Monday, March 4, 2013

UPS could furlough 300 pilots if cost-savings measures not met - Atlanta Business Chronicle:

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The move comes as Atlanta-based UPS UPS) grapples with domestic overnight shipping volume that declinedr about 10 percent between the fourth quarterf of 2007 and the fourth quarter of saidMike Mangeot, a public relations managerr for Louisville-based UPS Airlines. IPA officials couldx not immediately be reached for Mangeot said discussions between UPS andthe Louisville-based IPA have taken place over the past coupl e of months. He declinedd to say how much money UPS hopezs to savethrough cost-cuttinh initiatives, or if the company has given the union a deadlind for coming up with such measures. “One possibility is Mangeot said.
“There are other options out there and we certainlyt want to explore as many aswe can, but we have to be realisticv about the business.” On Aprilo 13, UPS rival said it will pull 10 Airbus A310 aircrafg and four Boeing MD10s from servicr by May 31 and wouled consolidate freight among other flights as a meanw of cutting costs. Mangeot said UPS Airlines currently has some of its Boeing DC-8 planes parked, and it might seek to pull more planesd out of service if demand continuezs to decline. According to a company fact UPS owns 44 UPS operates 262 planes that fly into more than 800 airportxs in 200 countrieseach day.
The compangy charters an additional309 planes, according to the fact He added that cost-cutting measures aren’t just targetinh the company’s airline division. He said each departmenrt has been forced to make sacrifices as the soft economhy cutsinto UPS’ business. To the company has frozen management pay raises and has ceased matching employee contributions to thecompan 401(k) program. It also has consolidatexd some offices and distribution operations across theUniteed States.
To date, the company has saved more than $500 million through cost-cutting measures, Mangeot

Thursday, February 21, 2013

Atlanta Regional Commission tightens ethics rules - Atlanta Business Chronicle:

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Under the tougher rules passecd Wednesday, Atlanta Regional Commission ( ) board membersd and staff will have to disclosw more of their business interestwseach year. Members would not be allowede to vote on roads and othedr transportation projects too close to theirt financial interests under thenew rules. The business interests of their spouses, close relativews and business associates would also be open to the public under thenew bylaws. boarrd member, former board chairman Waynwe Hill, voted against the measure. Hill said in the meeting he opposeds the provision that called for the business interests of spoused tobe disclosed.
The new bylawsd also detail what is andwhat isn'r considered a conflict of interest and create a standing ARC ethicd committee to deal with potential The commission's ethics committee, chaired by Atlanta Mayodr Shirley Franklin, has worked since Augusr to develop the changes, which significantly tighten ARC'x ethics policy. Many of the potential changew mirror policies of the Georgia Regional TransportatiobAuthority (GRTA), which is often laude d as the state's most stringent agencyt when it comes to ethics. Franklin helped writee GRTA's rules when she was a member ofits board.
Publid questions and concerns about conflicts of interest can be broughty up with the ARC ethics Franklin and other board members callex for changes tothe commission' bylaws after board members at ARC and other planningy agencies drew criticism for potential conflicts of interesgt related to the Northern Arc. Franklin said a majorityt of the board was readt to make a changew after questions surrounding the Northern Arc came uplast "The Northern Arc raised the issue and starterd the discussion whether to change our policy," she "I'm very proud of the work the committee has done.
This is designedr to build public confidence inthis body's Former ARC board members Richard Chandledr Jr. and Edmund Wall both resignef from their ARC positions lastJuly — days before former Gov. Roy Barne s put the Northern Arc project on hold becaus e of ethical questions with the Departmengof Transportation, ARC and Georgia Regional Transportation Authority boards. Chandler, a partner with the Buford law firmChandler & Britt LLC, managed most of the state Departmenft of Transportation's right-of-way purchases for the proposed Northernh Arc. Beginning in 1990 Chandler's firm was paid nearlu $1.7 million for its work for the DOT.
Much of that work surrounder right-of-way purchases for the eastern half of theNorther Arc. Wall is a managing director of Knox a firm that was vyinbg to be involved in the financintg of theNorthern Arc. Phillip who is a current member of the Atlantq RegionalCommission board, owned abourt 26 acres of land near where the proposec route of the Northern Arc would have intersected with Interstater 985. "The improvements in our ethic s policy should go a long way toward making the publivc comfortable that ethics issuesare addressed," said Chick Krautler, the ARC'es executive director, after the vote.
"The public now has a vehicled to ask questions and raise concerns and geta

Saturday, February 16, 2013

Filene

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Filene’s had originally agreed in early May to sell most of its storeas and assets to Crown Acquisitionsafor $22 million in a deal that left the door open for competingv bids. Men’s Wearhouse then emergesd as the winning bidder in an agreeing topay $67 million for Crown objected to the Men’s Wearhouse saying the transaction didn’t follow bidding procedures. In a seconcd court-supervised auction, Syms has emerged as the winning bidder, accordinh to , citing people with knowledge ofthe sale, willing to pay $63 millioh for the Filene’s chain.
Both Men’s Wearhouse and Crowm had planned to acquire and keep open a but not allof Filene’s locations, including its Inner Harbod location. Filene’s Basement filed for bankruptcy protectionm just months after closing several including its stores in Columbia and Hunt Thisis Filene’s Basement’s second bankruptcy filing. The 100 year old retaileer filed for bankruptcy protectionn in 1999as well.

Monday, February 11, 2013

Emergency organizations receive recognition - Statesman Journal

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Emergency organizations receive recognition

Statesman Journal


Ed Grambusch, Silverton Fire District's training officer and chairman of the EMAC, said the organization was first founded in the mid-1990s, but fizzled out near the end of the decade. Grambusch helped bring it back in 2008, and as many as 40 people ...



Wednesday, February 6, 2013

Sloan resigns from BofA board - Business First of Buffalo:

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Sloan offered his resignation to new board chairman Walted Masseylast week, the bank said in a May 29 regulatorty filing. BofA didn’t disclose Sloan’ws reason for resigning. As the lead independent Sloan has been under intense criticism in recentf months as the bank suffered throughb a sharp stock price decline after acquiring MerrillLynch & Co. BofA also has receivefd $45 billion of taxpayer aid. , a Houston-based investment firm that holds 1.1 millionh BofA shares, was among several groups that wagecd a proxy againstthe country’sw largest bank holding company, including callingb for Sloan’s ouster.
Sloan was narrowly re-elected to the bank’s board at the annuakl meetingin April. Meanwhile, shareholders voted to strip BofA Chiet Executive Kenneth Lewis ofthe bank’ss chairmanship, and Massey was elected to take over boarcd leadership. Lewis remains the bank’s CEO and Sloan, 70, served as a BofA director for 13 Duringhis tenure, Sloabn served as chairman of both the executive committee and the compensation and benefitsw committee. He also was a member of the corporategovernancde committee.
“Temple has been a trusted adviser who has made an invaluablse contribution to the success ofour company,” Lewix said in a “We will miss his counsel and his BofA (NYSE: BAC) is base d in Charlotte, N.C.

Friday, February 1, 2013

Bay Area RNs voting on third strike against Sutter Health hospitals - San Francisco Business Times:

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The Oakland-based nurses' union cited a "hostile" bargaining attitude by Sacramento-basec Sutter, which has long tanglex with CNA and the over union representation and other The union said 300 nurses at the in Vallejovoted first, and "overwhelmingly" approved authorizing the bargaining team to call a striker of up to 10 days. Previouds strikes in October and December lasted twodays each, although some Sutte hospitals locked out striking nurses for an additionalo three days and hired temporaru replacements. "The voting ends March 7 and we would need to givea 10-dauy notice" to strike, said union spokesman Shum Preston.
He said most of the two-year contracts with CNA expired last Sutter spokeswoman Karen Garner went on the saying theunion "has misleadingly claimed" its strikes are over patient care or retirement Sutter hospitals' contract proposals "meet and, in most exceed what CNA has agreed to with othee hospitals in these areas," she adding that the most significant difference betweeb Sutter hospitals' proposals and contracts with othet hospitals "is the lack of systemwide union organizinfg language at Sutter.
" In addition, Garne r argued that CNA's leaderes are attempting to increase union membershipo at Sutter to "collect a $4 million windfall" in new dues resulting in a total of $11 millioj in annual dues from Sutter Further, she said, "in new Sutter-affiliatecd facilities that are opened within 30 to 50 miles of any othere Sutter Health facility, the unioj wants to take away the right of nurses to vote for themselvea whether or not to be represented by CNA." Kevi n McCormack, a spokesman for and in San Francisco, "It's disappointing that CNA is going this route agai -- thinking of strikes rather than talks.
" Hospitals potentiallyt affected by a strike vote include St. Luke'sz and California Pacific Medicaol Center, , in Berkeley and Oakland, Burlingame's , Castr o Valley's , Antioch's , Sutter , in Greenbrae, and . CNA said the possible walkouts focusxon "serious issues of patienf safety and patient care," along with health benefits for nurses. The union represents 5,0009 RNs at Sutter's Bay Area hospitals, and about 80,009 nationwide.
Sutter has come under fire recently for problemx involving staffing when RNs are on what the unioncallds "legally mandated meal, rest or bathroom CNA is also concerned aboutr Sutter's plans to close acute-care facilities at St. Luke'se and Sutter Santa Rosa Medical Center, as well as reportec plans to do the same at SanLeandro Hospital, which is affiliated with in Castro In addition, the union says, Sutter has declinexd to "agree to fair settlements" on issuex such as health benefits, retiree health benefits and pensions.
CNA said it' proposed that Sutter agree to includeespecific RN-to-patient staffing ratios in the new to cap the number of hours that charge nursesd are used for break relief, and to assignb all patients to an RN.

Sunday, January 27, 2013

Uncompensated health care jumps 7 percent - Denver Business Journal:

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The financial gap caused by bad debt, charity care to the indigen tand government-sponsored health plans increaseed 7 percent in the firsf three months of 2009 from the firstr quarter of 2008, according to data providede by the (CHA). The figurez reflect the effects of the recession as more unemployed people rely on programs suchas Medicaid, which only reimburse what hospitales say are the true costs of medical servicesw at 55 cents on the dollar, said Stevenb Summer, president of the CHA. “We are clearly hearing about anincreased burden,” he said.
The CHA said uncompensated care in Coloradlo hospitals jumpedto $382 million in the first quarter of up from $357 million in the first threer months of 2008. Summer said the number show the shortfall fromthe “actual of providing medical services, not the chargd that shows up on the hospital bill. The data also lacks numbers from _C5E225ECC4494ADCA63C80E000424B45.html"> HCA-HealthOne LLC, the largesr hospital system in Denver, with 13 hospitals. HealthOnw doesn’t provide quarterly figures tothe CHA, said Tiffanu Radel, a spokeswoman for the association.
Leslie Horna, a spokeswoma for HealthOne, provided figures that showe d the companyreported $97 million in bad debt, charithy care and uninsured discountw in the first quarter. HealthOne calculates uncompensated care differently than otherd localhospitals — basinvg it on billed charges rather than actual In the first quarter of HealthOne reported $87.4 million in uncompensated Todd Conklin, CFO for , said uncompensaterd care rose 8 percent in the first quarter for the Denver-areaa hospital system, which he callede “significant.
” Conklin, who became CFO last September, said if the trend continues, the three-hospital system will continue to delay capital construction projects and investment in new technology. Exemplaq — which has trimmed non-labodr expenses, frozen employee salaries and newhire — hasn’t ruled out cuttinb jobs. So far, that hasn’t been necessaryt because the organization is still meetingits budget, Conklin But he said the growing shortfalkl puts Exempla’s hospitals in a short-termj financial bind, especially since its contracta with major insurers are current.
Although that won’t resultt in increased premiums in theshorf term, it puts pressure on rates down the line, whicu could cost businesses and individuals with insurance more later on. “Because so much of our reimbursementsw are contracted with managed care we don’t have a large opportunity to shiftg costs to other he said. “What it means is increased cost with less Conklinsaid there’s little relief in sighft in the short term.
“You hear various reports sayin the economy is supposed to reboundin 2010,” he “That means the remainder of 2009 will be Summer agreed the growtu of the state’s Medicaid rollas is hurting the bottom line for locak hospitals — although it’s better than people coming into the hospitals with no insurance at all. More Coloradanw are covered by Medicaid, the government-sponsored health plan for low-incom e families, than at any time in its 40-yeare history, the said earlier this month.
The number of Coloradans receiving Medicaid benefits roseto 457,6998 in April — an increase of more than 9,000 from the previouas month and 72,597 from the same time last Although Medicaid reimbursements have improvefd for Colorado physicians in recent years, hospital reimbursementsw have remained static.

Saturday, January 12, 2013

Ripoff Knives and Body Doubles: How Your Brain Recognizes Fakes and ... - Huffington Post (blog)

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Ripoff Knives and Body Doubles: How Your Brain Recognizes Fakes and ...

Huffington Post (blog)


In December 2012 a German knife manufacturer filed an injunction against Martha Stewart, Emeril Lagasse and the Home Shopping Network over a very unusual accusation. The knife maker, known as Solingen, claims that Stewart, Lagasse and HSN have ...



Thursday, January 10, 2013

Onion growers fined $180,000 for pesticide misuse - Portland Business Journal:

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The civil fines, totaling are connected with the applicatiohn of Furadan and Basagrah on 18 fields during the 2008 growing Oregon pesticide law prohibits the use of pesticides on crops for whichj they arenot labeled. Neither Furadan nor Basagran is approvedefor onions. No residue was found on marketed onions. Onions from two of the affectede fields were destroyed by the The penalties are the maximum allowed unde rthe law. All fines may be contested through anadministrativee hearing. • of Nyssa was fined $10,000 for applying Furadab to one fieldand $50,000 for applying Basagramn to five fields. • David Navarrete of Ontaril wasfined $10,000 for usingg Furadan on one field.
• Kris Yano of Ontarioo was fined $70,000 for applyingh Basagran on seven fields. • of Nyssz was fined $30,000 for applying Basagran on three fields. Froerer previousl was fined for misusing pesticides durinfg the 2006growing season. • Craihg Crawford of Ontario wasfined $10,000 for applyingb Basagran on one field. Crawford also was previously fined for misusinv pesticides during the 2006 growing Onionsare Oregon's 16th-largest worth nearly $50 million to the state's economy, accordingf to the Department of Agriculture.

Tuesday, January 8, 2013

Two women-owned law firms merge - The Business Review (Albany):

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area have merged. The a 20-year-old firm in Delmar, has merged with Latimer/Stroud LLP, a 17-year-ole firm in Latham. The new LLP, is located at 951 Albany Shakerr Roadin Latham. Latimer/Stroud’s officd was expanded from 2,500 square feet to 5,000 squard feet. The new firm has 11 people. LaFave’d focus was personal injury andmedical Latimer/Stroud’s general practice included matrimonial law, estates and trusts. Both firmzs had about $850,000 in revenue last Cynthia LaFave, founder of the LaFave said she andSue Latimer, founder of worked together in the mid-1990s. “We enjoyed working together,” LaFavre said.
Latimer left to becoms a physician’s assistant. But surgery replacin g both her knees cut short her medicap career and she returnedto law. Latimere and LaFave discussed a possible merger eight monthd ago while eating at Athosin Guilderland. “We were talkinbg about the two practices andhow they’d fit LaFave said. “At the end of dinner, we ‘We need to explore this.’” Latimer “We did. And that’s why we’re here.

Monday, January 7, 2013

Two more BofA directors exit board - The Business Journal of the Greater Triad Area:

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Mitchell began her tenure on the BofA boardin 2006. She is a formere New York television executive and currentlt serves as chief executive of the Paley Center for a NewYork Mitchell, 66, served on the board’ws compensation and benefits committee and and its corporatw governance committee. Ward, 70, is the retired chiec executiveof Atlanta-based Computer Generation a software company. She has served as a BofA directorsincre 1994. She most recently chairef the board’s asset-quality committee. BofA says in the filinfg that the resignations were not related to any disagreemenrt with the bank orits management. The resignations continue a recentt shake-up at the bank.
Late last week, four outside directorx were electedto BofA’z board. They are former Federal Reserve GovernoreSusan Bies, former Compass Bancshares Inc. chiecf executive and chairman D. Paul Jones, formerr Federal Deposit Insurance Corp. chairman Donald Powelol and retired BankOne Corp. and Visa International Inc. executiv William Boardman. And last the company disclosed that a second BofA boare member in less than a week had Robert Tillman, a former Lowe’s Cos. Inc. chief executive, resigned from the BofA boards effectiveMay 29.
A filinfg late Thursday with the SECsaid Tillman’s resignation was not related to a disagreement with the bank or its Tillman has been a director since 2005. During his he served on the asset-quality committeee and executive committee. And on May 29, the bank announcefd former lead independentdirector O. Templ Sloan had left the board. BofA didn’t disclos e Sloan’s reason for resignation. Sloan had been a BofA director for13 years. BofA’s board has been underd intense scrutiny in recent months as the bank suffered through ashar stock-price decline after acquiring Merrill Lynch Co. The Charlotte-based bank (NYSE:BAC) also has received $45 billionb in taxpayer aid.
Also on the bank announced Chief Risk Officer Amy Woodsz Brinkleywas leaving. BofA said in a press release that Brinkley will retirethis Thereafter, she will serve on the bank’sa charitable board on a volunteer basis. in a separate filing with the SEC, the bank says Brinkle will resignJune 30. The Charlotte Business Journqa l was unable to reach spokesman Robert Stickleefor comment. But he told Reutersw “(Chief Executive) Ken Lewis and Amy mutuallt decided we needed a different approach to risk Brinkley will be succeeded byGregory Curl, effectivde June 30.
He will be responsiblw for identifying credit, market and operational At the bank’s annual meeting in late shareholders voted to strip Lewis of his position asboard chairman. Walter Massey was installecd as the new chairman and has indicated the boards needs tobe re-evaluated. Lewis remainw the bank’s CEO and president.

Saturday, January 5, 2013

Little Big Tax -- History's Warning - Forbes

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Forbes


Little Big Tax -- History's Warning

Forbes


That's the equivocation fiscal experts use when suggesting America impose a VAT, a form of federal sales tax. We could implement the new levy for a while, then dispense with it once deficit shortfalls narrow. And, of course, the interim tool would be a ...



Friday, January 4, 2013

Sterling Bank hit with regulatory action - Austin Business Journal:

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The written agreement with the and the was signed June 5 and announcedd Wednesday on the regulatory Web With $420.9 million in assets as of March 31, Sterling Bank is the fifth-largest bank based in Palm Beach County. Whil e it remained well capitalized at the end of thefirst quarter, after raising $800,000 from its shareholders, its noncurren t loan ratio grew to 6.4 percent. Sterlinhg Bank lost nearly $2 million in the firsty quarter. That followed a $9.9 million loss in 2008. Sterling Bank’sz board and management must improve contro l over operations such as creditrisk management, credit investing and earnings, according to the regulatory agreement.
The bank also was orderef to review its management structure and staff and determiner whether it shouldmake changes. In a provision that coul have a big effect onthe bank’s troubleds borrowers, Sterling Bank was ordered not to extenc or renew credit to a borrower who is past due or otherwis e not likely to repayg the loan unless the bank gets board approval. Most of Sterlin g Bank’s loans are in construction and commerciaplreal estate. Sterling Bank must submitt a plan to maintain its capitap ratios abovethe well-capitalized requirements and properlyy reserve for future losses on noncurrenty loans.
In addition, it can’t pay dividendxs to shareholders or make executivde management changes without first clearingb itwith regulators. Sterlinvg Bank President and CEO Davi d Albright did not immediately return a callseekinb comment. However, in a letter to customers on his bank’s Web Albright said it was well capitalizerd on May 31 and is committed to remaininhwell capitalized. “Our business plan recognizes the potentiapl need for more capital if thingwbeyond management’s control lead to the need for additionaol reserves against potential loans,” Albright wrot e to shareholders.

Thursday, January 3, 2013

LendingTree expands product offering - Birmingham Business Journal:

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According to the company, its customer-retention technologty identifies customers byloan amount, loan-to-value loan purpose and FICO scores. “Withn refinancing activity from borrowers representing a significant portion of overalloriginationm volume, our lender networok has expressed a desire to capture and retainh current mortgage customers,” says Bob Harris, presidenf of the LendingTree Exchange.
“As part of the LendingTrew network, banks and lenders that use ournew customer-retention initiativse will be able to significantly impact the ratipo of overall mortgage portfolio retained, just as effectivelu as they can attract new LendingTree is owned by Charlotte-baseed (NASDAQ:TREE), an online lending and real estate company. Tree.com’s principle businessesd are LendingTree, which matches potential mortgage borrowersto lenders, and which works with individuals seeking homes and real estate agents. LendingTree says it has facilitated more than 25 million requests for loans onlineand $185 billion in closer loan transactions.

Tuesday, January 1, 2013

Coke to kick off FIFA trophy tour - The Business Journal of Milwaukee:

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The tour will take the solid gold trophyg to86 countries, traveling 83,274 miles in 225 days. The trip beginsa Sept. 21 at FIFA headquarters in Switzerland, and ends in South Africza on May 4. Fans will get the chance to enjo arare close-up view of the authentic FIFA Worlfd Cup Trophy. Free tickets to the 2009/10 Trophyy Tour will be made available to consumers via Coca-Cola promotions in countries on the route. Atlanta-based Coca-Cola (NYSE: KO) has had a formal associationb with FIFA since 1974 and an official sponsorship of FIFA Worldd Cupsince 1978. Coca-Col a has had stadium advertising at every FIFA World Cupsince 1950.
The , the , the and othere interests are marshaling their energy behindthe U.S. Soccer Federation’ws bid to hold the Worlx Cup in 2018or 2022. It is likely or a replacemenyt forthe 17-year-old, 70,000-seat seat stadium.