UFO Info Week-End

The close business relationship with Admiral remains whollyunaffected by the transaction which in no way

“The close business relationship with Admiral remains whollyunaffected by the transaction which in no way reflects MunichRe’s assessment of Admiral’s current or future performance,”Munich Re said in a statement, adding that it expected to sharein Admiral’s profitable growth in the future. Wherever I go I want to go to a great fan base, and Chicago has one of the best fan bases in all of the NFL.” THE DRAFTMeanwhile, don’t expect the Bears to move up in the draft. GM Jerry Angelo said he doesn’t expect the team to trade up into the first two rounds of the NFL draft.”It’s very, very difficult to get teams to move out of those positions, so in all likelihood that’s not going to happen,” Angelo said of moving into the first round. “We really don’t have enough to offer a team, and once teams kind of get fixed on filling their needs and on players, it’s very tough for them move. I’ve been in their shoes, and I wouldn’t do it.”Oh, but you would trade those picks for a QB, wouldn’t you Mr.Angelo? Not that I blame him, as I was all for the trade at the time, but the end result is no picks in the first two rounds of this year’s draft.Their first pick will come at No. Michael Redd will undergo knee surgery Tuesday to repair the torn ligaments in his left knee, an injury suffered Jan. 10 against the Lakers.This will be the second surgery on the knee to repair the anterior cruciate and medial collateral ligaments.

The first procedure was performed on March 3, 2009, almost a year prior to the same operation Redd faces tomorrow.Unlike last season, the Bucks went out and found a replacement for the 30-year-old shooting guard. John Salmons was acquired from the Bulls at the trade deadline. Salmons has been the catalyst for the team’s recent success, vaulting them to the seventh spot in the Eastern Conference, only a game-and-a-half out of the fifth seed.Redd was slowed earlier this season, coming back from the injury as well as a patella tendon strain that caused him to miss an additional 16 games prior to the season-ending injury.Never fitting in with rookie point guard, Brandon Jennings, Redd only averaged 11.9 points a game when he was healthy this year. He was a very likely candidate to be traded before the trade deadline this year had he not hurt his knee again.Next year, Redd will enter the final year of his six-year, $91 million deal he signed in the summer of 2005. It would appear almost impossible for him to ever start for the Bucks again with the success of Salmons, and the lack of success he had playing with Jennings.If he can come back from this second surgery, he’ll likely see a role coming off the bench. The days of him playing big minutes and being a 20-plus point-a-game scorer are over. It’s just too hard for a player to come back from two severe injuries on the same leg.No one can ever say a bad word about Michael Redd off the court.

He has done great things for the city of Milwaukee and their youth. He is a model citizen in a sporting world that is becoming increasingly filled with thugs.Unfortunately, that counts for very little when you make a huge salary and are unable to stay healthy. . OSHKOSH, Wis.–(Business Wire)–Oshkosh Corporation (NYSE: OSK), a leading manufacturer of specialty vehiclesand vehicle bodies, today reported fiscal 2009 second quarter net sales of $1.3billion and a net loss of $17.7 million, or $0.24 per share, excluding non-cashintangible asset impairment charges1 compared with earnings per share of $0.97on net sales of $1.8 billion and net income of $72.6 million for the secondquarter of fiscal 2008. Including previously announced pre-tax non-cashimpairment charges of $1.20 billion ($15.78 per share, net of taxes) related togoodwill and other long-lived assets, the Company reported a net loss of $1.19billion, or $16.02 per share, for the second quarter of fiscal 2009.

“Our defense, Pierce fire apparatus and airport products businesses alldelivered double-digit revenue increases and higher operating income in thesecond quarter,” said Robert G. Bohn, Oshkosh Corporation chairman and chiefexecutive officer. “These gains and significant additional cost reductionactions implemented in the quarter were not enough to overcome sharply lowerdemand at a number of our other businesses, particularly those servingconstruction-related markets, like our access equipment and concrete placementbusinesses. As a result, we posted a net loss of 24 cents per share, excludingthe impact of the non-cash impairment charges that were recorded in the quarter.”While the global recession has had a significant impact on several of ourbusinesses, we have been working diligently to manage through this challengingenvironment. During the quarter we implemented additional cost reductions toincrease our expected fiscal 2009 savings from $150 million to more than $200million.

Even with these aggressive actions, the effects of the global recessionand credit crisis lead us to believe Oshkosh will record a net loss for the fullfiscal year, excluding the impact of the impairment charges recorded in thesecond fiscal quarter. We remain committed to continue doing what is necessaryto further reduce our cost structure, drive operational improvements andincrease cash generation to manage the business through this period of economicweakness,” added Bohn. “Although we have reduced our outlook, we believe we are gaining share in manyof our businesses, which is important in challenging times. Additionally, we areworking on several exciting opportunities in our defense segment and throughoutthe Company that will position the business for the eventual economic recovery,”concluded Bohn. The Company reported that consolidated net sales in the second quarter of fiscal2009 decreased 26.9 percent compared with last year`s second quarter. The lowersales were the result of a decrease in sales in the Company`s access equipmentand commercial segments, offset in part by double-digit growth in the Company`sdefense, domestic fire apparatus and airport products businesses.