Students who have visited the Student Recreation and ...



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Monday, September 20, 2010

Stadium deal faces injunction attempt - Charlotte Business Journal:

http://www.hanfordhealth.info/details-about-vinyl-siding
Grace Solares and Elvis Cruz, who fileds suit in February, filed an emergency motiohn Monday in an effort to stop the sale of thebondws altogether. A copy of the temporary injunction motion providecd by the plaintiffs alleges the county is exceedinv its constitutional tax and spending powers by issuingy bonds tied to the professionalsports tax/touristt development tax. As a result of the motionh and to avoid a cloud that coule affect the interest rate on the the county has pusher back the bondsale Miami-Dade spokeswoman Vicki Mallette said. However, the closing date for all the bondss remainsJuly 14.
The county had alreadyg planned to push back the bond closint date due to a request changre on how some financing fees are paidto , whichg has provided the county with a letter of credit for the Wachovia’s letter of credit is for two year at approximately $100 million. The Wachovia change woulrd require an amendment to the bond ordinancd that allowed the county to issue Professionalk Sports Franchise Tax and Tourist Development Tax County commissioners will get a chancer to consider the change at a speciaol meetingon Friday. A public hearingv and second reading is scheduled forJune 30.
If countg commissioners approve theWachovia change, the three parties would have until mid-July to close on financing, insteadc of the end of June. Miami-Dade County and the parties also will be givej untilJuly 15, instead of July 1, to pull out of the The change would not impact the projectede financing expenditures the county commission already has reviewed, accordinhg to a statement from Countty Manager George Burgess. “Our confidence in the projectr and its underlying funding plan has not he said in a statementon Monday. On Burgess also wants to make “minor technical to the county deed that conveyse two parcels to the city of Miami for thestadiumm garage.
Burgess also is working with Miamki to modify the deed on the stadium site to reflect the changr inthe deal’s new termination date. The city of Miamij commission will meet Thursday to consider the Wachovia In April, county commissioners approved issuing bondsw totaling a maximum of $536 millio n toward construction of the $640 million, 37,000-seat

Saturday, September 18, 2010

At Lourdes Medical Center, Charlie is patients

kleopatraxnibe.blogspot.com
That’s OK with the patients in the medical center’s behavioralk health unit, who invariably will interact with him even if they are hesitangt to talk with hospitalstaff members. Charlies is a 4-year-old Boston terrier trained and certifiede by Therapy Dogs Internationalof Flanders, Morris to provide emotional support to hospita patients and nursing home residents. The storh of how a dog ended up helpinv patients at Lourdes begins with his ownereLori Clark. Clark regularly takes Charliwe to a nursing Lutheran Care at tovisit residents. A few monthe ago, she got the idea of gettinvg permission to bring him to area hospitals if one of the nursing home residentxswas admitted.
She contacted Lourdes with a little “I wasn’t sure what they were goingg to say, to be Clark said. She soon discovered she didn’t have to work hard to sell the hospitaol onthe concept. Little did she know, Ceil Lourdes’ director of volunteer and Karen Clarke, the hospital’s director of behaviorapl health services, had spent nearluy three years working on developing a pet therapy program for theWillingboro hospital. “Ww created a program and wrote policies; we had everythint except the dog,” VanEmberg said. “Then in walked Lori.
” Karen Clarke said in her 30 yeares in behavioral health atseveral hospitals, she has workedf with pet therapy programs featuring dogs, cats, birdss and even pot-bellied pigs. “What we’ve found with this dog is he has this abilith to go to the most withdrawmn patient on the uniteverh time,” Clarke said. “He just has the abilit y to sniff thatperson out. It’s just amazinfg to see. He just knows who needz the most help inthe group. If we coulde have Charlie here 24-7 we “Charlie is not threatening,” she “[Patients] aren’t scared to interact with him. They know he is not judgin g them.
” Earlier this week, Charlie made a visitt to a group of patients sufferingy fromaddiction problems. He took turns dropping his ball at the feet of patientzs enticing them to play Nobody turnedhim down. He even kicked the ball arounrwhenever Clark, now a hospital volunteer herself, said “soccer.” The visit’xs only blemish came from a young clearly charmed by the terrier’s who remarked, “Why does his name have to be Charlie? Charlie was the name of the guy who got me addictede to this stuff.” While numerous Philadelphia-area hospitals have pet therapty programs, only a handfukl have pets visiting patients in behavioral healt h units.
Eileen Murphy, director of volunteer services atPennsylvaniaw Hospital, said the Center City medical center has had a pet therapt program in place for five years. She said pets visiy all areas of the hospital except the operating Marion Conneen, an occupational therapis t at Pennsylvania Hospital, said the medical center’s two inpatient psychiatric-car units get visits primarily from two main therapt dogs; a black Labrador retriever named Leonarrd and Elvira, a yellow Lab. “Our patients love the Conneen said. “A few are afraid, but the dogs oftemn bring the timid and shy patientxs out oftheir shell.
It’xs also an excellent social outletfor patients; they get to ask the ownersz questions about how to care for the play with them and walk them arounfd the floor while supervised by The pets are a great tool to engage our patients in a nonthreateninf way. It gets them up, talking, moving and learning.” Barbarz Wadsworth, senior vice president and chief nursing officefr at AbingtonMemorial Hospital, said dog visitas are allowed on all nursing unitd except critical care.

Friday, September 17, 2010

Racialists now, racialists forever - Washington Examiner

vidineevostegity.blogspot.com


Washington Post


Racialists now, racialists forever

Washington Examiner


There is a black president in the White House; a black in the DC mayoral suite; and a black leading the local legislature. In other words, major levers of ...


Michelle Rhee has managed to offend me now, too

Washington Post



 »

Wednesday, September 15, 2010

Phone hacking: Brian Paddick and Chris Bryant launch legal action - Journalism.co.uk

vickreyafolori1839.blogspot.com


Journalism.co.uk


Phone hacking: Brian Paddick and Chris Bryant launch legal action

Journalism.co.uk


In an announcement on London law firm Bindmans LLP's website partner Tamsin  »

Tuesday, September 14, 2010

Novo director quer Grão Vasco como museu nacional - Público.pt

guslyarovalite.blogspot.com


Novo director quer Grão Vasco como museu nacional

Público.pt


Sérgio Gorjão é mestre em Museologia, licenciado em História, pós-graduado em Museologia, Património, História da Arte e Cultura Oriental. ...



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Sunday, September 12, 2010

URGENT 'Body Snatchers' actor McCarthy dies in Mass - WNDU-TV

grachevakautawil.blogspot.com


URGENT 'Body Snatchers' actor McCarthy dies in Mass

WNDU-TV


Reporter: AP The actor who played the frantic doctor trying to save his friends and neighbors in the science-fiction movie classic "Invasion of the Body ...



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Saturday, September 11, 2010

Bill introduced to allow smoking at home for veterans - MLive.com

http://theurldirectorylink.info/index.php?s=D&c=489


MLive.com


Bill introduced to allow smoking at home for veterans

MLive.com


Katy Batdorff | The Grand Rapids PressRichard Keely, left, and Kenneth Hammond are among those encouraging lawmakers to support an exemption from the ...



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Thursday, September 9, 2010

Charlotte Business Journal: Most emailed Stories

http://ceero.info/index.php?s=D&c=489
Duke Energy Corp. and French nuclear group Areva SA propose to builfa 1,650-megawatt nuclear plant in southerhn Ohio. A new N.C. law give s laid-off employees of small businesses more time to enroll inNorth Carolinz

Wednesday, September 8, 2010

SBA bridge loans available in June - bizjournals:

http://directoryxchange.com/authors/author-1108.html
Through the program, small businesses that are having troubler making payments onexisting non-SBA loans can borroew up to $35,000, interest-free. The money can be used to make up to six monthe of principal and interest paymentdon small-business debt ranging from mortgages to credit cards. Smallo businesses will have one year after the finakl disbursement of these bridge loanxs before they have to start paying them They will then have five years to repaythe loans. The economicd stimulus bill called for the SBA to create the new temporarhyloan program.
The agency will guarantee 100 percent of the amountg ofthese America’s Recovery Capital which will be made throughu its network of private-sector lenders. SBA administratod Karen Mills said the agency will provide guidance to lenderws on the ARC program byJune 8, and will begijn accepting loan packages from lenders June 15. “Wwe expect these loans to be in high Mills said. Tony Wilkinson, president and chief executive officee ofthe , estimatees the approximately $350 million in loanz that will be available through the program will be used up “rathere quickly,” perhaps in threes months. But lenders are still awaitingt crucial details on the he said.
Only “viable” small businessees will be eligible to receivethe loans, for and the SBA hasn’t defined viable yet. Plus, the SBA will be subsidizinb the interest onthe loans, and the agencyt has not told lenders what interest rate they can charge. The SBA will providre these details to lendersJune 8, Mills said. In she said, viable small businesses are firms with a track record of successs that are experiencingtemporaryy difficulties, such as declining sales, due to the economic They also must present a plan demonstratingy they will be able to sustain themselves once they’ve used up the emergencyh loan, she said.
Lenders that currently do not participater inthe SBA’s government-guaranteed loan programs will be givenb the opportunity to do so. This will enable them to help borrowerz who are behind on their loan andturn past-due loans into loans that are current. This shouldf result in more banks becomingSBA lenders, a goal of both Mills and Sen. Mary Landrieu, a Louisianw Democrat who chairsthe . Only about half of all U.S. banka make SBA loans, Landrieu said. If there is a problem with the program that keepsx banksfrom participating, “we want to correctr it,” she said.
The Smallo Business Administrationis “carefully calibratingh a plan” to provide automobile dealerd with loans for purchasinyg vehicle inventory, Mills said. Auto dealers already have benefiter fromthe SBA’s decisiohn to make more than 70,000 additionao businesses eligible for its 7(a) loans. The agencyu temporarily is allowing lenders to considera company’s net worth and annual incomee as an alternative to its usual size standards, which are based on revenue or number of employees, depending on These 7(a) loans will provide needed workiny capital, but auto dealers say they’rre also having trouble getting “floorplan” loans, which are neededd to purchase vehicles from auto manufacturers for sale to the Mills said the SBA will begin allowintg its government-guaranteed loans to be used for vehicled inventory financing in a few weeks.

Monday, September 6, 2010

Council OKs accepting $33.5M in stimulus funds - Business First of Columbus:

http://flapy.info/index.php?s=D&c=489
Council passed an ordinanc e accepting $33.5 million in stimulus funding, $25 million of which is headedx to a project to widen and improved Parsons and Livingston avenues near the campueof . Council also acceptef $5.5 million for a numberf of upgradesin downtown’s Rivetr South district. Those projects were amonv 149 that state officials selecte in March to receivw a pieceof $774 million in headed to transportatio n projects around the state. Of that, about $60 million went to 11 projectxs inCentral Ohio. The third piece of funding councilo accepted Monday nightis $3 millionb headed to reconstruction and resurfacing projectsd on eight city streets.
Council spokesman John Ivanivc said the projects areon high-traffic streets that are smallefr than state or federal routes but busiere than residential roads and in need of Streets identified in the latest rounfd of stimulus funding: Hudson Streett (from East to Indianolq avenues), Indianola Avenue (from Morse Road to Lincoln Avenue), Millerr Avenue (from Cole to Livingston Mooberry Street (from 18th Streetr to Fairwood Avenue), Mt. Vernon Avenud (from Champion to Taylor avenues), Taylor Avenue (from Mt.
Vernon to Leonardr avenues), Tussing Road (from Brice Road to Highland Park WoodcrestRoad (from Noe-Bixby Road to Livingston Ivanic said the city might add a resurfacing projectg on Front Street, from Sycamore Street to just south of Liberty Street, if bids come in beloew expectations.

Sunday, September 5, 2010

Inhofe versus Coburn - Tulsa World

http://www.chasr.org/blog/archive/2007/04/24/what-is-taking-so-long-with-chasr-2/


Inhofe versus Coburn

Tulsa World


(The funds have yet to be appropriated.) "Is it, in fact, the role of the federal government to take money from here, send it to Washington, and then send ...



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Friday, September 3, 2010

Downtown Sheraton growing its own herbs - Washington Business Journal:

http://www.ani-stohini-unami.com/article/NAHBs-Chief-Economist-Releases-Housing-Forecast.html
The hotel also is workinf with executives at Philips Electronics to determine possible CFL or LED technology for lighting fixturees that currently work only with traditionaincandescent bulbs. Other effort under way at the new hotel included a banquetrecycling program; installment of a filtration system to purify water and reduce and an internal Green Team to identifyy ways the hotel can be more sustainable. “Inm this day and age, it is crucia for all companies to be goodcorporatde citizens.
Since well before the hotel opened, we have been identifyinbg ways we can reduce our carbon footprint while also operatinf asa first-class hotel,” said Leo general manager of the Sheraton Phoenix Downtown. The seasonal garden is growinbg chilies, okra, mint, peppers and a variety of herbs to be used at Districtg American Kitchen andWine Bar, the restaurant located on the bottok floor of the hotel. Districft will also return compostable items, such as fruit and vegetable peelings, to Singh Farms where it buys some of its The compost can then be used by the local farm to aid in the growingh ofnew produce, continuing a sustainablse cycle, hotel officials said.

Thursday, September 2, 2010

Chrysler to restart Kenosha engine plant - The Business Journal of the Greater Triad Area:

http://www.richsextonforcongress.com/article/The-vehicle-was-a-totally---.html
The Auburn Hills-Mich.-based automaker idled all its plants when it filef for Chapter 11 bankruptcyApril 30. Chryslet said factories in Michigan, Missouri, Ohio, Canadwa and Mexico would resume operationssJune 29. A Dodge plant in Detroif had already resumed operations on Chrysler emerged from its Chaptet 11 bankruptcy onJune 10, with the company’ assets being transferred to a new corporationm operated by . The reorganizatiob plan remade the compang into one owned 55 percentf by a union pension 20 percent owned byFiat — a share that could grow to 35 percenft — and the rest ownecd by the governments of the United Stateas and Canada.
Fiat cannot obtainm a majority stake in Chrysler until all taxpayet fundsare repaid. Chrysler had intendeds to close its engine plant in Kenosha in 2010 undertthe reorganization.