Darn Tough Vermont,Darn Tough Vermont founder and owner Ric Cabot has been chosen to be a member of CNBC’s Small Business Council and will appear on live television this Friday, April 15 during CNBC’s show, ‘Squawk on the Street.’ The CNBC Small Business Council, an exclusive group of 15 executives, provides insight about the challenges and opportunities facing small business owners in a variety of industries and sectors. ‘I am pleased to offer my commentary on the state of small business in this country through the national platform provided by CNBC,’ said Cabot. ‘I am hopeful that the lessons I have learned as the owner of a multi-generational family business will help guide other small business owners and entrepreneurs toward their own successes.’Cabot is expected to make his debut appearance around 10:30 a.m. Eastern on Friday, April 15, 2011 during CNBC’s ‘Squawk on the Street’ show hosted by Mark Haines and Erin Burnett. ‘Squawk on the Street’ is filmed live from the New York Stock Exchange. Cabot will be taping his first on-air appearance live from the Darn Tough mill in Northfield, Vermont.For more information on CNBC’s Small Business Council please visithttp://www.cnbc.com/id/40839485/CNBC_s_Small_Business_Council(link is external).For more information about Darn Tough Vermont please visit www.darntough.com(link is external). Darn Tough Vermont is a manufacturer of premium, all weather outdoors socks, with headquarters in Northfield, Vermont. Darn Tough Vermont offers products in six active wear categories: ski/ride, hike/trek, run/bike, lifestyle, hunt and kid’s styles. The company’s product is distinguished from industry competitors by: 100% USA manufacturing; small needle knitting which results in more stitches per inch and exceptional durability and cushioning; an exclusive blend of either Coolmax® or ultra-fine merino wool for softness, fit, durability and moisture management; and a unique unlimited lifetime guarantee policy. For more information, visit: www.darntough.com(link is external).
The State-Owned Enterprises (SOEs) Ministry will close down or merge state-owned companies that have consistently failed to post profits as part of the government’s restructuring of SEOs, Deputy SOE Minister Kartika “Tiko” Wirjoatmodjo said in Jakarta on Thursday.Tiko said that all underperforming SEO’s were currently under review, as the ministry looked to figure out which should be merged and which should be liquidated. The review will also determine which companies will focus their operations on public services, he added.“[SOEs Minister] Pak Erick [Thohir] wants to reduce the number of state-owned firms to 100 from 142 at present in order to improve efficiency,” he said on the sidelines of the Mandiri Investment Forum 2020 in Jakarta on Wednesday. The ministry will also enlist the help of state-owned asset management company PT Perusahaan Pengelolaan Aset (PPA) to assess which SOEs need to be merged or liquidated, said Tiko.Read also: Erick Thohir appoints police general Carlo Tewu to help manage state firmsHowever, before the ministry can make such big decisions, it has to wait on a new regulation that will give the SOEs Ministry broader managerial authority.“We’re still waiting on the new regulation because currently, the action can only be taken by the Finance Ministry,” Tiko said. Topics : Under Government Regulation No. 41/2003, the SOEs Ministry must obtain permission from the Finance Ministry, in its capacity as a shareholder, to carry out liquidation, mergers and spinoffs of state-owned companies, as well as capital injections.Minister Erick proposed last year that the regulation be revised so the ministry would no longer need to obtain approval from the Finance Ministry to restructure state enterprises.There are 142 SOEs at present, but about 70 percent of the profits, which totaled Rp 210 trillion [US$1.5 billion] last year, came only from 15 SOEs, Erick said in December 2019.
The Shrine Structure, the parking building behind the Shrine Auditorium, has concluded its construction.The parking lot will feature 1,300 total parking spaces, including 32 electric vehicle charging spots and 24 handicap parking spaces, according to an email from USC Transportation to the USC community.The Shrine Structure will become the ninth location for public parking near campus, and will also feature 43 short-term spots for local shops. These spaces will be limited to use for two hours and will cost visitors $2 per hour.“We plan to keep the new structure as available to the public and permit holders as possible, with its primary occupancy tied to University Village students and retail staff,” USC Transportation said in the email.With LED lighting and security on-site 24 hours a day, USC Transportation aims to increase the security of the vehicles parked in the building.This structure, which will open on April 3, will function as one of the closest parking buildings to the USC Village, which is set to open next fall.The USC Transportation Office was not available to provide further details.