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Dolphins owner may form bank to pursue condo lender - Business - MiamiHerald.com

www.miamiherald.com | Sep 12, 2009

Miami Dolphins owner Stephen Ross has won permission to form a bank that may help him bid for assets of troubled condo lender Corus Bankshares, which was seized by federal regulators Friday, according to recently released documents.

http://www.miamiherald.com/103/story/1229827.html

Industry Asks: Did Sternlicht Overpay for Corus Condo Loan Portfolio ? - Real Estate Channel Global

www.realestatechannel.com | Oct 12, 2009

(HOBOKEN, NJ) -- In typical Monday-morning quarter-backing, the real estate capital market today is asking: Did Barry Sternlicht's Starwood Capital Group overpay for the Corus Bank condo and commercial loans portfolio? (Please see, "Starwood and TPG Win $5B Corus Condo Assets With Bid of $2.

http://www.realestatechannel.com/us-markets/commercial-real-estate-1/real-estate-news-starwood-capital-group-barry-sternlicht-corus-bank-related-cos-lubert-adler-partners-istar-financial-jp-morgan-dune-capital-management-angelo-gordon-1506.php

Corus Auction Promises Property 'Mark' - WSJ.com

online.wsj.com | Sep 23, 2009

About 10 investors are expected to submit bids for $5 billion in condo loans and other property held by the failed Corus Bank, in a key test of commercial real-estate values.

http://online.wsj.com/article/SB125366312908832333.html?mod=residential_real_estate

 

The FactPoint Group Releases Private Cloud Computing ROI Study - Zibb.com

A white paper published by The FactPoint Group, a Silicon Valley-based research and consulting firm, quantifies significant cost and efficiency gains at Corus Automotive Engineering Group (AEG), an engineering company using a private cloud solution powered by Univa UD and Intel technologies, the company reported.

Corus is part of Tata Steel, a worldwide steel producer.

The solution, based on the Intel Xeon Processor 5500 series and Univa private cloud software running technical computing applications, has delivered measurable benefits in under three months. According to the report, these include an 80 percent reduction in systems administration time, cost savings exceeding $115,000 and a 200 percent increase in application performance.

"We couldn't be happier with the project results to date," said Mike Twelves, IT Systems Manager at Corus AEG. "With the Univa private cloud we are moving complexity out of the system and at the same time improving efficiency across application processing, license utilization and system admin workflow. The Intel Xeon processor 5500 series should absolutely fly for our massively parallel processing applications, upping the performance of the system even further."

"With Univa and Intel, we are positioning Corus strongly for the rebound of the auto industry, our key customer," Twelves said.

In addition to documenting gains achieved in the first three months, the report also quantifies expected efficiency gains from the second half of the project, including an anticipated 40 percent reduction in power consumption and 82 percent reduction in hardware footprint.

"Ultimately, our goal is to provide a high-performance, resilient and robust IT infrastructure to support the group's needs and to reduce our operating costs by 20 percent," said Professor Jon King, Director, Corus AEG. "Transforming our infrastructure with more efficient tools like Univa's private cloud and Intel Xeon 5500 architecture is an important part of that strategy."

"By adopting this state-of-the-art cloud environment powered by Univa and Intel, Corus AEG is proving itself as a leader and innovator in the field of engineering," said Jason Liu, Univa CEO. "We're excited to continue working with Corus and Intel through the second half of the implementation, where further gains are likely to be achieved."

"These results underscore the value of Intel Xeon architecture for cloud environments," said Billy Cox, Director, Cloud Software Strategy at Intel Corp. "The use of private clouds for this type of compute demand is ideal for Intel Xeon where performance and efficiency are key factors. By working with Univa we are enabling customers to easily tap into this power for their cloud requirements."

Report Information:

http://www.univaud.com/hpc/cloud-roi-study.php

More Information:

www.univaud.com

((Comments on this story may be sent to newsdesk@closeupmedia.com))

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Tags: architecture   art   automotive   ceo   consulting   engineering   environment   hardware   research   software   steel   technology   workflow  

Companies: Tata Steel Ltd (TATLY)

 

Private Cloud Computing ROI Study Released - Zibb.com

A white paper published today by The FactPoint Group, a Silicon Valley-based research and consulting firm, quantifies significant cost and efficiency gains at Corus Automotive Engineering Group (AEG), a leading engineering company using a private cloud solution powered by Univa UD and Intel technologies. Corus is part of Tata Steel, one of the top ten steel producers in the world.

The solution, based on the Intel(R) Xeon(R) Processor 5500 series and Univa private cloud software running technical computing applications, has delivered measurable benefits in under three months. According to the report, these include an 80% reduction in systems administration time, cost savings exceeding $115,000 and a 200% increase in application performance.

"We couldn't be happier with the project results to date," said Mike Twelves, IT Systems Manager at Corus AEG. "With the Univa private cloud we are moving complexity out of the system and at the same time improving efficiency across application processing, license utilization and system admin workflow. The Intel Xeon processor 5500 series should absolutely fly for our massively parallel processing applications, upping the performance of the system even further."

"With Univa and Intel, we are positioning Corus strongly for the rebound of the auto industry, our key customer," Twelves added.

In addition to documenting gains achieved in the first three months, the report also quantifies expected efficiency gains from the second half of the project, including an anticipated 40% reduction in power consumption and 82% reduction in hardware footprint.

"Ultimately, our goal is to provide a high-performance, resilient and robust IT infrastructure to support the group's needs and to reduce our operating costs by 20%," said Professor Jon King, Director, Corus AEG. "Transforming our infrastructure with more efficient tools like Univa's private cloud and Intel Xeon 5500 architecture is an important part of that strategy."

"By adopting this state-of-the-art cloud environment powered by Univa and Intel, Corus AEG is proving itself as a leader and innovator in the field of engineering," said Jason Liu, Univa CEO. "We're excited to continue working with Corus and Intel through the second half of the implementation, where further gains are likely to be achieved."

"These results underscore the value of Intel Xeon architecture for cloud environments," said Billy Cox, Director, Cloud Software Strategy at Intel Corporation. "The use of private clouds for this type of compute demand is ideal for Intel Xeon where performance and efficiency are key factors. By working with Univa we are enabling customers to easily tap into this power for their cloud requirements."

The paper, titled "Private Cloud Case Study: 12 Ways to Create Business Value with a Univa-Intel(R) Infrastructure Transformation," is available for download at http://www.univaud.com/hpc/cloud-roi-study.php.

About Univa UD

Univa UD is a leader in cloud computing management. Univa understands the challenges and benefits of cloud and provides the evolutionary path and comprehensive product suite to get companies there -- all without having to 'rip and replace' legacy IT investments. For over a decade, Univa has delivered proven, award-winning technology to hundreds of market-leading companies. Our lightweight infrastructure products are fast and easy to deploy, ensuring better time to value, and our leading service governance product intelligently automates resource provisioning based on application SLAs. With a focus on making business easier for our customers, Univa is advancing the vision and practice of cloud computing. Visit us at www.univaud.com.

SOURCE: Univa UD

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Donna Gaidamak 
TechImage 
847-279-0022 ext. 225 
donna.gaidamak@techimage.com

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Tags: architecture   art   automotive   business   ceo   consulting   engineering   environment   hardware   market   products   research   software   steel   technology   workflow  

Companies: Tata Steel Ltd (TATLY)

 

Tata Steel to divert 50% of raw material to Corus in nxt 5-6yr - Zibb.com

India's Tata Steel would channelise 50 percent of its iron ore and coking coal -- key inputs for making steel-- to its European subsidiary Corus by 2015 in a move aimed at securing raw material for the Anglo-Dutch steel maker and cut operational cost.

The world's sixth largest steel firm is also looking to save one billion pounds at its European operations in 2009-10 by pursuing its cost-cutting programmes -- "Weathering the Storm" and "Fit for Future." "The fundamental thing is our strategy to get raw material license to ensure that over a period of next five-six years, Corus or Tata Steel Europe as it is now called, gets 50 per cent of the raw material," Tata Steel Managing Director B Muthuraman told reporters here Thursday.

The raw material for Corus would come from company's mines in Mozambique, Canada and South Africa besides other places, he said, adding that the initiative would take a few years to complete. The company would continue to scout for more coal and iron ore assets abroad.

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Tags: canada   coal   europe   india   mining   mozambique   south africa   steel  

Companies: Tata Steel Ltd (TATLY)

 

Corus Entertainment selects Siemens as technology partner - Zibb.com

Canadian integrated media and entertainment company Corus Entertainment has selected Siemens IT Solutions and Services to be its technology partner in making the transition into the new Corus Quay headquarters in Toronto.

Corus said that the move will be completed and Corus will be live on air by the end of 2010. The project will bring more than 10 separate offices and more than 1,100 Corus employees together into a technologically and architecturally significant broadcast and production facility on the shores of Lake Ontario.

Siemens will be responsible for developing and implementing a detailed design of the broadcast system, resulting in more than 20 standard and high definition broadcast signals going live from Corus Quay. The system will include such core broadcast technology as ingest, play out, master control, and scheduling systems.

Scott Dyer, chief technology officer of Corus Entertainment, said: "Siemens has already shown that it can complete a media integration of enormous size and complexity. To go live in a new, integrated media environment we needed a partner with the capability, experience and innovative thought leadership to help guide our integration and relocation efforts."

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Tags: canada   entertainment   environment   media   ontario   technology   toronto  

Companies: Corus Entertainment, Inc. (CJR), Siemens AG (SI)

 

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Chicago Consumer Rights Attorney | Illinois Unfair Collection Practices Lawyer | Elgin, Aurora,

Consumers, borrowers, and debtors are welcome to send collection letters and loan documents to our firm for evaluation. Fax these documents to 312-419-0379 or contact us by phone or email to schedule a free consultation to discuss any other consumer law concern.

http://www.edcombs.com/

News - News Archive - News Archive - Rotherham Investment & Development Office

, announced its participation in the launch of Boeing's new 787 Dreamliner. Through its long-term contract with Messier-Dowty, a direct supplier to Boeing, CES is providing high strength, remelted steels for the aircraft's landing gear components.

http://www.rido.org.uk/news.php?article=677&archive=1&from=6&fontsize=large

Analysis - Wragge & Co - UK Law Firm

Corus UK Limited (Corus) is the new name for what used to be known as British Steel. Qual-Chem is a family-run private company which specialises in the provision of products and services to the steelmaking industry.

http://www.wragge.com/analysis_3636.asp

Corus Opens Stocksbridge Plans To Public Consultation

A Draft Development Brief, prepared by the Manchester office of property and planning consultants GVA Grimley, will be the subject of public consultation for 6 weeks until 27th September.

http://www.gvagrimley.co.uk/x1950.xml

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Corus - Welcome to Corus

www.corusgroup.com

Corus is a customer focused, innovative solutions-driven company, which manufactures, processes and distributes metal products as well as providing design, technology and ...

http://www.corusgroup.com/

Corus Group - Wikipedia, the free encyclopedia

en.wikipedia.org

Corus is a subsidiary of Tata Steel, part of India 's Tata Group. It is the world's fifth largest steel producer, with headquarters in London, England.

http://en.wikipedia.org/wiki/Corus_Group

Corus Group plc | Related Topics | National Post

www.nationalpost.com

From National Post. Corporate culture gives an edge. Canada's most-admired corporate cultures are outperforming the rest -- despite the economic downturn -- say executives at ...

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Corus Group plc (CGA) Information: Stock Profile, Address, and ...

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Corus Group plc (CGA) stock profile information from InvestorWords - The Most Comprehensive Investing Glossary on the Web! Over 6000 financial and investing definitions, with links ...

http://www.investorwords.com/cgi-bin/stocksymbol.cgi?ticker=CGA