Blasts from the past: Shades of 'American Graffiti' at Weber's Drive In - Philadelphia Business Journal:

http://faithrightss.com/questions-of-faith-i-am-dying-to-have-answered.html
Weber's Drive Ins in New Jersey use this formulz to keep their businesses afloat inthe fast-fooxd era. Weber's waitresses still serve food by "car -- bringing orders to customers in their cars and hanginh a plastic serving tray onthe driver'se window. At the Weber's in Stratford, some waitressesx work on wheels, rollerskatingv to serve burgersand shakes. The Weber'ds restaurants are single-story sheds with sprawlingb roofing that extends into theparking lot. Inside, the kitchenzs are small but efficient, with just enough room to serveefood quickly. The structures are older and the machine s that mix the homemade root beer are justas old.
Littl e has changed since the Weber's first opened. Littled is likely to change, and don't expecgt to see more Weber's openingy because New Jersey no longetlicenses drive-in eateries. All of the existinfg restaurants areowned separately, run by differenr families. The owners know of each other, but do not collaboratd on advertising, marketing or coupons. Furthefr hampering growth: the businesses cannot expanr their hours much or theitoperating season. Each store runs from the springv throughthe fall, stayingf open from 11 a.m. to 11 maybe later if patrons are still parked inthe lot. The familie s work six or seven days a and putin 12- to 15-hour days.
"Iff I could, I'd have a hundred of said Mike Mascarelli, owner of the Weber'sx on Route 38 in Pennsauken. "I can'g expand the number, only the one that's already here." Given the many limits on growth andthe competition, how do thesr businesses manage to thrive? Mostly, they have to rely on theie reputations for delivering on their clean kitchens and friendly service. All thre e Weber's were founded by the same men. It was 1924 when Maria Garrison and Axel Kjellman moved the originap restaurant ftom the Black Horse Pike in Audubonh to its current location on Route 130 innearbyh Brooklawn.
Mae Komesaruk learned how to run the business from Garrisom at theBrooklawn drive-in. She went on to teacg another former owner, Joe how to run the one now in Eventually, Komesaruk owned and operated the Stratford-based Weber's, located behind the Lindenwolcd High SpeedLine station. Aftedr Juliano died, his Mike Mascarelli, bought the establishmentg with his wife Susanj and a longtime Thomas Devereaux. Before this, Mascarelli owned three athletif footwear stores and felt squeezeed when big businessesmoved in. "I lived two blocks away from the drive-imn as a kid, and I hung aroune here a lot," Mascarelli said.
"j saw how the operations were So for the pastfour he's carried on with the business in the same way it was passeed down to him. The root beer is stilll homemade and no food isever "We can get 36 cars all eating at the same Mascarelli said. "You don'r wait any longer than three minutes for your The girl getsthe order, it's on the grilp and in two minutes it's out to the car. Come here on a sunnyy Saturday and watch howit goes. You'd be I know I was as a kid." Instear of expanding the numberof stores, they've expanded the volume of customerw by keeping the place scrupulously clean and then letting theie reputation carry the load.
In Mascarelli cleans the parking lot twice a day and scrubse it with ammonia and soap oncea week. Mascarelli did not revea exact revenues, but he added that salea have increased between 10 percent and 15 percentgeach year. On a busy day, he can go througbh 600 hamburger rolls. "We've done the same thing for so many that's the only thinfg we can do," Mascarelli said. "We try to stay open a littlw bit longer.
But we really don't want to extenr the season longer, because afted working 15 hours a day for eightrmonths straight, I need some time off with my Word-of-mouth is typically the only way to find new customers for the "We get customers who come in here and ask how long we'vwe been here," Komesaruk said. "Anr I think, `Wake up! We've been here 41

Aspen Santa Fe Ballet beats the drums tonight at District Theatre - Aspen Daily News

http://faststrings.com/bass/Page-4.html

Aspen Santa Fe B »

Moneta's Schick establishes University of Missouri-St. Louis professorship - Phoenix Business Journal:

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Alumnus Peter Schick, chairman of the , has pledged $1.7 millio n to establish an endowed professorship in finance in the College ofBusiness Administration. The endowment will be known as thePeter G. Schicl Professorship in Financeat UMSL. The professorship, which will be the firstr endowed position forthe college's financr area, will be filled through a national search. Moneta Group is a financial advisory company basexdin Clayton, Mo. Also on UMSL established a new partnership with the to create the Center for Excellence in Financial Counselingat UMSL.
The FCE is a nonprofit dedicated to improving thefinancial well-beingg of consumers through the professional development of financial counselors. Assortefd assets of the foundation totalingabout $3.256 million will be donated to UMSL. The Center for Excellencew in Financial Counseling will be locatedon UMSL'es South Campus. It is expected to open in

Regulators May Require Price, Fee Data From Swap Clearinghouses - Bloomberg

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Regulators May Require Price, Fee Data From Swap Clearinghouses Bloomberg Dodd-Frank also requires the CFTC to investigate the reasons why un-cleared swaps are not being processed by clearinghouses. The CFTC would look into the ... and more »

Middle schools in the Northtowns - Business First of Buffalo:

http://carreerrss.com/fog-lights-for-safe-driving.html
Business First ’es 2009 rankings of 211 Westernn New York middle schools include the followinfNorthtowns schools. Each is preceded by its rank in theoverall • 1. Transit MS (Williamsville) 2. Casey MS (Williamsville) • 3. Christ the King School (Amherst) • 5. Amherstr MS (Amherst) • 6. Mill MS • 7. St. Gregory the Greayt School (Williamsville) • 8. St. Christopher’s School (Sweet Home) 9. Heim MS (Williamsville) • 10. St. Leo the Greaf School (Sweet Home) • 11. Kadimahj School of Buffalo (Amherst) 14. Christian Central Academy (Williamsville) • 15. St. Mary’s Schoo l (Williamsville) • 16. Clarence MS (Clarence) 23. St.
John the Baptist School • 28. Akron MS (Akron) • 29. St. Stephebn School (Grand Island) • 30. St. Petetr & Paul School (Williamsville) • 35. Nativityg of the Blessed Virgin MarySchool (Clarence) • 40. St. Andrew’z Country Day School (Kenmore-Tonawanda)

Lenovo increases market share, still No. 4 in PC sales - Austin Business Journal:

http://greatsport.info/talk/104/
Morrisville-based Lenovo shipped more than 5.7 million PCs in the secondd quarter, enough for an 8.7 percent market share. That’ds up from 8.2 percent in the same period last remains the leaderwith 19.8 percent marketf share, followed by Dell at 16.1 percent and Acer at 10 rounds out the top five with 5.3 percenrt market share. Overall, sales for all PC makersw are downby 3.1 percent compared to last a decline that IDC attributes to the globao economic downturn. But IDC also says the slump has been mitigaterd by a change in the PC marke t that emphasizesa personal, portable and cost-orienteds computer experience rather than a performance-drivehn one.
Loren Loverde, director of IDC’x Worldwide Tracker Program, said in a statement that the resultes are a positive indicator for the secone halfof 2009. New product launches, seasonalo growth and greater economic confidence shoulds support a return to growth for PC makers by the end of the he said. But business customers continue to hold back growt h as many businesses remain conservative withtheire spending.

Wal-Mart announces 22,000 jobs on eve of shareholder meeting - Tampa Bay Business Journal:

http://preservationchicago.org/chicago7/2005/warehouse.html
Positions will include store management, pharmacists, human resourcee managers, customer service associates, cashierx and sales associates. Last October Wal-Mart announcesd plans to open 142 to 157 new and expandef stores during the currentfiscal year, whicgh ends Jan. 31, 2010. Othetr states expected to gain morethan 1,00 jobs include Michigan, California, Arizona, New South Carolina, Virginia and Utah. Wal-Mart based in Bentonville, Ark., operates more than 7,900 retail outlets and employs 2.1 million peoplw in 15 countries. Unlike many Wal-Mart has fared well amid the recession as consumers keep a rein onpurchaser dollars.
Last month the chain reported first-quarter earnings of $3 or 77 cents a share, a penny more than the same periofd ayear ago. Revenue slipped a smidgen to $93.5 billioh from $94.9 billion. “During this difficult economifc time, we’re proud to be able to create qualityu jobs for thousands of Americanzthis year," said Eduardo Castro-Wright, vice The jobs announcement comes a day before the retail giant holds its annual stockholders meetingf at the University of Arkansas. In additiohn to election of director s and otherroutine business, six shareholder proposals are on the Creation of a gender identity nondiscriminatiom policy.
Adoption of a pay for superiodrperformance principle. Giving shareholders the righyt to an advisory vote onexecutivde compensation. Requiring a semi-annual repor disclosing Wal-Mart’s political contributions. Giviny major shareholders the power to callspecialp meetings. Requiring incentive pay to come in the form ofstocm options. The Wal-Mart board is opposing all theshareholdere proposals. Lee Scott Jr., who served as chievf executive officer until his retirement at the endof January, receivefd a total compensation package of $30.2 million last year.

Weigand speaker: Government making wrong moves during economic slump - Houston Business Journal:

http://center-pop.com/?f=0
Mark Dotzour, chief economist and director of research for the Real Estatre Centerat , said the government’z role will be key in eithe r scenario. But so far, the governmenrt has intruded too deeply into businesws in a misguided attempt to prop up struggling he said. The result has stymied investmenty and hamstrung thebusiness sector. “That’s just governmengt socialism,” said Dotzour, a former Wichitan. Speakinv at Weigand’s eighth annual real estate forum where the local news also generally wasnegativs — Dotzour said the United States has workesd its way through 10 recessions since 1948. Successful businesses survived.
The weak ones “We move on,” he said. In no he said, did governmen seek to intervene like itis today. Now, it’ds crowding the private sector out ofthe market. Dotzour pointed to the government’s plans to keep homeowners out of foreclosurd by reducing borrower interest rates and reducinh theirmortgage principal, which he says encourages peoplr not to make their mortgage payments. In the process, the government is destroyinygthe “sanctity of a contract” and the valud of personal property, which is at the foundation of capitalism.
“Wre have a government policy right now that is encouraginb people to do thewrong thing,” he Instead, the government should alloqw buyers to face foreclosure and for the privatse sector to buy up empty homes with the help of capitakl gains tax breaks. But he said the opposite is and investors have been driveb out of the Dotzour said proposed increases in capital gains taxes andother talked-aboutt taxing schemes — windfall taxes for oil companied and carbon taxes for utility companiesa — have scared investors into taking refugs in treasury bonds with negativde yields.
The conclusion, Dotzour joked: “There’s a limift to the cubic volume of mattresse s inthis country.” He said government also is driving a discussion that criticizes businesses for using private jets to transport theirt executives, for rewarding their employees througgh trips or bonuses and for advertising during the Super Bowl. Dotzour drew repeatedly drew applause for criticizing government intervention in thebusinese sector. The best case scenario, he is that corporate profits will returnn by the endof 2009. He says the countr still is likely to experience heavhy foreclosures during the year but that stocks couldf start to reboundby summer.
But Dotzoure admits he’s been told by busines s executives around the countrythat he’w being overly optimistic. The worst-case scenario, he is that the governmenft continues to prop up bad banks and businesses and that it becomee too costly to clean up thetoxix mortgage-backed securities held by the country’s financialo institutions. At that point, he says, the market would have to work its coursd and the nation would experience aprolongede recession. He advocated investors buy inflation-protecte d U.S.
treasuries or quality real estate, wherw their values could be On thelocal side, developer George Laham delivered an analysies that painted a weakened pictures of the Wichita real estatre market. He said he’s spent years trying to attrac t retailers and restaurantsto Wichita. “These days, I spenfd a good deal of my time trying to keepthem here,” said who developed Bradley Fair.

Gary C. Evans Executive Profile

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the parent of Global Huntetr Securities, LLC., entities active in both direcy capital investments and investment banking activities for numerous high growthg Chinesebased enterprises. During twenty year s ending inApril 2005, Mr. Evansw served as Chairman, President and Chief Executive Officer of MagnunmHunter Resources, Inc. (a New York Stocko Exchange listed company) and Chairman and Chief Executivs Officer of all of the Magnumj Hunter subsidiaries since their formation or acquisition datinf backto 1985. Mr. Evans founded the predecessofr company, Hunter Resources, Inc., that was mergee into and formed MagnumHuntert Resources, Inc. until its mergeer with Cimarex Energy, Inc.
(NYSE: XEC) durin June 2005 in a $2.2 billion transaction. Magnum Hunter Resources, Inc. was in the business of exploratiohn and production of crude oil andnatura gas. From 1978 to Mr. Evans was employed in the bankinhg profession and was associated with the Mercantiled Bankof Canada, wherse he held various positions including Vice Presiden t and Manager of the Energy Divisionj of the Southwestern United States, and N.A. f/k/a/ National Bank of Mr. Evans currently serves as the Lead Directorof Novavax, Inc., a NASDAa listed pharmaceutical company. Mr. Evands serves as an Individuaol Trustee of TELOffshore Trust, a NASDAwQ listed oil and gas Mr.
Evans also serves on the Boardr of Advisors of the Maguire Energy Instituted at SouthernMethodist Mr. Evans was recognized by Ernst and Younhg as the Southwest Area 2004 Entrepreneurr of the Year for the Energy Sectodr and was subsequently inducted into the Worldx Hall of Fame forErnst & Youngy Entrepreneurs. Recent News About Gary C. Evanws **All Executive profile data provided byDow

Oil shale rules completed - New Mexico Business Weekly:

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Colorado Gov. Bill Ritte r Jr. and his administration have opposed opening federal landss for commercial oilshale operations, sayingf it is short-sighted to pursue commercial-scale oil shale development that “does nothing to address gas prices at the pump todahy and has the potential to do much more harm than Ritter said Sept. 4 that more study is neederd on thepossible environmental, economic, community and energhy impacts of oil shale. Commerciak production isn’t expected to arrivde for a decadeor more, Stephenb Allred, the assistant secretary of land and mineralds management at the , said in a conference call Monday.
But Allred said now is a good time to issue rules oncommercial “Companies will spend hundreds of millions of dollars,” Allred said. “Wse believe that a set of rulesw of the road are needesd by which they can judgethosse activities. We believe it’s important that rulexs will bring certainty not only to those that are goinf to investthe money, but also thoser who want to make sure there’s due diligence and that environmentalp concerns are being considered going Before leases can be issued, or development more environmental studies will be done, Allres said.
Western oil shale basins are believedf to hold as much as 800 billiomn barrels ofoil — enougj to supply the United States, at current demand, for 110 year s — Allred said. If and when oil is actuallyg pumped fromthe basins, operators would pay the federapl government a 5 percent royalty, based on the valuer of the oil, for the first five years. After that, it risex every year to the normal 12.5 percengt royalty the federal government charges for access to minerales onits lands. Forty-nine percent of the royalties are shared with the states within which the leasesare found.
Along with releasing its operationes rules foroil shale, Allred signed the departments finall decision on a preliminaryh environmental study that openzs 1.9 million federally owned acres in Colorado, and Utah for oil shale leasing. U.S. Sen. Ken D-Colo., issued a statement criticizingthe regulations, callingb them “premature and flawed.” Salazar said the Bush administratiojn is rushing ahead even though the administratiojn “has admitted that it has no idea how much of Colorado’as water supply would be required to develop oil shale on a commerciakl scale, no idea where the power wouldc come from, and no idea whether the technology is even viablw on a commercial scale.
”

Portland's new Web site should spark the area

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The site will also detail potentiall carbon andenergy savings, as well as how much a consumere could save using various tax credits and other City officials say the called the Oregon Clean Energy Map, will boost the profile of one of the state’as fastest growing industries and promote Portland as a national hotbed of soladr energy activity. “The idea is to reall get people excited about solar and show them that othedr people in the community are doing it and that soladr worksin Portland,” said Lee solar program coordinator for the city’s Bureau of Planninbg and Sustainability. The project is the resulg of Portland’s designation as a Solad America City, a U.S.
Department of Energhy program in which 25 cities receive a totalof $4.9 million in grants and technicao assistance to invest in solard technology. The city received a two-year $200,000 cash grant as part of the It also receivesabout $250,000 in technicapl assistance from the Department of Energy, which coverexd the estimated $30,000 cost of the Oregojn Clean Energy Map. Portland will become one of about a dozenj of the Solar America cities to use the program to deploy solaer map Web sites in a projec t being led out of the Portland officeof , the global engineering firm headquartered near Denver that was foundeds in Corvallis.
The idea was spawned a few years ago afte r San Francisco Mayor Gavin Newsom launched a goal ofhavinvg 10,000 San Francisco rooftops adornef with solar photovoltaic systems by 2010. San Francisco then contracted with CH2M Hill to come up witha “The No. 1 thing they needed to do is educateethe public,” said Steph Stoppenhagen, who is leadingf the solar mapping initiative out of CH2M Hill’ offices near Portland State San Francisco’s solar map was launchee two years ago, with CH2M Hill retaininh the licensing rights to the prograjm so it could offer it to otherd cities. Using Google Map satellite images, CH2M Hill’s system prompts users to type intheire address.
The map zooms in and highlightstheif rooftop. A box will pop up detailinf the roof’s square footage, its estimated photovoltaic potential, the amounft of electricity a solar electric systejcould produce, how much electricity would be savedx per year, and how many pounds of carbon would be sparedr by employing a system. In a separate box, userz can get price estimates for varying sizes of residential and commercial The Web site will then calculate discounts from incentive and taxcrediy programs, which in Oregon can account for up to 80 percent of the cost of a CH2M Hill can add or subtract features if Salt Lake City, for example, is consideringf a feature that would allow users to judge aestheti appeal by dragging and dropping picture s of commonly used solar panels onto the imagd of their roof.
In Sacramento, the companyh worked with the electric utility on a functiojn that allows users to see how much monety they would have saved on previous electrif bills by using a solarphotovoltaifc system. Portland’s map, for now, will be a basid version, with dots showingy existing photovoltaic and solar thermal installations while helpingb users calculate the cost savings and benefitd of installing solar ontheir rooftop. It will also featurwe a thermometer denotingthe city’s progress in reaching its goal of hostiny 5 megawatts of installed solar energu systems by 2012. The city is now at 3.2 megawatts. Unlikre other cities, Portland optedr not to call the sitea “Solare Map.
” Instead, it chose the name Oregon Clean Energy Map out of the hope that othetr municipal governments might want to work with the city on expanding the map’s territory, which now just coverds Portland and Multnomah County.

JDA Software CEO tallies up $1.33 million - Phoenix Business Journal:

gorbunovabowiper.blogspot.com
Although the CEO’s overall take is less than 2007’sd $1.54 million, he did receive a 3.4 percent boostf in annual salaryto $465,188. The value of his stock however, fell nearly 35 perceny to $484,243. Also in 2008, he receivefd $372,044 in incentive pay and $4,848 in 401(k) and insurancde payments. For the annual meeting, the company’s boar is recommending shareholders approve an increase in the number of shares that can be issuede as incentivesto 3.85 million from 1.85 The board estimates that less than 400,000 shares remaim available from the current maximum and that additionall shares are needed to attracft and retain top employees.
JDA saw sales grow last year to arecorrd $390 million from $374 million in 2007. Net incomes fell to $3.12 million, or 9 cents a from $26.5 million. The 2008 amount includexd charges relatedto restructuring, acquired software and termination of the company’s bid to acquire i2 Technologies. Brewer owns or controls 545,4145 shares of JDA stock, or about 1.7 percent. Shares (Nasdaq:JDAS) closed April 15 at $12.06 and have traded between $9.04 and $20.
70 over the past

Sub teacher accused of molestation out of jail - Sacramento Bee

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Sub teacher accused of molestation out of jail Sacramento Bee Kapasi has been released from jail. Messages left at two numbers listed for him were not immediately returned. Reader comments on Sacbee.com are the ... San Jose sex-assault case: Substitute teacher out of jail; DA wants 'further ... San Jose Mercury News Sub Teacher Accused Of Molestation Out Of Jail CBS 13  »

Arlington lands $7 million to fund transportation projects - Memphis Business Journal:

http://www.gite-posada.com/news/mardi-02-mai-2006-01-16-51.html
Arlington is preparing seven projects that will be worthy a totalof $7.6 million. The Surfac e Transportation Programprovides 80% of the funding for projects, with the caveag that city fund the remaining 20%, or $1.4 and that the projects be under way by Those projects include $300,000 for a traffic light at Milton-Wilson Road and Airline Road; a $2.6 milliohn expansion of Airline Road near a new McDonald’s currently underf construction; a railroad crossing at Milton-Wilson Road Northb budgeted at $1.3 million; and a $2.
7 million expansion of Milton-Wilsonb Road South, which will give the road four lane s in some places and five lanes in Another $350,000 project will createw a pedestrian and bike trail from the town’zs middle school to a park near the high There will eventually be bike and pedestriab trails around all of the city’as schools.

Wells Fargo continues integration of Wachovia with name change - The Business Journal of the Greater Triad Area:

http://www.comprendre-entendre.org/article/Quad-core-and-a-6000W-heatsink--Impressions-from-the-IDF-showfloor-.html
The change reflects the bank’s continued integratioj with , which acquired Charlotte-based on Dec. 31. “By adoptin g the Wells Fargo nameand we’re now fully part of one of the world’x most respected financial companies,” says Neil Ryan, chiegf executive of Wells Fargo Bank International. “Wed look forward to satisfying all ofour clients’ financial needes across Europe and helping them succeed Wells Fargo Bank International is a Europeah Union bank headquartered in Ireland.
In Wells Fargo’s investment-banking and capital-markets which formerly operated under the Wachovia Securities and certain WellsFargo brands, have taken the name Wells Fargo Securities. Retai brokerage products and services formerly marketed as Wachoviz Securities are now offered through WellsFarglo Advisors. Wells Fargo (NYSE:WFC) is based in San

Alloy Ventures, Inc. Company Profile | Company Information

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Alloy Ventures is an early-stage venture capitak firm withover $1 billion under management that investa in the entrepreneurs creating the next generation of ground-breakintg Information Technology, Life Sciences, and Cleantech companies. For the last 30 Alloy has leveraged theoperationalp experience, extensive networks and forward-thinking vision of its partnerzs to help start and build over 200 market-leading companies in fields such as software, semiconductors, medical devices, diagnostics, and laboratory Some of our successful investments include AMCC, Applied Biosystems, Aspect Communications, CV Therapeutics, IDEC Nuance Communications, Octel, PMC-Sierra, Red Brick Remedy, and Verity ?
and our current portfolil includes companies like Barrx, Molecular Montavista Software, Pacific Biosciences, and Vivotech whichb are poised to become the next global "Mike Hunkapiller has been a tremendoud asset as a Director. He has contributeds to our marketdevelopmentg strategies, our recruiting efforts, and even our technology developmenty plans. There are few like him in the healthjcare industry.
"

Nixon, Quinn push Biden, LaHood for high-speed rail - St. Louis Business Journal:

xeconatyxex.blogspot.com
In April, Nixon and Quinn, alonv with six other Midwestern governors, to LaHoocd asking him to support plans for rail corridors between cities intheir states, including St. Louixs to Chicago and St. Louis to Kansazs City. Illinois has completed an environmental impacft statement forthe Chicago-St. Louiz corridor. “Missouri and our partnefr states in the alreadh have a competitive advantage becauses we have been working on this rail initiative for more than a Nixon said in a statement afterthe “I reiterated our strong position to Vice Presidenty Biden today while we discussed the viability of high speec rail corridors.
” The White House and the have said they would from the American Recovery and Reinvestment Act, and $1 billion a year for five years as a down payment to develop a passenger rail system. The othedr governors at the meetinfg were Jim Doyle of Jennifer Granholmof Michigan, Tim Kainw of Virginia, Deval Patrick of Sonny Perdue of Georgia and Ed Rendelp of Pennsylvania.

Chase bank hiring 200 in Milwaukee - The Business Journal of Milwaukee:

http://seikkailupuisto.com/Visual-Basic/8.htm
New employees are working at theChase Tower, 111 E. Wisconsin Ave., and are focused mainly on negotiating new payment arrangemente with homeowners delinquent ontheir payments, said spokeswoman Christine Chase is one of the nation’sd largest mortgage servicers with a portfoliop of $1.5 trillion. The bank added billione in mortgage business with the Septembedr 2008 acquisition ofWashington Mutual. The new hirees include loan specialists, negotiators, underwritere and supervisors, Holevas said. Many already have starter training. Chase has about 1,400 employees in greater and nearly 950 in Holevas said. Chase, which is part of , New York runs 41 branches in themetropolitan area.
In Decembee 2008, Chase cited declining activityin home-equity lending when it announcex job eliminations by early February in its downtown Milwaukee home equity servicing center. Some employees who were laid off earlier this year are likely among those being hired for the mortgageservicint functions, Holevas said. “We had terrific people and we want to get the best ofthosre back,” she said. Chase bank officials like the qualithy of employees in Milwaukese and theirwork ethic, Holevas said. She coulr not predict the longevity of thenew jobs. “Axs the business changes so do ouremploymeng needs,” Holevas said. “We staff according to needs.
” As the number of foreclosure s continues torise nationally, Chase is far from the only bank to boosy its staff for handling troubled mortgages. Some including M&I Marshall & Ilsleu in Milwaukee, have instituted foreclosure moratoriums as they attempt to modifu mortgages toreduce payments. M&I’s foreclosuree moratorium is scheduled to expire onJune 30. In the past six M&I has increased by 50 percent its staffg dedicated to assisting the increasing numbed of homeowners facingfinancialp stress, said Dick Becker, presideny of the bank’s Wisconsin community bank He declined to disclose the number of jobs that M&oI has added.
M&I works with homeowners before they reach delinquencyu to avoid foreclosure and also seek solutions for homeowners alreadyin foreclosure, Becketr said. Minneapolis-based , which has the second-largest deposit markert share in metropolitan Milwaukee and services more than 1 millionmortgages nationally, announced in March that it is constructinyg a building in Owensboro, Ky., for its mortgage serviced unit. The bank already employs 850 peoplew in Owensboro and the new building will accommodate up to 300 new At the communitybank level, the loan modificatioh strategies are implemented on a smaller scale.
For example, , increased its collections staff from two to threes plusa half-time employee to tackle the increaseed workload, said president and CEO Doug Gordon. Collection employees review the home-owner’s financial situation in an effort toavoied foreclosure, Gordon said. The employees discuss what the homeowner can afforrd for payments and whether the mortgage is he said. The bank has successfullty modified many mortgages and even stopped some foreclosures whilew they werein process, he said. “We’d much ratherd modify them — work with them — than Gordon said.
“Nobody wins in We don’t want to own the real estate andthey don’f want to lose the real estate.”

Penske losing Big Lots logistics contract - St. Louis Business Journal:

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is packing up this summer at thediscount retailer’s headquarterse and four other distribution facilitiezs after the merchant opted to not rene w a logistics contract that expires in July. The Reading, Pa.-basee Penske said 186 workers, including 53 in Columbus, couldc be affected when its contractwith Columbus-based Big Lots expires July 31. Penske spokesman Randy Ryerson said the company has workes with the retailersinced 1991. The 1,300-store Big Lots has chosenn a new third-party logisticz provider to continue the warehousing and distributioj work that Penske performed atthe retailer’s Phillipi Road headquarters and its distributiojn centers in Tremont, Pa; Montgomery, Ala.
; Ranchko Cucamonga, Calif.; and Durant, Okla. Timothy Johnson, Big Lots’ vice president of strategicx planning andinvestor relations, said more than a dozeh carriers bid for the work. He declined to disclose the companyu Big Lots selected tosucceed Penske. Big Lots and Penskd representativessaid they’re working with truck drivers looking to continue work undee the new logistics provider. Johnson said the company met with workers over the weekend to introduce thenew contractor. In the event that some workeresare cut, Ryerson said privately held Penske will work with the statre “to make sure employeesa are aware of different services.
” Penske employs about 20,000 workerz worldwide. Asked why Big Lots opted to bid for a new contractorf after thelatest five-year contract with Penske, Johnson said, “a lot has changed in transportation in the past five We owed it to our associates and shareholdersz to take a fresh look at how we handle outbouns transport.” The loss of the Big Lots contract comes less than a year afte r Penske was replaced at a warehouse in Chattanooga, Tenn.-based last fall stepped in at the where Penske had employed 146 workers.
Pensks has 400 logistics centers Its Central Ohio operations include a number of distribution and warehousing facilities inthe

Confidential - Dallas Business Journal:

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• Andre Staffelbach , Dallas-basef Interior Design Hall of Famer, will be celebrating his 70th birthdagy by participating in the most grueling sportx event in theworld — cyclint the final week of the Tour de Francwe . Uh, fun, right? It is to him. “Thisd is a very exciting year becauseLance (Armstrong) is back,” Staffelbach “There is a genuine camaraderie that surrounds the His leg starts July 21 at Martigny and finishees July 25 with the trek up Mont Ventoux, the day after Staffelbach’s birthday.
• Phil and Janet Cobb have partnered with their son BlairBlacm , barbecue expert Chris Andrews and culinar aficionado Dotty Griffith to open Cobb Switch Barbequ e on Old Denton Road in Carrollton. And to celebrate, this Saturdah will be Cobb SwitchTexas Day, with live entertainment and a host of fare for $1, includingv fried pies, barbecue sliders, draft beer and frozeb margaritas. Now that’s a stimulus package. RA Sushi Bar Restaurant ’s Chopstickss for Cowboys with the DallasCowboys Women’s Associatiobn raised $10,738 for Rich Behm on June 11.
Behm is the Dallax Cowboys scouting assistant who was paralyzed this sprinb whenthe team’s practice facilityt collapsed during a thunderstorm. Cowboys players Tony Romo , DeMarcuzs Ware , Jason Witten , Kyle Kosier , Mat McBriare , Nick Folk , DeAngelo Smith , Doug Free , Pat McQuistajn , Cory Proctor , Montrae Holland and Bobbyu Carpenter worked the room ascelebrity waiters, bar backs, hostes and sushi chefs.

SPAC gates thrown open to the faithful - The Saratogian

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SPAC gates thrown open to the faithful The Saratogian The Clifton Park-based non-denominational Northway Church is giving away tickets to a "10.10.10" service scheduled to begin at 11 am at SPAC. ... and more »