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Wednesday, June 2, 2010

Hewlett-Packard (HP) expects to lose 9,000 jobs between now and 2013 in a US$1 billion (£686m) restructuring plan.

The 9,000 jobs losses will be in the enterprise services division, but the company expects to add about 6,000 employees to its sales and delivery teams.

HP commented in a statement, “As a result of productivity gains and automation, HP expects to eliminate roughly 9,000 positions over a multi-year period to reinvest for further growth and to increase shareholder value”

HP will invest in fully automated data centers as it makes operational changes in its Internet technology services business. HP said the restructuring will generate savings of $500–700 million (about €407–571 million) in net savings after reinvestment.

Hewlett-Packard has around 300,000 employees and is the world’s largest technology company by sales. HP is an American multinational information technology corporation headquartered in Palo Alto, California.

Friday, October 2, 2009

Companies in the United States are shedding more jobs, pushing the country’s unemployment rate to a 26-year high of 9.8%.

The US Labor Department said on Friday that employers cut 263,000 jobs in September, with companies in the service industries — including banks, restaurants and retailers — hit especially hard. This is the 21st consecutive month of job losses in the country.

The United States has now lost 7.2 million jobs since the recession officially began in December 2007. The new data has sparked fears that unemployment could threaten an economic recovery. Top US officials have warned that any recovery would be slow and uneven, and some have predicted the unemployment rate will top 10% before the situation improves.

“Continued household deleveraging and rising unemployment may weigh more on consumption than forecast, and accelerating corporate and commercial property defaults could slow the improvement in financial conditions,” read a report by the International Monetary Fund’s World Economic Outlook, predicting that unemployment will average 10.1% by next year and not go back down to five percent until 2014.

Mark Zandi, chief economist at Moody’s Economy.com, said that “it’s a very fragile and tentative recovery. Policy makers need to do more.”

“The number came in weaker than expected. We saw a lot of artificial involvement by the government to prop up the markets, and now that that is starting to end, the private sector isn’t yet showing signs of life,” said Kevin Caron, a market strategist for Stifel, Nicolaus & Co.

Also on Thursday, the US Commerce Department said factory orders fell for the first time in five months, dropping eight-tenths of a percent in August. Orders for durable goods — items intended to last several years (including everything from appliances to airliners) — fell 2.6%, the largest drop since January of this year.

The US government has been spending billions of dollars — part of a $787 billion stimulus package — to help spark economic growth. There have been some signs the economy is improving.

The Commerce Department said on Thursday that spending on home construction jumped in August for its biggest increase in 16 years. A real estate trade group, the National Association of Realtors, said pending sales of previously owned homes rose more than 12 percent in August, compared to August 2008.

A separate Commerce Department report said that consumer spending, which accounts for more than two-thirds of US economic activity, rose at its fastest pace in nearly eight years, jumping 1.3 percent in August.

Other reports have provided cause for concern. A banking industry trade group said Thursday the number of US consumers making late payments, or failing to make payments, on loans and credit cards is on the rise. A survey by a business group, the Institute for Supply Management, Thursday showed US manufacturing grew in September, but at a slower pace than in August when manufacturing increased for the first time in a year and a half.

Stock markets reacted negatively to the reports. The Dow Jones Industrial Average fell 41 points in early trading, reaching a level of 9467. This follows a drop of 203 points on Thursday, its largest loss in a single day since July. The London FTSE index fell 55 points, or 1.1%, to reach 4993 points by 15.00 local time.

Friday, December 19, 2008

Camera company Polaroid has filed for Chapter 11 bankruptcy protection in the United States. The firm, famed for the introduction of instant photography, says alleged fraud by the founder of their parent group is to blame.

Owned since 2005 by Petters Group Worldwide, Polaroid says that the group’s founder Tom Petters is “under investigation for alleged acts of fraud that have compromised the financial condition of Polaroid.” Authorities believe Petter, currently in police custody, was running fraud worth £3 billion, something he denies.

Petters Group, itself, filed for bankruptcy in October. Both firms now face restructuring, which Polaroid is confident won’t affect daily operations — in fact, the company is “planning for new product launches in 2009,” and claims to have “entered bankruptcy with ample cash reserves sufficient to finance the company’s reorganization under Chapter 11.”

Polaroid has further said that employees will be paid without interruption, and that while members of Petters Group are under investigation for fraud, Polaroid’s management is not. The company, based in Minnesota, also has subsidiaries which will enter bankruptcy with it.

Friday, October 7, 2016

Following an accidental death at the closed Underwater World Singapore (UWS) aquarium in Sentosa on Tuesday, operations to relocate the facility’s animals have been suspended.

Phillip Chan, 62, the head diver of the defunct facility, was moving stingrays in preparation for transfer to another aquarium when one of them stung him in the chest. Singapore newspaper The New Paper reported no prior such stingray incident was known to have occurred in Singapore. Australian conservationist Steve Irwin died in a similar manner in 2006.

Following a call to the Singapore Civil Defense Force at 2:20 pm, Chan was found near the entrance of UWS, where attempts were made to resuscitate him via CPR. He was taken to Singapore General Hospital, where he died from his injuries. While Chan’s colleagues declined to comment to The New Paper, a staff member at Shangri-La’s Rasa Sentosa Resort & Spa, who witnessed Chan being taken away by ambulance, stated, “It all happened very quickly. The ambulance came and quickly left the premises. I’ve never seen such an incident happening here before.”

UWS operator Haw Par Corporation described Chan as a “veteran diver, aquarist and animal caregiver who had been caring for the aquatic animals at UWS since its opening in 1991”. Ten staff, including Chan, remained at UWS after its closure on June 27 to facilitate care for its animals until they could be suitably relocated. In addition to assisting the Ministry of Manpower’s (MOM) Occupational Safety and Health Inspectorate with their investigations, Haw Par has pledged Chan’s family “all possible support and assistance”. Due to Chan’s death, MOM has ordered the cessation of animal transfers from UWS while investigations are pending.

In an interview with The New Paper, Dr. Tan Heok Hui, an ichthyologist and Lee Kong Chian Natural History Museum operations officer, stated, “Stingrays attack when they feel threatened, cornered or alarmed. Sometimes, a stingray might feel threatened when someone accidentally steps on it. Stingrays have backward pointing barbs on the spine that have serrated edges. They don’t just cause physical pain, the toxins in the spine can also cause extreme discomfort. When a spine pierces human flesh, it breaks and releases toxins into the flesh.”

Stingray venom contains serotonin, a neurotransmitter that can induce severe muscle contractions. According to Dr Tan, “If a victim is hit in vital organs like the chest area, it may trigger a cardiac arrest, which could subsequently be fatal”. “Stingrays are not usually aggressive, and choose defensive methods to protect themselves. However, stingrays are still wild animals, and when provoked and left with no choice, they will defend themselves using their sting.”

In an interview with The New Paper at the time of UWS’ closure in June, Chan said of the animals he worked with, whom he described as his “band of friends”, “They are so quietly tame. […] We intend to find them the best homes and environment. The next time I see them, I might not recognise them any more but if I dive, they might recognise me.”

Chan’s work at UWS entailed diving into the tanks and feeding the animals whilst visitors took photos. In an interview at the time with The Straits Times, Chan stated, “I treat [the animals] like my babies.” Chan also related anecdotes where he was bitten by sharks who mistook him for fish, releasing him when they recognised their mistake, describing the animals as “gentle”. “Whenever I get in danger,” said Chan, “I just keep calm. I can overcome any danger by just being calm”.

MOM stated of Chan’s death, “The Ministry of Manpower was informed about an incident that took place at Underwater World Singapore Pte Ltd’s premises at Siloso Road on 4 October 2016. Officers from MOM’s Occupational Safety and Health Inspectorate responded to the scene immediately and commenced investigations. Preliminary findings indicate that a worker was pierced in his chest by the barb of a stingray while he was in the midst of transferring the stingray from its tank. He was conveyed to hospital where he subsequently succumbed to this injuries.^[sic] MOM has instructed the occupier to stop all activities associated with the transferring of sea animals. Investigations are ongoing.”

Monday, November 19, 2012

The Israeli Defense Force (IDF) has admitted that in an airstrike, they targeted an office building housing offices for international media in Gaza City on Sunday night. The IDF called their specific targets “Hamas operational communication sites”. The IDF also claims Hamas staged a scene outside the building to make it appear an injured man was being taken away in an ambulance, who was “seen minutes later walking around.”

“Overnight, the IDF targeted two Hamas operational communication sites that were identified by precise intelligence. The first site was targeted at approximately 01:40 a.m. and was an infrastructure of Hamas’ operational communications, located inside a civilian building,” said the IDF in a statement on its website.

Reuters reports eight journalists were injured in the attack with one journalist needing a leg amputated.

The IDF also admits they knew international journalists had offices in the building and targeted it because “Hamas’ operational communications [were] deliberately located on the roof of the building, in which several international media bureaus reside.”

“We obviously knew there were journalists in the building, so we did not attack other floors in the building”, said Avital Leibovich, a spokesperson for the IDF. Sky News, RT News, Ma’an news agency, and al-Quds TV, among other agencies, all have offices located in the building.

Though the IDF admits they knew international journalists were inside the building, a spokesperson denies they were the target saying, “Hamas took a civilian building and used it for its own needs. So the journalists … were serving as human shields for Hamas”. The IDF statement goes on to say that journalists were warned to “stay clear of Hamas’ bases and facilities.”

The building was reportedly bombed three times. After the IDF bombed the building once, there was a pause during which occupants evacuated before the IDF bombed it two more times.

According to Protocol 1, Article 79 of the Geneva Convention, targeting journalists or civilians is considered a war crime. “Journalists engaged in dangerous professional missions in areas of armed conflict shall be considered as civilians…. They shall be protected as such under the Conventions and this Protocol, provided that they take no action adversely affecting their status as civilians, and without prejudice to the right of war correspondents accredited to the armed forces”.

Saturday, June 11, 2005

The inflation rate in Ireland, as measured by the Central Statistics Office (CSO), edged upwards to hit a five month high in May at 2.4%. This represents a 0.2% rise on the previous month when the rate stood at 2.2%.

The major contributors to the rise were increased transportation, healthcare, and education costs. In April the EU25 average rate of inflation was 2.1%, with Latvia having the highest rate at 7.1% and Sweden the lowest at 0.4%.

Despite the increase in the rate, Irish inflation remains very low – having hit 7% during 2000 and remaining around the 5% until the beginning of 2003. Another major factor easing any worries about the increase is Ireland’s very strong GDP growth – expected to be around 5.5% this year

On an annual basis the cost of footwear and clothing have fallen by 2.7% whilst energy costs have soared by 10.4%. The cost of food, furniture, and communications also fell over the last 12 months.

The Consumer Price Index is made up of over 55,000 prices consisting of 613 headings which cover over 1,000 different items.

Friday, February 15, 2008

Following the first day’s events at the 2008 Taipei International Book Exhibition (TIBE), organisers used today as an opportunity for a number of autograph sessions, the announcement of awards and a focus on the Taipei World Trade Center‘s Hall 3 where children’s activities and seminars were being held.

The Kids’ Book Hall, which was created with cooperation from the Regional Association of Educational Materials, saw a new addition this year in the form of the “Taiwan Stationery” pavilion. The display included a variety of paper products not only for children, but for small-business and general usage.

In order to promote some conceptions on environment and recycling, Yuen Foong Yu Paper Mfg. Co. Ltd. sponsored the exhibition with recycled poster container and corrugated-fiberboard, which was used to design several nature scenes, and the material will be reusable in the future.

Participants also held several seminars at TWTC Hall 1 for reading population promotion, for example, a Taiwanese version of a famous magazine named “Kagakuru”. Aimed at science education, imported by Taiwan Mac Education, and promoted by several academic professionals in Taiwan, the magazine will be released on March 3, 2008.

Sunday, July 2, 2006

A suicide bomber exploded a truck bomb in the crowded Al-Ula market in Sadr City in Baghdad on Saturday, killing 66 people and injuring over a 100.

‘At the beginning of this market, the criminal blew up his dynamite-packed truck after trying to go over the pavement,’ said Iraq’s Deputy Health Minister Sabah al-Hussein.

The explosion happened when a police patrol was passing by and caused heavy casualties in the morning market rush. Some shoppers were sent flying on top of nearby two-storey buildings.

The force of the blast left a large crater and wreckage of blown-out cars and windowless buildings. Rescuers were left to pick through a sickening scene of human remains mixed in with exploded vegetable matter and dead animals.

Sadr City, a Shiite city of two million in which religious leader Moqtada Sadr has found popular support, had many times before been targeted by Sunni terrorists who were blamed by some residents for this attack.

It was the deadliest bombing of civilians since Prime Minister Nouri al-Maliki‘s government assumed responsibility for domestic security in May 2006.

Experts said the truck bomb was a lethal concoction of explosives, shells and shrapnel hidden under a consignment of fruit. The driver of the truck blew himself up in the explosion.