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US Senate panel clears key immigration reform bill

Wed, 22 May 2013 16:00:41 -0400

WASHINGTON - A US Senate panel has cleared a proposed legislation that relaxes restrictions on IT companies to hire foreign techies, thus clearing one of the major hurdles to ushering changes in American immigration law in a generation. The Senate Judiciary Committee approved the bill after its authors won a bipartisan support with three Republicans joining 10 Democrats in the 18-member ...

US delegation to urge labour reforms in Bangladesh

Wed, 22 May 2013 15:50:14 -0400

DHAKA - A high level US delegation led by the State Department's Under Secretary for Political Affairs Wendy Sherman will visit Bangladesh this weekend to press for a major overhaul of labour safety regulations following the nation's deadliest industrial accident, an official said Wednesday. The collapse of a nine-storey factory complex housing several garment units outside the capital last ...

Workshop in Guwahati accelerates outreach of bamboo products

Wed, 22 May 2013 11:20:02 -0400

A bamboo seminar has been educating craftsmen about new marketing techniques with the objective of promoting self employment and expand the outreach. To educate the farmers, bamboo craftsman and forest department officials, a seminar was organised this week here. The state government under the federal scheme, 'National Bamboo Mission' sought to promote the potential of the bamboo sector in ...

ESPN layoffs 7000 workers as TV rights fees rise

Wed, 22 May 2013 06:10:01 -0400

Sports media giant ESPN has given pink slips to nearly 7,000 employees on Tuesday, the network said in a statement. The Bristol, Connecticut-based company said it was looking at the financial bottom line. In a statement the company said that they were implementing changes across the company to enhance their continued growth while smartly managing costs. It added that while difficult, they ...

Choice of transport to workplace depends on where one lives

Wed, 22 May 2013 03:00:04 -0400

The decisions about where to live and how to get from home to work happen simultaneously, a research has suggested. A commuter living in a part of the city with higher population density, a mix of residential and commercial land use, and good access to public transit is 13 to 14 percent likelier to use public transit than someone living further away, a new study has suggested. Zachary ...

41 companies will compete in PBNs Social Madness challenge

Wed, 22 May 2013 20:57:49 -0400

More than 40 Hawaii businesses 41 to be exact are cleared for takeoff next month when the local rounds of PBNs Social Madness challenge get under way. Nominations closed last week, and the 41 companies approved for Social Madness will be hearing this week from PBNs parent company, American City Business Journals, about which of three categories they fall into. Last year, if you recall, Social ...

Del Monte Foods to buy Natural Balance Pet Foods

Wed, 22 May 2013 20:44:58 -0400

Actor Dick Van Patten founded New Balance Pet Foods with company President Joey Herrick. San Francisco-based Del Monte Foods agreed Wednesday to buy New ...

Public invited to see Kakaakos transit-oriented development plans

Wed, 22 May 2013 20:36:28 -0400

The Hawaii Community Development Authority is holding four open house events, starting Thursday, to introduce the proposed Transit-Oriented Development Overlay Plan for Kakaako. The Hawaii Community Development Authority plans to hold four open houses to introduce the proposed Transit-Oriented Development Overlay Plan for Kakaako. The TOD Plan incorporates urban design, mobility and access, ...

Honolulu chosen for RE.invest Initiative

Wed, 22 May 2013 20:23:58 -0400

Mayor Kirk Caldwell said Wednesday that Honolulu is one of eight cities chosen to participate in the RE.invest Initiative According to the initiatives website, it is a collaboration among eight cities and engineering, law, and finance firms to create new public-private partnerships for infrastructure work. The selection makes the City and County of Honolulu eligible for help from engineers, ...

Glendale extends deadline for RFPs to manage Jobing.com Arena

Wed, 22 May 2013 20:23:28 -0400

Jobing.com Arena, home of the Phoenix Coyotes. The City of Glendale is extending its deadline for requests for proposals to manage Jobing.com Arena. The city originally wanted bids for the management of the arena by May 24. However, city spokeswoman Julie Watters said the RFP deadline is being extended until May 31. Glendale hired Boston-based Beacon Sports Capital Partners LLC to manage the RFP ...

Barnwell Industries gains 5 but Hawaii stocks finish mixed in Wednesday trading

Wed, 22 May 2013 20:08:50 -0400

Barnwell Industries gained 5 percent Wednesday, but Hawaii stocks finished mixed and the broader markets closed lower. The Dow Jones Industrial Average lost 80.41 points, or 0.52 percent, to close at 15,307.17 while the Nasdaq shed 38.82 points, or 1.11 percent, to finish at 3,463.30. Gainers: Alexander and Baldwin Inc. (NYSE: ALEX) closed at $36.35, up 22 cents, or 0.61 percent; Barnwell ...

The business case for happiness in the workplace

Wed, 22 May 2013 20:06:53 -0400

Happy people may be the most effective in the workplace. But the financial crisis, layoffs and salary freezes have reduced happiness in the workplace, studies have shown. (Jupiterimages/Getty Images/Polka Dot ...

Auto Suppliers Expansion Means 100 Jobs for Central Ohio

Wed, 22 May 2013 19:59:19 -0400

Automotive supply company G-Tekt North American Corp. will move forward with a pair of projects, investing $28.6 million and creating an expected 100 jobs in central Ohio. G-Tekt said yesterday it plans to open a 173,000-square-foot, state-of-the-art manufacturing facility in early 2014 in West Jefferson in Madison County. The facility is expected to create 23 jobs and generate an annual ...

North Carolinas Raleigh Adding City Jobs Giving Workers Raises

Wed, 22 May 2013 19:59:04 -0400

As Raleigh continues to recover from the recession, City Manager Russell Allen's proposed budget keeps property taxes steady while increasing utility bills, adding 40 new positions and giving employees a 3 percent raise. The budget for fiscal year 2013-14 totals $705.23 million in spending. Up from $679 million this past year, it's the highest in city history and a reflection of ...

Mayor Brewer City Councilman James Clenendin weigh in on McConnell news

Wed, 22 May 2013 19:48:31 -0400

City Councilman James Clenendin's district in southeast Wichita is home to many of the people employed at the base. Mayor Carl Brewer said the announcement that McConnell Air Force Base will be the main operating base for a new fleet of KC-46A tankers has been a long time coming. Weve been on the edge of our seats here for many months, he said during a meeting with reporters in his office in ...

Kauai Clams gets OK from Hawaii Health Department to raise and sell shellfish

Wed, 22 May 2013 19:47:34 -0400

The Hawaii Department of Health has given the green light to Sunrise Capitol Inc., doing business as Kauai Clams, to become the first Hawaii company in 26 years to farm and sell shellfish. The company, whose operation is in Kekaha on Kauai, is currently growing clams, and it plans to introduce locally-grown oysters in the near future. Gov. Abercrombie asked the department to help bring a thriving ...

NHL denies Phoenix Coyotes talks with Quebecor Inc.

Wed, 22 May 2013 19:35:22 -0400

The NHL has owned the Coyotes since a 2009 Chapter 11 bankruptcy purchase for $140 million. National Hockey League Deputy Commissioner Bill Daly said today the league is not talking to Canadian communications giant Quebecor Inc. about buying the Phoenix Coyotes. The Canadian company would be interested in moving the league-owned Coyotes to Quebec City. Quebecor is partnering on the construction ...

Kaiser in preliminary stages of of buying Moanalua Golf Course land

Wed, 22 May 2013 19:27:32 -0400

Kaiser Permanente Hawaii officials said talks to buy 10 acres of land from the Moanalua Golf Club adjacent to its Moanalua Medical Center for $4 million are in the very preliminary stages. The opportunity [to buy the land] presented itself this year, Kaiser spokeswoman Laura Lott said Wednesday. At this time we dont have any specific plans for the land. There are a lot of things that have to be ...

Take that Canada Immigration reform may be on its way

Wed, 22 May 2013 19:25:03 -0400

Canada's Minister ofCitizenship, Immigration and Multiculturalism Jason Kenny visited San Francisco last week on a tour promoting the country as a place for entrepreneurs. Here, he poses with the country's newCIC Start-Up Visa billboard. C anada may be lining Silicon Valley highways with billboards recruiting high-tech workers north, a move to promote its new Start-up Visa, take advantage ...

Ex-convicts hail Medina’s pledge to help them get jobs

Wed, 22 May 2013 18:47:18 -0400

Santo Domingo.- Dominicans deported from the United States hailed president Danilo Medina's request for Barack Obama's help with reinserting deported ex-convicts to the labor market. They say the need the government's help because while many of them want to work, society rejects them for being ex-cons. Quoted by listin.com.do, Jose Mejia, one of 69 deported ex-cons who arrived at ...

What happens to the Astrodome

Wed, 22 May 2013 18:24:11 -0400

Click here to see a slideshow of pictures from inside the Astrodome. Houston has a Super Bowl to look forward to, but what of the fate of the Astrodome? Once the "eighth wonder of the world," the dome is now called a liability by the man who sold the National Football League on Houston getting the big game. The bottom line: Its not clear yet what the Super Bowl coming to Reliant Stadium ...

Most funding restored for D.C. Water relocation at Capitol Riverfront

Wed, 22 May 2013 18:22:37 -0400

I'm closing the loop on the D.C. Council's budget skirmish over funding to move D.C. Water facilities out of the Capitol Riverfront. A couple of weeks after a council committee stripped the project of most of its funding, the full council on Wednesday restored enough that the work can move forward. Instead of $9 million in fiscal 2014, as Mayor Vincent Gray proposed, or $1 million, as the ...

EBSCO to merge two divisions

Wed, 22 May 2013 18:01:39 -0400

Two divisions of EBSCO Industries will be merging beginning in July. EBSCO Industries Inc. Wednesday announced the merger of two of its business divisions into one entity which will operate as EBSCO Information Services. The EBSCO Publishing business (EP) and the EBSCO Information Services business (EIS) will combine as of July 1. While the two businesses have worked closely together for the past ...

Container Store CEO considers employees a top priority

Wed, 22 May 2013 17:47:47 -0400

Container Store CEO Kip Tindell said it's important for companies to focus on their employees to improve chances of success. Container Store CEO Kip Tindell thinks the keys to creating a successful corporate culture is communication and quality personnel. Tindell was the keynote speaker at the May 22 World Affairs Council luncheon, where he told Dallas business professionals and guests about ...

Fisher-Price moving eliminating about 100 NY jobs

Wed, 22 May 2013 17:43:48 -0400

EAST AURORA, N.Y. -- Toy maker Fisher-Price says it's moving or eliminating roughly 100 jobs from its New York operations as part of restructuring by parent company Mattel Inc.The majority of jobs will be reassigned to Mattel's El Segundo, Calif., headquarters. Fisher-Price says workers have been offered relocation packages but some received layoff notices.Most of the affected ...

Jobs scarce as record numbers graduate

Wed, 22 May 2013 17:37:25 -0400

/enpproperty--> Competition in the job market is expected to intensify this year as the number of fresh college graduates in China hits a record high this summer. According to the Ministry of Education, the number of matriculating college students will reach nearly 7 million this year, 190,000 more than the total last year. At the same time, the ministry also found job vacancies are ...

T. Rowe Price launches new lineup of target-date funds

Wed, 22 May 2013 17:24:23 -0400

T. Rowe Price is launching a new lineup of target-date funds. T. Rowe Price Group Inc. said Wednesday it will roll out 11 new target-date funds that will be less heavily invested in stocks than the companys existing target-date funds. The new funds will have about 42.5 percent of their assets in equities upon reaching of the target retirement year. Thats down from 55 percent for the companys ...

Heights Out with the old in with the retail

Wed, 22 May 2013 17:24:12 -0400

The Baptist Temple Church recently completed the sale of a portion of its property to Houston-based Braun Enterprises. The cost of the acquisition was not disclosed. Click through the slideshow to see more images of the property. After moving to Houston, one of my first excursions into the Heights included an exploration of the 19th and 20th streets area near Yale. As I drove by, an enormous ...

Dell buyout group discounts companys dismal 1Q earnings

Wed, 22 May 2013 17:22:12 -0400

Billionaire investor Carl Icahn is part of an investor group competing with a group led by Dell Inc. CEO Michael Dell to buyout the companys shareholders. Dell Inc.s prospective buyout group is downplaying last weeks 79 percent decline in first-quarter profits. Tennessee-based Southeastern Asset Management Inc. wrote that Round Rock-based Dells (Nasdaq: DELL) performed well in the business ...

CIOs need to rethink their roles MIT symposium panelists say

Wed, 22 May 2013 17:19:52 -0400

IDG News Service (Boston Bureau) - By now, it's become a tired old tech industry bromide: CIOs need to be business-savvy. But while that sentiment remains true, technology trends, generational shifts in the workforce and changing demands from end users are forcing CIOs to go further and fundamentally rethink their roles, according to members of a panel at the Massachusetts Institute of ...

Mountain Real Estate looking to San Antonio as part of Texas growth plan

Wed, 22 May 2013 17:17:59 -0400

Mountain Real Estate Capital is setting its sights on new opportunities in the Texas residential market. Charlotte-based equity firm Mountain Real Estate Capital (MREC) is looking to expand its investment platform in Texas. And San Antonio could be part of that plan. Arthur Nevid, chief investment officer for MREC, recently announced that his firm, had recapitalized a development by Land Tejas ...

SeaWorld sees 12 increase in revenue in 1Q

Wed, 22 May 2013 17:14:06 -0400

SeaWorld Orlando should see an uptick in business due to the May 24 opening of Antarctica: Empire of the Penguin. SeaWorld Entertainment Inc. reported a 12 percent increase in revenue during the first three months of 2013. The Orlando-based, 11-parks theme park operator (NYSE: SEAS) earned $238.6 million in combined admission and food, merchandise and other services sales, up from $212.4 million ...

Garcetti elected LA mayor after promising jobs

Wed, 22 May 2013 16:37:16 -0400

Los Angeles Mayoral candidate Eric Garcetti arrives for an election night rally Tuesday, May 21, 2013 in the Hollywood area Los Angels. Garcetti defeated Controller Wendy Greuel to become next mayor of Los Angeles after a campaign in which he depicted his rival a pawn of powerful labor bosses. (AP Photo/Chris ...

NetApp to Ax 900 Jobs in Global Restructuring

Wed, 22 May 2013 16:30:28 -0400

NetApp is cutting about 900 employees from its global workforce, the Sunnyvale, Calif., company announced Tuesday as part of the release of its fourth-quarter financial results. The company, a provider of storage and data ...

J.P. Morgan Chase Boss Keeps Both Jobs

Wed, 22 May 2013 16:30:27 -0400

J.P. Morgan Chase Chairman and CEO Jamie Dimon can keep both his jobs after just 32 percent of shareholders voted Tuesday in Tampa, Fla. for a non-binding measure that would have advised the global financial giant to split the roles. Last year, 40 percent of shareholders voted for the measure. In six prior annual meetings where Dimon has been both chairman and CEO, shareholders have been ...

Houston a top market for engineering jobs

Wed, 22 May 2013 16:29:56 -0400

Houston is the U.S. market with the greatest need for engineers, a new study says. Houston was ranked as the No. 1 market in the U.S. with the highest demand for engineers, according to a new Monster Worldwide Inc. (NYSE: MWW) survey. Following Houston were San Jose, Calif.; San Diego, Calif.; Chicago; and Auburn Hills, Mich. The Monster survey also revealed that throughout the U.S., the top five ...

How Women Can Use Friendships To Boost Their Careers

Wed, 22 May 2013 16:29:20 -0400

If you have a talented, hard-working friend who's at a crossroads in her career or building a business, why not help her? If you're the one who's in a bind, looking to change jobs, or determined to move up the corporate ladder, perhaps you should turn to your own friends for guidance. We often employ mentors, coaches, and advisors when we need help advancing our careers--but as it ...

Exxon Mobil Sued For Anti-Gay Employment Discrimination

Wed, 22 May 2013 16:23:23 -0400

There are still 29 states where a person can be fired for being gay, but Illinois is not one of them. Nevertheless, it seems that Exxon ...

Red Cross Bay Area names new CEO

Wed, 22 May 2013 16:16:56 -0400

Mark Cloutier has been named CEO of the American Red Cross Bay Area Chapter. San Francisco Foundations Mark Cloutier has been named CEO of the American Red Cross Bay Area Chapter. Cloutier will leave his position as program director for public policy, community health and civic engagement at the San Francisco Foundation, where he served for two years. Before that, he was a principal at Sellers ...

5 reasons why the VA will move to Mission Bay and why it probably wont

Wed, 22 May 2013 16:14:14 -0400

Mission Bay seems like such a simple move for the VA Medical Center and its productive research operations. But let's face it: This is a government agency in a city where it's tough to do much of anything construction-wise. Nothing is easy. As the VA in the coming weeks gets a closer look at a Bay Area Council Economics Institute study on where the medical center could move and how it ...

BlackRock holdings keep PNC flush

Wed, 22 May 2013 16:13:19 -0400

PNC CFO Rick Johnsons comments about BlackRock Tuesday at Barclays Americas Select Franchise Conference triggered speculation that Pittsburghs biggest bank is looking to sell its stake in the New York-based asset management giant with the skyrocketing stock. But thats a big and very speculative jump from what Johnson actually said, which was as follows, according to Seeking Alphas transcript: I ...

The Steve Jobs Emails That Show How to Win a Hard-Nosed Negotiation

Wed, 22 May 2013 16:10:38 -0400

ringleader " in a scheme to set artificially high ebook prices with some of the largest American publishers, which have already settled the case.The emails have mostly been viewed in the context of the lawsuit, but they also provide an extraordinary view of high-stakes negotiation between the leaders of two powerful firms, Apple and News Corp. They start far apart, but over the course of ...

Where to advertise for your next CFO

Wed, 22 May 2013 16:09:33 -0400

D.C. Chief Financial Officer Natwar Gandhi is leaving, and the District's hired-gun search firm is placing ads in all manner of publications to find a replacement. Let's say you're in charge of a $10 billion organization that needs a new chief financial officer. As a reader of the Washington Business Journal, you just might be. Where do you advertise? Krauthamer and Associates Inc., the ...

Losing Clearwire would make Sprint less attractive MA target analyst says

Wed, 22 May 2013 15:51:41 -0400

If Sprint Nextel Corp. loses the acquisition of Clearwire Corp., the Overland Park wireless carrier risks losing some of the attention of its own suitors, a telecommunications analyst said Wednesday. Sprint (NYSE: S) upped the stakes Tuesday, when it increased its bid for Clearwire (Nasdaq: CLWR) to $3.40 a share, shortly before shareholders were set to vote on the Sprint deal. "If Clearwire ...

Housing slowdown to worsen cost 150000 jobs mortgage group says

Wed, 22 May 2013 15:28:30 -0400

The Canadian Association of Accredited Mortgage Professionals has never agreed with the perception that Canada had a housing-bubble problem. (MEL ...

Sprint CEO New Clearwire bid is best and final offer

Wed, 22 May 2013 15:06:21 -0400

Dave Kaup/KCBJ Dan Hesse is the CEO of the Sprint Nextel Corporation. Sprint Nextel Corp.'s top executive has sent a letter to employees describing the finality of its new offer for Clearwire Corp. The letter could be an attempt to quash anticipation over a Clearwire (Nasdaq: CLWR) bidding war or at least Sprint's (NYSE: S) participation in one. "This new offer represents ...

Former PG director returns to court

Wed, 22 May 2013 15:02:31 -0400

Rajat Gupta, a former board member at Procter & Gamble Co. and Goldman Sachs who was convicted on insider trading charges, wants a new trial. Rajat Gupta, a former board member at Procter and Gamble Co. and Goldman Sachs who was convicted on insider trading charges, wants a new trial, the Associated Press reported. His attorney told an appeals court on Tuesday that Gupta didnt get a fair trial ...

Sears Canada sinks to first-quarter loss

Wed, 22 May 2013 15:02:17 -0400

Sears Canada Inc. reported a loss in its first quarter, dragged down by lower sales of home products and major appliances. Sears Canada, which is 51 percent owned by Sears Holdings Corp., said it had a loss of C$31.2 million (US$30.3 million), or 31 Canadian cents per share, during the quarter ended April 28, compared with a profit of C$93.1 million, or 91 Canadian cents a share, a year ...

Ford ramping up production in Louisville

Wed, 22 May 2013 15:01:50 -0400

Ford Motor Co. is ramping up production and limiting shut downsat some of its U.S. plants. Ford Motor Co. plans to ramp up production to meet growing demand. The Dearborn, Mich.-based auto giant plans to idle its plants for one week this summer, as opposed to the usual two weeks, so it can produce an additional 40,000 units, according to a news release from the company. The Kentucky Truck Plant ...

Tazza Pronto coming to Tyler with 150 new jobs

Wed, 22 May 2013 14:51:25 -0400

dworchel@tylerpaper.com Tyler Mayor Barbara Bass announced that Tazza Pronto, a coffee machine manufacturer, will soon be coming to Tyler and bringing 150 new jobs. She made the announcement to thunderous applause at the Mayor’s State of the City address earlier this ...

Quinlivan City employees should sacrifice to save jobs

Wed, 22 May 2013 14:06:52 -0400

Laure Quinlivan has suggested furloughs for city employees to save workers from layoffs. All city employees, including police officers and firefighters, would take eight furlough days in order to cancel all layoffs and keep funding intact for parks and other programs under a budget plan proposed by Councilwoman Laure Quinlivan. The furlough days would generate $6.67 million, Quinlivan ...

Seattle area reaches full employment milestone

Wed, 22 May 2013 14:03:45 -0400

Nearly four years after the end of the recession, King County unemployment hit 4.4 percent in April. That’s a level economists would traditionally consider full employment. That’s down from an average of 8.6 percent in 2009. It doesn’t mean there’s no suffering here due to job losses, but it’s an important milestone nonetheless, especially when nationally 11 million ...

Italy readies youth jobs plan as government struggles

Wed, 22 May 2013 13:54:15 -0400

By Steve Scherer ROME (Reuters) - Italy's new government, already sinking in opinion polls and riven by internal disputes, on Wednesday began preparing a plan to address one of the main causes of public anger - soaring unemployment among young people. But the left-right coalition's room for manoeuvre to tackle the problem is restricted by Europe's second-biggest debt, the ...

Italian government committed to Telecom Italia jobs network

Wed, 22 May 2013 13:50:04 -0400

MILAN (Reuters) - The Italian government is committed to safeguarding jobs and the security of Telecom Italia's (TLIT.MI) fixed-line phone network, Industry Minister Flavio Zanonato said on Wednesday. The minister's comments come ahead of a ...

Greater Baltimore Committee opposes citys local hiring bill

Wed, 22 May 2013 13:49:15 -0400

Greater Baltimore Committee CEO Donald C. Fry says his organization does not support the city's current local hiring bill. The Greater Baltimore Committee on Wednesday urged the City Council to defeat a bill that would require businesses working on major city projects to mostly hire local workers. We support the goal, GBC CEO Donald C. Fry said in a statement. But this legislation, as ...

Mica Department of Homeland Security could benefit from modeling and simulation Video

Wed, 22 May 2013 13:47:39 -0400

U.S. Rep. John Mica talks modeling, simulation and training in Central Florida and the opportunities for simulation in the U.S. Department of Homeland Security Source: Document prepared by U.S. Rep. John Mica On Monday, we had a story about U.S. Rep. John Mica talking to the Central Florida modeling, simulation and training industry and the threat of base closures. But why focus on the negative? ...

Kurdish guards fear for jobs and lives when Turkey and PKK make peace

Wed, 22 May 2013 13:46:58 -0400

A funeral service in Hakkari province, Turkey, for three pro-government village guards, killed in fighting against Kurdish rebels. Photograph: Burhan ...

Sutter Health gives $150000 to Oklahoma tornado relief

Wed, 22 May 2013 13:45:05 -0400

Sutter Health CEO Pat Fry. Sutter Health, which runs many of the Bay Area's biggest hospitals and medical groups and is under fire in the East Bay from a California Nurses Association strike said Wednesday it has donated $150,000 to Oklahoma tornado relief. The donation was made "this morning" to the American Red Cross's Capital Region Chapter in Sacramento, Sutter said in a ...

Ralph Schulz has some advice for Nashvilles next mayor but it wont be him

Wed, 22 May 2013 13:42:17 -0400

Ralph Schulz is CEO of the Nashville Area Chamber of Commerce. Nashville Area Chamber of Commerce CEO Ralph Schulz says he has no plans to run for mayor though he does have opinions on what the next mayor's priorities should be. "When people leave Nashville, they leave Nashville mostly because of the schools," Schulz said today. "We've got to get that right." Mayor Karl ...

Atmel Corp. makes interim CFO Skaggs permanent

Wed, 22 May 2013 13:41:24 -0400

Atmel Corp. made its interim Chief Financial Officer, Steve Skaggs, permanent CFO. Skaggs has had the interim job since April 2, when he replaced Stephen Cumming, who told Atmel March 27 he was leaving. The San Jose company (NASDAQ: ATML) lost its controller a week before that, when Jamie Samath, who was Atmel's principal accounting officer, said March 20 that his last day would be April ...

Kenya Herders to Lose Jobs Tsavo Park Evictions

Wed, 22 May 2013 13:39:04 -0400

Some 4,500 people are set to lose their jobs following plans to evict Somali livestock farmers from ranches in Taita Taveta, Kwale and Kilifi counties. Coast police boss Aggrey Adoli said the farmers have encroached the Tsavo conservation area. "Domesticated animals cannot graze in a national park," Adoli told the Star yesterday. Two weeks ago, the farmers protested the planned ...

BNY Mellon adds wealth manager jobs

Wed, 22 May 2013 13:34:10 -0400

The Bank of New York Mellon Corp. on Wednesday said it plans to increase its wealth management sales force by 50 percent in the U.S., adding as many as 100 new positions over the next two years. That includes Pittsburgh, but were not prepared now to say how many positions will be added here, said Susan Rivers, BNY Mellon (NYSE:BK) global head of wealth management corporate communications. Our ...

Dimon to keep both JPMorgan jobs

Wed, 22 May 2013 13:30:00 -0400

Shareholders at JPMorgan Chase voted to let Jamie Dimon, the chairman and chief executive, keep both his jobs. At the bank's annual meeting, just 32 per cent of shareholders voted for a non-binding measure that would have advised the bank to split the roles. That's less than the 40 per cent vote that a similar proposal received last year. Shareholder groups lobbying for the split gained momentum ...

Humana to open mail-order pharmacy create 620 jobs in Irving

Wed, 22 May 2013 13:13:36 -0400

Humana plans to open a mail-order pharmacy in August, which is expected to create 620 jobs in Irving. Louisville, Ky.-based health and wellness company Humana Inc. announced Wednesday it plans to open a mail order pharmacy call center and support operation in Irving that is expected to create more than 620 new jobs over the next three years. RightSource, Humana's pharmacy management company, ...

Germans French eye plan to create jobs for young

Wed, 22 May 2013 12:59:45 -0400

Germany's labor minister, Ursula von der Leyen, said Wednesday that she and her French counterpart will meet in Paris next week along with the countries' finance ministers and European industry representatives to discuss the initiative. On July 3, Chancellor Angela Merkel plans to host a meeting of the 27 European Union nations' labor ministers and national labor agency heads in ...

Ford Is Adding Jobs And Skipping Vacations To Keep Up With Surging Demand

Wed, 22 May 2013 12:50:18 -0400

There's a tradition among U.S. automakers to shut down factories for two weeks in early July for what's called the model-year changeover -- that's when routine maintenance is performed as production of current vehicles ends and next year's models begin. During hard times, that summer shutdown has often been extended for weeks or even months at some factories. Not this year. ...

Coaches best-paid state employees in Washington

Wed, 22 May 2013 12:43:50 -0400

OLYMPIA, Wash. — Football and basketball coaches are the top-paid state employees in Washington. University of Washington coach Steve Sarkisian earned $2.7 million last year, followed by Washington State University coach Mike Leach at $2.3 million. The Office of Financial Management recently released the state employee salary list. Third on the list is UW basketball coach Lorenzo Romar ...

Amazon unit to expand in Fairfax Co. add 500 jobs

Wed, 22 May 2013 12:36:56 -0400

Amazon Web Services provides cloud computing services to business and government customers. On Tuesday the company announced it had received authority to operate under a government program designed to streamline cloud computing ...

Boenning snaps up veteran bank analyst

Wed, 22 May 2013 12:34:53 -0400

Asset management and investment banking firm Boenning and Scattergood said Wednesday that Janney Montgomery Scott veteran Rick Weiss has joined the firm as senior research analyst covering thrifts and mortgage REITs. His addition deepens the firms presence in the financial services sector, which took a hit last year when Jason ODonnell left to co-found a brokerage focusing on equity research and ...

TiVo loses only $10 million in first quarter

Wed, 22 May 2013 12:32:43 -0400

Thomas Rogers, TiVo TiVo Inc. saw its stock price jump this week even after it reported a loss of $10.3 million in the first quarter. How is that possible? It's because the television recording technology company didn't lose the $16 million to $19 million it had expected to lose. TiVo also added some 277,000 subscribers in the quarter, the most in any quarter for seven years. The San Jose ...

Pay-for-performance an issue for bank execs

Wed, 22 May 2013 12:28:40 -0400

Banks large and small continue to struggle when it comes to tying executive pay to performance, according to a new report. Nearly 70 percent of CEOs, directors and chairmen who responded to Bank Directors annual compensation survey say that linking compensation to bank performance is the biggest compensation challenge for 2013. The sentiment cuts across banks of all sizes, in all parts of the ...

Hot jobs reign with good salaries even amidst slower growth industries

Wed, 22 May 2013 12:26:44 -0400

The high current account deficit will persist as long as we live in a world of low growth - that hurts our exports - and easy global liquidity, which pumps up the oil import ...

Expanding Sovran poised for more growth

Wed, 22 May 2013 12:24:40 -0400

Throughout 2008, 2009 and most of 2010, Sovran Self Storage Inc. resisted pressure from investors to substantially grow its footprint, believing the market conditions werent right. Finally, prices came down from individual operators who were struggling with the economy, and the Amherst-based self-storage company (NYSE: SSS) hasnt looked back. It purchased 29 stores in 2011, 26 stores in 2012 and ...

Valero spinoff CST reports gain in quarterly income

Wed, 22 May 2013 12:22:44 -0400

CST Brands Inc., the company that owns 1,900 Valero Corner Stores, posted a gain in first quarter net income. San Antonio-based retailer CST Brands Inc., a recent spinoff from refiner Valero Energy Corp., on Wednesday posted a 33 percent profit increase for its first quarter as a public company. CST (NYSE: CST) operator of the Valero Corner Stores retail outlets reported earnings of $21 million ...

GEHA employees suits against JPMorgan come back to state court

Wed, 22 May 2013 12:22:16 -0400

As word came this week that the Government Employees Health Association Inc. would consolidate its 1,200 employees in Independence, a pair of lawsuits involving many of them also were being moved to the same city. GEHA employees filed two suits last year against JPMorgan Retirement Plan Services LLC, an Overland Park-based subsidiary of the Wall Street investment bank JPMorgan Chase and Co. (NYSE: ...

Rockville CPA firm Thompson Associates merging into Santos Postal

Wed, 22 May 2013 11:24:40 -0400

Accounting firm Thompson and Associates PC has agreed to merge into Santos, Postal and Co. PC. Both firms are based in Rockville. The deal is expected to close Aug. 1. Terms were not disclosed. Santos, Postal now has a staff of 26, including 16 certified public accountants. Thompson has 10 employees, including six accountants, all of whom will be joining Santos, Postal. Thompson's Rockville ...

Capital Teas coming to Mosaic

Wed, 22 May 2013 11:23:08 -0400

Today brings another retail announcement for Mosaic District in Merrifield: Capital Teas, the Annapolis, Md.-based tea shop with several locations throughout the Washington area, will open in Mosaic this fall, according to Mosaic's Facebook page. Capital Teas has existing locations in Bethesda Row, the Wildwood Shopping Center in Bethesda, Dupont Circle, Georgetown, National Harbor and ...

OsteoGeneX gets nearly $500K grant for bone disease work

Wed, 22 May 2013 11:23:02 -0400

The National Institutes of Health awarded $475,076 to OsteoGeneX Inc., a Kansas City, Kan., private pharmaceutical company focused on developing a treatment for osteoporosis. The award is a Small Business Innovation Research grant from a division of NIH called the National Institute of Arthritis and Musculoskeletal and Skin Diseases. It will be used to continue developing an oral treatment for ...

GeneriCo raises $435000 toward $2.5 million funding round

Wed, 22 May 2013 11:21:03 -0400

St. Louis-based GeneriCo LLC is in the middle of a $2.5 million fundraising round, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). Generico develops and markets generic pharmaceuticals. It focuses on generics that have been neglected by mid and large generic companies and also have an embedded drug delivery technology making the formulation challenging and ...

Gather ye dream home while ye may in two weeks or less

Wed, 22 May 2013 11:19:07 -0400

Baltimore is home to one of the fastest-moving residential home markets in the country, a new report says. Baltimore is home to one of the fastest-moving residential home markets in the country, with 22 percent of homes selling within one week and 32 percent of homes selling within two weeks. Thats according to the real estate brokerage Redfin, which has ranked the 23 fastest-moving home markets ...

American Eagle to build distribution center near Hazleton

Wed, 22 May 2013 11:19:03 -0400

American Eagle Outfitters (NYSE: AEO) is planning a distribution center in eastern Pennsylvania. American Eagle Outfitters Inc. is planning to build a distribution center in Luzerne County in northeastern Pennsylvania. The 1-million-square-foot center will have 369 full-time employees and up to 600 part-time seasonal workers. It is being built on a 120-acre site in Hazle Township. The project is ...

9 Steps to Build Your Personal Brand

Wed, 22 May 2013 11:16:55 -0400

CIO - Personal branding isn't a new topic. In fact, it's been around since roughly 1997 when Tom Peters coined the phrase, but as we slowly recover from the economic downturn and with the rise of new technology and an increase IT consulting, personal branding is becoming more prevalent and more important. Regardless of your role in IT--whether you are a CIO, a developer or a helpdesk ...

NetApp cutting 900 jobs

Wed, 22 May 2013 11:15:39 -0400

NetApp Inc. said Tuesday it is eliminating 900 jobs as part of a business realignment, as well as increasing dividends and its stock-repurchase program. The data-storage provider said in a letter to Sunnyvale officials that 235 of the cuts will be at its headquarters in the ...

Several senior HTC employees depart following HTC First disaster

Wed, 22 May 2013 11:14:28 -0400

from The Verge. The most recent departure is the company's chief product officer, Kouji Kodera, who left HTC last week. The Verge notes that Kodera is only the latest in a slate of exits, ...

Lowes earnings rise in 1Q despite softer sales

Wed, 22 May 2013 10:49:52 -0400

Mooresville-based Lowe's (NYSE:LOW) reports a rise in earnings for its first quarter despite softer sales. Home-improvement retailer Lowes Cos. Inc. (NYSE:LOW) reports net earnings of $540 million, or 49 cents per share, for its first quarter ended May 3. Thats up 2.5 percent from earnings of $527 million, or 43 cents per share, in the corresponding fiscal period in 2012, according to the ...

UPDATE 1-Germany takes bilateral paths to tackle EU jobs crisis

Wed, 22 May 2013 10:49:01 -0400

Wed May 22, 2013 10:49am EDT * Deals with Portugal, Spain and France * Berlin aims to get speedier response than EU * Critics say efforts are belated By Annika Breidthardt BERLIN, May 22 (Reuters) - Germany is banking on bilateral deals to fight record youth unemployment in the euro zone, agreeing to cooperate with several countries to bypass pan-European bureaucracy. On Wednesday, Finance ...

Agriculture Secretary Vilsack Announces Investments to Promote Business Development Create Jobs in 11 States

Wed, 22 May 2013 10:36:56 -0400

WASHINGTON, May 22, 2013 - Agriculture Secretary Tom Vilsack today announced that loans and grants will be provided to applicants in 11 states to support businesses, improve the quality of medical care, and create or save hundreds of jobs. Funding is provided through USDA's Rural Economic Development Loan and Grant program. The United States Department of Agriculture (USDA) remains focused ...

SAP To Recruit Autistic Employees To Harness Unique Tech Talents

Wed, 22 May 2013 10:32:51 -0400

autism for jobs in software testing, programming and quality assurance due to their ability to focus and their eagerness to identify problems. An estimated one percent of the world's population has autism, a developmental disorder that can cause emotional detachment, difficulties in communicating and rigid, repetitive behavior. The condition is believed to have a strong, but complex, ...

Sen. Tester talks JOBS Act bank capital

Wed, 22 May 2013 10:07:20 -0400

WASHINGTON (MarketWatch) - A rising Democratic leader on the Senate Banking Committee is pushing the nation's securities watchdog to implement a little-known provision to help small companies gain access to the capital ...

Austin co. develops 3-D food printer for NASA

Wed, 22 May 2013 10:03:31 -0400

Astronauts may chow down on food produced through a 3-D printer in the near future. An Austin tech company has won a $125,000 grant from NASA to develop a 3-D printer that creates food for astronauts. Systems and Materials Research Corp. received the funding to research combining powders to produce a digital recipe. The printer-produced food would have the same texture and smell as real food, The ...

Report Lt. Gov. Timothy Murray to resign next month

Wed, 22 May 2013 10:02:43 -0400

The Boston Globe is reporting today that Lt. Gov. Timothy Murray has accepted a new job to head the Worcester Regional Chamber of Commerce. The Globe report, which cited anonymous sources within Gov. Deval Patrick's administration, said Murray's resignation is expected next month and that he is slated to earn $200,000 a year as the Worcester chamber's new CEO. Murray's pay in ...

Booz Allen trimmed head count by 500 in fiscal 2013

Wed, 22 May 2013 09:57:39 -0400

Ralph Shrader, CEO of Booz Allen Hamilton Inc. Booz Allen Hamilton Inc. reduced its workforce by about 500 during fiscal 2013 and expects to modestly trim its head count in the coming year in areas with less growth potential, said CEO Ralph Shrader. The company's annual revenue decreased 1.7 percent to $5.76 billion. McLean-based Booz Allen reported a total workforce of 24,455 during a call ...

Singer Chris Brown is uninjured in car crash

Wed, 22 May 2013 09:55:27 -0400

Chris Brown 's Porsche when it hit a wall in Beverly Hills, Calif., Tuesday afternoon. The recording artist's publicist issued a statement saying the single-vehicle accident was caused by "aggressive pursuit by the paparazzi." However, INF owner Chris Doherty told TMZ all the photographers on scene of the accident work for him and didn't arrive until after the crash. ...

Whats best U.S. city for engineering jobs

Wed, 22 May 2013 09:15:41 -0400

A study released Tuesday by the job-search engine Monster.com listed San Diego as the fourth best place in the country for engineers, based on the frequency of job ads from February to ...

Pesticides soar as Midwest rootworms develop immunity

Wed, 22 May 2013 08:59:19 -0400

Sales of insecticides are flourishing as U.S. farmers are starting to lose the battle against pests damaging their corn, The Wall Street Journal reports. Genetic modification farmers use as protection for the crop is backfiring, exposing beneficial insects to potential harm. Years ago, St. Louis-based Monsanto Co. developed a genetic trait that caused corn to generate its own pest-killing toxin ...

NFL approves upgrades to the Linc

Wed, 22 May 2013 08:58:35 -0400

Lincoln Financial Field will get a face lift The National Football League approved the Philadelphia Eagles first major renovation plan for Lincoln Financial Field since the stadium opened in 2003, Birds 24/7 reported. The Eagles proposed the changes last June, and according to the Sports Business Journal, they include adding seats and building new field-level suites to generate more revenue from ...

Wichita school district a pioneer with safe rooms

Wed, 22 May 2013 08:58:26 -0400

Wichita Public Schools is in the process of building a safe room in every school, and so far, the rooms are installed in all but 18 schools. KWCH News says the rooms originally were funded largely by Federal Emergency Management Agency disaster relief funding, but the latest projects are being funded with the school district's 2008 bond issue. According to KWCH, Wichita in 2000 became the ...

Production at Ford Motor Co. increasing to nearly full capacity

Wed, 22 May 2013 08:57:22 -0400

Ford Motor Co. will shorten its scheduled summer shutdown in efforts to boost its 2013 production by 200,000 vehicles, The Wall Street Journal reports. Normal summer shutdowns last about two weeks; Ford aims to cut that in half, adding 40,000 units of capacity. After adding 900 workers to its Kansas City Assembly Plant in Claycomo as well as another shift of workers to a Detroit-area plant, the ...

Senate OKs legislation to cut business taxes

Wed, 22 May 2013 08:56:48 -0400

The Texas Senate passed three bills on Tuesday to cut business taxes. The Senate version of House Bill 500 gives businesses with revenue of less than $1 million a permanent exemption from paying the state's franchise tax, and gives all businesses a 5 percent rate cut over the next two years, the Austin American-Statesman reports. House Bill 800, which gives companies a choice between a ...

Fords Kansas City growth part of major production capacity increase

Wed, 22 May 2013 08:56:26 -0400

The Ford F150 truck assembly line at the Ford Kansas City Assembly Plant in Claycomo. Ford Motor Co. plans to increase its North American production capacity by 200,000 vehicles this year, partly through production-line expansions. The Wall Street Journal reports Ford is also shortening by a week its typical summer shutdown at several plants. In Kansas City, Ford intends to add a third shift to ...

Wichita hospital branch makes unique donation to Moore tornado victims

Wed, 22 May 2013 08:55:18 -0400

The branch of a Wichita hospital is helping out victims of the EF-4 tornado that tore through Moore, Okla., in a unique way, the Wichita Business Journal reports. Hospitals of Hope branch Clinic in a Can sends out the relief package in the form of a 20-foot container but instead of containing clothes or food, the container actually turns into a self-sustaining field medical clinic. Versions of ...

NetApp plans 900 layoffs

Wed, 22 May 2013 08:52:42 -0400

NetApp is cutting its global workforce by 900, the Triangle Business Journal reports. The company hasn't confirmed where the bulk of layoffs will occur; There's no word on how many workers in its Overland Park office, 9393 W. 110th St., will be effected. The company did say, however, that the layoffs won't affect its hiring plans in Wichita. Over the next five years, NetApp will add ...

Koch Industries joins business contributors to Oklahoma tornado recovery

Wed, 22 May 2013 08:52:33 -0400

Koch Industries Inc. is donating $1 million to support tornado recovery efforts in Moore and elsewhere in Oklahoma. Oklahoma City TV station News9 reports several Koch companies have an Oklahoma presence, including Georgia-Pacific in Muskogee, Koch Nitrogen Company in Enid and John Zink Hamworthy Combustion in Tulsa. Many other businesses have also agreed to contribute. A few others with a ...

Ministry Health Care cuts hundreds of jobs

Wed, 22 May 2013 08:39:22 -0400

Milwaukee-based Ministry Health Care, which operates hospitals in Marshfield, Stevens Point, Oshkosh, Appleton and the Wausau area among its 15 hospital locations, said it will lay off the equivalent of up to 250 full-time positions because of declines in federal reimbursement rates and the effects of ...

5 Ways Employees Should Prepare for the Workplace of the Future

Wed, 22 May 2013 08:07:59 -0400

As the millennial generation, often defined as those born between 1982 and 1997, makes up more of the workforce, and as its members move into leadership roles in industry, we can expect their generational perspectives to shape the workplace. Lindsey Pollak, Generation Y career expert and spokeswoman for The Hartford, identifies key items to watch regarding the future world of work in ...

Ladbrokes moves UK jobs to Israel following Playtech deal

Wed, 22 May 2013 07:57:29 -0400

UK gambling giant Ladbrokes plc (LSE: LAD) is laying off as many as 100 employees involved in digital operations in Britain. "A number of key tasks" will be transferred to its newly opened Tel Aviv offices, the company said. Ladbrokes Israel office began operating on May 1 following a partnership agreement with gambling software ...

Giant solar plane flying into DFW Airport tonight

Wed, 22 May 2013 07:44:41 -0400

The SolarImpulse aircraft will land at D/FW Airport at 1 a.m. Thursday morning and will be on display for the public from 1 p.m. to 7 p.m. Thursday. The SolarImpulse aircraft will make history Wednesday as it flies nonstop from Phoenix to Dallas/Fort Worth International Airport. Swiss pilot Andre Borschberg took off today at 4:45 a.m. from Phoenix Sky Harbor International Airport and is expected ...

What are Nancy Hoffmanns plans for a downtown Greensboro building

Wed, 22 May 2013 07:39:55 -0400

In what she hopes will be a catalytic project for the 300 block of South Elm Street in downtown Greensboro, City Council member Nancy Hoffmann plans to renovate a three-story, 9,400-square-foot historic building into a mixed-use development featuring retail and apartments. Hoffmann purchased the building at 304 S. Elm St. from SunTrust Bank in July 2012 for $275,000, according to public ...

IRS hits Miccosukee tribe with $170M tax bill

Wed, 22 May 2013 06:51:54 -0400

MIAMI -- The Internal Revenue Service has hit the Miccosukee Indians with a $170 million bill for failing to report and withhold taxes from its distribution of gambling profits to tribal members.The Miami Herald ( http://hrld.us/11aX4mY) reported Tuesday that the IRS also sent bills totaling $58 million to hundreds of the South Florida tribe's members for failure to pay personal taxes on ...

City of Cincinnati employees receive layoff notices

Wed, 22 May 2013 06:48:41 -0400

More than 200 Cincinnati workers received layoff notices on Tuesday. More than 200 of Cincinnatis city employees received layoff notices on Tuesday, Local 12 reports. The documents were sent to 66 police officers, 71 firefighters and 64 other workers. The notices were sent out despite an ongoing public debate about the best budget proposal. There are currently three on the table. City Manager ...

Aer Arann to create 50 new jobs

Wed, 22 May 2013 06:44:06 -0400

Oscar Isaac has confessed being cast in Joel and Ethan Coen's new film Inside Llewyn Davis is the shot at the big time he has been waiting for for ...

Smart-growth advocates cite cost savings

Wed, 22 May 2013 06:30:02 -0400

The report suggests that infill development on small lots will save cities thousands of dollars per unit in infrastructure costs. An analysis by an advocacy group for smart growth suggests approaching development in California from a smart-growth perspective would save money both in infrastructure and ongoing costs for local governments. In cooperation with the state and the group Smart Growth ...

Out of the Office Comcast Dana-Farber BiNA Farms Women to Watch

Wed, 22 May 2013 06:26:06 -0400

'Horsing Around at the Ritz.' Keith Lockhart, conductor of the Boston Pops; his wife, Emiley Lockhart, Jana Gimenez, partner at AE Events; and former WBZ-TV arts and entertainment anchor Joyce Kulhawik gathered recently at BiNA Farm's 3rd annual "Horsing Around at the Ritz," a benefit for the farm that brings together youngsters with and without special needs to help them ...

Plan to make Smartrip card obsolete moves closer

Wed, 22 May 2013 06:26:02 -0400

Metro General Manager Richard Sarles said Tuesday at a transportation forum at George Washington University that he is pushing for a plan that would phase out the Smartrip card, WTOP reported. "The key thing is you would no longer have to stop at a far vending machine," Sarles says. "You would have the convenience of just using whatever is in your pocket to pay your fare." Under ...

Prosecutors Lowe paid employees who didnt work

Wed, 22 May 2013 05:43:46 -0400

Ex-Knox County Trustee Mike Lowe and two of his former aides participated in a four-year "continuous larcenous scheme" in which the employees earned salaries and vacation time yet never actually showed up for work to do their jobs, according to documents recently submitted by ...

Britvic to close two factories and warehouse with loss of up to 400 jobs

Wed, 22 May 2013 05:41:26 -0400

Britvic in the UK and Ireland are under threat, after the maker of Robinsons squash and R White's lemonade said it would close two factories and a warehouse.The company, which employs some 3,300 people, is reducing its staff by up to 15% as part of an attempt to cut annual costs by 30m over the next three years.Britvic's chief executive, Simon Litherland, said: "It's always ...

Entrepreneurs rev your engines Startup activity in U.S. at 13-year high

Wed, 22 May 2013 05:10:05 -0400

More than 43 percent of Americans think there are good opportunities for entrepreneurs today, according to the Global Entrepreneurship Monitor. Entrepreneurship is back: Nearly 13 percent of American were starting or running new businesses in 2012, the highest rate of entrepreneurial activity in the U.S. since at least 1999. That's according to the Global Entrepreneurship Monitor, an annual ...

Rail projects mean thousands of jobs

Wed, 22 May 2013 04:14:51 -0400

STOCKTON - There are roughly $2 billion in passenger rail construction and improvement projects coming in the next year, including at least $300 million of spending earmarked for small businesses, for the Bay Area and Central ...

ESPN cutting hundreds of jobs - report

Wed, 22 May 2013 02:21:33 -0400

New York - ESPN, the sports channel that is Walt Disney’s most profitable unit, is cutting 300 to 400 jobs across the company and closing a small Denver office, a person with knowledge of the cuts ...

ThyssenKrupp to slash 3000 jobs

Wed, 22 May 2013 01:22:51 -0400

Last week, ThyssenKrupp CEO Heinrich Hiesinger announced the axing of a further 3,000 jobs worldwide. In February, Hiesinger had already declared plans to axe 2,000 jobs in ThyssenKrupp's steel sector and sell off parts of the company's operations, thereby threatening a further 1,800 jobs (see ...

TV ratings ABC tops demo American Idol finale tanks

Wed, 22 May 2013 01:15:49 -0400

Candice Glover was crowned the 12th "American Idol" in the singing competition's lowest-rated finale ever. With Modern Family beating American Idol on Wednesday night, Scandal tying a series high and the Billboard Music Awards, ABC took the top spot in week 34 of the broadcast television season in adults 18-49. The Alphabet also closed in on CBS in total viewership but was unable to ...

Phoenix apartment complex goes for $16M to San Diego firm

Wed, 22 May 2013 01:14:01 -0400

Copper Creek Apartments in Tempe Pathfinder Partners LLC of San Diego shelled out $16.4 million for the Copper Creek Apartments in Tempe. Phoenix Business Journal reporter Kristena Hansen wrote the 144-unit complex was sold by Equity Residential. This marks the third complex Pathfinder has either bought or partnered on for a purchase in the Phoenix ...

Intel reorganizes to get better grip on mobile chips

Wed, 22 May 2013 01:10:11 -0400

Intel Corp. is reorganizing to find a way to get its chips in more mobile devices. Intel Corp. is reorganizing its corporate structure to tackle the one area it has failed to find success: mobile. The Phoenix Business Journal reported new CEO Brian Krzanich will put several chip architecture groups under his direct supervision as the chipmaker seeks to find better entries into the world of ...

40 cigarette factory jobs go to Poland

Wed, 22 May 2013 01:06:44 -0400

BY STEVEN ALEXANDER - 22 May 2013 Forty jobs at a Co Antrim cigarette manufacturer are set to be relocated abroad, an MP has ...

Bank of America JPMorgan said mortgage help done

Wed, 22 May 2013 01:00:39 -0400

Bank of America and JPMorgan Chase and Co. said they have met their obligations under a mortgage settlement made with state and federal officials. The Los Angeles Times reported Wells Fargo and Co. also was 90 percent done. The five largest banks agreed last year to a settlement with states over bad mortgages. So far more than 600,000 borrows have been granted a total of $50.6 billion in relief. ...

US workers suing employers in record numbers www.privateofficer.com

Wed, 22 May 2013 01:00:26 -0400

U.S. workers are filing a record number of federal lawsuits against employers alleging violations of wage and hour laws, such as not being paid overtime and being misclassified as contractors, a recent study shows. During the 12-month period that ended in March, workers filed 7,764 lawsuits alleging violations of the Fair Labor Standards Act, according to data released this month by Seyfarth ...

Apple tax case may spur work on loopholes

Wed, 22 May 2013 00:57:42 -0400

Apple CEO Tim Cook testified before Congress earlier this week about the computer company's tax bills. Apple Inc.s foray before Congress this week to talk about its taxes may be the impetus to change U.S. tax code. The Seattle Post Intelligencer and the Associated Press said a report released Monday on how Apple avoided billions in taxes by using such things as Irish subsidiaries to avoid ...

Americans believe it takes $58K annually to get by

Wed, 22 May 2013 00:53:46 -0400

A new survey finds Americans believe it takes about $58,000 a year to get by in the U.S. CNBC reported the findings from a Gallup survey is more than double what the government considers the poverty threshold for a family of four at $24,000. Those numbers are consistent with surveys Gallup conducted in ...

Be a pest employers admire

Wed, 22 May 2013 00:51:29 -0400

o Remind employers of your existence and help them see that in between their deadlines and crisis of the moment, you're worth paying attention ...

Death toll at Freeport-McMoRan mine in Indonesia rises to 28

Wed, 22 May 2013 00:50:09 -0400

Freeport-McMoRan Copper & Gold said 28 people died in a recent mine accident in Indonesia. Freeport-McMoRan Copper and Gold Inc. officials in Indonesia said a final death toll in a mining accident there had reached 28. Bloomberg reported the company said there would be a day of mourning. The mine is the second-largest copper produce in the world for the Phoenix-based Freeport. Mining at the ...

CFOs weigh changing roles in new economy

Wed, 22 May 2013 00:05:04 -0400

See correction at end of article. The Denver Business Journals May 21 CFO Forum focused on two trends in the world of chief financial officers adapting to the ever-changing corporate world and helping their companies guide deals such as mergers and acquisitions with optimum results. The forum at the Marriott Hotel Denver City Center hotel in downtown Denver was sponsored by Zurich Insurance ...

Labour unrest puts jobs at risk - Gordhan

Wed, 22 May 2013 00:03:57 -0400

Introducing debate on his budget vote in the National Assembly, Gordhan said something needed to be done or the country would lose jobs and investor confidence, and companies would ...

Prime Student Loan gets seed money to help grads cut loan payments

Wed, 22 May 2013 00:01:05 -0400

Derek Kaknes, co-founder and CEO of Prime Student Loan, says college graduates who are employed shouldn't have to pay the interest rate on student loans that's given to current students. Prime Student Loan, a Boston startup aiming to help recent graduates reduce their student loan expenses, said Wednesday it has raised $250,000 of seed funding from CommonAngels as it seeks to reach more ...

Kings on hiring spree as season ticket sales soar

Wed, 22 May 2013 00:00:00 -0400

Sacramento Kings fans came out to City Hall on Friday to show their support at an announcement detailing the sale of the team to a local investment group. Now they're buying up tickets at a frantic pace. Four hired with 36 more to go. As of late morning Tuesday, the Sacramento Kings had begun hiring staff to help sell tickets. The National Basketball Association also has a dozen people in ...

Dallas Stars to unveil new uniform logo in rebranding effort

Tue, 21 May 2013 23:15:22 -0400

The Dallas Stars plan to unveil a new uniform, as well as a new logo, next month. The Dallas Stars plan to update the team's look with a new uniform design, as well as a new logo in a rebranding effort aimed at bringing renewed attention to the National Hockey League club. Ever since Stars Owner Tom Gaglardi purchased the team a year-and-a-half ago, the club has been working on a rebranding ...

Pipe dreams of pipeline jobs

Tue, 21 May 2013 22:59:11 -0400

President Barack Obama knows the dangers of not going far enough or fast enough to stop the climate crisis. History will celebrate his decision to lead us toward a clean energy economy that solves climate change and creates long-term, sustainable jobs for Americans. But achieving this awesome goal requires that we reject the TransCanada Corp.’s proposal to build the Keystone XL pipeline, ...

Former head of J2 Marketing Solutions scheduled to enter plea on wire fraud charge

Tue, 21 May 2013 22:58:36 -0400

Former Kaneohe resident Jason Pascua, who is charged with using his business, J2 Marketing Solutions, to mastermind a Ponzi scheme that defrauded people out of $1.4 million, is scheduled to appear in U.S. District Court in Downtown Honolulu Thursday afternoon. FBI officials said in a statement that Pascua is scheduled to be arraigned and enter a guilty plea on one count of wire fraud, which is ...

Downtown Plaza owners No deal to sell to Kings

Tue, 21 May 2013 22:46:10 -0400

JMA Ventures LLC president and CEO Todd Chapman said tonight in an emailed statement that the sale of Downtown Plaza cannot be confirmed at this point, and more information will come later. The owners of Downtown Plaza have backed off of an earlier confirmation of a sale of the mall to the Sacramento Kings investors. JMA Ventures LLC president and CEO Todd Chapman said tonight in an emailed ...

Kings ticket sales off-the-chart amazing

Tue, 21 May 2013 22:17:30 -0400

A crowd gathers Friday at Sacramento City Hall to hear about a deal to buy the Sacramento Kings. Since then, season tickets have been selling fast. Now that the Sacramento Kings are staying, a new arena is planned, and the team has new owners, the demand for tickets for the coming season is huge. The pace of season ticket sales has been shocking, Jeff David, Kings senior vice president of sales ...

Drill manufacturer cuts over 1000 jobs

Tue, 21 May 2013 21:45:57 -0400

Massive cuts across the contract mining sector have come home to roost as drilling service and manufacturing company Boart Longyear slashes over 1000 jobs from its operations globally this ...

Unity-based Kennametal other employers reach out to hire military veterans

Tue, 21 May 2013 21:25:32 -0400

Matt Peaslee of Squirrel Hill, a product manager in tooling systems at Kennametal Inc. in Latrobe, stands for a portrait inside its technology ...

Hawaii job fair to showcase opportunities for Army subcontractors

Tue, 21 May 2013 21:20:02 -0400

The Hawaii Small Business Development Center Network and VS2 LLC will host a job fair for subcontracting services needed by the U.S. Army, scheduled for June 10 at the Manoa Innovation ...

Avid delays filing gets second Nasdaq warning

Tue, 21 May 2013 20:52:55 -0400

Louis Hernandez Jr., president and CEO, Avid Technology Avid Technology Inc. (Nasdaq:AVID) received its second letter from the Nasdaq Listing Qualifications Department saying it was no longer in compliance with Nasdaq exchange rules. The Burlington, Mass.-based maker of digital audio and video technology said it received the first warning letter in March after it delayed the filing of its annual ...

UK Shale Gas Industry Could Support 74000 Jobs

Tue, 21 May 2013 20:40:00 -0400

A new report from UK employers' organization The Institute of Directors (IoD) argues that shale gas development in the UK could create tens of thousands of jobs, reduce imports, generate significant tax revenue and support British manufacturing. Released Wednesday, the IoD's report, titled "Getting Shale Gas Working", makes a series of claims that support the view that shale ...

Kentucky coal jobs at lowest level since state started counting in 1950

Tue, 21 May 2013 20:35:31 -0400

A train load of coal ready to be transported was parked near Ky. 119 in Cumberland Aug. 16, 2011. The first load of coal shipped by rail from Harlan County was shipped in August 1911, 100 years ago. Charles Bertram | ...

Journalists shouldnt be prosecuted for doing their jobs Obama

Tue, 21 May 2013 20:29:56 -0400

President Barack Obama does not want journalists prosecuted for doing their jobs, his spokesman said Tuesday, amid a furore over a Fox News reporter caught up in a Justice Department leak ...

Waterstones starts consultations over jobs with staff

Tue, 21 May 2013 20:24:14 -0400

Hundreds of jobs could go at Waterstones after the retailer launched a consultation with 560 managers as it seeks to slash costs and "secure the future" of the UK's last nationwide book ...

Adam Grant Givers and takers - who are the best performers in the workplace

Tue, 21 May 2013 20:24:13 -0400

"There are two kinds of people in the world," said the humorist Robert Benchley: "Those who believe there are two kinds of people in the world, and those who don't." After a decade of research in settings ranging from Google to government and military organisations, I've found that there are not two, but three kinds of people in the world. I call them takers, givers ...

College ROI Which Oregon universities deliver the best payback

Tue, 21 May 2013 20:23:34 -0400

Eastern Oregon University 30-year average income versus the total cost: $100,400 Average total cost to earn a 2012 bachelor's degree: $84,910 Average financial aid awarded: $4,852 The cost of a college education continues to increase, as does the burden on graduates in terms of debt. The average university graduate is expected to leave college with $25,000 in debt, which makes finding the ...

Vail Resorts sells land for new condos at Breckenridge

Tue, 21 May 2013 20:13:36 -0400

"." Curious how much it costs to buy a piece of land on a Colorado ski resort mountain? Try $5.2 million per acre. Vail Resorts Inc. (NYSE: MTN) sold 2.1 acres of land at the base of Breckenridge Ski Resorts Peak 8 to an affiliate of Breckenridge Grand Vacations Inc., which developed the Grand Timber Lodge and Grand Lodge at Peak 7. The land carried a $11.1 million cost. Grand Vacations ...

NFL may move Pro Bowl from Hawaii to the Mainland in 2015

Tue, 21 May 2013 20:11:29 -0400

a video posted on NFL.com , Goodell also said that the NFL is also toying with the idea of tweaking the game, which pits the top players from the American Football Conference against the best players in the National Football Conference except for the players on the two Superbowl teams. The changes could include having captains of the two teams draft players. ...

GlaxoSmithKline to axe 120 jobs

Tue, 21 May 2013 20:08:44 -0400

Pharmaceutical company GlaxoSmithKline will axe 120 Melbourne jobs as it closes its tablet packaging business. The redundancies will occur at the company's Boronia site in Melbourne's east, which employs 363 people, GlaxoSmithKline said in a statement. Boronia site director Troy Webb says the job losses come as the company abandons its tablet packaging business to focus on technology ...

Hawaii agency taking comments on Honolulu rail survey work for another week

Tue, 21 May 2013 19:30:49 -0400

Workers are seen in this 2012 filed photo conducting an archaeological survey near Downtown Honolulu for the city's rail project. The state of Hawaii is taking public comments on the archaeological survey work until May 30. The state of Hawaii is taking public comments on the archaeological survey work for Honolulus elevated-rail project until May 30. The survey reports for the four phases of ...

Robert Scoble is watching you watching him looking through Google Glass Video

Tue, 21 May 2013 19:28:07 -0400

Robert Scoble of Rackspace talks about how he uses Google Glass every day, and what he'd like to see in the future. Robert Scoble sports Google Glass at New York Internet Week. Silicon Valley tech evangelist Robert Scoble is really good about sharing his toys. The prolific tech blogger and startup liaison for Rackspace (NYSE: RAX), the San Antonio cloud services company, spent at least half ...

Most Hawaii stocks post gains as broader markets close higher

Tue, 21 May 2013 18:56:24 -0400

Alexander and Baldwins stock gained 1 percent Tuesday to lead Hawaii stocks in gains and follow the broader markets to close higher. The Dow Jones Industrial Average gained 52.30 points, or 0.34 percent, to close at 15,387.58. The Nasdaq gained 5.69 points, or 0.16 percent, to close at 3,502.12. Gainers: Alexander and Baldwin Inc. (NYSE: ALEX) closed at $36.13, up 39 cents, or 1.09 percent; Bank of ...

Wanna vote for your favorite wine blog Heres how

Tue, 21 May 2013 18:49:01 -0400

Thirty finalists (some in multiple categories) in the 7th Annual Wine Blog Awards were announced Tuesday, including top wine business blog finalists The Gray Report, The Wine Curmudgeon, The Academic Wino, Horsemaster of Wine, and Fermentation: The Daily Wine Blog. The Wine Blog Awards will be presented at the 2013 Wine Bloggers Conference in Penticton, British Columbia, on June 8. To cast a vote ...

Houston to see millionaire ranks grow 19 over 5 years

Tue, 21 May 2013 18:29:30 -0400

The great majority of U.S. millionaires 88 percent say theyre feeling better about their financial stability, but most dont take into account the big surprises life offers up, such as the burden of parents medical bills. The great majority of U.S. millionaires 88 percent say theyre feeling better about their financial stability, but most dont take into account the big surprises life offers ...

JPMorgans Dimon keeps chairman CEO jobs

Tue, 21 May 2013 18:23:08 -0400

NEW YORK (AFP) - JPMorgan Chase shareholders Tuesday endorsed chief executive Jamie Dimon to remain chairman, but the bank's board faces added pressure after some board members barely won a majority.The Wall Street banking titan, under pressure over the huge "London Whale" derivative losses two years ago, beat back a shareholder proposal to strip Dimon of one of his leadership ...

Big plans for expanding Safeway at Howe and Fair Oaks

Tue, 21 May 2013 17:58:31 -0400

Sacramento's University Village shopping center has submitted plans for a big expansion for Safeway. Sacramentos University Village shopping center has submitted plans for a big expansion and new configuration. The owners of the center at Howe Avenue and Fair Oaks Boulevard propose expanding the existing Safeway supermarket, adding a two-level parking structure, demolishing some commercial ...

Sacramento Kings investors buying Downtown Plaza

Tue, 21 May 2013 17:58:12 -0400

The investors who bought the Sacramento Kings now have a deal to buy the most of the site where a new arena will be built. The investors who bought the Sacramento Kings now have a deal to buy the most of the site where a new arena will be built. JMA Ventures LLC said Tuesday afternoon that it will sell Downtown Plaza mall to the group led by Vivek Ranadiv. San Francisco-based JMA, which bought ...

Larry Dierker returns to Houston Astros as special assistant

Tue, 21 May 2013 17:55:08 -0400

On Tuesday, Larry Dierker was named a special assistant to the Astros' presidentof business operations, Reid Ryan. In his second full day as the Houston Astros' president of business operations, Reid Ryan named former pitcher, broadcaster and manager Larry Dierker a special assistant to the president and Goodwill Ambassador for the team. Dierkers duties will include speaking engagements, ...

Houston housing market sees more record-high prices in April

Tue, 21 May 2013 17:52:42 -0400

The Houston areas housing market hit a number of milestones in April. Houstons home prices set new all-time records in April as the areas housing market reached a number of other milestones, the Houston Association of Realtors reported Tuesday. The median price for single-family homes set another record for Houston, increasing 14.5 percent year over year to $184,900. The average price for ...

Schnucks says credit-card breach could cost it $80 million just in Illinois

Tue, 21 May 2013 17:09:52 -0400

The cost of the massive payment card hack that struck Schnucks in recent months could cost the company $80 million in Illinois alone, according to a court filing.In a motion filed last week, the Maryland Heights-based chain asked that a lawsuit against the company be heard in U.S. District Court for the Southern District of Illinois, rather than in St. Clair County Circuit Court, because the ...

Dish looking to engage social TV watchers

Tue, 21 May 2013 16:43:19 -0400

Dish Network has upgraded its app to facilitate users sharing mobile viewing on their social networks. TV watching used to be an endeavor mainly done solo, with a glass of wine, on the sofa, in ones underwear. Don't judge. But now Dish is allowing its app users to get more social as they watch. The satellite-TV provider upgraded its app to facilitate users sharing mobile viewing on their ...

N. Va. biotech has always been weak. How that could change.

Tue, 21 May 2013 16:42:08 -0400

Biotech has never quite taken flight in Northern Virginia. Whether that's due to the lack of a big corporate anchor or blue-chip research university, the dearth of wet labs, the attraction of a stronger scene in Montgomery County or pure dumb happenstance is anyone's guess. But on this side of the D.C. suburbs, the life sciences are not thriving. The story of Virginia biotech right now ...

TiVo posts loss but subscriber gain

Tue, 21 May 2013 16:41:39 -0400

While many equate "TiVo" as a name for any DVR, the company saw red ink as it tries to fend off competition from DVR and cloud-storage rivals. Increasing competition in the content storage market may not bode well for TiVo. The company posted a $10.3 million loss in its third quarter. The report actually beat analysts expectations as overall revenue was up at $82.6 million, compared to ...

Trucking industry slows down in April

Tue, 21 May 2013 16:39:25 -0400

The American Trucking Associations Truck Tonnage Index fell 0.2 percent in April. That follows a 0.9 percent increase in March and marks the second dip in the past six months. The U.S. trucking industry slipped slightly last month. The American Trucking Associations Truck Tonnage Index fell 0.2 percent in April. That follows a 0.9 percent increase in March and marks the second dip in the past six ...

Kim Jew expands rebrands sportsschool division

Tue, 21 May 2013 16:39:25 -0400

Paul Jew will operate a new division of Kim Jew Portrait Art with the name Moji. One of Albuquerques largest photography businesses, Kim Jew Portrait Art, is expanding and rebranding its sports and school fundraising photo division. The divisions were previously known as One-of-a-Kind and Kim Jew Sports. The new division is under one name, Moji which means to remember more accurately reflecting ...

Smallville writers settle suit challenging Warner Bros. accounting

Tue, 21 May 2013 16:39:08 -0400

The creators of "Smallville," Miles Milar and Alfred Gough, had accused Warner of denying "Smallville's" profit participants with sweetheart license-fee deals when the companys television arm undersold the series to affiliates of its own WB network, which eventually morphed into The CW. A lawsuit that may have shone a light on Hollywood accounting practices has been ...

Sabal Financial adds lending for two residential projects

Tue, 21 May 2013 16:38:40 -0400

Sabal Financial Group is moving into the lending market for small residential projects, with a pair of relatively small projects in Sacramento and Granite Bay. Pacific Housing, a not-for-profit builder, will receive a $9.9 million loan to acquire a 1.2-acre piece of land in Sacramento for 34 detached townhomes. In another loan, Premier United Communities has received $4.8 million from Sabal for ...

Train service to resume from Connecticut to NYC Wednesday

Tue, 21 May 2013 16:32:21 -0400

Transportation officials said Tuesday would be the last day of hampered rail commutes from Connecticut to New York City because of last week's train accident. A Metro-North train derailed Friday and sideswiped another train, injuring 70 people and tearing up 2,000 feet of track. Both Metro-North and Amtrak will resume full service Wednesday, The Hartford Courant reported. Amtrak said it ...

Obama against prosecuting reporters for doing their jobs White House

Tue, 21 May 2013 16:28:21 -0400

President Obama believes in the need for balance between national security concerns and the ability of reporters to work freely, White House has ...

NetApp confirms it will cut 900 jobs worldwide

Tue, 21 May 2013 16:21:02 -0400

Data storage company NetApp confirmed in its earnings release Tuesday that it will be eliminating about 900 jobs globally. The company says its a part of a broader process of restructuring and realigning resources. Were still trying to determine whether the cuts will affect NetApps Wichita site, which had been in the process of adding about 400 jobs. A NetApp spokesman says the company is not ...

EKU giving buyout packages to 127 employees

Tue, 21 May 2013 15:51:43 -0400

Eastern Kentucky University will give buyout packages to 127 employees who applied and were accepted, officials announced Tuesday. Most of the people who chose the buyout are "rank and file" staff employees, said Gary Barksdale, executive director of human resources. The program was not available to faculty or vice presidents. Buyout packages were calculated based on an employee's ...

Texas Emerging Technology Fund slated to get $50M

Tue, 21 May 2013 15:32:56 -0400

The Texas Emerging Technology Fund is expected to be allocated $50 million for the next biennium. The Texas Emerging Technology Fund is expected to be replenished with $50 million for the next two years, based on a new budget deal, the Austin American Statesman reports. Although this falls below Gov. Rick Perrys request of $69.5 million for the ETF for the next two years, the amount is still a ...

Ladbrokes to cut up to 100 jobs at head office

Tue, 21 May 2013 15:32:29 -0400

(Reuters) - Ladbrokes said as many as 100 employees at its headquarters in Harrow could lose their jobs as Britain's second-largest bookmaker transfers a number of roles to its operation in Israel, set up as part of its agreement with gaming ...

Getting happy about depression study results

Tue, 21 May 2013 15:32:04 -0400

Neuronetics CEO Bruce Shook A new therapy is not only effective in treating depression, it sustains those results through one year of treatment, according to new data about NeuroStar TMS Therapy System from Neuronetics. Its not typical to see long-term benefit in patients who have treatment resistant forms of depression, said study investigator Dr. Philip Janicak, a professor of psychiatry at ...

ESPN Lays Off More Than 100 Employees

Tue, 21 May 2013 15:27:00 -0400

ESPN on Tuesday began making a significant reduction of its work force, laying off more than 100 employees at its Bristol, Conn., headquarters and in at least one regional technology ...

Planning for CVS Pharmacy at Howe and Fair Oaks

Tue, 21 May 2013 15:24:10 -0400

Developers will release a draft environmental impact report for public review within a few weeks for a CVS Pharmacy store they propose to build at Howe Avenue and Fair Oaks Boulevard, at the site of a vacant Hubacher auto dealership. Developers will release a draft environmental impact report for public review within a few weeks for a CVS Pharmacy store they propose to build at Howe Avenue and ...

Bangladesh’s other workplace catastrophes

Tue, 21 May 2013 15:17:38 -0400

collapse of the Rana Plaza building on more than 1,000 workers, which made it the deadliest ever catastrophe in the history of the garment industry. Last November, a garment factory fire killed more than 100 people. So the tannery worker’s assessment sounds like a sick joke. But the truth is it was a realistic assessment of the deplorable health and safety conditions in Bangladesh. Indeed, ...