Italian sprint ace Alessandro Petacchi of the Lampre team won the second stage of the Tour of Italy here on Sunday ahead of British star Mark Cavendish who took the leader's pink jersey.Petacchi just edged Cavendish in a battle for the finish line, in a victory which was only confirmed by the jury after viewing video footage.The British rider tried to overtake Petacchi on the right before being forced to try on the left. Italy's Manuel Belletti finished third after the longest stage, raced under blazing sunshine over 244km.
Tour de France sprint legend Erik Zabel believes Mark Cavendish's dream of following in his footsteps and winning the race's green jersey may be over already.Isle of Man rider Cavendish came into this year's race aiming to dominate the points competition after finishing last year with an amazing six stage wins from sprints.But after four days Cavendish is lying last in the competition with a 62-point deficit to the man he duelled with last year -- Norway's Thor Hushovd.
Britain's Mark Cavendish sprinted clear of the field to claim his third career victory at the Grand Prix l'Escaut on Wednesday.The HTC-Highroad sprinter, a 15-time stage winner on the Tour de France, steered clear of danger in a crash-marred finale to finish ahead of Russian Denis Galimzyanov and Belarussian Yauheni Hutarovich.Cavendish has endured a mediocre start to his season, so the Isle of Man rider was only too happy to find success at the scene of his maiden professional victory, in 2007.
Spain's Alberto Contador secured a third Tour de France yellow jersey Sunday after the 20th and final stage to the Champs Elysees won by Briton Mark Cavendish.Cavendish powered to the finish line alone for the second consecutive year to claim his fifth stage success of this year's race and 15th of his career.Italian Alessandro Petacchi, the winner of two stages, finished second on the stage to secure the green jersey for the race's points competition.
ACE Limited (ACE) Q1 2014 Earnings Conference Call April 30, 2014 8:30 am ET
Helen Wilson - SVP, Investor Relations Evan G. Greenberg - Chairman and CEO, ACE Limited / ACE Group Philip V. Bancroft - EVP and CFO, ACE Limited / ACE Group John Keogh - Vice Chairman & COO, ACE Limited / ACE Group; Chairman, Insurance - Overseas General John Lupica - Vice Chairman, ACE Limited / ACE Group; Chairman, Insurance - North America
Guest blog post by Mark Doms, Under Secretary of Commerce for Economic AffairsI have the pleasure of meeting frequently with business owners
from across the country. They talk about
where their challenges are in growing and sustaining their businesses, and they
also talk about how locating production abroad hasn’t always turned out as well
as they had hoped. Not surprisingly,
during our current economic recovery and expansion, news reports and private
consultants have repeatedly echoed that thinking. Increasingly we hear that U.S. companies that
previously took their operations or supply chains overseas are now reshoring or
operations and supply chains back home to America.
To help continue that momentum, the Department of Commerce today published a new tool to help inform
manufacturing firms’ location decisions.
The Assess Costs Everywhere (ACE) tool outlines the wide range of costs and risks associated with
offshore production, and provides links to important public
and private resources, so that firms can more accurately assess the total
cost of operating overseas. ACE also
shares case studies of firms that reversed their
decisions to locate offshore once the full range of costs became clear.
ACE counts as its sponsor and most ardent champion, U.S.
Representative Frank R. Wolf (R-VA), who directed the Department of Commerce to
build an online tool for businesses to use in accessing hidden costs to manufacturing
offshore. Congressman Wolf saw ACE as a
much-needed resource in the federal government’s efforts to help achieve our
goals of boosting U.S. economic growth and ensuring that America remains
competitive in manufacturing.
ACE identifies and discusses 10 cost and risk factors that
firms should weigh in their decision making, such as labor and shipping costs. Although some of these factors may seem
obvious, companies may not always take all of them into full account. Over the coming weeks, the Commerce
Department’s blog will examine each of the areas, and although I hate to be a
spoiler, it does turn out that the United States tends to compare quite
favorably. Having said that, there are
many areas in which the U.S. needs to make critical investments. The Competitiveness and Innovative Capacity of the United States, a report published by the Commerce Department’s
Economic and Statistics Administration in January 2012, examined three key
components of our nation’s competitiveness—research, education, and
infrastructure. The report concludes
that in the manufacturing sector, the federal government has historically
played an important role in providing a level playing field and must do so with
renewed vigor to ensure that U.S. manufacturing continues to thrive.