Dealer.com appoints Rick Gibbs as president

first_imgDealer.com (www.dealer.com(link is external)) today named Rick Gibbs as its new president.  Gibbs co-founded the company in 1998 and has since held the position of CTO, shaping and directing Dealer.com’s technological vision, while spearheading its emergence as the global leader in online marketing solutions for the automotive industry. As President, Gibbs will help guide the company as it significantly increases employee headcount and accelerates product development and delivery volume over the years ahead.”Rick’s appointment sends a strong signal to the industry that we are first and foremost a technology company that empowers auto dealers, dealer groups and OEMs. We see a growing trend of powerful Software as a Service business models being driven by technologists,” commented Mark Bonfigli, Dealer.com’s CEO, who previously held the title of President as well.”Rick’s expertise and dedication have been critical in enabling us to nearly quadruple our revenues over the last three years among the most challenging years ever in the auto industry,” Bonfigli continued. “Combining creativity with strategic foresight, he has consistently led Dealer.com’s research and development teams to deliver cutting-edge products that are responsive to dealers’ needs and outperform anything on the market. He has continued to refine product management and added business analysis groups to benchmark best practices that keep our clients two to four years ahead of the competition. Assuming the role of president and CTO, Rick will now help guide us to entirely new levels of technology development, growth and expansion.”Commenting on his new position, Gibbs said, “I’m honored and thrilled to take on the role of president and excited about the opportunities ahead for Dealer.com. We have an industry-leading pipeline of products, a very strong and financially sound company, and are well-positioned for continued growth.”Prior to co-founding Dealer.com, Gibbs consulted for a number of Fortune 500 companies, designing and building next-generation web applications and interactive training systems. Gibbs is a graduate of Clarkson University, with a degree in computer engineering.About Dealer.com (www.dealer.com(link is external))Dealer.com is the global leader in online marketing solutions for the automotive industry, providing award winning e-marketing solutions to OEMs, auto dealers and media companies.  The company’s innovative websites and integrated online tools significantly lower the cost of customer acquisition, enhancing dealers’ efficiency and profitability. More dealerships use the Dealer.com platform than any other platform in the world.  Recent national and international accolades include: The Ernst & Young Entrepreneur of the Year, top ranking in The Net Promoter® Score Survey of customer satisfaction, Deloitte’s Technology Fast 500 and the Web Marketing Association’s Automobile Standard of Excellence. In addition, Dealer.com was the 2009 Top Rated Website Provider on DrivingSales.com, and won the 2010 Dealers’ Choice Diamond Award for Best Website Solution and the 2009 Most Comprehensive Search Marketing Platform Award from the Automotive Search Marketing Association. For more information visit:http://www.dealer.com/promo/look-inside.htm(link is external).Source: Dealer.comlast_img read more

Investors flock to South Korea as wins in coronavirus battle earn reward

first_imgThat has foreigners buying bonds at a clip for their reliable yield, while the benchmark Kospi stock index has soared by nearly a third from March lows as investors, from dabblers to institutions, buy into the recovery ride.”It is one of the examples of managing the crisis really well,” said Esty Dwek, head of global market strategy at $1 trillion French fund manager Natixis Investment Managers.”We think it’ll be one of the winners, along with emerging Asia, compared to other regions that are likely to suffer much more,” she said. “It is one of the areas (to which) we’ve moved some money only a few weeks ago.”The Kospi index is up 31% from a low point hit on March 19, a performance matched only by smaller Thailand, and bettered only by Argentina’s S&P Merval, which is less than 1% of the Seoul market’s size by value. The jump has come even as South Korea’s exports have cratered and the economy has contracted. South Korean bonds posted a third straight month of inflows in March, attracting $3.6 billion in a month when Asian bonds as a whole had the biggest foreign outflows in seven years.A 1.56% yield on 10-year Korean government debt makes it an attractive trade, compared with a yield of 1.23% in Thailand or just 0.078% in France and 0.292% in Britain, which have the same credit rating.”Simply put, there is no other emerging country with similar credit rating, that can yield this much return,” said Shin Hwan-jong, head of fixed income at NH Investment and Securities in Seoul.A 6% slide in the Korean won this year versus the U.S. dollar is also shallower than 10% drops in the similarly risk-sensitive Australian and New Zealand dollars.Gold standard South Korea’s virus containment strategy rests on testing, intensive contact tracing and tracking apps, while avoiding lingering mandatory lockdowns or forced business closures.So far it is working: Authorities are hoping to see daily new cases drop to zero in the coming days, after falling below 10 in the past week. In Seoul, shoppers are back in malls and residents are out and about enjoying spring weather and the tail-end of the cherry blossom viewing season.”Within the region, there’s a few gold standard performers: South Korea, Australia and New Zealand all stand out,” said George Boubouras, head of research at K2 Asset Management in Melbourne.”A lot of APAC [Asia-Pacific] portfolios can benefit from those exposures,” said Boubouras, whose Asia-focused fund has been adding to its position in Samsung Electronics Co Ltd recently. Shares in the tech giant have bounced back about 17% from March lows.Risks do remain high, though, as the rebound has been sentiment-driven. South Korea’s exports fell 27% over the first 20 days of April year-on-year and the economy suffered its sharpest contraction since 2008 in the first quarter.At Natixis, Dwek is concerned low “herd immunity” may leave the country vulnerable to a second wave of infections.The won remains soft and Boubouras believes the “growth”, rather than “value”, profile of many of South Korea’s companies makes them shakier investments than Australian stocks. Australia’s BHP Group Ltd this week held its outlook steady, he noted, as iron ore demand from major buyer China has strengthened in recent weeks.Scott Gilchrist, a fund manager at Sydney-based A$24 billion ($15 billion) global investor Platinum Asset Management , also said crumbling world demand is bad news for exporters.”South Korea has a preponderance of companies that are facing temporary cyclical headwinds,” he said. “It’s hard to see the earnings growth and business momentum improving.”Nevertheless, the signals from the stock, bond and currency markets are positive and ratings agencies say the country is in good stead to weather a storm.South Korea entered the crisis with low debt, and its rescue package so far requires fiscal spending of about 2% of gross domestic product, compared with 11% in the United States and about 10% in Australia, which had its ratings outlook downgraded by S&P.”Its fiscal metrics compare favorably even among highly-rated sovereign peers,” said YeeFarn Phua, director at S&P Global Ratings in Singapore. South Korea’s stock market has bounced back harder amid the coronavirus pandemic than any other major bourse in the world, and bond inflows lead Asia, as investors bet Seoul’s handling of the crisis will see it through sooner and stronger than others.Asia’s fourth-largest economy is among the first countries to bring a major outbreak of the virus under control, with a vigorous without mandatory lockdowns or a gigantic debt-funded rescue package.With one of the world’s most vigorous testing regimes and social distancing campaign in place, South Korea’s confirmed cases of the virus have been kept to less than 11,000 so far, with 240 deaths.center_img Topics :last_img read more

Cayman Islands reports first dengue fever case for the year

first_img Share Tweet Share Image via topnews.inGEORGE TOWN, Cayman Islands (GIS) — As a regional outbreak persists, public health officials in the Cayman Islands have confirmed a local case of dengue fever, most probably imported from The Bahamas by a returning resident.This is the first dengue case reported in the Cayman Islands for 2011. Last year saw a total of seven confirmed cases (two imported and five with no travel history). In 2008 and 2009 there were only two imported cases each year.So far this year, Caribbean countries have reported 47 confirmed dengue fever cases, with the Bahamas and Aruba having especially high incidence rates, according to Pan American Health Organisation (PAHO) statistics. More than 1,000 cases with dengue-like symptoms were reported in the Bahamas.“With the current rash of cases in the region, medical personnel are on high alert to look for any local cases,” Medical Officer of Health Dr Kiran Kumar said.In this regard, the Public Health Department issued a travel advisory on 22 September as part of its heightened surveillance for local presence of the disease.“While dengue fever is not endemic to the Cayman Islands, as there is no sustained transmission of the disease, it is always wise to avoid mosquito bites by covering up at sunrise and sunset when the dengue carrier, the aedes aegyptii mosquito is the most active,” noted Kumar. “While we need to be alert, and take preventative measures, we need not be alarmed at one case. For aedes mosquito to transmit dengue, they must bite infected persons, otherwise they can’t,” he emphasized.He also reminded the public that they can help reduce the aedes aegyptii population locally, by clearing yards of containers that can hold water, as these are favourite breeding sites. Caribbean News Now 13 Views   no discussionscenter_img HealthLifestyle Cayman Islands reports first dengue fever case for the year by: – October 5, 2011 Sharing is caring! Sharelast_img read more

Man dies trapped inside house fire

first_imgThe Bureau of Fire Protection said the blaze started around 10:30 p.m. on Saturday. Arson investigators have yet to determine the cause and origin of the fire./PN The victim was temporarily living in the house with his brother Rodjun Kent Allanic, who managed to get out of the house. Police identified him as house caretaker Rojhan Kent Allanic.Allanic’s remains were discovered in the comfort room of the house, owned by Regina Weiss.center_img Rodjun sustained minor burns on the body and already received medical treatment. ILOILO City – A man died after he was trapped inside a burning house in Barangay Sulangan, Dumangas, Iloilo.last_img read more

Zoning change ‘off the table’

first_imgPICO RIVERA – Business owners concerned about the rezoning of their properties were offered an olive branch by the Planning Commission last week. City staff reported to the commission that a change of zoning, from Commercial General and Commercial Manufacturing to Commercial Planned Development, will likely not be necessary to create more openness and transparency about building projects. “The zone change option will be taken off the table,” Community Development Director Jeff Brauckmann said. Zone change consideration in November by the City Council and later the Planning Commission would have changed zoning at Rosemead and Beverly boulevards and at Rosemead Boulevard and Slauson Avenue to require a public hearing for all new construction in those areas. AD Quality Auto 360p 720p 1080p Top articles1/5READ MORECoach Doc Rivers a “fan” from way back of Jazz’s Jordan ClarksonNew plans would affect Commercial General zones citywide, and would require all builders in those areas with projects more than 2,000 square feet to have a public hearing and city approval for their work. “Under the current conditions, nobody would have a say,” Commissioner Ruben Garcia said. City staff will now research their rough plan, and will create an amendment for the zoning code, to be approved by the Planning Commission and City Council. Raul Murga, director of the Pico Rivera Community for Truth in Politics, said he hopes that the changes will be a good compromise for the city, but he is waiting to see a final version of the amendment. “I’m elated that they responded to the community and the businesspeople in the community and took appropriate actions,” Murga said. Murga distributed fliers warning business owners that their properties could be subject to eminent domain — the taking of private property for the public good — when the zoning change was under consideration. While eminent domain was outlawed in 1998, some business owners still attended the first Planning Commission meeting on the changes to ask questions and express concerns about potential actions. Some worried that their property would be subject to forced change or remodeling might become impossible. “This item has gotten a lot of attention lately,” Brauckmann said. According to Brauckmann, the change was never meant to adversely affect small businesses, but was intended to better regulate the activities of new developers. Agoura Realty and Investment, Inc. is in escrow to purchase the lot on the corner of Beverly and Rosemead boulevards, where the vacant Big Lots building stands. Brauckmann said the changes were meant to force more transparency from developers of that site. “They are proposing a significant site there, upwards of 40,000 square feet,” Brauckmann said. Mayor Rob Beilke said he did not know the details of the change that would be made to all Commercial General zoning, but expected the decision would offer a way to appease business owners’ fears and accomplish the city’s goal. “I haven’t heard anything about it yet, but it sounds like a prudent decision,” Beilke said. “It was simply about improving the appearance of the community as a whole.” Beilke said he does not believe the decision constitutes a compromise to cater to Murga and others concerned about the zoning change. “I don’t think the change came from Murga, because he is ineffective,” Beilke said. “He’ll just find another way to spin this into a panic.” airan.scruby@sgvn.com (562) 698-0955, Ext. 3029160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more