Mindray Renews Agreement with HealthTrust Purchasing Group, L.P. to Provide …
MAHWAH, N.J., May 16, 2012 /PRNewswire via COMTEX/ –
Mindray Medical International Limited
/quotes/zigman/432449/quotes/nls/mr MR
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, a leading developer, manufacturer and marketer of medical devices worldwide, announced today that HealthTrust Purchasing Group, L.P., (HealthTrust) is renewing its agreement for its full line of physiological patient monitoring equipment.
With this agreement, Mindray provides monitoring that can meet the patient needs of virtually all hospital departments and outpatient surgery centers for HealthTrust members. The new V-Series modular monitor line with large touch screen interfaces and industry-leading connectivity platforms are included in the agreement.
“We are very pleased to extend our relationship with HealthTrust so that their members can continue to access our expanding product line,” said Wayne Quinn, Vice President – Critical Care Monitoring at Mindray North America.
About Mindray
We are a leading developer, manufacturer and marketer of medical devices worldwide. We maintain our global headquarters in Shenzhen, China, U.S. headquarters in Mahwah, New Jersey and multiple sales offices in major international markets. From our main manufacturing and engineering base in China, we supply through our worldwide distribution network a broad range of products across three primary business segments, namely patient monitoring and life support, in-vitro diagnostic, and medical imaging systems. For more information, please visit
http://ir.mindray.com .
About HealthTrust Purchasing Group:
HealthTrust Purchasing Group, L.P., headquartered in Brentwood, Tenn., is a group purchasing organization that supports approximately 1,400 not-for-profit and for-profit acute care facilities, as well as 10,600 ambulatory surgery centers, physician practices, and alternate care sites. With an annual purchasing volume by its members of more than $20 billion, HealthTrust is committed to obtaining the best price for clinically recommended products, ensuring their timely delivery and continuously evaluating, and improving its services to the patients, physicians and clinicians it serves. HealthTrust is located at 155 Franklin Road, Suite 400, Brentwood, Tenn. 37027. The website is
www.healthtrustpg.com .
For investor and media inquiries, please contact:
In the U.S.:Hoki LukWestern Bridge, LLCTel: +1-646-808-9150 Email: hoki.luk@westernbridgegroup.com
In China:Cathy GaoMindray Medical International LimitedTel: +86-755-2658-2620 Email: cathy.gao@mindray.com
SOURCE Mindray Medical International Limited
Copyright (C) 2012 PR Newswire. All rights reserved
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MR
Mindray Medical International Ltd. ADS
US
: U.S.: NYSE
$
31.25
0.00
0.00%
Volume: 548,950
May 16, 2012 4:04p
P/E Ratio22.10
Dividend Yield1.28%
Market Cap$3.30 billion
Rev. per Employee$137,432
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Orioles purchasing contract of utility man Bill Hall
By Eduardo A. Encina
The Baltimore Sun
9:20 am EDT, May 12, 2012
Valeo North American Purchasing Director Emilio Esparza Appointed to the MMSDC …
TROY, Mich., May 15, 2012 /PRNewswire via COMTEX/ –
Valeo North American Purchasing Director Emilio Esparza has been appointed to the Michigan Minority Supplier Development Council’s (MMSDC) Board of Directors. Esparza will serve a two-year term with the organization, supporting its mission to certify minority-owned businesses for engagement by corporate members, provide access to procurement opportunities and develop capacity for minority business development.
“Valeo is a strong proponent of the exploration and development of minority suppliers,” said Esparza. “The entire supplier community benefits from the growth of healthy competition.”
Esparza was nominated for the MMSDC Board of Directors based on his strong background in supplier development and purchasing at both original equipment manufacturer (OEM) and Tier One automotive supplier organizations. He currently leads Valeo’s strategic procurement and supply chain management activities for the North American region.
“In addition to being good corporate citizenship, minority business development also helps strategically counteract over-consolidation of the supplier community,” said Esparza. “Having viable alternative sources can lead to the optimization of the supply base with a different, healthier, mix.”
“We are excited to have Mr. Esparza as part of our strong team of Board of Directors,” said Louis Green, President and CEO of MMSDC. “We are eager to introduce Mr. Esparza to many of our thriving minority businesses and entrepreneurs.”
Founded in 1977, the Michigan Minority Supplier Development Council (MMSDC) has more than 1,300 certified minority businesses and over 400 corporate members working to further its mission to certify minority businesses; provide access to procurement opportunities; and develop capacity for minority business development. The MMSDC was recognized by the National Minority Supplier Development Council as “Council of the Year” for its work with major corporations to promote minority business development and growth. MMSDC is a non-profit, 501c 3 organization. For more information visit the MMSDC’s website at
www.minoritysupplier.org .
Valeo is an independent industrial Group fully focused on the design, production and sale of components, integrated systems and modules for the automotive industry, mainly for CO2 emissions reduction. Valeo ranks among the world’s top automotive suppliers. The Group has 124 plants, 21 research centers, 40 development centers, 12 distribution platforms and employs 68,000 people in 28 countries worldwide. Valeo reported global sales of euro 10.9 billion ($15.6 billion*) in 2011.
In North America, Valeo’s regional headquarters are located in Troy, Mich., and the company has 17 production sites and six research and development centers. The company employs approximately 7,955 people across the United States and Mexico and was responsible for 15 percent of the Group’s 2011 global annual sales, contributing euro 1.355 billion ($1.897 billion*).
The company’s innovative solutions are developed by its four business groups – Comfort and Driving Assistance Systems, Powertrain Systems, Thermal Systems, Visibility Systems – and Valeo Service. Valeo’s key products support and advance automotive electrical systems; transmission systems; engine management systems; air management systems; hybrid and electric vehicle systems; climate control; powertrain thermal systems; compressors; front-end modules; driving assistance; interior controls; interior electronics; access mechanisms; lighting systems; wiper systems; and, wiper motors.
More information about the Valeo Group and its activities can be found on the Internet at
www.valeo.com
Mr. Esparza’s image and biography are available upon request.
*Currency conversion based on the average of the 2011 month-end FX Euro to USD of 1.4000.
For more information, please contact:
Brad Warner Phone: (248) 619-8377E-mail: brad.warner@valeo.com
Safe Harbor Statement:Statements contained in this report, which are not historical fact, constitute “Forward-Looking Statements.” Actual results may differ materially due to numerous important factors. Such factors include the cost and timing of implementing restructuring actions, the company’s ability to generate cost savings or manufacturing efficiencies to offset or exceed contractually or competitively required price reductions, conditions in the automotive industry, and certain global and regional economic conditions. The company assumes no responsibility for any analysts’ estimates and any other information prepared by third parties which we may reference in this report. Valeo does not intend or assume any obligation to review or confirm analysts’ estimates or to update any forward-looking statement to reflect events or circumstances after the date of this report.
SOURCE Valeo
Copyright (C) 2012 PR Newswire. All rights reserved
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South Africa’s PMI Declines for Second Month in April
South Africa’s purchasing managers’
index dropped for a second month in April as an economic
slowdown in Europe damped demand for manufactured goods, Kagiso
Tiso Holdings said.
The seasonally adjusted index fell to 53.7 from 55.1 in
March, Johannesburg-based Kagiso said in an e-mailed statement
today. An index level above 50 indicates an expansion in factory
output. The median estimate of five economists surveyed by
Bloomberg was for the index to decline to 53.6.
“There are indications that the Index could moderate even
further,” Abdul Davids, head of research at Kagiso, said in the
statement. “This is in line with the trend we are currently
seeing in Europe, South Africa’s key manufacturing export
market.”
Europe will probably enter another recession this year as
European governments tighten spending to help ease a debt crisis
that began with Greece more than two years ago. Europe buys
about a third of South Africa’s manufactured goods.
Manufacturing makes up about 15 percent of the continent’s
largest economy. The UK and Spain have already entered a
recession, the governments of both nations confirmed last week.
The index measuring new-sales orders fell 4.3 points to
55.4 last month and the business activity sub-index was little
changed at 57.7, Kagiso said. The price sub-index fell 1.8
points to 71.1, the lowest level since January 2011, the
financial-services company said.
The Bureau for Economic Research, based at the University
of Stellenbosch near Cape Town, and the Institute of Purchasing
and Supply South Africa conduct the PMI survey on behalf of
Kagiso.
To contact the reporter on this story:
Andres R. Martinez in Johannesburg at
amartinez28@bloomberg.net
To contact the editor responsible for this story:
Andrew J. Barden at
barden@bloomberg.net
Purchasing Power Receives 2012 Pacesetter Award
ATLANTA, May 2, 2012 /PRNewswire via COMTEX/ –
Purchasing Power, LLC was recognized as one of Atlanta’s 50 fastest-growing privately-held companies by the Atlanta Business Chronicle’s Pacesetter Awards. This is the fourth consecutive year the company has received this prestigious business award.
Each year the Atlanta Business Chronicle honors the city’s top privately-held businesses. Companies headquartered in the Atlanta metropolitan area were evaluated as candidates for the Pacesetter Awards based on a growth index formula calculating a two-year growth in sales of more than 50 percent and with revenue between $1 million and $300 million in 2011.
Purchasing Power offers an employer-sponsored voluntary benefit program which enables its customers to purchase big-ticket items through the convenience of payroll deduction.
“Purchasing Power’s continued growth is the result of successfully meeting the needs of our clients and customers,” said Richard Carrano, Purchasing Power CEO. “In the past year we increased our client base by 26 percent and retained key clients, resulting in a record-breaking revenue year. Additionally, we have built and retained a talented team of professionals to serve our customers and support the expansion of our product catalog.”
In 2011, Purchasing Power’s revenue increased 27 percent in over 2010. Purchasing Power’s success comes on the heels of a record holiday selling period that saw an astounding 48 percent increase over the same period in 2010. Additionally, the company increased its workforce by 18 percent and tripled the items in its product catalog.
About Purchasing Power, LLCHeadquartered in Atlanta, GA, Purchasing Power, LLC was founded in 2001 and offers customers an alternative to purchase a variety of name brand products and pay for them over 12 months through payroll deduction. Purchasing Power differentiates itself from traditional e-commerce retailers through its unique payment plan value proposition, strategic benefit broker partnerships, internal marketing expertise and superior customer service. Purchasing Power is a Rockbridge Growth Equity, LLC Company. The company has serviced more than 725,000 orders for employees of companies and organizations including Fortune 500 and government agencies. For more information, visit
www.PurchasingPower.com .
About Rockbridge Growth Equity, LLC: Rockbridge Growth Equity, LLC is a private equity firm that invests in financial and business services, consumer-direct marketing, and sports, media & entertainment industries. Based in Detroit, Michigan, Rockbridge owns equity stakes in Connect America, My Insurance Expert, Account Now, Protect America, Northcentral University, One on One Marketing and One Reverse Mortgage, and is affiliated with other leading businesses in its target sectors including Quicken Loans, the Cleveland Cavaliers, Title Source, Fathead, Xenith and ePrize. For more information on Rockbridge Growth Equity, visit
www.rbequity.com .
CONTACT: Diana Mulhall, +1-404-609-5030, dmulhall@purchasingpower.com
SOURCE Purchasing Power, LLC
Copyright (C) 2012 PR Newswire. All rights reserved
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Twitter reportedly considered purchasing Camera+
When Facebook bought Instagram, many were curious as to how Facebook’s social media rival, Twitter would respond. The company made a statement saying that they had no interest in purchasing a service or a tool similar to Instagram, going as far as saying that copying another company’s move is “never a good idea”. However that might not be the case according to two people reportedly familiar with the matter. According to them, it seems that Twitter executives held several meetings with Tap Tap Tap, the developer of the popular iOS camera app, Camera+, in a discussion that could have lead to Twitter purchasing Camera+. This meeting was reportedly held shortly after Facebook had announced their purchase of Instagram.
Much like Instagram, Camera+ allows iOS users to snap a photo, edit it with filters and settings and then upload and share it via its own social network. Safe to say the deal did not go through, and apparently the reason behind the failure is because Tap Tap Tap’s staff were not willing to relocate to San Francisco. The company currently has 10 employees located in San Francisco but has 20 more who are located in other countries such as Austria, New Zealand and Spain.
Related articles:
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Wiwa Twipass checks for Twitter password leak
Seen at: go.bloomberg
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Chicago Purchasing Managers Index Decreased in April
Business activity in the US
expanded in April at the slowest pace since the end of 2009,
adding to evidence that manufacturing is cooling.
The Institute for Supply Management-Chicago Inc. said today
its barometer decreased to 56.2 during the month, lower than the
most pessimistic forecast in a Bloomberg News survey, from 62.2
in March. Readings greater than 50 signal growth.
The pace of production eased in April, reflecting a
recession in Europe and a slowdown in China that may keep
holding back orders. A separate report today showed US
consumer spending and incomes climbed in March, indicating that
household demand will help underpin the economy as long as the
job market continues to heal.
“We’re likely to see manufacturing growth ease a bit,”
said Peter Newland, a US economist at Barclays in New York.
“A gradual improvement in the labor market is going to be key
for consumer spending. This is consistent with further moderate
growth.”
Economists projected the purchasing managers’ gauge would
fall to 60, according to the median of 55 estimates in the
survey. Projections ranged from 58 to 62.9.
Household purchases, which account for about 70 percent of
the economy, increased 0.3 percent in March, after a revised 0.9
percent gain the prior month that was stronger than first
reported, Commerce Department figures showed. The median
estimate of 72 economists surveyed by Bloomberg called for a 0.4
percent rise.
Stocks Decline
The Standard amp; Poor’s 500 Index (SPX) declined, halting a four-
month advance, after the Chicago index and a report showing
Spain’s economy entered into a recession. The Samp;P 500 slid 0.4
percent to 1,397.91 at the close of trading in New York. The
yield on the benchmark 10-year Treasury note fell to 1.92
percent from 1.94 percent on April 27.
Spain’s economy shrank 0.3 percent in the first quarter,
the same as in the previous three months, the Madrid-based
National Statistics Institute said today. The contraction put
the euro region’s fourth-largest economy into its second
recession since 2009.
Other reports today showed Taiwan’s economy expanded at the
slowest pace since 2009, Singapore’s jobless rate unexpectedly
rose and growth in South Korean industrial output eased in
March, underscoring the impact of Europe’s crisis on trade-
reliant Asian economies.
American companies are also bracing for the impact.
Headwinds From Europe
“We continue to anticipate headwinds from continued
economic uncertainty in Europe,” Juan Figuereo, chief financial
officer at Atlanta-based household products maker Newell
Rubbermaid Inc., said on an April 27 conference call with
analysts. Still, “we are seeing continued momentum in our
emerging markets.”
Caterpillar Inc., the world’s largest maker of construction
and mining equipment, is among companies still seeing gains in
demand. The Peoria, Illinois-based company last week raised its
earnings forecast and posted first-quarter profit that topped
analysts’ estimates.
Economists watch the Chicago index and regional
manufacturing reports for an early reading on the national
outlook. The group says its membership includes both
manufacturers and service providers with operations in the US
and abroad, making the gauge a measure of overall growth.
Data from the Federal Reserve Banks of Philadelphia and New
York showed manufacturing expanded at a slower pace in April.
ISM Report
The Institute for Supply Management’s national factory
index probably slid to 53 in April from 53.4 the prior month,
according to the median projection in a Bloomberg survey ahead
of the group’s report tomorrow. As in the Chicago survey, a
reading greater than 50 signals expansion.
The Chicago group’s production gauge decreased to 57.1, the
weakest since September 2009, from 68.6, today’s report showed.
The index of new orders dropped to 57.4, the lowest in 11
months, from 63.3. The employment measure climbed to 58.7 from
56.3 the prior month.
Income gains may help fuel demand. Today’s Commerce
Department report showed incomes advanced 0.4 percent, the most
in three months, and the savings rate rose.
Even with the slowdown in March, household purchases grew
in the first quarter by the most in more than a year as sales
climbed at car dealerships and retailers like Target Corp.
A pickup in hiring and wages is needed to maintain last
quarter’s pace of spending. Hiring probably accelerated in April
after the weakest gain in five months, and the jobless rate
stayed at 8.2 percent, showing improvement in the labor market,
economists said before reports this week.
Employment Data
Payrolls climbed by about 160,000 workers after a 120,000
gain in March, according to the median estimate in a Bloomberg
survey before Labor Department data due May 4. Employers
increased payrolls by 635,000 from January through March, the
biggest quarterly gain since the first three months of 2006.
Unseasonably mild temperatures may have also spurred
Americans to dine out and shop. The January to March period was
the warmest first quarter in records going back to 1895,
according to the National Oceanic and Atmospheric
Administration.
Retailers posted gains in March as stores offered discounts
and shoppers stocked up early on spring gear. March same-store
sales at Target, the second-largest US discount chain, and Gap
Inc. (GPS), the biggest US apparel chain, beat the average estimate
of analysts. Cars sold last quarter at the fastest pace in four
years, according to industry data.
To contact the reporters on this story:
Timothy R. Homan in Washington at
thoman1@bloomberg.net;
Shobhana Chandra at
Schandra1@bloomberg.net
To contact the editor responsible for this story:
Christopher Wellisz at
cwellisz@bloomberg.net
5 Things You Should Know Before Purchasing an AED
The company that placed this press release with PRWeb is responsible for its content. It is not edited by the Albany Times Union.
Poll: Mobile increasingly important for purchasing say Americans
BizReport : Ecommerce : May 03, 2012
Poll: Mobile increasingly important for purchasing say Americans
When it comes to mobile shopping, research isnt the only thing people are looking for. To date many in the industry have believed mobiles were used primarily to research products or share deals through social networks. New research out from Placecast indicates mobiles are increasingly being used as a purchase point.
by Kristina Knight
RPT-Singapore April PMI in surprise contraction despite order growth
(Repeats with no changes to the text)
SINGAPORE, May 3 (Reuters) – Singapores manufacturing
activity contracted in April after two months of expansion, hurt
by drops in employment and order backlogs, the latest Purchasing
Managers Index (PMI) showed.
But new orders and export orders continued to strengthen,
indicating the pause could be temporary and a recovery in
manufacturing is still on track.
Singapores PMI stood at 49.7 points in April, down from
50.2 points in March, the Singapore Institute of Purchasing
Materials Management (SIPMM) said on Tuesday. A reading below 50
indicates a contraction in the sector.
A separate PMI for Singapores important electronics sector
stayed in positive territory for the fourth straight month with
an April reading of 51.5, unchanged from March, SIPMM said.
The PMI for electronics has now been in positive territory
for three straight months.
Asias factories have been hit by weak demand in the West,
particularly from Europe, although conditions have begun to
improve.
The Global Manufacturing Purchasing Managers Index (PMI),
produced by JPMorgan with research and supply management
organisations, rose to 51.4 in April from Marchs 51.1, a report
showed on Wednesday.
Singapores central bank said earlier this week the
city-states economic recovery is likely to be muted with
continued weakness in electronics a drag on growth, painting a
less rosy picture of the economy compared with other
forecasters.
SINGAPORE OVERALL PMI
Apr Mar Feb Jan Dec Nov Oct Sep Aug Jul
49.7 50.2 50.4 48.7 49.5 48.7 49.5 48.3 49.4 49.3
Electronics Index
51.5 51.5 51.0 50.5 49.7 50.9 52.1 47.2 48.0 49.5
New Export Orders Index
51.3 51.0 50.5 49.0 49.5 47.3 46.8 47.6 48.7 49.1
CONTEXT:
– Singapores PMI is produced ahead of government data on
manufacturing and exports.
– Economists who cover Singapore say the PMI does not appear
to track activity in pharmaceuticals, which has been Singapores
fastest-growing manufacturing sector in recent years.
– For more PMI reports from around the world, see
(Reporting by Kevin Lim; Editing by Kim Coghill)
