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Controversy arose last summer over King’s pay and benefitas following news reports that United Way had paidher $1.2 million in 2007. A public outcry ensued, promptingg the board to reconside rher employment. The board ousted King on Aug. 26, asking her to She didn’t resign, and the boarsd ended her employment with theorganization Oct. 1. Accordinyg to a copy of King’s appeal to the Unitex Way board’s compensation King would have lost any future fund from her supplemental executive retiremengt plan had she voluntarily lefther job. In addition, the Uniterd Way board doesn’t have the authoritu to deny her future she says, after having previouslhy approved them.
According to King’s discriminatio filing, two board members met with King following the public uproar and told her the only way she coul d keep her job was to surrender the supplementaoretirement benefits. “After I hired an attorney to protectg my rights to retirement benefits and my rightsz to be free from employment the United Way of Central Carolinasfired me, effectives September 30, replacing me with a white In the appeal, King’s attorney Bill Diehl writed that “The UWCC must reverse its earliee decision and immediately pay to Ms. King the benefits it promiseds her and whichshe earned.
” The United Way board replaced King on an interik basis with former Wachovia Corp. executive Mac Everetty and paidhim $20,000 a monthn for his service. King, an African says the organization “then began a campaign of retaliatiohnagainst me, destroying my professionalo and personal reputation in the press...” "These racial-discrimination charges, we believe, are utterly withou t merit and we intend to fight vigorousl y against these claims," says Russ Sizemore, attorney for United Way. Accordinh to a United Way spokeswoman, the organizatiojn had not received a copyof King's discriminatio filing with the EEOC as of Wednesday evening.
King filed her discrimination charge on the basi sof race, sex, age and retaliation. In December, Unitee Way Chair Carlos Evans said he wantedthe nonprofit’s board to adopf an independent panel’s recommendations for tightening oversight of the The review panel, created after King’s ouster, was headed by loca l attorney Bob Sink. Among its findings, the Sink Committeer said the United Way board should adopt a philosophy that seeksd to accommodate both the need to competer for superior executive talent and the limited resourcez of apublic charity. The Uniterd Way board is scheduled to hold a strategicc session Thursday to consider adoptingthe panel’as recommendations.
Monday, January 16, 2012
Saturday, January 14, 2012
Awards season equals free swag for celebrities - TheCelebrityCafe.com
azajir.wordpress.com
Awards season equals free swag for celebrities TheCelebrityCafe.com The article notes last year cosmetics company RevitaLash spent $50000 sponsoring and supplying gifts, but estimated the free advertising and PR their company received during awards season was equal to $2.4 million in advertising expenses. ... |
Wednesday, January 11, 2012
Saul Ewing adds 7 Buchanan Ingersoll lawyers in Wilmington - Orlando Business Journal:
zutkomi.blogspot.com
office. The loss of the seven-lawyer group leaves Pittsburgh-baserd Buchanan with only one full-time partner in Wilmington and four lawyerastotal there, and gives Saul Ewingt the largest Wilmington office of any full-service Philadelphia-basee firm. The group includes office headWilliam Manning, who servezs as outside general counsel to the Universitgy of Delaware and also representsa Verizon Corp. and Dover Downs. The litigator was once chievf of staff to formerDelawarre Gov. Pete DuPont. The other two partners are Teresa who led bankruptcy efforts for Buchanahin Delaware, and real estate lawyer Richards Forsten.
The additions give Saul Ewing 19 lawyers in Wilmington, where bankruptcies have taken off duringg the economic downturn. A large percentagd of companies from around the country file for Chapter 11 protectionin Delaware. But because Delaware only hasabout 2,000 lawyers and has a strong set of indigenous law firms, the Wilmington market has been a tougu one to crack for outsiders, even neighboring Philadelphia Among Philadelphia firms, Peppee Hamilton and Fox Rothschild have 17 lawyers, Drinker Biddles & Reath has 15 and Blank Rome has 13. Saul Ewinbg said Manning will serveas co-managing partnetr of the office with current office managing partner and real estate lawyer Wendis Stabler.
office. The loss of the seven-lawyer group leaves Pittsburgh-baserd Buchanan with only one full-time partner in Wilmington and four lawyerastotal there, and gives Saul Ewingt the largest Wilmington office of any full-service Philadelphia-basee firm. The group includes office headWilliam Manning, who servezs as outside general counsel to the Universitgy of Delaware and also representsa Verizon Corp. and Dover Downs. The litigator was once chievf of staff to formerDelawarre Gov. Pete DuPont. The other two partners are Teresa who led bankruptcy efforts for Buchanahin Delaware, and real estate lawyer Richards Forsten.
The additions give Saul Ewing 19 lawyers in Wilmington, where bankruptcies have taken off duringg the economic downturn. A large percentagd of companies from around the country file for Chapter 11 protectionin Delaware. But because Delaware only hasabout 2,000 lawyers and has a strong set of indigenous law firms, the Wilmington market has been a tougu one to crack for outsiders, even neighboring Philadelphia Among Philadelphia firms, Peppee Hamilton and Fox Rothschild have 17 lawyers, Drinker Biddles & Reath has 15 and Blank Rome has 13. Saul Ewinbg said Manning will serveas co-managing partnetr of the office with current office managing partner and real estate lawyer Wendis Stabler.
Monday, January 9, 2012
Florida Man Charged With Plotting Strikes in Name of Islam - New York Times
oryzacody.wordpress.com
New York Times | Florida Man Charged With Plotting Strikes in Name of Islam New York Times ATLANTA รข€" A Florida man was charged with plotting a terrorist spree around Tampa, including bombing night clubs, destroying bridges and shooting police officers in the name of radical Islam, federal authorities said Monday. The man, Sami Osmakac, 25, ... Florida Man Arrested for » |
Saturday, January 7, 2012
Target, Kohl
ignatiywulyxura.blogspot.com
Macy’s Inc. reported a 9.1 percent drop in same-storew sales in May. The Cincinnati-basesd department store chain said sales at stores open at leastg a year are in line withmanagement expectations. Totalo sales declined to $1.7 billiojn from $1.9 billion a year ago, or 9.5 For the year, Macy’s said its same-store sales declined by 9.1 percent , with totapl sales down 9.5 percent, to $6.9 billion from $7.7 Minneapolis-based , meanwhile, reported Thursdah that its May same-store sales fell 6.1 percent from the same montj ayear ago. Total sales, at $4.55 billion, were down 2.3 percent from May 2008.
Targe (NYSE: TGT) CEO Gregg Steinhafel said in a statemenyt Maysales “were somewhay below our expectations.” And Kohl’s said its comparable stord sales in May decreased by 0.4 percent — but total salew increased 4.1 percent, better than management had The Menomonee Falls, Wisc.-based retailer (NYSE: KSS) said Thursday that sales for the four-week month ending May 31 were $1.26 billion, comparex with $1.21 billion in the same period of 2008. Year-to-date salees also are ahead of 2008at $4.9 compared with $4.8 billion in 2008, an increase of 1.3 percent. Comparabler store sales year-to-date decreased 3.2 percent, Kohl’z said.
“May’s sales results were stronger than Kohl’s CEO Kevin Mansell said in a “Accessories was the strongestf performing line of business forthe month. The Southwes t region had a positivr comparable store sales increase for May and was agaih ourstrongest region. The Southeast remains our most challenging The three companies have at leasr 21 stores in Greater Baltimore Retailers have been struggling to attract parsimonioue shoppers while not givinyg away the store througgdeep discounts, a strategy that erodes profig margins.
But recent reports regardingv rising manufacturing activity and home sale s gave a lift to retail stocks earlier in theweek — the hope is that consumerds may be encouraged to go out and splurgr on a few summer
Macy’s Inc. reported a 9.1 percent drop in same-storew sales in May. The Cincinnati-basesd department store chain said sales at stores open at leastg a year are in line withmanagement expectations. Totalo sales declined to $1.7 billiojn from $1.9 billion a year ago, or 9.5 For the year, Macy’s said its same-store sales declined by 9.1 percent , with totapl sales down 9.5 percent, to $6.9 billion from $7.7 Minneapolis-based , meanwhile, reported Thursdah that its May same-store sales fell 6.1 percent from the same montj ayear ago. Total sales, at $4.55 billion, were down 2.3 percent from May 2008.
Targe (NYSE: TGT) CEO Gregg Steinhafel said in a statemenyt Maysales “were somewhay below our expectations.” And Kohl’s said its comparable stord sales in May decreased by 0.4 percent — but total salew increased 4.1 percent, better than management had The Menomonee Falls, Wisc.-based retailer (NYSE: KSS) said Thursday that sales for the four-week month ending May 31 were $1.26 billion, comparex with $1.21 billion in the same period of 2008. Year-to-date salees also are ahead of 2008at $4.9 compared with $4.8 billion in 2008, an increase of 1.3 percent. Comparabler store sales year-to-date decreased 3.2 percent, Kohl’z said.
“May’s sales results were stronger than Kohl’s CEO Kevin Mansell said in a “Accessories was the strongestf performing line of business forthe month. The Southwes t region had a positivr comparable store sales increase for May and was agaih ourstrongest region. The Southeast remains our most challenging The three companies have at leasr 21 stores in Greater Baltimore Retailers have been struggling to attract parsimonioue shoppers while not givinyg away the store througgdeep discounts, a strategy that erodes profig margins.
But recent reports regardingv rising manufacturing activity and home sale s gave a lift to retail stocks earlier in theweek — the hope is that consumerds may be encouraged to go out and splurgr on a few summer
Thursday, January 5, 2012
Small businesses gaining optimism about economic outlook - Austin Business Journal:
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NFIB’s index of small business indicatorsrose 2.1 pointss in May to 88.9, followingy a 5.8-point jump in April. The indexz had plummeted to 81 in close to its record lowof 80.1 in 1980. “It does appear that the decline in spending for inventory and capital projects has bottomes and will turn up in the coming NFIB Chief Economist WilliamDunkelberg said. A net 12 percent of smalpl business owners expected general business conditions will be betted six monthsfrom now, a gain of 10 percentagwe points from April. Except for September it’s the highest numbert for this indicatorsince 2005. The current profit picture is stilo dismal, however.
A net 43 percent said theird earnings were lower during the past quarter than they were in theprevioua quarter. About 16 percent of small business ownersw reported that loans were hardereto get, the highest reading since the early 1980s. But only 5 percentf reported that finance wastheird No. 1 business problem. More smal businesses plan to reduce employment rather than hire more but the rate of declineis slowing. The Conference Board, whic tracks eight labor market indicators, said its Employmenyt Trends Index roseby 0.2 percent in May the first increase in 16 months.
More than 14,000 businessesz filed for bankruptcy protection in the firstt quarterof 2009, a 64 percent increase over the same periodd a year earlier. The number of business filings was up 11 percenyt over the total for the fourthg quarterof 2008, according to the Administrative Office of the U.S. Nearly 10,000 of the business filings in the first quartef were Chapter7 liquidations. Chapter 11 reorganizations accountedfor 3,42q filings. Overall bankruptcy filings, includingv personal bankruptcies, totaled 330,447 in the first quarter of 2009, up nearlgy 35 percent from the same period a year Morethan 1.
2 million bankruptcies were file d during the 12 months that ended March 31 — the highestr 12-month total since Congress tightened bankruptcy rulea in October 2006. Small businesses and lenders applaudedd recent steps by the Smalo Business Administration toboost lending, but they said the agencyh must take additional actions to address Main Street’s credigt crisis. On June 15, the SBA began acceptin g applications for emergency bridge loans of up to Small businesses can usethese loans, which were created by the economid stimulus bill, to make up to six monthas of payments on existing They won’t have to start repaying the loans untio a year after the last disbursement.
The SBA will subsidize the interes t onthese loans, which will be offered through private-secto r lenders. The stimulus bill also temporarily reduced or eliminated fees onthe SBA’sx regular 7(a) and 504 business loans, and it increasedf the government guarantee on 7(a) loans to 90 Weekly loan volume for the SBA’s 7(a) and 504 programs has increased by more than 30 percent sinc e these changes were implemented March 16.
This increase in SBA lending is “aq positive and welcomed sign, but we have a very long way to go beforse SBA lending reaches solidlevels again,” said Cynthiw Blankenship, vice chairman and chief operating officer of Bank of the West in Blankenship told the House Small Business Committes June 10 that Congress should extend the fee reductionx beyond 2009 or make them permanent, given the depth of the recessio n and the credit crisis facing small businesses. Meanwhile, fees on the SBA’ s 504 loans, which finance real estate projectx and otherfixed assets, are scheduledr to increase significantly in October.
This will negater the fee reductions adopted in March through thestimulu bill, said Jean Wojtowicz, executivre director of the Indiana Statewide CDC, a nonprofit economic development organizatiob that makes 504 loans. This fee increase is unnecessart because the SBA has overestimatecd the number of 504 loans thatwill default, said who chairs the boardd of directors for the National Association of Developmentg Companies. She said banks have becomd far more conservative in theirt underwriting during this recession and that as aresult “onlyu the strongest small businessesz are now qualifying for new loans.
” Unlessd Congress appropriates money to offset the fee increases planne d for 2010 and 2011, almost 20,000o small businesses will pay millions more dollard in fees than they should over the 20 yearsx of their 504 loans, Wojtowicz The Treasury Department has allocated $25 billiom in Recovery Act which can be used for economicx development projects in distressed The economic stimulus bill created the new bond programs. The legislation appropriated $10 billion for Recovery Zone Economic Development The federal government will subsidizd 45 percent of the interes t on thesetaxable bonds, whichb will enable state and local governments to lower theie borrowing costs.
These bonds can be used for a varietyy of economicdevelopment projects, including job training and educational programs. The legislation appropriated $15 billion for Recoveryt Zone Facility Bonds. Private-sector businessexs can use these tax-exempt bondse to finance depreciable capital projects in designatedsrecovery zones, which are areas with high levele of poverty, unemployment or foreclosures.
NFIB’s index of small business indicatorsrose 2.1 pointss in May to 88.9, followingy a 5.8-point jump in April. The indexz had plummeted to 81 in close to its record lowof 80.1 in 1980. “It does appear that the decline in spending for inventory and capital projects has bottomes and will turn up in the coming NFIB Chief Economist WilliamDunkelberg said. A net 12 percent of smalpl business owners expected general business conditions will be betted six monthsfrom now, a gain of 10 percentagwe points from April. Except for September it’s the highest numbert for this indicatorsince 2005. The current profit picture is stilo dismal, however.
A net 43 percent said theird earnings were lower during the past quarter than they were in theprevioua quarter. About 16 percent of small business ownersw reported that loans were hardereto get, the highest reading since the early 1980s. But only 5 percentf reported that finance wastheird No. 1 business problem. More smal businesses plan to reduce employment rather than hire more but the rate of declineis slowing. The Conference Board, whic tracks eight labor market indicators, said its Employmenyt Trends Index roseby 0.2 percent in May the first increase in 16 months.
More than 14,000 businessesz filed for bankruptcy protection in the firstt quarterof 2009, a 64 percent increase over the same periodd a year earlier. The number of business filings was up 11 percenyt over the total for the fourthg quarterof 2008, according to the Administrative Office of the U.S. Nearly 10,000 of the business filings in the first quartef were Chapter7 liquidations. Chapter 11 reorganizations accountedfor 3,42q filings. Overall bankruptcy filings, includingv personal bankruptcies, totaled 330,447 in the first quarter of 2009, up nearlgy 35 percent from the same period a year Morethan 1.
2 million bankruptcies were file d during the 12 months that ended March 31 — the highestr 12-month total since Congress tightened bankruptcy rulea in October 2006. Small businesses and lenders applaudedd recent steps by the Smalo Business Administration toboost lending, but they said the agencyh must take additional actions to address Main Street’s credigt crisis. On June 15, the SBA began acceptin g applications for emergency bridge loans of up to Small businesses can usethese loans, which were created by the economid stimulus bill, to make up to six monthas of payments on existing They won’t have to start repaying the loans untio a year after the last disbursement.
The SBA will subsidize the interes t onthese loans, which will be offered through private-secto r lenders. The stimulus bill also temporarily reduced or eliminated fees onthe SBA’sx regular 7(a) and 504 business loans, and it increasedf the government guarantee on 7(a) loans to 90 Weekly loan volume for the SBA’s 7(a) and 504 programs has increased by more than 30 percent sinc e these changes were implemented March 16.
This increase in SBA lending is “aq positive and welcomed sign, but we have a very long way to go beforse SBA lending reaches solidlevels again,” said Cynthiw Blankenship, vice chairman and chief operating officer of Bank of the West in Blankenship told the House Small Business Committes June 10 that Congress should extend the fee reductionx beyond 2009 or make them permanent, given the depth of the recessio n and the credit crisis facing small businesses. Meanwhile, fees on the SBA’ s 504 loans, which finance real estate projectx and otherfixed assets, are scheduledr to increase significantly in October.
This will negater the fee reductions adopted in March through thestimulu bill, said Jean Wojtowicz, executivre director of the Indiana Statewide CDC, a nonprofit economic development organizatiob that makes 504 loans. This fee increase is unnecessart because the SBA has overestimatecd the number of 504 loans thatwill default, said who chairs the boardd of directors for the National Association of Developmentg Companies. She said banks have becomd far more conservative in theirt underwriting during this recession and that as aresult “onlyu the strongest small businessesz are now qualifying for new loans.
” Unlessd Congress appropriates money to offset the fee increases planne d for 2010 and 2011, almost 20,000o small businesses will pay millions more dollard in fees than they should over the 20 yearsx of their 504 loans, Wojtowicz The Treasury Department has allocated $25 billiom in Recovery Act which can be used for economicx development projects in distressed The economic stimulus bill created the new bond programs. The legislation appropriated $10 billion for Recovery Zone Economic Development The federal government will subsidizd 45 percent of the interes t on thesetaxable bonds, whichb will enable state and local governments to lower theie borrowing costs.
These bonds can be used for a varietyy of economicdevelopment projects, including job training and educational programs. The legislation appropriated $15 billion for Recoveryt Zone Facility Bonds. Private-sector businessexs can use these tax-exempt bondse to finance depreciable capital projects in designatedsrecovery zones, which are areas with high levele of poverty, unemployment or foreclosures.
Tuesday, January 3, 2012
Vietnam's Stocks: Binh Duong Mineral, Elcom, Son Ha, Tan Tao - BusinessWeek
modestofyeyko.blogspot.com
Vietnam's Stocks: Binh Duong Mineral, Elcom, Son Ha, Tan Tao BusinessWeek 3 (Bloomberg) -- Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close in Ho Chi Minh City. The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, ... |
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