Business Markets

CoreSite Realty Corporation (NYSE: COR), a U.S. provider of powerful, network-rich data centers, today announced that Eucalyptus Systems, creators of the most widely deployed on-premise cloud computing platform, has launched a new enterprise-class cloud test lab offering at CoreSites Bay area data center campus to address the growing demand for cloud computing technologies. The Eucalyptus Cloud Test Lab provides enterprises with a secure, fully functional hosted infrastructure as a service cloud to validate their cloud application migration strategies prior to implementation.  The official product launch date is set for March 1, 2012.

Eucalyptus Cloud Test Lab is a complete cloud-ready data center solution with fast and easy setup. The solution, which includes hosting, hardware and Eucalyptus open source cloud software, enables customers to configure virtual cloud resources, experience full elastic-compute resource management, and demo their applications on private cloud software. To redu

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Diamond Foods, which makes Emerald Nuts and Pop Secret popcorn, and Procter & Gamble said Wednesday that they mutually agreed to end their proposed deal.

Kellogg is looking to strengthen its snacks business and make it as big globally as its cereal business. Kellogg’s snack brands include Keebler, Cheez-It and Special K Cracker Chips.

“Pringles has an extensive global footprint that catapults Kellogg to the number two position in the worldwide savory snacks category, helping us achieve our objective of becoming a truly global cereal and snacks company,” Kellogg President and CEO John Bryant said in a statement.

Diamond’s stock gained 65 cents, or 2.9 percent, to $22.95 in premarket trading, while Procter & Gamble’s stock dipped 10 cents to $64.38.

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While the Olympians of high politics clash with the Titans of international finance over the mega-million deals necessary to keep Greece in the euro, is anyone actually interested in what happens to Greece?

The top priority for Greece is to build a modern economy. Bailouts and austerity packages of themselves build nothing. While it is true that Greece, like America, Britain, and practically every other Western economy, needs to sort out its public sector debt, that in itself is not enough. Teaching a government to stand on its own two feet is a necessary precondition, but no more than that – a first step.

The important part, and the really hard part, is generating private sector business that adds value to the GDP. Those protesting about cuts in public services ignore the fact that, without viable businesses making money to pay taxes, there can be no public sector services. F

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Dear readers,

I find that we can occasionally learn about network marketing and social media marketing from traditional media.  This week I’m going to share some great network marketing lessons I picked up while watching American Pickers on the History Channel.

I’ve written in the past on social media marketing lessons we can get from professional poker players, Major League Baseball, and the Voice on NBC.

This time we’re going to take a totally different course. We’re going to talk about the tv show, American Pickers and how Frank & Mike would make great network marketers.

I’m visiting my parents for a few weeks because my dad had surgery and my business allows me to take time off and travel as need be.  Thank goodness I’m a full time network marketer and don’t have a J.O.B.  My dad and I we

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Steam escapes from Exelon Corp.’s nuclear plant in Byron, Ill. A nuclear reactor the plant shut down Monday after losing power, and steam was being vented to reduce pressure, according to officials from Exelon Nuclear and federal regulators. 

BYRON, Ill.   — A nuclear reactor at a northern Illinois plant shut down Monday after losing power, and steam was being vented to reduce pressure, according to officials from Exelon Nuclear and federal regulators.

Unit 2 at Byron Generating Station shut down around 10:18 a.m., after losing power from an off-site source, Exelon officials said. Diesel generators began supplying power to the plant equipment and operators began releasing steam from the non-nuclear side of the plant to help cool the reactor, officials said.

Even though the turbine is not turning to produce electricity, “you still need to cool the equipment.” said U.S. N

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The parent company of Ranor Inc., in Westminster has named a new president at Ranor, the company announced.

Bob Francis, a senior executive with multi-site operational experience, is the new president and general manager at the machinery manufacturer. He was most recently vice president and general manager at GKN Monitor Aerospace, a division of GKN Aerospace. Prior to that, he held operational positions in a variety of organizations, specializing primarily in the design and manufacture of composite components, supplying to the aerospace, defense and commercial markets.

Ranor is owned by TechPrecision Corp., based in Center Valley, Pa. Francis replaces Stanley Youtt, who will remain with Tech Precision as executive vice president the Company and become EVP of Special Projects, primarily focused on executing plans for TechPrecision’s new waterfront operation.

Scott O’Malia, a Republican CFTC commissioner, has proposed the formation of a subcommittee that would be tasked with defining and identifying high-frequency trading in futures, swaps and options.

So far there is little consensus as to what is algorithmic or high-frequency trading and how various trading patterns affect the markets.

The subcommittee would be part of the CFTC’s Technology Advisory Committee, chaired by O’Malia. CFTC Chief Economist Andrei Kirilenko would lead the panel.

“I believe that this lack of consensus is impeding the ability to have a public debate on different trading patterns and their effects on our markets,” O’Malia said on Monday.

In high-frequency trading, banks, hedge funds and proprietary firms use extremely fast automated programs to make trades in electronic markets. Such participants use programs to submit and cancel large numbers of trades, and are able to move in and out of positions quickly.

The popularity of high-frequency trading has surged, and growth is expected to continue as more swaps activity shifts to electronic platforms.

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