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Archives for: December 2005


DRUG NEWSWIRE , 12/3/2005
Tanox CEO Nancy Chang to Transition to Board Chairman
Edward Hu (MSIA 1996) has been promoted to senior vice president and chief operating officer of Tanox. Hu received his MBA and did graduate work in Biophysics and Biochemistry at Carnegie Mellon University.

DAILY DEAL/THE DEAL, 12/5/2005
Tips from the trenches: New corporate IT systems require deft management
Companies introducing new IT systems often focus on key areas that will generate a quick return on investment. Unfortunately, this may mean deferring other IT needs such as security, performance and scalability. "These things are much harder to tack onto an existing system than they are to build in initially," says Bob Monroe, Visiting Lecturer, Information Technology and Computer Science, "See how Microsoft has struggled with trying to make Windows secure."

GREENWIRE, 12/5/2005
Study finds no consumer benefits in electric restructuring
Research by Jay Apt, Executive Director of Carnegie Mellon Electricity Industry Center, Associate Research Professor, Distinguished Service Professor in Engineering and Public Policy, Lester B. Lave, Harry B. and James H. Higgins Professor of Economics and University Professor; Director, Carnegie Mellon Green Design Initiative; Co-Director, Carnegie Mellon Electricity Industry Center, and Seth Blumsack (MSIA 2003) indicates that electric industry restructuring really doesn't save consumers any money, contrary to prior studies.

PRNEWSWIRE - PRESS RELEASE, 12/8/2005
Auxilium Pharmaceuticals, Inc. Adds Two Industry Veterans to Board of Directors
Oliver Fetzer (MSIA 1993) joins the board of Auxilium Pharmaceuticals, Inc. (Nasdaq: AUXL), a specialty pharmaceutical company,. Dr. Fetzer is currently the Senior Vice President, Corporate Development and Research & Development at Cubist Pharmaceuticals, Inc.

WALL STREET JOURNAL, 12/9/2005
Relative Corruption
The work of Adam Lerrick, the Friends of Allan H. Meltzer Chair in Economics, is referenced in this article about G-7 increasing aid to the poorest nations, most of them African. However, it was stated that corrupt governments would not continue to receive the extra releif funds. Adam Lerrick noted in a paper that was released to the Congress's Joint Economic Committee, that a new rating system had been created to measure corruption in which "African nations are effectively compared mostly to each other."

PITTSBURGH POST-GAZETTE, 12/9/2005
Experts see hope for Iron City's survival
Despite locally brewed Iron City beer's b bankrupsy, experts like Peter Boatwright, Associate Professor of Marketing, think there is hope for the brand yet because it has branded products to which another brewing company may want to buy the rights. "Branding in the beer industry is extremely important. When people are buying beer, it's not simply the taste of the liquid they're buying. They're getting emotion and image in addition to the content of the bottle," said Boatwright.

PITTSBURGH POST-GAZETTE, 12/9/2005
Dateline Pittsburgh: Nonprofit
Dean Ken Dunn was elected to the board of the Pittsburgh Opera for a three-year term along with Douglas Millar, president and owner of Travelers' Service Company.

INDIACAR.NET, 12/10/2005
Delphi Names Two New Board Members John H. Walker joins Delphi's board.
Delphi Corp. announced today that it has elected two new directors, Raymond J. Milchovich, 56, the current president, chief executive officer and chairman of the board of directors of Foster Wheeler Ltd., and John H. Walker(MSIA 1986) 48, president and chief executive officer of The Boler Company.

HERALD STANDARD.COM (UNIONTOWN, PA), 12/12/2005
Gearing giving House race another go
Uniontown businessman Gary Gearing (EMP 1999) is announcing his candidacy for the 51st district of the state House of Representatives. Gearing, 49, will seek the Democratic nomination in the 2006 spring primary for the seat currently held by Larry Roberts. Two years ago, Gearing ran in the general election as an independent candidate and finished third in a field of five.

ASCRIBE NEWSWIRE - PRESS RELEASE, 12/13/2005
Co-Financing Movie Production Won't Make Them More Profitable
Research co-authored by Ronald Goettler, Associate Professor of Economics, is referenced in this release that indicates that contrary to popular beleif in the movie-business, co-financing on films that aren't sure to be hits, doesn't make the investment any less risky.

ASCRIBE NEWSWIRE - PRESS RELEASE, 12/13/2005
Co-Financing Movie Production Won't Make Them More Profitable
Research co-authored by Ronald Goettler, Associate Professor of Economics, is referenced in this release that indicates that contrary to popular beleif in the movie-business, co-financing on films that aren't sure to be hits, doesn't make the investment any less risky.

PITTSBURGH POST-GAZETTE, 12/15/2005
Time running out for online shoppers: As the Web shopping season reaches its peak, the biggest question mark is shipping
Ajay Kalra, associate professor of marketing, is quoted in this article about online shopping for the winter holidays. Kalra beleives that Monday is the biggest online shopping day because shoppers can go check out a product in person over the weekend, and then go online to search for the best deal.

INFORMIT.COM, 12/16/2005
Keys to Launching an Extraordinary Career: What Contribution Will You Make?
Robert Kelley, adjunct professor of organizational behavior and theory, who wrote the book 'How to Be a Star at Work: Nine Breakthrough Strategies You Need to Succeed' emphasizes the importance of lending co-workers a hand at a new job: "It's important to help out others early on, in particular those people you are going to be working with, either in your work group or those who are next to your work group. This sends a number of messages-first of all, that you are a 'giver.' It also tells people that you know how the game is played, that work is not a solo activity."

RICHMOND TIMES-DISPATCH, 12/18/2005
Want competition? It may be no pain, no gain Electricity deregulation has yet to yield consumer choice; are higher prices the answer?
This article about deregulation in the electric power agency references research completed at the Electricity Industry Center, which is lead by Lester Lave, Harry B. and James H. Higgins Professor of Economics and University Professor; Director, Carnegie Mellon Green Design Initiative; Co-Director, Carnegie Mellon Electricity Industry Center, and Jay Apt, Executive Director of Carnegie Mellon Electricity Industry Center, Associate Research Professor, Distinguished Service Professor in Engineering and Public Policy. Despite other studys indicating the deregulation saves consumers money, their research "shows that there is no evidence that restructuring has produced any measurable benefit to consumers."

THE WALL STREET JOURNAL, 12/19/2005
FPL, Constellation Reach Agreement On $11 Billion Deal
FPL Chairman and Chief Executive Lewis Hay III (MSIA 1982), will be the CEO of the new firm established with FPL Group Inc.ís acquisition of Constellation Energy Group Inc.

PITTSBURGH POST-GAZETTE, 12/20/2005
Local companies give shoppers a host of Pittsburgh-themed gift ideas
Peter Boatwright, Associate Professor of Marketing, is quoted in this article about why some promotional merchandise sells and others do not. It depends on the brand: "It's the emotional side that excites us. You're not going to wear a T-shirt just because you want to help out the big company Heinz, or support your local Primanti Bros. sandwich shop. It's something that the brand is giving the person."

PR NEWSWIRE - PRESS RELEASE , 12/22/2005
Gunjan Kedia Named Executive Director for Investment Manager Solutions - Americas
Mellon Financial Corporation has appointed Gunjan Kedia (MSIA 1994) to a new position as executive director for Investment Manager Solutions (IMS) - Americas. In this new position, she will oversee all IMS market-facing functions in the Americas region. She will report directly to John (Jack) L. Klinck Jr., Mellon vice chairman and IMS president.

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