Moving and Storage Business News

The News Review:

- A Certification Standard Has Not Emerged In Emergency Preparedness…
- Business Digest | Business | projo.com | The Providence Journal
- What went wrong at UBS?
- Check it out

A Certification Standard Has Not Emerged In Emergency Preparedness…
Al-Bawaba – Apr 5, 2008
It is quite surprising that so few large companies have board approval on their emergency preparedness plans, says Cavanagh. This could be because in larger companies, emergency preparedness is considered an operational rather than a strategic issue, so it may not be considered essential to send it to the board for review. Off-Site Storage Very PopularThe most common procedure companies currently have in place for emergency preparedness is by far the maintenance of an off-site storage of data and documents. This step is essential for business continuity in the event that a firms primary facility is damaged or otherwise inaccessible. Fully 81% of companies report that they store these materials off-site. But a much smaller proportion (40%) has an off-site emergency operations center. Approximately 62% of companies maintain a phone tree, and the same percentage has installed security checkpoints at entries to their facilities.

Business Digest | Business | projo.com | The Providence Journal
Providence Journal – Apr 5, 2008
The bottle uses a proprietary two-stage filtration system that has been WQA tested and certified for the reduction of aesthetic chlorine, taste and odor. The company says the filter makes ordinary tap water taste more like bottled water, but does not produce environmental waste and costs only a fraction of the expense per use. The company also produces a line of storage containers that come with removable ice packs. Connecticut to sell pension bondsConnecticut has scheduled the sale of $2 billion in pension bonds for this month, hoping to invest the proceeds and earn more than it pays bondholders. The state will let individual investors bid on the taxable bonds next week, according to Sarah Sanders, Connecticut’s assistant treasurer for debt management. The following week it will sell the remaining bonds to institutions, she said. Proceeds will be used to help cover a $6…
And the state is willing to assume Portland’s cargo operation because it benefits industries across Maine, said John Henshaw, executive director of the port authority. The talk of turning the terminal over to the state comes during a period of growth for Maine’s only cargo container facility. The number of cargo containers moving through Portland grew 84 percent last year, from 2,218 in 2006 to 4,077, said Jeffrey Monroe, Portland’s transportation director. Dominion Diagnostics launches Web siteNorth Kingstown-based Dominion Diagnostics, LLC, a provider of clinical urine drug testing, medication monitoring and support services nationwide, has announced a new Web site,. dominiondiagnostics. dominiondiagnostics.

What went wrong at UBS?
International Herald Tribune – Apr 5, 2008
subprime lenders like New Century filed for bankruptcy. With losses mounting, UBS moved to shut down Dillon Read in early May, making it Wall Street's first casualty of toxic mortgage debt. “We like to say we're in the moving business, not the storage business,” said Robert Wolf, the president of UBS's investment bank. “But we got away from that philosophy. ” UBS executives like Wolf now blame Dillon Read for adding to the magnitude of the disaster, but a former senior trader at Dillon Read said he warned managers in Zurich and London in early 2007 that credit markets were on the verge of a meltdown. “I first started selling in March, but they thought we were crazy, that we were panicking,” recalled the trader, who insisted on anonymity because he was not authorized to discuss UBS affairs publicly. In interviews, this trader, as well as several other former senior managers of UBS, said the company's multilayered system of management committees compounded the problem.

Check it out
San Diego Union Tribune – Apr 5, 2008
Attendance drops slightly on the weekends, withabout 4,000 people. Swap meet sellers such as Richard Paul operate their business out of a metal container unit to make storage easier. Paul said the containers reduce the cost and hassle of moving merchandise – such as Paul's San Diego Chargers memorabilia – to and from the swap meet. Sellers must have a state vendor's license. The snack bar's menu varies, but Mexican food – including carne asada, quesadillas, tacos, beans and rice – is often served Wednesdays. On Saturdays and Sundays, expect hot dogs, hamburgers and nachos. Because Wednesdays are busy, parking on the lot fills up fast.