• News 12.12.2008

    The News Review:

    - San Jose sports enthusiasts attack school district budget that …
    - JJB Sports Tumbles as Citigroup Cuts Price Estimate to 1 Penny
    - World Premiere: Turner Sports and Cinedigm to Broadcast Live Via …
    - Formula 1 agrees to cost-cutting measures in sport
    - New Canaan Ski & Sport(TM) Launches Annual Holiday Coat Drive Effort

    San Jose sports enthusiasts attack school district budget that …
    San Jose Mercury News  USA 
    Bob Nuñez superintendent of the East Side Union High School District unveiled a budget that cuts overall spending by $11. 1 million from sports — a move that eliminates football basketball soccer and all other athletic programs. “Shame on you and the people who are responsible for even bringing this up tonight” said Jeff Borges a coach at Andrew Hill High before a standing-room-only crowd that filled the board room and spilled into the lobby.
    Related from Managementmonster: Dallas school officials missed, misread signs of deficit

    JJB Sports Tumbles as Citigroup Cuts Price Estimate to 1 Penny
    Bloomberg 
    12 (Bloomberg) — JJB Sports Plc the U. ?s secondlargest sport-goods retailer dropped as much as 31 percent to arecord low in London trading after Citigroup Inc. cut its priceestimate to 1 penny on concern about the retailer?s reliance onbank funding and deteriorating sales performance. JJB fell as much as 2. 32 pence and traded at7.

    World Premiere: Turner Sports and Cinedigm to Broadcast Live Via …
    FOXBusiness 
    (“SENSIO”) (TSX VENTURE: SIO) creator of the SENSIO(R) 3D technology announced today that in February 2009 the first ever Live 3D sporting event will be broadcast to theatres across the United States on up to 160 screens. The Turner Sports’ event will be presented to a paying audience in 35 states by Cinedigm Digital Cinema Corp (“Cinedigm”) (NASDAQ: CIDM) (formerly AccessIT) using their CineLive(TM) product. This first event marks a key milestone in SENSIO’s business plan. Over the past year the Company has focused on integrating its live 3D technology in the theater network of its exclusive U.

    Formula 1 agrees to cost-cutting measures in sport
    The Associated Press 
    The FIA says Formula One teams have unanimously agreed to the steps which come as the global financial crisis is hitting automakers. The FIA says that engine life will be doubled in 2009 with each driver limited to a maximum of eight engines over the season. Also teams will not be able to test their cars during the race season except at Grand Prix weekends during scheduled practices. The FIA’s World Motor Sport Council agreed to the measures Friday at a meeting in Monaco.

    New Canaan Ski & Sport(TM) Launches Annual Holiday Coat Drive Effort
    MarketWatch 
    11 2008 NEW CANAAN CT Dec 11 2008 (MARKET WIRE via COMTEX) –New Canaan Ski & Sport has launched their annual coat drive event tobenefit those in need of warm coats this winter. “This event isalways important but this year it’s critical” stated SusanAlberino one of the principals of the family owned business. “Wewant to receive as all businesspeople do but we absolutely must giveas much as we can this year as human beings” commented Pam Alberino. The stores located in Ridgefield and New Canaan are also running aspecial store-wide savings program with the ability for customers toreceive up to 20% in savings on their purchases after a singlepurchase of $50 or more. Shoppers who qualify will select a specialsnowflake tree ornament in-store with a specific savings designationin each ornament.

    Posted by admin @ 11:12 am

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