© www.bendbulletin.com/business
THE BULLETIN 0 WEDNESDAY, APRIL 10, 2013
BRIEFING
Bend IT company acquires rival Bend-based Weston Technology Solutions
announced Tuesdaythat it has acquired Business Information Technology Solutions Inc., an IT
supportcompanyalso located in Bend.
Dave Arnold, owner of Business Information Technology Solutions, and Michael Waxman,
the company's network consultant, will join Weston at its offices
ormer By Peter Lattman and Michael J. de la Merced New York Times News Service
Federal authorities in Los Angeles are investigating a former senior executive at KPMG on suspicion of leaking secret information to a stock trader, according to people with direct knowledge of the
inquiry. Scott London, the partner in charge of the audit prac-
exec inves i a e
tice for KPMG in Southern California, was fired by his employer because of the suspected passing of confidential data to an unnamed individual, a person briefed on the matter said. The case involves alleged tips about confidential data related to Herbalife, the seller of nutritional supplement, and Skechers USA, the footwear maker,according tothese
people. On Tuesday morning,Herbalifeand Skechers announced thatKPMG had resigned as their auditor. Both the U.S. attorney's office in Los Angeles and the Securities and Exchange Commission's outpost there are investigating the case, people briefed on the matter said. Skechers added that, according to KPMG, the former
partner in question — London — was cooperating with authorities. London, 50, could not immediatelybe reached forcomment. He worked at KPMG for 29 years, according to a profile on Linkedln. A resident of Agoura Hills, Calif., London is chairman of the L.A. Sports Council and sits on the board of directors of the Los Angeles Area Chamber of Commerce.
in Bend, according to a news release from Weston. The companies have been friendly com-
petitors for many years, Brock McFarlane, CEO of Weston, said in a
news release, andjoining together will combine the strengths of
both companies. Other
• Redmondoxygen-supplycompany'sproductsareused in manycutting-edgeprojects
details of the acquisition were not disclosed.
By Rachael Rees ~ The Bulletin
The news of possible insider trading emerged in an unusual fashion late Monday, when KPMG announced on its website that it had fired a senior partner in its Los A ngelesoffice because ofthe suspected passing of confidential information to an unnamed individual "who then used that information in stock trades involving several West Coast companies."
Inflation not a big concern,
problems with the microphone in his oxygen mask last year, he reached out to its manufacturer,
IMF says
won U.S. Bankruptcy Court approval Tuesday
Mountain High Equipment 5 Supply.
By Howard Schneider
to sell off the last of its
"I answer the phone, and the next thing I know we're Skyping on the computer with the Solar Impulse mission control. We're listening to the pilot in Africa, and we're trying to solve the problem from here," said Brad Stankey, general manager of Mountain High in Redmond. "It was actually more of an electrical wiring issue that they had in their own system, but nonetheless, because they were using our microphone and our mask,
Court OK's sale of Hostess assets Hostess Brands lnc.
major cake andbread brands. McKee FoodsCorp. is buying the Drake's busi-
ness for $27.5 million, gaining Devil Dogs, Ring
Dings, YankeeDoodles and other products. United States Bakery
Inc. is buying Sweetheart, Eddy's, Standish
Farms andGrandma Emilie's bread brand,
plus four bakeriesand14 depots for $30.9 million. — Staffand wire reports
REDMOND — When the pilot of the Solar Impulse, a solar-powered aircraft, started having
The Washington Post
Calling inflation "the dog that didn't bark," the International Monetary Fund on Tuesday said the massive monetary easing undertaken by major central banks in recent years poses little risk of
sparking a damaging run-up
they called us, (and) all of a
BEST OF THE BIZ CALENDAR TODAY • Business success program: Howto manage employee performance issueswithin the law; reservations recommended; free; 7:30 p.m.; Greenwood Playhouse, l48 N.W. GreenwoodAve., Bend; 541-382-3221 or www. bendchamber.org/events. THURSDAY • Central Oregon Spring RVShowand Sale: Trailers, fifth wheels, campers, motor homes, trucks and towables; new and pre-owned Rvs; free; 9 a.m.-6 p.m.; through Sunday; Deschutes County Fair & ExpoCenter, 3800 S.W. Airport Way, Redmond; 541-548-2711. SATURDAY • Nonprofit board member training: Roger Lee, executive director of Economic Developmentfor Central Oregon, provides training for nonprofit organizations; with workshops; $75; 9a.m.4 p.m.; MeadowLakes Restaurant, 300 Meadow Lakes Drive, Prineville; 541-929-9320 or www. nonprofitsteward.org. • Home remodeling workshop: Learn about bath and kitchen remodeling, countertops, floors and more; with a complimentary continental breakfast; 9:30 a.m.; Awbrey GlenGolf Club, 2500 N.W. Awbrey Glen Drive, Bend.
To find freeincome tax preparation help,goto bendbuiietin.comlevents.
sudden, now we were part of the team." The company, which employs 15 and is located on Southeast Airport Way,
RyanBrennecke/The Bulletin L
makes oxygen-supply equipment for the aviation industry, both civilian and military, and the medical field. It has been involved with the Solar Impulse from the beginning, said Mountain High founder Patrick McLaughlin. "They're using technology that we established clear back in the late '80s and into the '90s," McLaughlin said. "We've just custom tailored some of our units to meet
(their) needs." Solar Impulse is scheduled to start a cross-country tour May I, and its inventors hope to fly around the world in 2015. Stankey said the pilots will be airborne, possibly, for several days at a time. "They have to be able
The Associated Press file photo
Solar Impulse's HB-SIA solar-powered prototype flies in Switzerland in July 2010. to conserve the oxygen that they're using, so that's where our conserving devicecomes in,"he said, referring to Mountain High's Electronic Delivery System. "Our pulse-demand system ... only issues oxygen when you inhale, so they're probably going to get twice the duration out of the oxygen that they carry than they would normally." The Solar Impulse is not the first cutting-edge project Mountain High has been involved with. Over the years it has supplied oxygen systems tohelp adventurers break barriers and make
history in aviation. Since the company started in the 1985, McLaughlin said he's worked with Steve Fossett, the first person to fly solo around the world in a balloon; Richard Branson, founder of the Virgin Group, which includes Virgin Galactic, the company building spaceships and a spaceport; and Felix Baumgartner, who made a record-breaking free fall to earth from a stratospheric balloon in October. "It's nice to know that a piece of your equipment was in (Baumgartner's) suit as he jumped," McLaughlin said. McLaughlin said custom-
In a story headlined
"Retail center plansfiled in Bend," which appeared Saturday, April 6, on
Page C6, a reference to the Pape Group was
incorrect. ThePape Group ownstheland that was the subject of the
retail proposal. Adeveloper was not listed in city planning documents. The Bulletin regrets
the error.
ers frequently drive his company's innovation, adding Mountain High is currently working on the next generation system for the Solar Impulse's next mission. Stankey agreed. "It's very rewarding for everybody that works here to see their products out. See them in things like the Voyager, (the first aircraft to fly around the world without
stopping or refueling), and now the Solar Impulse," he said. "There are other companies that sell oxygen equipment ... butwe have the ingenuity here and the foresight to see the future." — Reporter: 541-617-7818, rrees@bendbulletin.com
FOrd FOCuS iS the WOrld'S toP-Selling Cal By Jerry Hirsch Los Angeles Times
An American automaker has the top-selling car in the world — the Ford Focus. Research firm R.L. Polk 8 Co. said Ford Motor Co. sold 1,020,410 Focus models worldwide last year. About a quarter of the sales were in the U.S.
The Focus beat out the second-best seller — Toyota's Corolla, with sales of 872,774 — by a wide margin. Including the F-series truck and Fiesta compact car, Ford had three of the 10 top-selling vehicles internationally, the firm reported. "Ford has been among the leaders in Europe for a long
time, and the Focus and the Fiesta have traditionally done well there," said Tom Libby, an analyst at Polk. "A resurgence in the U.S. with passenger cars has helped Ford too." Thanks almost exclusively to sales in the U.S. and Canada, Ford's F-series truck was the third-best seller internationally and the only truck
For the complete calendar, pickup Sunday's i3ulletin or visit bendbulletin.oomlbizoal
Correction
Mountain High Equipment and SupplyCo. in Redmond makes the oxygen system for the Solar Impulse, a solar-powered aircraft.
on the list. "The global ranking of F-Series really shows our strong position in this segment not just in the U.S., but also how F-Series compares on a global scale, relative to a number of vehicles that sell in every region of the world," saidErich Merkle, Ford's sales analyst.
in prices down the road. Sincethe 2008 economic crisis and with the economy still weak, several of the world's central banks have pumped trillions of dollars into the system through asset purchases and other unconventional tactics, a strategy that was reinforced last week when the Bank of Japan announced an aggressive new
program. The policy has been considered necessary to keep the economies of the developed world growing. But it has also raised concern that as growth strengthens, unemployment declines and the "slack" is taken out of the system, it will cause a rapid rise in inflation — potentially damaging in its own right. With all that money in circulation, so the argument goes, it will eventually be used to bid up prices for goods, services and workers. But in new research released before the IMF's spring meeting next week, the fund said it believes the nature of inflation has changed in recent decades, becoming less volatile, and less likely to rise or fall in response to underlying changes in the economy. In class economic theory, prices and unemployment havean inverse relationship; when unemployment rises, prices tend to fall because people make less money and have less bargaining power to demand higher salaries. The reverse is expected when unemployment falls. Although that general relationship remains, the connectionhas become less pronounced. In technical jargon, it means the Phillips curve hasbecome nearly flat, so that any rise or fall in the joblessratehas less ofan effect on inflation.
BANKRUPTCIES 25th St., Redmond • Stephen Van Jensen, 20525 Bowery Lane,Bend • Krista M. Virgil, 2155 N.E. Sixth St., Apt. 81, Bend • SherylA.Keyes,1912 Redmond N.E.Tucson, Bend Filed March 26 • John F. Semancik IV, • Ronald R. Koon,61690 19710 Harvard Place, Elmwood Place, Bend Bend Filed March 27 • Lillian L. Cabantoy, 2825 • Marcella R. Cooper, P.O. Neff Road No. 142, Bend Box164, Hines • PatsyJ. Blalack, 21350 • Kirsten R. Tastula, Puffin Drive, Bend 20584 Jacklight Lane, Filed March 29 Bend • Jeanene D.Barrett, Filed March 28 16037 Sparks Drive, La • Aaron Kirk, 2455 S.W. Pine Chapter 7 Filed March 25 • Lanette L. Keller, 61391 Kobe St., Bend • Arthur E. Wilder,3315 S.W. Metolius Ave.,
• Steven W. McRorie, 33716 N.E. Ochoco Ranger Station Loop, Prineville • Carl R. Quigley, 8045 North Highway 97, Unit 13, Terrebonne • Josef L. Stinnett,523 East D. St., Culver • Richard C. Evans,P.O. Box 7664, Bend • Kevin E. Tennison,P.O. Box 7636, Bend Filed April 1 • Steven D. Sisson, 54820 Huntington Road, Bend • Marjorie Huettl, 60307 Zuni Road, Bend • Deanne M. Siegel, RO.
Box 9267, Bend •JessicaJ.Zollman,295 S.W.25thSt.,Redmond • Alan W. Willis,400 N.W. Terrace Lane, Sp56, Prineville • Ryan E. Nisbet, 833 N.W. Maple Court, Redmond Filed April 2 • Mary C. Winfrey, 13976 S.E. Lost Lake Drive, Prineville • Clifford A. Tepper, 1664 N.E. Redrose Court, Bend • Donese L. Pogue,60029 Agate Road,Bend • Amanda M. Peterson, 2799 N.E. Broken Bow, Bend
• Debra A. Lish, 346 S.W. Dover Lane No.1, Madras Filed April 3 • Andrea Sevilla, RO. Box 1015, Madras • Cecilio Salgado,134 S.W. CascadeLane, Madras • LeeAnn A. Paul, 525 N.W. Fourth St. No. 5, Prineville • Karri L. Albin, 21387 Kristin Court, Bend • River Foss, 811 N.W. Georgia Ave., Bend Filed April 4 • Jason Myers, 63787 Stanley Way,Bend
• Amberdon C. Brown, RO. Box5092, Bend Filed April 5 • Amanda L. Gatewood, 295 North Cowboy St., Sisters • Gilbert T. Hastings, 1350 N.E. Third St., Redmond • Deborah L. Oster, 1416 S.W.28thSt.,Redmond Filed April 8 • John M. Richardson, 3045 N.W. Ninth Court, Redmond • Patricia E. Morgan,P.O. Box 2954, La Pine • JoseF.Cardenas, 2520 S.W.27th St.,Redmond
• Jose J. Rodriguez, 7915 West Highway126 No. 26, Redmond • ThomasP.Kane, 2497 N.W. LemhiPassDrive Unit1, Bend Chapter 13 Rled March 29 • Kevin D. Jacobson, 3085 N.E. Raleigh Court, Bend Filed March 31 • Robert F. Perry, 527 N.W. Elm Ave., Suite 3, Redmond Filed April 4 • Michelle R. Kroske, 20612 Woodside Court, Bend