Friday, February 24, 2012

TRW Announces Pricing of Senior Notes.

LIVONIA, Mich., March 15 /PRNewswire-FirstCall/ -- TRW Automotive Holdings Corp. , through its subsidiary TRW Automotive Inc., has finalized the terms of its previously announced Senior Notes offering. The Company will issue $500,000,000 in principal amount of 7% Senior Notes due 2014, Euro 275,000,000 in principal amount of 6-3/8% Senior Notes due 2014 and $600,000,000 in principal amount of 7-1/4% Senior Notes due 2017 (collectively, the "Notes"). The Company anticipates that consummation of the offering will occur on March 26, 2007.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010824/TRWLOGO )

The Company intends to use the proceeds from this offering to consummate its previously announced tender offers and consent solicitations for its outstanding $825 million 9-3/8% Senior Notes due 2013, Euro 130 million 10- 1/8% Senior Notes due 2013, $195 million 11% Senior Subordinated Notes due 2013 and its euro 81 million 11-3/4% Senior Subordinated Notes due 2013, as well as to pay for related fees and expenses.

The Notes will be issued in a private placement and are expected to be resold by the initial purchasers to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The offer of the Notes will be made only by means of an offering memorandum to qualified investors and has not been registered under the Securities Act, and the Notes may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act.

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any of these securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

About TRW

With 2006 sales of $13.1 billion, TRW Automotive ranks among the world's leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, employs approximately 63,800 people in 26 countries.

TRW Automotive products include integrated vehicle control and driver assist systems, braking systems, steering systems, suspension systems, occupant safety systems (seat belts and airbags), electronics, engine components, fastening systems and aftermarket replacement parts and services.

All references to "TRW Automotive", "TRW" or the "Company" in this press release refer to TRW Automotive Holdings Corp. and its subsidiaries, unless otherwise indicated. TRW Automotive news is available on the internet at http://www.trwauto.com/.

Forward-Looking Statements

This release contains statements that are not statements of historical fact, but instead are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve risks and uncertainties. Our actual results could differ materially from those contained in forward-looking statements made in this release. Such risks, uncertainties and other important factors which could cause our actual results to differ materially from those contained in our forward-looking statements are set forth in our Report on Form 10-K for the fiscal year ended December 31, 2006 (the "10-K"), and include the Company's ability to complete the offering and other transactions described above successfully. Such transactions are subject to various risks, many of which are outside of its control, including prevailing conditions in the capital markets and other risks and uncertainties as detailed from time to time in the reports filed by TRW Automotive Holdings Corp. with the Securities and Exchange Commission (the "SEC"). Such risks, uncertainties and other important factors also include: production cuts or restructuring by our major customers; work stoppages or other labor issues at the facilities of our customers or suppliers; non-performance by, or insolvency of, our suppliers and customers, which may be exacerbated by recent bankruptcies and other pressures within the automotive industry; the inability of our suppliers to deliver products at the scheduled rate and disruptions arising in connection therewith; interest rate risk arising from our variable rate indebtedness (which constitutes a significant portion of the company's indebtedness); loss of market share by domestic vehicle manufacturers; efforts by our customers to consolidate their supply base; severe inflationary pressures impacting the market for commodities; escalating pricing pressures from our customers; our dependence on our largest customers; fluctuations in foreign exchange rates; our substantial leverage; product liability and warranty and recall claims and efforts by customers to alter terms and conditions concerning warranty and recall participation; limitations on flexibility in operating our business contained in our debt agreements; the possibility that our owners' interests will conflict with ours and other risks and uncertainties set forth under "Risk Factors" in the 10-K and in our other SEC filings. We do not intend or assume any obligation to update any of these forward-looking statements.

CONTACT: Investor Relations Contact: Patrick R. Stobb, +1-734-855-3140, Media Contact: Manley Ford, +1-734-855-2616, both of TRW Automotive Holdings Corp.

Web site: http://www.trwauto.com/

Off the Shelf: tilapia; pot clip; flat pretzels.(snacks factory)

Byline: Renee Enna

TILAPIA TIME

No Name is known for its steaks but we think its new frozen boneless, skinless tilapia fillets deserve some attention. We broiled a fillet and savored the delectable seasonings (including garlic and paprika) that complement this mild, tender fish. The fillets are individually wrapped, making them very convenient for smaller households. A box of five 5-ounce fillets costs $17 at supermarkets.

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HOLD THE MESS

This nifty Utensil Pot Clip from Trudeau snaps onto the rims of stockpots and saucepans to keep messy spoons in their place: The food drips back into the pan where it belongs, not on the counter. It's made of stainless steel and heat- and scratch-resistant silicone so it stays cool to the touch. The Pot Clip is $7 at The Container Store; to order by mail, visit containerstore.com.

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FLAT-OUT TASTY

OK, "flattened pretzels" don't sound so appealing. But Pretzel Crisps from The Snack Factory delighted tasters with their tiny size and great flavor. The flat shape lets you spread toppings on them, but we thought they were great on their own, particularly the original flavor. The roasted garlic pretzels were too pronounced for our taste buds, but the "everything" flavor earned fans with its flurry of herbs. A 6-ounce bag costs about $3.20 at various retailers.

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(c) 2006, Chicago Tribune.

Visit the Chicago Tribune on the Internet at http://www.chicagotribune.com/

Distributed by Knight Ridder/Tribune Information Services.

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PHOTOS (from KRT Photo Service, 202-383-6099): shelf

For information on republishing this content, contact us at (800) 661-2511 (U.S.), (213) 237-4914 (worldwide), fax (213) 237-6515, or e-mail reprints@krtinfo.com.

Gottschalks Appoints J. Gregory Ambro as Chief Administrative & Financial Officer.

Gottschalks Inc. today announced that the Company has appointed Mr. J. Gregory Ambro as Chief Administrative & Financial Officer. Mr. Ambro will assume responsibility for finance, information technology and administration for Gottschalks, including financial planning, accounting and reporting. He will report directly to Mr. Jim Famalette, Chief Executive Officer.

Jim Famalette, president and chief executive officer of Gottschalks, said, "We are delighted to welcome Greg to the executive management team of Gottschalks. He brings with him more than 25 years of experience in retail finance to the Company. Greg's strong background in the retail industry, and his work with department stores in particular, will be an asset to Gottschalks. Looking forward, we believe the Company will benefit significantly from Greg's expertise in the areas of finance and banking, corporate governance and real estate."

Prior to joining Gottschalks, Mr. Ambro most recently served for three years as Senior Vice President and Chief Financial Officer of Bradlees, a regional department store chain in the Northeast with 105 stores and annual revenue of $1.5 billion. Prior to this, he held the position of Senior Vice President of Finance and Administration for Streamline.com, a grocery and consumer product Internet retailer. Mr. Ambro also served as Senior Vice President of Finance and Administration for Harris Teeter Inc., a division of Ruddick Corporation and a leading supermarket chain with 135 stores. He held positions as Director of Strategic Planning, Vice President Real Estate Site Selection, Vice President and Controller and Vice President and Chief Financial Officer for Marshalls Inc., a division of Melville Corporation and one of the leading, national off-price retailers in the United States. From 1978 to 1991, Mr. Ambro held financial positions of increasing responsibility for divisions of the May Department Stores. Mr. Ambro holds a B.A. in Economics and an M.B.A. in Finance from the University of Cincinnati.

About Gottschalks

Gottschalks is a regional department store chain, currently operating sixty-four department stores and eleven specialty stores in six western states, including California (39), Washington (13), Alaska (6), Oregon (2), Nevada (2) and Idaho (2). Gottschalks offers better to moderate brand-name fashion apparel, cosmetics, shoes, accessories and home merchandise. Gottschalks offers corporate information and selected merchandise on the World Wide Web at http://www.gottschalks.com/.

Business Risks and Forward Looking Statements

This release contains forward-looking statements (within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties. In some instances, such statements may be identified by the use of forward-looking terminology such as "may," "will," "expects," "believes," "intends," "projects," "forecasts," "plans," "estimates," "anticipates," "continues," "targets," or similar terms, variations of such terms or the negative of such terms. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described in the forward-looking statements, including, without limitation, the Company's ability to meet debt obligations and adhere to the restrictions and covenants imposed under its various debt agreements; the timely receipt of merchandise and the Company's ability to obtain adequate trade credit from its key factors and vendors; risks arising from general economic and market conditions (including uncertainties arising from acts of terrorism or war); the ability to improve the profitability and cash flows of certain of the stores acquired from Lamonts Apparel, Inc., or to sell, sublease or close these remaining underperforming stores; the ability to modify operations in order to minimize the adverse impact of rising costs, including but not limited to workers' compensation, property and casualty insurance, health care and utilities costs; the effects of seasonality and weather conditions, changing consumer trends and preferences, competition, consumer credit, the Company's dependence on its key personnel and general labor conditions, all of which are described in more detail in Gottschalks' Annual Report on Form 10-K and other reports filed by Gottschalks with the Securities and Exchange Commission. The forward-looking statements contained herein are based upon management's expectations as of the date of this release, and it should not be assumed that these statements will remain accurate as of any future date. GOTTSCHALKS DOES NOT PRESENTLY INTEND TO UPDATE THESE STATEMENTS AND UNDERTAKES NO DUTY TO ANY PERSON TO EFFECT ANY SUCH UPDATE UNDER ANY CIRCUMSTANCES.

CONTACT: Jim Famalette, Chief Executive Officer of Gottschalks Inc., +1-559-434-4800; or Leigh Parrish or Teresa Thuruthiyil of Financial Dynamics, +1-415-439-4521, for Gottschalks Inc.

Web site: http://www.gottschalks.com/

Thursday, February 23, 2012

NEW DETECTIVE FILED SEX COMPLAINT AGAINST CHIEF.(News)

Byline: JEFFREY M. BARKER P-I reporter

TACOMA -- A woman who filed a sexual harassment complaint against late police Chief David Brame is a recently promoted detective, sources close to the city and the department said yesterday.

The city's Human Resources Department received the complaint early last week. City officials yesterday would not identify who brought the complaint or other details of the case.

The Seattle Post-Intelligencer last week formally requested any sexual harassment claims involving Brame, who fatally shot his wife and then committed suicide last month.

Human Resources Director Phil Knudson has not yet provided any documents. Tacoma officials said there had been no previous formal sexual harassment complaints filed against Brame.

The woman who filed the complaint is well-liked within the department, the sources said.

The complaint could be a precursor to a lawsuit, which could also name the city as a defendant.

Attempts to reach the detective yesterday were unsuccessful. Her complaint was filed under the U.S. Civil Rights Act.

A woman accused Brame of raping her in the late 1980s when he was a patrol officer, but charges were never filed and the police chief at the time determined the allegations could not be proven.

The Brame shooting has left Tacoma in upheaval. The city manager, an assistant police chief who briefly replaced Brame and the head of the police union are all on paid leave pending various investigations.

An investigation to determine whether federal criminal violations occurred was announced Tuesday by the FBI and U.S. Attorney's Office.

The city will rely on its own employees to try to determine whether Brame sexually harassed the woman, a police detective now on administrative leave, during his 15 months as police chief, a city spokeswoman said yesterday.

"We will assign an investigator and dig into it," Knudson told The News Tribune in Tacoma.

Brame, police chief since January 2002, died within hours of the shootings April 26 at a strip mall in nearby Gig Harbor. His wife, Crystal, died a week later.

Since then:

Longtime City Manager Ray Corpuz Jr. has put himself on leave and announced he will retire after two investigations into Brame's hiring and promotions are completed.

It was reported this week that Brame was among the high-ranking police officials who did not pursue an insurance fraud case against Corpuz and his wife, Lynda, in 1998 - and that police had a "no arrest zone" of two or three blocks for Corpuz's son.

Catherine Woodard, an assistant chief who was named acting chief after the shootings, has been placed on leave pending an inquiry into her actions in accompanying Brame on a disputed visit to his wife.

The head of the police union, Patrick Frantz, has been placed on leave pending an investigation into an e-mail he sent to a man who first revealed details of the Brames' bitter divorce case on his Internet site.

P-I reporter Elaine Porterfield contributed to this report, which contains information from The Associated Press.

Ecrio FastTrack IMS Client Framework Contributes to Popularity of SK Telecom's IMS and RCS Services.

25K Social Talk Users in Just Three Weeks and 500K Using HD Video Call

CUPERTINO, Calif., April 8, 2011 /PRNewswire-iReach/ -- Ecrio, Inc., the industry's leading provider of mobile IP Multimedia Subsystem (IMS) communication client software, today announced the rapid growth of SK Telecom's (NYSE: SKM, KSE: 017670) IMS-based rich communication services powered by Ecrio's FastTrack(TM) IMS client framework. SK Telecom is the leading mobile telecommunications company in South Korea with 25 million subscribers. In only six months, a half-million SK Telecom users are using the HD Video Call services and in the first three weeks since the launch in February, there are 25,000 active users of the new Social Talk service which is a social networking service supporting voice blogging and voice chatting.

The HD Video Call and Social Talk services continue SK Telecom's industry leadership in IMS and rich communication services. In 2008, SK Telecom announced they had selected Ecrio as the supplier of IMS client software and have embedded the client on a wide range of IMS service enabled devices from their device suppliers. The new services are initially supported by selected SK Telecom smartphones including the LG Optimus-2X and also the Samsung Galaxy S and Galaxy Tab. The company plans to enable the services on all its Android devices.

"Ecrio is a trusted provider of mobile communications client software to SK Telecom and the FastTrack client framework has helped us achieve immediate success and rapid adoption of IMS services among our subscribers," said Soo-Il Kim, Senior Vice President and Head of Product Development Factory at SK Telecom. "These IMS-based rich communication services represent a significant growth area for SK Telecom and our device suppliers, and Ecrio's client software will continue to play an important role in how we capitalize on this tremendous opportunity."

"SK Telecom's rapid success in the deployment and uptake of this new generation of rich communications services demonstrates the significant experience gained in their pioneering efforts in IMS-based services.", said Tad Bogdan, CEO of Ecrio. "SK Telecom's focus on both innovation and quality initially lead them to Ecrio and our partnership continues to produce substantial results. We are witnessing a broad and enthusiastic movement toward 4G and IMS-based services around the world and this achievement provides both technical and business confirmation of this direction."

About SK Telecom

SK Telecom (NYSE: SKM, KSE: 017670) is Korea's leading telecommunications provider with more than 25 million subscribers, which accounts for more than 50% of the total market. The company, established in 1984, reached KRW 12.46 trillion in revenue in 2010. SK Telecom was the first to launch and commercialize CDMA, CDMA 2000 1x, CDMA EV-DO and HSDPA networks, and it currently provides cellular, wireless internet, mobile media, global roaming service and more. For more information, please visit www.sktelecom.com or email to press@sktelecom.com.

About Ecrio and Ecrio FastTrack

Ecrio is the leading supplier of SIP and IP Multimedia Subsystem (IMS)-based communication client software solutions for the mobile industry. The Company's communications solutions include device software products and solutions for IP and rich media communications. Ecrio was founded in 1998 and is headquartered in Cupertino, California, USA, with R&D and support centers in Cupertino, Japan, Korea, and India. The company is privately held with external funding provided by leading investment firms and companies such as NTT DOCOMO and Visa, Inc.

Ecrio FastTrack delivers a comprehensive set of high-value IP communication functions in a robust and commercially proven client framework and runtime service module. FastTrack supports industry communication service initiatives including IP Multimedia Subsystem (IMS), Voice over LTE (VoLTE), and Rich Communication Suite (RCS). Service options include a comprehensive set of industry standard IP calling, messaging, sharing, and situation awareness functions. For more information visit: www.ecrio.com.

Ecrio and FastTrack are trademarks of Ecrio, Inc. All other brands, products, and company names mentioned herein are trademarks of their respective holders.

Ecrio Contact: Michel Gannage Ecrio, Inc. Phone: +1 408-366-7900 Email: mgannage@ecrio.com http://www.ecrio.com

Media Contact: Michel Gannage Ecrio, Inc., +1 (408) 366-7900, mgannage@ecrio.com

SOURCE Ecrio, Inc.

Costs outweigh benefits in GST threshold debate.

Byline: Sue Mitchell

Mar 31, 2011 (The Australian Financial Review - ABIX via COMTEX) -- A Productivity Commission discussion paper has been released on the contentious subject of the goods and services tax (GST) not being charged on imported goods below $A1,000. The average value of imported goods was found to be $A100. Major store retailers complained that existing GST rules gave foreign, internet-based companies an unfair competitive advantage. Any change to the threshold would have to be substantial and would cost taxpayers' money for customs agents to enforce.

Publication Date: 1 April 2011

 AUSTRALIA.  PRODUCTIVITY COMMISSION HARVEY NORMAN HOLDINGSLIMITED - ASX HVN PREMIER INVESTMENTS LIMITED - ASX PMV MYER HOLDINGSLIMITED - ASX MYR WESTFIELD GROUP - ASX WDC AMAZON.COM INCORPORATED EBAYINCORPORATED AUSTRALIAN BUREAU OF STATISTICS 

Copyright 2011 LexisNexis Australia. All Rights Reserved.

Wednesday, February 22, 2012

Verizon Is Double Winner in Metro Ethernet Awards Competition.

HONG KONG - Verizon has been named Global Service Provider of the Year by the MEF. Verizon was cited for innovation in developing and delivering carrier Ethernet services worldwide.

The MEF also recognized Verizon for Best Marketing for its leadership in the development, marketing and delivery of carrier Ethernet services in the Asia-Pacific region.

Andrew Dobbins, vice president, Verizon Business Asia-Pacific, said: "Our portfolio of Ethernet services continued to gain strong momentum in 2010, as businesses look to Ethernet solutions to support their expanding footprints across the world - including Asia, the U.S., Europe, the Middle East and Africa - and into other emerging markets. These awards are a validation of our capabilities in this segment, and testament to the strength of our Ethernet solutions portfolio"

The company in 2010 announced the addition of Global Managed Ethernet to its Managed Services portfolio, enabling customers to combine the power of multiprotocol label switching (MPLS) and Ethernet in a fully managed end-to-end global networking solution.

MEF President Nan Chen said: "In 2010, we saw service providers make great strides in this growth segment of the telecommunications industry. Verizon, in particular, impressed the judges by differentiating its services from other service providers and with its expansive global Ethernet services coverage, including interconnects with other service providers"

The annual MEF awards are judged by a panel of selected global and regional industry experts. Judging in the Global Service Provider category was based on carrier Ethernet providers with the highest cumulative score for all categories plus an additional score for global Ethernet services coverage.

Verizon is a global leader in driving better business outcomes for mid-sized and large enterprises and government agencies. Verizon combines integrated communications and IT solutions and professional services expertise with high-IQ global IP and mobility networks to enable businesses to securely access information, share content and communicate. Verizon is rapidly transforming to a cloud-based "everything-as-a-service" delivery model that will put the power of enterprise-grade solutions within the reach of every business. Find out more at www.verizonbusiness.com.

Verizon Communications Inc. (NYSE, NASDAQ:VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving 94.1 million customers nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers innovative, seamless business solutions to customers around the world. A Dow 30 company, Verizon employs a diverse workforce of more than 194,000 and last year generated consolidated revenues of $106.6 billion. For more information, visit www.verizon.com. Related LinksSource

Keywords: Advertising, Asia, Broadband, China, Communications, Electronics, Entertainment, Ethernet, Fiber Optic Network, Fiber-optic Network, Internet Technology, Marketing, Networks, Telecommunications, Wireless Network, Wireless Technology.

This article was prepared by China Weekly News editors from staff and other reports. Copyright 2011, China Weekly News via VerticalNews.com.