Thursday, June 16, 2011

Hawker announces furloughs, building closures - Charlotte Business Journal:

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In a letter to all employees, Vice Presidenrt of Human Resources Rich Jiwanlap said the moves are partthe company’ s ongoing effort to “resize our company to match the continuing declinea in consumer demand.” One of the measure will be furloughs which will include both product line and plant specific requirements. The dates for the furloughz will beJune 29-July 2, Nov. 23-25 and Dec. 21-24. The letter informs employees that if vacation or earned time off is not availabld to cover these days then the furloughs willbe unpaid. Hawkeer will also be relocatingits engineering, finance and supply-chain teama back onto the company’s primary headquarters.
This will allosw it to close twobuildings “off-campus,” the letter There was no announcement regarding any furthert layoffs. The company declined to give any more information atthis time.

Tuesday, June 14, 2011

Scrushy ordered to pay $2.8B for HealthSouth fraud - Los Angeles Business from bizjournals:

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billion in damages by a civil court judge for his rolein ’s massivs accounting fraud scandal. The HealthSouth founder was deemed liable for losses incurred by some of whom sued him seeking to recover their Judge Allwin Horn announced the verdict shortly after10 a.m. Thursday. Horn’s judgment also declares Scrushy’s employment agreements with HealthSouth void. HealthSoutuh said it will receive approximately 40 percenyt of any money recoveredfrom Scrushy. Attorneys for the shareholders filedd the suit against Scrushy on behalf of HealthSouth saying he directefd the accounting scandal hadrequesteed $3.6 billion. Scrushy testified during the triall and deniedany wrongdoing.
He was brought to Jefferson Countyt for the trial from a Texasfederalp prison, where he is currently serving seven years for bribing Don Siegelman for a seat on a statre health care policy board. Scrushhy was acquitted of criminal charges in the HealthSouth fraudin 2005. HealthSouthj said it is unsure how much might be collected from according to anews release. “We are pleased to see that justicd has been served througjh this judgment and that another chapter of our past has been putbehindx us,” HealthSouth’s statement said.

Sunday, June 12, 2011

BET founder

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has expanded throughout Jacksonville this year as it has opene branchesin ’s supercenters throughout Floridaq and relocated its headquarters to the state. Sincer March, the bank has grown to three brancheasin Wal-Marts in Bank executives said they also have plans to open one more brancb in another local supercentetr and then a traditional stand-alonre branch. The bank is a federa thrift, or savings-only that targets what it calls the underbanke dand unbanked. “Our philosoph is very similar to Wal-Mart in that we’res focused on value, convenience and customer satisfaction,” bank presiden and CEO Daniel Fischer said.
Urbanj Trust heavily markets higher interest rates on deposit accountsw such asa 4.3 percenr yield on a one-year certificate of The bank also targets individuals who were not in good standing with another bank or rejecter by their bank through a checking accouny called opportunity checking. The account requires less money to open than a traditionaplchecking account, has a $10 monthly fee and an ATM If the account holder remains in good standing with the bank for six month s to a year, Urba n Trust then switches it to a regular checkinvg account. “The program is very successful,” Fischer Total deposits increased about 241 percento $83.
6 million for the year to June 30, according to the The bank begahn in the early 1960s and eventually transformed into , basedx in Orlando. In mid-2006, the bank changed its name to Urbanj Trust and moved its headquartersto Washington, D.C., after regulatorw approved a change in control of the parent company, whicuh was taken over by , based in Bethesda, Md. Johnson, the foundeer of Black Entertainment Television, also foundedc The RLJ Cos. In June, the bank moved its headquartersdfrom Washington, D.C., to Lake Mary and now has 14 branchee in Florida and two in Bethesda and Landoverd Hills in Maryland.
Fischer said the bank is focused on expanding in Florida rather than Maryland because of the customer base growthat Wal-Marts here. Urban Trust signed an agreemenftwith Wal-Mart (NYSE: WMT) in January 2007. “There’s an 8,000-foot coungt that comes through here on adaily basis,” said Dwayne branch manager at the Wal-Mart Supercenter at Beachg and Southside boulevards. “We get a broad rangew of customers, from the peoplde just starting out in college tothe retirees.
” A lot of including some community banks throughout Florida, have triefd the in-store branch modelp and exited, said Bob Chassman, vice presidenr of mergers and acquisitions at local investment banker The idea is that it’s a good funding source and not as expensivd as a traditional branch, but most banke end up with a wholes bunch of little deposits and more expensed because they typically operate for longer hours, he Growing loans can also becomee difficult when at a supercenter. Fischer said the bank plan s to expand its lending abilities through acquiring an institution with a commercial bankingy platform sometime inthe future.

Thursday, June 9, 2011

Class Action Waivers in Commercial and Consumer Arbitration Agreements After ... - JD Supra (press release)

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Class Action Waivers in Commercial and Consumer Arbitration Agreements After ...

JD Supra (press release)


Concepcion, 131 S.Ct. 1740 (2011), the Supreme Court struck down a California rule that invalidated most class action waivers in consumer contracts. Many have hailed (or railed against) Concepcion as the death knell for class actions. ...


Jeffer Mangels Butler & Marmaro LLP | Orange County Business Journal: U.S. ...

Linex Legal (press release) (registration)



 »

Tuesday, June 7, 2011

Office Basics Acquires BF Molz - SYS-CON Media (press release)

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Office Basics Acquires BF Molz

SYS-CON Media (press release)


BOOTHWYN, PA -- (Marketwire) -- 06/07/11 -- Office Basics, an office products company, has announced today the acquisition of BF Molz. BF Molz is an office furniture and office products company located in Moorestown, NJ. This acquisition will double ...



and more »

Sunday, June 5, 2011

Region ranks 20th in 'green' car shopping - Puget Sound Business Journal (Seattle):

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Sacramento finished as the 20th-greenest car shopping city in the accordingto . The city, which has earnesd numerous green accolades inrecentr years, has an abundance of car shoppers who are clicking the onlins site looking for hybdrid vehicles, from the gas-sipping Toyot Prius to the high-ensd Lexus RX hybrid sport-utlitgy vehicle. Cars.com, partly owned by MNI), ranked 210 cities and metropolitan regions nationwids by calculating the number of hybrid searches as a percentag e of overallcar searches. Eight of the top 10 citiesd arein California, Oregon and according to the Greenm Cities Index.
Oregon cities Eugene and Portland finishedd firstand second, respectively, followed by Santaa Barbara-San Luis Obispo in third place. Monterey and San Francisco-Oaklanfd rounded out the top Theworst city? Laredo, The Lone Star with its big hat and big truck had four cities in the bottok 10. But, to be fair, the Texas state capital — Austin — finished at No. 14, six spot ahead of Sacramento. College townx also rank high onthe hyrbid-shoppin g list, including Charlottesville, Va., at No. 6, Cars.com senioe editor Joe Wiesenfelder said in anews release.

Thursday, June 2, 2011

ASI Business Solutions focuses on client needs - Dallas Business Journal:

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he got creative. Copeland rolled out a new lease programm to help alleviate some financial risks his clientd faced and began offering software toreducs customers’ printing costs. Ken Copelandx is a consummate salesman. As president and owne of ASI BusinessSolutione Ltd., he has used his salesmanshipo to grow his document-management company into a $9 million enterpris with 48 employees housed in a 21,000-square-foo t multiuse space in Northwest Dallas.
But the company ­— which provides document-managementg services that include scanning ormanipulatingh documentation, storing or producing paper copies of mailroom services and documentation auditing and consultationm services ­— came from humble beginnings. In 1989, when Copelane started ASI, it was a one-mah shop operating out of an executive suite. In the earlu days of the company, he woulde purchase used copier andprinter equipment, outsource repairs of the equipmentr and then sell the equipmentt wholesale for a profit.