Tag Archives: UCI

UCI Holdings Limited Reports Results of Operations for Fourth Quarter 2012

By Business Wirevia The Motley Fool

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UCI Holdings Limited Reports Results of Operations for Fourth Quarter 2012

LAKE FOREST, Ill.–(BUSINESS WIRE)– UCI Holdings Limited, the parent company of UCI International, Inc. (“UCI“), today announced UCI‘s results for the fourth quarter ended December 31, 2012. Net sales of $238.5 million increased slightly from the $237.3 million reported for the fourth quarter of 2011. The company, a leading manufacturer of vehicle replacement parts, reported that net sales increased in the OES (new car dealer service) and OEM (original equipment manufacturer) channels, and declined in the retail and heavy duty channels, while the traditional channel was essentially flat. Net sales for the fourth quarter of 2012, also included $16.2 million in related party sales to FRAM Group, which offset lower co-manufacturer sales compared to the fourth quarter of 2011.

Earnings before interest, taxes, depreciation and amortization, or EBITDA, as adjusted, was $39.8 million for the fourth quarter of 2012, up 5.3% from $37.8 million in the year-ago quarter. The reconciliation of net income to adjusted EBITDA, a non-GAAP measure of financial performance, is set forth in Schedule A.

Net income for the fourth quarter of 2012 was $7.4 million, including $3.6 million, net of tax, in special items, consisting of business optimization costs, restructuring costs, costs related to implementation of our cost sharing and manufacturing arrangements with FRAM Group, adjustment of an environmental accrual and corporate transactional costs. Net loss for the fourth quarter of 2011 was $6.3 million, including $11.4 million, net of tax, in special items, consisting primarily of class action litigation costs, a trademark impairment loss, costs related to implementation of our cost sharing and manufacturing arrangements with FRAM Group, costs of obtaining new business, restructuring and severance costs and adjustment of an environmental accrual.

For the year ended December 31, 2012, net sales were $984.5 million, compared to $989.0 million in 2011, which includes the Predecessor period from January 1, 2011 through January 25, 2011. Adjusted EBITDA for 2012 was $159.2 million, an increase of 1.3% over the $157.1 million reported for 2011. Net income for the year ended December 31, 2012 was $14.6 million compared to a net loss of $46.5 million for the year ended December 31, 2011, including the Predecessor period January 1, 2011 through January 25, 2011.

“While general economic and industry-specific issues have kept revenue somewhat depressed for the fourth quarter and the entire year of 2012, we are pleased by our 5.3% improvement in Adjusted EBITDA performance for this year’s fourth quarter,” said Bruce Zorich, Chief Executive Officer of UCI. “We’re encouraged by our overall cost improvement activities, including procurement savings, …read more
Source: FULL ARTICLE at DailyFinance

Cycling agrees to truth and reconciliation process after Armstrong scandal

Cycling’s governing body has agreed to introduce a truth and reconciliation commission to repair its tarnished image in the wake of the Lance Armstrong scandal.

UCI President Pat McQuaid calls it “the best way that we can examine the culture of doping in cycling in the past.”

The system would provide some sort of amnesty to riders and officials who come forward with information on doping.

An independent panel, established by the UCI to look into its links to Armstrong’s doping, says it wants a truth and reconciliation commission to be part of the process.

But McQuaid says he wants the amnesty to be run in partnership with the World Anti-Doping Agency.

McQuaid was speaking after the panel clashed with the UCI‘s legal team at its first hearing Friday in London.

Source: FULL ARTICLE at Fox World News

Knights 2.5.0 (KDE Board Game)

ThumbnailKnights 2.5.0
(KDE Board Game)
Knights is a simple chess board for KDE 4. It is a rewrite of the KDE3 Knights.

Its home page with regular updates is at http://noughmad.com/knights.

You can play againts computer engines that support the XBoard protocol (like GnuChess), against anouther player at the same computer, or on the Free Internet Chess Server. It has automatic rule checking and some nice animations.

For compiling, you need KDE as well as libkdegames headers, which are usually found in libkdegames-dev or libkdegames-devel packages.

Packages can be downloaded form build.opensuse.com, however try to use your distribution’s version when possible. In any case, please report any problems, bugs, and wishes to bugs.kde.org (product knights).

The source archive includes a README.themes file with info for creating and sharing new themes for Knights. They can be uploaded to kde-look.org, and downloaded directly from Knights.

Due to a recent break of compatibility in KDEGames, versions from 2.5 onward require KDE 4.9 or newer. User of older KDE version should use the 2.4 branch.

changelog:
Version 2.5.0: Port to new KDEGames library, compatible with KDE 4.9

Version 2.4.2: A handful of usability fixes

Version 2.4.1 introduces support for the UCI protocol, setting the difficulty level of chess engines, game history display, and loading and saving PGN files.

Version 2.4.0 brings voice support, possibility of external control by dbus, and a couple of bug fixes.

Version 2.3.2 is a bugfix release with several fixes, mostly by Dave Kaye. It fixes drag-coused freezes, dropping pieces outside of the board, and a theme appearing twice in the selection dialog.

Version 2.3.1 fixed exactly one bug; the peace captured by en-passant is now properly removed.

The changelog since the last stable release (2.2.0) includes:

– Watching two engines play
– Improved time control support for chess engines
– Better support for the XBoard protocol means Knights can play with more engines, including Crafty, Sloppy, Sjeng and Phalanx.
– Players can now make and receive offer for draw, pause, undo, adjourn and abort. All except Draw are only used when playing on the chess server.
– Players can now undo their moves.
Improved game dialog, with more game options.
– Improved server dialog, with a seek graph.
– Ability to interact with a chess server or a computer engine via a text console.
– Simple chat widget for talking to your remote opponent.
– Selecting and moving pieces by clicking, without dragging.

[read more]

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Source: FULL ARTICLE at KDE Apps

Oprah says Lance Armstrong 'did not come clean' like she thought he would

Oprah Winfrey said Lance Armstrong, who she said confessed to her that he used performe-enhancing drugs during his string of Tour de France victories, did ‘not come clean in the manner’ she expected, Reuters reported.

Winfrey went on to say that she would leave it to others to decided if the former champion was contrite during the interview that was taped on Monday, but she did call him thoughtful and serious.

A group of about 10 close friends and advisers to Armstrong left a downtown Austin hotel about three hours after they arrived Monday afternoon for the taping. Among them were Armstrong attorneys Tim Herman and Sean Breen, along with Bill Stapleton, Armstrong’s longtime agent, manager and business partner. All declined comment entering and exiting the session.

Soon afterward, Winfrey tweeted: “Just wrapped with (at)lancearmstrong More than 2 1/2 hours. He came READY!”

In a text to the AP on Saturday, Armstrong said: “I told her (Winfrey) to go wherever she wants and I’ll answer the questions directly, honestly and candidly. That’s all I can say.”

Speaking on “CBS This Morning,” Winfrey said she had not planned to address Armstrong’s confession before the interview aired on her OWN network but, “by the time I left Austin and landed in Chicago, you all had already confirmed it.”

Armstrong was stripped of all seven Tour titles last year following a voluminous U.S. Anti-Doping Agency report that portrayed him as a ruthless competitor, willing to go to any lengths to win the prestigious race.

USADA chief executive Travis Tygart labeled the doping regimen allegedly carried out by the U.S. Postal Service team that Armstrong once led, “The most sophisticated, professionalized and successful doping program that sport has ever seen.”

Cycling’s governing body urged Armstrong on Tuesday to testify before its independent commission on doping.

The International Cycling Union, or UCI, said it was aware of media reports that Armstrong had come clean and confessed to doping during an interview with Oprah Winfrey taped Monday.

“If these reports are true, we would strongly urge Lance Armstrong to testify to the Independent Commission established to investigate the allegations made against the UCI in the recent USADA reasoned decision on Lance Armstrong and the United States Postal Service (USPS) team,” the federation said in a statement.

The UCI said it would not make any further comment until it has viewed the interview, which is to be broadcast on Thursday night.

The UCI set up an independent panel in November to investigate the Armstrong case and what role the governing body had in the scandal. The U.S. Anti-Doping Agency raised suspicions of UCI collusion with Armstrong in its damming report that led to the cyclist being stripped of his seven Tour de France titles and banned for life.

The UCI has been accused of covering up suspicious samples from Armstrong, accepting financial donations from him and helping him avoid detection in doping tests.

Armstrong is reportedly considering testifying against UCI officials.

Former UCI President Hein Verbruggen said Tuesday he wasn’t ready to speak about the Armstrong case.

“I haven’t seen the interview. It’s all guessing,” Verbruggen told the AP. “After that, we have an independent commission which I am very confident will find out the truth of these things.”

The three-member independent commission is chaired by retired British judge Philip Otton. He is working alongside Australian lawyer Malcolm Holmes and Tanni Grey-Thompson, a 10-time Paralympic gold medalist in wheelchair racing who is now a lawmaker in the upper chamber of Britain’s Parliament.

The three-member panel will meet in London from April 9-26, with a June 1 deadline to deliver its report.

The cycling body has said the three will have access to “all relevant documents in the control or possession of the UCI,” including bank and telephone records and laboratory test results.

The Associated Press contributed to this report

Source: FULL ARTICLE at Fox US News