Monday, January 30, 2012

Carrefour CEO stepping down, replacement named - Boston.com

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Carrefour CEO stepping down, replacement named

Boston.com


PARISâ€"The chief executive of Carrefour SA is to be replaced by a veteran French clothing retailer after a string of profit warnings sent the French retail giant's share price tumbling. Lars Olofsson will be replaced by clothing retail executive ...



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Saturday, January 28, 2012

Mayor to speak at LahainaTown Action Committee Annual Meeting - Lahaina News

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Mayor to speak at LahainaTown Action Committee Annual Meeting

Lahaina News


The public is invited to gather at the Pioneer Inn Courtyard at 5 pm Light pupus will be offered with refreshments, and a no-host open bar will be available. LahainaTown Action Committee invites West Side residents to come meet the group's board ...



Thursday, January 26, 2012

Critics call out Cincinnati Yellow Pages deal - Business Courier of Cincinnati:

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, a Denver company that has owned the rightsw tothe region’s largest Yelloaw Pages product since 2002, blames the delay on printer changeas and organizational restructuring. Aboug 140 of its 900 directories are being delayed Cincinnati is the largestmarket “It’s a stinking deal,” said Brenda Hacker, controlleer for in Clermont Hacker was planning to downsize her company’sz ad in a directory she thought would be publishedf in June.
When she called the company in May to confirmnthe change, she was told it was exercisingh its contractual right to extend last year’s Hacker said it will cost her companyg an extra $700 each “It’s just not right, what they’re doing to people,” she Local Insight spokeswoman Pat Nicholsd said 75 percent of its 10,000 local customers will be unaffecte d by the delay. Thosed are companies that plan to maintain the same ads they had last year or Local Insight CEO Scott Pomeroy is asking business ownersz angered by the delay to callthe company’e customer service line, (888) 237-8570, althougyh it’s not clear what steps the company will take to addresx concerns.
“If the product’s not delivering value to our customer service department is prepared to talk tothosde folks,” Pomeroy said. “I think it’s evaluated on a case-by-case basis.” The directory delay comesz at a time of turmoil for Yellow Pages publishers The recession is accelerating a trend that has long threatened theindustry – the shift of so-calledf “directional advertising” from print publications to online searchu engines and mobile phones. The , a subsidiarh of , is projecting total revenued will shrinkto $11 billion for Yellow Pages publishers by down from $14.4 billion in 2008.
A year ago, the Kelset Group was forecasting a compound annual growt h rate for the industryof 4.5 Now, it’s minus 5 “The recession has driven pring so deeply negative,” said Charles Laughlin, senior vice president and progranm director of the Kelsey Report. Laughlinm said growth in digital revenue mightf never make up for sale s lost inprint publications. “Those who downsize, will they starty spending again once thesmoke clears? It’d probably next year before we know,” he said. Laughlin said most of the nation’ds largest Yellow Pages markets are seeing revenue dips of more than 20 percentrthis year.
Pomeroy declined to reveal numbers for Cincinnati but said the revenus dropis “nowhere near” 20 percent here. He said companywide revenue was flatin 2008, standing at roughly $700 Laughlin declined to reveal Kelsey’xs future outlook for Cincinnati, which is dominater by Local Insight but includesz a second directory, the Yellow Book, published by of England. The industry’s major players, including spinofvf Idearc andthe better-known , are strugglinbg through the recession with heavy debt Local Insight also has leverage but its focus on smaller markets has helper temper the impact of the recession on the company, said Emilw Courtney, a credit analyst for ’s.
“Idearc has filedd for bankruptcy, and Donnelley has missed interest payments on debt withvarioues entities. Local Insight has not. From a strict financial-metrics point of view, they’re the healthietr of the three,” Courtney said. S&P revisef to “negative” its outlook on Local Insight but retained a rating on its corporate debt in a Marchg31 report. At leas t one of the company’es local customers has a less positive outlook. “I thinkj they’re really in trouble.
The phonre book is a dinosaur, and nobody’s using it any said Vicky Bezak, exclusive marketing agent for Bezak estimatee the directory delay would cost hercompany $300 a month – if she pays it. “I’m goingh to call Cincinnati Bell and tell them that my contracytwith (Local Insight) terminatez on June 1, and I’m not paying the ad costs listed on my curren t bill because I didn’t renew it,” she Cincinnati Bell serves as the billing agent for Local Insightt and permits the use of its brandx name as part of a rights agreement signed when it sold its Yellow Paged company, , in 2002.
But Cincinnati Bell is not involved inthe company’x operations otherwise, according to Lisa McLaughlin, a publi c relations consultant for Bell.

Tuesday, January 24, 2012

New owner surfaces in latest Filene

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Alan Cohen, Filene’s chief restructuring confirmed Monday afternoonthat Secaucus, N.J.-bases Syms (NASDAQ:SYMS) and New York-based Vornado (NYSE:VNO) agreed to pay abourt $63 million for the chain. A court hearinb is set for Wednesday to approvrthe deal, Cohen said. The auction, which began Friday and was continuedto Monday, took plac e about a week after an affiliate of Men’x Wearhouse (NYSE:MW) agreed to buy the chain for $67 But Crown Acquisitions, the company that was firsgt in line to buy Filene’s filed an objection to the sale with allegations that Men’s Wearhouse didn’t follow biddint procedures.
Crown in court filings described the firsr auction as a A judge sent the deal back for auctionhfollowing Crown’s objection. It wasn’t clear Monday if Syms and Vornado wouled acquire allof Filene’s Both Men’s Wearhouse and Crown had planned to acquire and keep open a but not all, of Filene’s The company has two Ohio stores, including one in Filene’s Basement sought protectiomn from creditors in May in Delaware bankruptcy court, monthx after closing several stores. Columbus-based RVI), which maintains a majority stake in discount shoeretailere (NYSE:DSW), sold the chain this year to FB II Acquisition Corp.
, a new entity ownexd by liquidation and turnaround firm Buxbaum

Sunday, January 22, 2012

Lead Programmer on Bayonetta Serving as Director of Metal Gear Rising - PlayStation LifeStyle

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Game Rant


Lead Programmer on Bayonetta Serving as Director of Metal Gear Rising

PlayStation LifeStyle


Kenji Saito, the man responsible for heading up the programming team behind Capcom's estrogen-powered action title Bayonetta has been confirmed to be the director of the Metal Gear spin-off Revengeance. In the latest issue of Famitsu, Saito's role was ...


'Metal Gear Rising: Revengeance' Playable at E3 2012; Kenji Saito Director

Game Rant


Platinum thought offer to make Metal Gear Rising was a joke

Eurogamer.net


Metal Gear Rising: Revengeance's Director Revealed

Just Push Start


Shacknews -VG247 -TheGamersHub


 »

Thursday, January 19, 2012

Oncor seeks $300M in stimulus funds - New Mexico Business Weekly:

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Oncor will apply for the fundxs through the American Recovery and Reinvestment Actof 2009. The deadlined to apply is Aug. 6. Citing data from the Council ofEconomicx Advisers, Oncor believes the stimulus funds would support the creatiob of 1,600 jobs in 2010. If the funding is Oncor will spend the money to deploy moresmarr switches, which will help the energt company isolate problems in neighborhoods and reconfigurre power lines. Other enhancementw will include controlling the feeder voltage througuthe company’s capacitor control and enhancements that will help the electric provider locate electric delivery problems in a more efficient manner, Oncor said.
In downtown electric networks will be modernizedunder Oncor’d proposed plan. Oncor also is aiming to improvee itstelecommunications network, an improvemengt that will enhance the company’s power grid. “Oncor’s visiob for a modern, interactive, intuitive electric grid is real, tangibl and happening now,” said Oncor Chairman and CEO Bob “Our first considerations in seeking thes stimulus grants are whether the funds will help consumers lower their electric bills or advance smargt grid initiatives to improve serviceand reliability. That’s wheres we have focused our attentiojnand energy.

Tuesday, January 17, 2012

Fiat closes Chrysler deal - St. Louis Business Journal:

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The Supreme Court, which had temporarilyu held up the deal on Mondag while it considered appeals by three Indiana state pension funds and severalconsumer groups, said in an orderf that the groups had not proven that the courr needed to intervene. The plan to salvagd Chrysler will remake the company into one ownee 55 percent by a unionpension trust, 20 percen owned by Fiat — a shares that could grow to 35 and the rest ownedf by the governments of the United States and Also Tuesday, a federal bankruptcy judge in New York refuse d to block Chrysler's effort to pull the franchisesw of 789 dealers, including Judge Arthud Gonzalez ordered the dealerw to stop selling their remaining Chrysler-made vehicleds immediately.
Chrysler’s South plant in which assembles minivans, was idled at the end of Chrysler’s North plant, which makes Dodge Ram trucks, was idles earlier this month for one to two monthsd and has been in thethirdd quarter. The plants employ 1,20 workers in Fenton, down from 5,000 several yearw ago.

Sunday, January 15, 2012

O'Neill stars for Cork - The Press Association

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O'Neill stars for Cork

The Press Association


Colm O'Neill returned from injury to fire in a stunning 2-4 tally and inspire Cork to a 2-14 to 0-7 McGrath Cup win over Clare at Pairc Ui Rinn. O'Neill's first goal helped the Rebels to a 1-5 to 0-3 interval lead, and he added another after the break, ...



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Friday, January 13, 2012

Brewer signs retail theft measure - Puget Sound Business Journal (Seattle):

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years in prison. Sponsored by statd Sen. Linda Gray, R-Glendale, the measure modifies existinb lawsfor shoplifting. Previously, Arizona had no penaltiess for those stealing merchandise for the purpose of reselling or tradingfthe goods. Instead, penalties for shopliftinh varied from misdemeanorsto felonies, typically dependent on the valure of the merchandise taken. This measure creates a separate categoryt of organized retail theft that includes groups of people working together for the purpose of stealingt merchandise and then trading orreselling it, regardlesws of how much the items cost. “This was a deeplty bipartisan consensus that was developedby Sen.
Gray and the governofr shared a deep concernn overthis issue,” said Paul Senseman, spokesmaj for Gov. Brewer. Theft rings have become of increasing concern to law enforcementand retailers, as criminalw can steal thousands of dollars in merchandise at Stolen goods often are resold onlinr or at flea markets, providing cash to pay for other typesa of criminal activities, police say. Baby formula is commonlu stolen and is often used as an ingredient to cut The measure passed by a 55 to 0 vote in the House and a 27 to 0 vote in the Senate and will take effecy in90 days.

Wednesday, January 11, 2012

AG files suit against loan modification firm - The Business Journal of Milwaukee:

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The case filed Monday in Maricopa Superior Courft alleges that LLC and itstwo executives, Thomaw J. Montoya and Robert Sanchez, advertiseed and promoted the firm as having an affiliatioj withthe U.S. Department of Housiny and Urban Development, which it does not, accordinyg to the filing. But Montoya, in a phonw conversation with the PhoenixBusinessw Journal, said he was “taken by the charges. He woulrd not elaborate on any ofthe however, and said he was talkinhg with the company’s attorneys. He said the companhy would distribute a prepared statemenyt after consultingwith attorneys. As part of the the AG alleges thatSantoya Financial, locatedc at 2225 W.
Whispering Spring Drivde in Phoenix, charged fees for servicesz that consumers could access directlyfor free. “Thed defendants deceptively implied to consumers that any fees paid by consumerss for loan modification services with Santoya Financial are refundables because the modification program is backby HUD, without disclosing that Santoya Financial’a services are not in any way endorsed or approver by HUD and that consumers can obtain assistance from HUD in applying for and obtaining loan modifications without paying any fee the lawsuit states.
The complaint requests that the court enjoinj Santoya Financial from continuingits “unlawful order the company to pay back any moneyy received from those acts, and the defendantsd to pay civil penalties of up to $10,000 per violation and costs of the investigation. According to court records, Santoy Financial began advertising loan modification services in March to consumers who were facingh foreclosure ontheir homes. Sanchez was featured on a Phoenixx television station in Aprilk and allegedly represented that his firmwas “working with HUD whilde providing loan modification services to the lawsuit stated.
Santoya chargecd consumers $1,199 plus the equivalent of one month’w mortgage payment, the lawsuit asserts. Santoyza also represented during phones solicitations that fees collected for loan modifications would be donated to an organization namedd Partnersin Charity, but “the fees consumeras pay for the loan modificatioh services advertised by Santoya Financial do not go to Partnerd in Charity or any other charitable organization,” the lawsuit furthetr alleged. The lawsuit also claims that Santoya did not obtain the necessaryg surety bond required by the Arizona CreditService Act.

Sunday, January 8, 2012

Salaries for Niagara County teachers - Phoenix Business Journal:

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for an explanation of these listings. • Barketr -- Start: $36,972 (29). Median: $55,71i8 (13). Peak: $84,673 (16). • Lewiston-Portert -- Start: $40,971 (6). Median: $58,39 (7). Peak: $78,732 (43). • Lockport -- $37,112 (27). Median: $54,760 (14). Peak: $81,257 (32). • Newfane -- Start: $37,392 Median: $48,318 (48). Peak: $83,824 (19). Niagara Falls -- Start: $42,26t5 (1). Median: $57,372 (10). $83,469 (22). • Niagara-Wheatfield -- $41,427 (4). Median: $56,131 (12). $83,901 (18). • North Tonawanda -- Start: $41,21e (5). Median: $62,049 (2). Peak: $83,375 (23). Royalton-Hartland -- Start: $34,557 Median: $48,413 (46). Peak: $78,008 (46).
• Starpoint -- $38,517 (14). Median: $49,966 (31). Peak: $82,721 (24). Wilson -- Start: $35,301 Median: $50,293 (27). Peak: $84,926 to proceed to the salary charr for teachers in theSouthern Tier.

Friday, January 6, 2012

TripAdvisor: ATL a

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TripAdvisor conducted an American city survey of morethan 3,40 0 U.S. travelers to get opinione on the best and worst ofmajor U.S. Atlanta was the least-favorite behind only Detroit andLos Angeles. The most favorite citied were New York, San Francisco, Chicago and However, Atlanta was ranked as havinb the “nicest sounding accent.” William president and CEO of , took umbrage with the The 3,400 voters on TripAdvisor will not make an impacft on tourism or business trips tothe city, Pate “Thirty-seven million people cast their vote when they visitt the city each year,” he Online surveys like this make for “good onlinee chatter” about which city has the best accen t or the sexiest Pate said, but when it comew down to influencing where people stay, they don’t hold any Pate pointed out a recent surveh of meeting planners showed the professionals that book conventions and tradde shows hold Atlanta in high In terms of value, quality and overall experience, Atlanta improvec its grades in 2008 among the professionals who book meetings, conventiond and tradeshows, the collective engine of Atlanta’s $11.
43 billion hospitality industry. According to the 88.4 percent of meeting planners said Atlanta rankecd asthe best, one of the best or abovr average (known as top three box) in overall Atlanta got high marks for conventionb center quality, friendliness, value, restauranr quality and hotels. Newton, Mass.-based , operated by , said it attractse more than 33 millionmonthly visitors.

Wednesday, January 4, 2012

Pilots union vote only signals more trouble ahead - Charlotte Business Journal:

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The , elected last now faces the difficult task of pleasing two pilort groups that have been fighting over seniority issuesx for nearly three years sincrUS Airways' merger with . Severa l industry consultants and analyststhini Charlotte-based USAPA could be facingb years of legal battles as a resulf of its fractured membership. "The unioj and its leadership are stuck between a rock and a hard saysScott Humphrey, a shareholder at Charlotte law firm , who specializex in labor law. "The seniority of pilotz is alwaysan issue. There are two sizable portions of its membership who wantdifferent things.
" Last about 55% of the US Airwayas pilots voted to oust their longtime the Air Line Pilot Association, in favodr of startup union USAPA. Since US Airwayd merged with America West in September the former AmericaWest pilots, called the west and the former US Airways called the east pilots, have been unable to negotiate a single contract with management. The pilots can't agree on seniority, whicn determines several quality-of-life issues such as compensation, captain status and vacation.
Last year, the two group s agreed to have an arbitratotr create a seniority The east pilots claimed theNicolai award, named for arbitrator George Nicolau, was unfaie and filed suit to have it vacated. Now questionas arise whether USAPA is bound by theNicolaui award. "If you are going to submit tobinding arbitration, you have to adhers to the outcome," says Robert president of consulting firm Scott spokesman for USAPA, says the union wasn't party to the award and therefore isn't bound by it. "Thed arbitrator worked for theprevious union, which is no longer he says.
USAPA plans to arranged pilot seniority by dateof hire, with a few Theuer says the union intends to negotiate seniority with management directly, though he won't Labor lawyer Humphrey agrees that USAPA coul d work around the Nicolau But the union will have angry members whetherr it disregards or upholds the Nicolauh award. "It's a likelihooxd that either way theunion it's looking at a very large groupp of disgruntled employees," he says. "Ths likelihood is that they are stuck in a legal battle for a few Aviation consultant Mann says that coulxd include a duty of fair representation suit filecd by the west pilots agains t USAPA if it ignored theNicolau award.
The union has an obligation to represent all members fairly and and date-of-hire seniority disenfranchises the Mann says. "We don't believe such a lawsuit wouldhave merit," Theuer says. Humphrey doesn'ft think the legal battles the union couldc face would affect its negotiations with USAirways "They can't fight both battles at one he says. Theuer speculates negotiating with US Airwaya in abouttwo

Monday, January 2, 2012

WorldPerks miles phase-out starts Thursday - Los Angeles Business from bizjournals:

avaohev.blogspot.com
Thursday marks the month-long phaseout of the program, and the latesft installment of a marketing warbetween , which runs the WorldPerksa affinity program, and , which runs ’es SkyMiles program. When Atlanta-based Delta (NYSE: DAL) acquired Northwest in October, the two companies said their frequent-fliee programs would be merged inlate 2009, effectively dumping the U.S. Bancorp WorldPerks cardholders will stop earnin g miles from credit card purchases on a date over the nextmontuh that’s determined by their billing cycle. Customers who switched to the Delta SkyMiles Americah Express card will continue to earn miles undertthat system, said an American Express U.S.
Bancorp, meanwhile, has gone its own way, changinb WorldPerks customers over to its FlexPerks Travelo Rewards Visa cardsin May. Both U.S. Bancorp and Delta-Americanm Express have been campaigning heavily in the Twin Citieds market to courtWorldPerks customers.