qalymeled.wordpress.com
The Plano-based affordable retailer saidthe 153,000-square-foo t store will be located at 33rd Street and Sixth Avenur in the heart of New York It is scheduled to open on July 31. Penney’es (NYSE: JCP) maintained its corporatee office in Manhattan from 1914 to 1988 before movinb to theDallas area. The retailer also has New York City storedin Queens, the Bronx and Staten Island. The two-leveo store in the renovated Manhattan Mall is accessibl e from street level as well as from two busy publicx transportationterminals — the 34th Street-Herald Square subwayy station and the 33rd Street PATH train The store is one block from Penn The store will employ 500 people and be one of the retailer’ s largest, the company said.
Penney’s said the store also will be geareds toward commuters ina hurry. It includes nearluy 100 registers and an electronic queuing system that directsx customers to available registers and informzs them of their estimated wait The Manhattan store will debut two new exclusivebrandsa — home brand Cindy Crawforf Style and menswear brand JOE Josephb Abboud two months before they arrivwe in other stores, Penney's said in a news The store is amon g five opening at the end of the month. Otherx will open in Fairview, Texas; Hiram, Ga.; Lee’x Summit, Mo.; and Pleasang Prairie, Wis.
Saturday, November 10, 2012
Thursday, November 8, 2012
Bank of Granite awaits word on bid for $30M from U.S. - The Business Journal of the Greater Triad Area:
shemwellmygalej1291.blogspot.com
It also hasn’t decided whether it woulr takethe money. “We have applier for it,” says Scoty Anderson, Bank of Granite’e chief executive. “We have no reasob to believe we won’t get it. We’re just kind of watchinb and waiting.” The deadline for publicly traded banks to submitt applications for capital under the Troubled Assets Relief Programwas Nov. 14. Since several regional banks in North Carolina have announced they have been approved for TARPcapitakl infusions. , , and Gastonia-based have said they will take amountd rangingfrom $20.5 million to $65 million by selliny preferred shares to the Treasury.
Under the banks are allowed to receiv e an amount of upto 3% of their risk-weighte assets. The Treasury Department has stressesd the program is designed forhealthty institutions, and UNC Charlotte professo Tony Plath says approval has become the “ Good Housekeepinf seal of approval for “It’s critical,” he “It tells you that the Treasury believes you have a business modelp that can last through the But if you don’tr get TARP money, essentially what they’rew telling you is preparde the bank for a sale.” Bank of Granite has facee several problems during the past year or so.
Thoses include issues with its loan underwriting and risk assessment that resulteed in a delay inlast year’s third-quarter earnings report. Through the first nine months of the companylost $1.9 million. That was an improvementy from the $17.2 million loss it had racke up through the same period ayear (Bank of Granite finished 2007 with a full-yeare loss of $15.3 million.) In the third quarter of the company lost $271,000, down from the $3.4 milliob loss it reported in the second Anderson was named CEO a year ago. He has worked to repairf the bank’s internal controls whilr managing surging loan losses tied to its core footprintg inCatawba County.
In the thirfd quarter, the bank’s nonperforming loans, or those close to grew to $51.6 million, or 5.42% of total loans. That’s up from $40 or 4.18% of totalp loans, in the secondf quarter, and $27.7 million, or 3%, a year earlier. Andersonj notes the bank remainz well-capitalized, under regulatory guidelines. “Ayt the same time, it would be nice to have that he says of aTARP infusion. “It would definitely buoy our capitakl so that we could grow the He saysthe company’s boare has not decided whether to take the Treasury’s capital if the bank is approved for the TARP funds.
He notezs that accepting the infusion will diluter the value ofexisting shareholders’ stock. And he says the boarf also will have to weigh the expensd of thegovernment capital; the preferred shares carrgy a 5% annual dividend for the firsgt five years. The Treasury Department isn’tf publicizing its denial of TARP money to institutions rejectexd forthe program. As of Nov. 21, none of the primary bankiny regulators had recommended denying the government funds for any according to a report on the TARP initiatived prepared last month by the GovernmentAccountability Office.
But officialws told the GAO that institutions couldf withdraw their applications at any point in the processs if it was unlikel y their applications would be And some institutions had donejust that. QUICK Regionapl banks approved fora preferred-stockm investment from the U.S. Treasuryg include: • First Bancorp: • NewBridge • Yadkin Valley Financial Corp.:
It also hasn’t decided whether it woulr takethe money. “We have applier for it,” says Scoty Anderson, Bank of Granite’e chief executive. “We have no reasob to believe we won’t get it. We’re just kind of watchinb and waiting.” The deadline for publicly traded banks to submitt applications for capital under the Troubled Assets Relief Programwas Nov. 14. Since several regional banks in North Carolina have announced they have been approved for TARPcapitakl infusions. , , and Gastonia-based have said they will take amountd rangingfrom $20.5 million to $65 million by selliny preferred shares to the Treasury.
Under the banks are allowed to receiv e an amount of upto 3% of their risk-weighte assets. The Treasury Department has stressesd the program is designed forhealthty institutions, and UNC Charlotte professo Tony Plath says approval has become the “ Good Housekeepinf seal of approval for “It’s critical,” he “It tells you that the Treasury believes you have a business modelp that can last through the But if you don’tr get TARP money, essentially what they’rew telling you is preparde the bank for a sale.” Bank of Granite has facee several problems during the past year or so.
Thoses include issues with its loan underwriting and risk assessment that resulteed in a delay inlast year’s third-quarter earnings report. Through the first nine months of the companylost $1.9 million. That was an improvementy from the $17.2 million loss it had racke up through the same period ayear (Bank of Granite finished 2007 with a full-yeare loss of $15.3 million.) In the third quarter of the company lost $271,000, down from the $3.4 milliob loss it reported in the second Anderson was named CEO a year ago. He has worked to repairf the bank’s internal controls whilr managing surging loan losses tied to its core footprintg inCatawba County.
In the thirfd quarter, the bank’s nonperforming loans, or those close to grew to $51.6 million, or 5.42% of total loans. That’s up from $40 or 4.18% of totalp loans, in the secondf quarter, and $27.7 million, or 3%, a year earlier. Andersonj notes the bank remainz well-capitalized, under regulatory guidelines. “Ayt the same time, it would be nice to have that he says of aTARP infusion. “It would definitely buoy our capitakl so that we could grow the He saysthe company’s boare has not decided whether to take the Treasury’s capital if the bank is approved for the TARP funds.
He notezs that accepting the infusion will diluter the value ofexisting shareholders’ stock. And he says the boarf also will have to weigh the expensd of thegovernment capital; the preferred shares carrgy a 5% annual dividend for the firsgt five years. The Treasury Department isn’tf publicizing its denial of TARP money to institutions rejectexd forthe program. As of Nov. 21, none of the primary bankiny regulators had recommended denying the government funds for any according to a report on the TARP initiatived prepared last month by the GovernmentAccountability Office.
But officialws told the GAO that institutions couldf withdraw their applications at any point in the processs if it was unlikel y their applications would be And some institutions had donejust that. QUICK Regionapl banks approved fora preferred-stockm investment from the U.S. Treasuryg include: • First Bancorp: • NewBridge • Yadkin Valley Financial Corp.:
Wednesday, November 7, 2012
Bears' Knox to miss entire season with back injury - Yahoo! Sports
azajir.wordpress.com
Bears' Knox to miss entire season with back injury Yahoo! Sports LAKE FOREST, Ill. (AP) -- Chicago Bears receiver Johnny Knox remains on the physically unable to perform list and will miss the entire season because of a back injury. He had a deadline Tuesday to return to practice from the list. That didn't happen. |
Monday, November 5, 2012
Renovation pros team up for Moffett site - San Francisco Business Times:
lehoquvuhu.wordpress.com
A Carnegie agreement with the allows the Pittsburgh university to leaswe for 15years (with an optionn for 48 years) building s 23 and 24 in the 70-year-old Shenandoah Plazz property, a six-building quadrangle listexd on the state historic register. The university will use 19,000p square feet to expand its West Coast openedSeptember 2002. The $5 million in renovations must meet Statre Historic PreservationOffice guidelines, and the team is a natural for the job.
ARG'zs portfolio includes work on theGranrd Canyon's Visitor's Center; historic preservation desigm guidelines for 200 historic office buildings in Los restoration work on the Conservatory of Flowerz at Golden Gate Park; and award-winning design work on the Filolio Visitor Center in Woodside, a National Trust property. Turner'sz portfolio includes projects atStanford University, NASA the San Jose Tech and the new San Jose Civif Center.
The team shoulfd complete the Shenandoah Plaza renovationsthis "We needed two outstanding qualities for this projecty — experience with the adaptivw reuse of historic from a design and constructioj standpoint, and we needed them to be familiarf with working with NASA. Both (Turner and ARG) have had experienced at Moffett Field," says Andy Barnes, CEO of Barnes Co., the San Francisco real estate consultinh firm charged with finding the team forthe job.
A Carnegie agreement with the allows the Pittsburgh university to leaswe for 15years (with an optionn for 48 years) building s 23 and 24 in the 70-year-old Shenandoah Plazz property, a six-building quadrangle listexd on the state historic register. The university will use 19,000p square feet to expand its West Coast openedSeptember 2002. The $5 million in renovations must meet Statre Historic PreservationOffice guidelines, and the team is a natural for the job.
ARG'zs portfolio includes work on theGranrd Canyon's Visitor's Center; historic preservation desigm guidelines for 200 historic office buildings in Los restoration work on the Conservatory of Flowerz at Golden Gate Park; and award-winning design work on the Filolio Visitor Center in Woodside, a National Trust property. Turner'sz portfolio includes projects atStanford University, NASA the San Jose Tech and the new San Jose Civif Center.
The team shoulfd complete the Shenandoah Plaza renovationsthis "We needed two outstanding qualities for this projecty — experience with the adaptivw reuse of historic from a design and constructioj standpoint, and we needed them to be familiarf with working with NASA. Both (Turner and ARG) have had experienced at Moffett Field," says Andy Barnes, CEO of Barnes Co., the San Francisco real estate consultinh firm charged with finding the team forthe job.
Sunday, November 4, 2012
Feds Sue Senor Frog's for Hawaii Sexual Harassment - ABC News
humojo.wordpress.com
San Francisco Chronicle | Feds Sue Senor Frog's for Hawaii Sexual Harassment ABC News The U.S. Equal Employment Opportunity Commission is suing the Senor Frog's bar and restaurant chain, saying its CEO, other high level executives and managers sexu » |
Saturday, November 3, 2012
Landlord keeps deposit without making repairs - Chicago Tribune
ikefageze.blogspot.com
Chicago Tribune | Landlord keeps deposit without making repairs Chicago Tribune Q: Is it against the law if a landlord keeps a renter's security deposit and then never fixes the "damage" the landlord claimed the renter made? Our former landlord presented a list of damage that justified his keeping our security deposit, and then ... Letters: Th e Renter's Rant |
Thursday, November 1, 2012
Mark Phelan: 2013 Chevy Malibu LTZ boasts capable chassis, advanced features - Detroit Free Press
humojo.wordpress.com
Mark Phelan: 2013 Chevy Malibu LTZ boasts capable chassis, advanced features Detroit Free Press Forget the Snake. I don't care what your menu said at the Chinese restaurant: 2013 is the Year of the Midsize Sedan, thanks to four strong new players in the popular segment. A * * * 2013 Chevrolet Malibu LTZ with the 2.5-liter base engine is the ... |
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