By Alain Iloniaina ANTANANARIVO (Reuters) - Madagascar's president Andry Rajoelina, under international pressure not to seek re-election in July, has set out the terms under which he would withdraw from the race, but warned that the specter of civil war loomed over the Indian Ocean island. Madagascar has been in political crisis since 2009 when Rajoelina seized power with military support, ousting former President Marc Ravalomanana and triggering turmoil that scared off investors and devastated the vital tourism sector. ...
Filed under: Minivan/Van, Government/Legal, Work, Nissan, Specialty Nissan scored a big win for itself when the NV200 was named New York City's Taxi of Tomorrow, but the compact van has been under attack ever since. The latest setback for Nissan comes from the New York Supreme Court, which has reportedly ruled the deal between NYC and Nissan is "null, void and unenforceable" since the NV200 is not a hybrid - one of the key parts of NYC Mayor Michael Bloomberg Taxi of Tomorrow plan. The NV200 Taxi launches this October. Although Nissan says it is bringing a hybrid version of the van to market in 2015, the New York Supreme Court ruled against Nissan, which opens the door for taxi companies in NYC to drive non-Nissan hybrid vehicles. Despite this setback, it doesn't sound like this ruling will affect the NV200 becoming the official taxi of NYC as a part of the 10-year contract worth an estimated $1 billion.Nissan's NY taxi deal faces court obstacles originally appeared on Autoblog on Sat, 25 May 2013 09:00:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments
PITTSBURGH (AP) — Boston or the New York Rangers? To be honest, Ottawa's Daniel Alfredsson doesn't think it matters who the Pittsburgh Penguins face in the Eastern Conference finals.
The term “zombie director” refers to a board member who’s elected without the support of a majority of the shareholder votes — and their existance infuriates corporate governance watchdogs. But Cablevision reports today that two of the five candidates for the board seats to represent public investors failed to meet that threshold at yesterday’s annual meeting. Since the company only nominated five people for the openings — and there were no outside candidates — they couldn’t lose. But Bond Street Holdings’ Vincent Tese won with just 45.2% supporting him and 54.8% withholding approval. New Century Holdings’ Leonard Tow was supported by 48.2%. Another director who failed to win a majority last time — former JP Morgan Chase Managing Director Thomas Reifenheiser — barely made it above that level with 50.5% support. The results outraged New York City Comptroller John Liu who oversees the city pension funds’ 532,020 Class A Cablevision shares and had urged investors to oppose the board candidates. “Shareowners delivered a stinging rebuke to the five Cablevision directors we opposed for being ineffective and unaccountable, including majority votes against two of them,” Liu said. “Both Mr. Tese and Dr. Tow, should immediately step down. In Mr. Tese’s case, this is the third majority vote against his directorship in the past four years. Enough is enough.” Liu is running for mayor as city labor leaders allege that Cablevision CEO Jim Dolan refused to bargain in good faith ... Read More »
NEW YORK (Reuters) - The stock market's break in its recent rally this week left investors wondering if they're seeing a turning point or just a blip in the upward path.
NEW YORK (Reuters) - A U.S-Syrian citizen accused of conspiring with jailed Russian arms dealer Viktor Bout has been extradited to New York from Australia to face charges he conspired to buy aircraft in violation of economic sanctions, federal prosecutors said on Friday.
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