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are winding down the business and will closr for goodby summer’s end. “Wed won’t accept any equipmeng after July 3,” said Marion “Jet” Jackson, who owns the businesds with her brother, Bob. “That will give us a couple months to get everything turned around and get our partsx sent back tothe factory.” Located at 2500 Troy-Schenectadgy Road, Jackson’s Outdoor Salees has been a mainstay on the busy road sincew 1962 when Jet and Bob’ss father, Edward, got into the busineszs by accident. As the story goes, Edwars left his riding mowerr by the side of the road next to the housre one day to fetchmore gasoline.
A passer-by stopped to ask how much the machine Edward quoted aprice $100 more than he had paid himseldf for the state-of-the art He sold it, and then bought three more machinesx just like it. The business was born, and over the yearxs beat the odds stackedagainsyt family-owned companies. There were good years and leaner Gross sales havetopped $1 but in more recent yearws were $500,000 or Edward’s wife, Bea, took care of him and filled in when Bob worked full-time for his father. Jet pursuedr a career at the state Healthg Department but stayed involved in thefamily business. Aftef their father died in 1991, the brother and siste vowed to continue running it for10 years.
Now, 18 years later, they’ve decided the time has come to make a Sales have slowed because of the but Jetsaid that’s not the reason for the “I’m 60, my brother is 55,” she said. “It’ s time to retire.” They put the businesas up for sale in Januaruy and will continue considering purchaswe offers afterit closes. But the lawn mower business isn’t for and the need for displagy and storage has outgrown the size of the lot in theresidentiak area. If someone buys the business, it would have to be mover to adifferent location, Jet said. One of the hardestf parts about closing will be not seeinb their regularcustomers anymore.
“People come in here and sit down on the stoool and read the newspaper while we do somethinvfor them,” Jet said. “It’s very old
Monday, July 9, 2012
Sunday, July 8, 2012
LexisNexis data breach linked to New York mob family - Sacramento Business Journal:
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The New York-based companu — which has 3,00p employees in the Dayton area — has sent 13,000 letters to former customers whosd personal data may be at the company said ina statement. The breach involveds a former customer for a companycallefd , which LexisNexis bought in and was announced by the U.S. Attorney for the Southerb District of Floridain May, according to a LexisNexisw spokesperson. “(The) customer involvede in this matter shoul d have provided notice to potentiallyaffected individuals,” LexisNexis said in a “However, because the customer is no longer in businesx we provided the notice.
” According to the — whicy includes CIO magazine and PC World — the New Hampshir Department of Justice posted a document Friday on its Web site to inform consumers about the By Monday evening, however, the link had been removed. The documeny reportedly tied aFlorida man, with mob connectionsw to the Bonanno crime family, with accessing LexisNexis New Hampshire officials could not be reached. In May, LexisNexiz announced it is part of a separate investigationn into alleged creditcard fraud, perpetrated by former customerw of the company, according to a company statement. That fraue occurred from June 2004 toOctober 2007. The U.S.
Postal Inspection Service released a statement thatsaid 40,000 letterxs will be sent to consumers and 300 victims have been identifiecd in an investigation concerning the The company was part of a similadr incident in 2005 and sent letters then to 280,000 customers who may have been victims of identity theft. LexisNexisd U.S. is a unit of plc (NYSE: the Anglo-Dutch publishing conglomerate. The companyh is an online information serviceas and publishing companywith 13,000 peoplew worldwide.
The New York-based companu — which has 3,00p employees in the Dayton area — has sent 13,000 letters to former customers whosd personal data may be at the company said ina statement. The breach involveds a former customer for a companycallefd , which LexisNexis bought in and was announced by the U.S. Attorney for the Southerb District of Floridain May, according to a LexisNexisw spokesperson. “(The) customer involvede in this matter shoul d have provided notice to potentiallyaffected individuals,” LexisNexis said in a “However, because the customer is no longer in businesx we provided the notice.
” According to the — whicy includes CIO magazine and PC World — the New Hampshir Department of Justice posted a document Friday on its Web site to inform consumers about the By Monday evening, however, the link had been removed. The documeny reportedly tied aFlorida man, with mob connectionsw to the Bonanno crime family, with accessing LexisNexis New Hampshire officials could not be reached. In May, LexisNexiz announced it is part of a separate investigationn into alleged creditcard fraud, perpetrated by former customerw of the company, according to a company statement. That fraue occurred from June 2004 toOctober 2007. The U.S.
Postal Inspection Service released a statement thatsaid 40,000 letterxs will be sent to consumers and 300 victims have been identifiecd in an investigation concerning the The company was part of a similadr incident in 2005 and sent letters then to 280,000 customers who may have been victims of identity theft. LexisNexisd U.S. is a unit of plc (NYSE: the Anglo-Dutch publishing conglomerate. The companyh is an online information serviceas and publishing companywith 13,000 peoplew worldwide.
Saturday, July 7, 2012
Longtime southwest Wichita body shop takes on $75,000 federal tax lien - Wichita Business Journal:
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The body shop, 4733 Esthner St., is locatecd just east of I-235 near Wichita’s . Owneer Larry Ortiz didn’t return calls, but K&L remains open for The company’s Web site says the Ortiz familty hasowned K&L since 1938. Michaelo Devine, spokesman for the for Missouriand Kansas, cannog comment on specific cases, but says liena are a notice to the company. “Liens protect the government’s interest to property as they attacjh themselves to any property or assets belonging to the even property acquired after the lien is he says. “Liens put creditors on notice that the government has a clai m againstthat taxpayer’s property or assets.
” Tom owner of , located a few blocks from says he is surprised to hear K&L is having tax issues. But he says the economyg has created a tough environment for body shopes acrossthe city. The cost of parts is on the and tokeep up, shops have to raise However, insurance companies aren’t always willing to matcyh the new rates. “I haven’t hearc anything bad about those guys, and I’ve seen some prettgy good work come out of that Coulter says. Coulter’s business, which traditionally has focusefon restoration, has adjusted in recent monthws to continue to be prosperous.
He is seeinb fewer $100,000 to $200,000 restoration jobs and more smallerf $15,000-$25,000 jobs. “I’m not turning any busineses away,” he says.
The body shop, 4733 Esthner St., is locatecd just east of I-235 near Wichita’s . Owneer Larry Ortiz didn’t return calls, but K&L remains open for The company’s Web site says the Ortiz familty hasowned K&L since 1938. Michaelo Devine, spokesman for the for Missouriand Kansas, cannog comment on specific cases, but says liena are a notice to the company. “Liens protect the government’s interest to property as they attacjh themselves to any property or assets belonging to the even property acquired after the lien is he says. “Liens put creditors on notice that the government has a clai m againstthat taxpayer’s property or assets.
” Tom owner of , located a few blocks from says he is surprised to hear K&L is having tax issues. But he says the economyg has created a tough environment for body shopes acrossthe city. The cost of parts is on the and tokeep up, shops have to raise However, insurance companies aren’t always willing to matcyh the new rates. “I haven’t hearc anything bad about those guys, and I’ve seen some prettgy good work come out of that Coulter says. Coulter’s business, which traditionally has focusefon restoration, has adjusted in recent monthws to continue to be prosperous.
He is seeinb fewer $100,000 to $200,000 restoration jobs and more smallerf $15,000-$25,000 jobs. “I’m not turning any busineses away,” he says.
Thursday, July 5, 2012
NZRU keeping ABs shirt sponsor talks under wraps - TVNZ
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Stuff.co.nz | NZRU keeping ABs shirt sponsor talks under wraps TVNZ The NZRU have kept their lips sealed as talks around sponsors for the ABs jersey continue. NZRU coy over » |
Wednesday, July 4, 2012
Reuters: Hank Aaron among buyers of Florida Panthers - Puget Sound Business Journal (Seattle):
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Sports Properties Acquisition (Amex: HMR-U), or SPAC, a venture that boastws Aaron as aboard member, has reportedly agreed to buy the its arena, the BankAtlantic the arena’s management firm and land, an unnamed sourcde familiar with the deal told Reuters Tuesday. A call to a representative of Aaron’s was not immediately By league rules, the deal must be approveds by 75 percent ofthe NHL's 30 teams.
, Atlantas Business Chronicle sister publication, the Southj Florida Business Journal first reportedc that SunriseSports & Entertainment was engaged in negotiations to mergew the team, its arena managementf company and rights to the real estat surrounding the arena with SPAC. Those discussions were said to include aplanned mixed-use development around the Sunrise arena. The scope of the development is reportee tobe immense: 4,800 residential units; 950,000 square feet of retaipl space; 1,450 hotel rooms, 1.85 million square feet of officees and a Broadway-style theater. Published report last August linked SPAC to a bid to buy the Chicag Cubs Major LeagueBaseball club.
The Toronto Star reported the group also has been linkede to a bid to purchasethe NHL’xs Phoenix Coyotes, a team that is currentlyu involved in bankruptcy litigation and is up for sale. SPAC’zs board includes Fred Malek, a Chicago nativw who is the founder and chairmanm of ThayerCapital Partners; Tony Tavares, a forme baseball executive with the Nationals; their predecessor, the Montreal Expos; and the then-California Angels; and former New York Gov. Marilo Cuomo, a one-time minor league baseball player.
Askexd about the perceived lean toward buying a baseballl team by Atlanta Business Chronicle inJanuary 2008, SPAC Vice Chairman Andreww Murstein, said SPAC would be “veryu open-minded to any of the sports.”
Sports Properties Acquisition (Amex: HMR-U), or SPAC, a venture that boastws Aaron as aboard member, has reportedly agreed to buy the its arena, the BankAtlantic the arena’s management firm and land, an unnamed sourcde familiar with the deal told Reuters Tuesday. A call to a representative of Aaron’s was not immediately By league rules, the deal must be approveds by 75 percent ofthe NHL's 30 teams.
, Atlantas Business Chronicle sister publication, the Southj Florida Business Journal first reportedc that SunriseSports & Entertainment was engaged in negotiations to mergew the team, its arena managementf company and rights to the real estat surrounding the arena with SPAC. Those discussions were said to include aplanned mixed-use development around the Sunrise arena. The scope of the development is reportee tobe immense: 4,800 residential units; 950,000 square feet of retaipl space; 1,450 hotel rooms, 1.85 million square feet of officees and a Broadway-style theater. Published report last August linked SPAC to a bid to buy the Chicag Cubs Major LeagueBaseball club.
The Toronto Star reported the group also has been linkede to a bid to purchasethe NHL’xs Phoenix Coyotes, a team that is currentlyu involved in bankruptcy litigation and is up for sale. SPAC’zs board includes Fred Malek, a Chicago nativw who is the founder and chairmanm of ThayerCapital Partners; Tony Tavares, a forme baseball executive with the Nationals; their predecessor, the Montreal Expos; and the then-California Angels; and former New York Gov. Marilo Cuomo, a one-time minor league baseball player.
Askexd about the perceived lean toward buying a baseballl team by Atlanta Business Chronicle inJanuary 2008, SPAC Vice Chairman Andreww Murstein, said SPAC would be “veryu open-minded to any of the sports.”
Monday, July 2, 2012
Report: Employers cut 401(k) match - Atlanta Business Chronicle:
evlampiyacyxybyw.blogspot.com
The survey of U.S. companies found that 29 percent havealready modified, or intend to the matching contribution feature in their 401(k) planw during the 2009 plan year. Two-thirds of thosew respondents — or 20 percent of all respondentx — say they will eliminats the match entirely. Sharon Whittle, Grant Thornton’s compensation and benefits leadeer forthe Carolinas, said the surveh reveals specific trends. Companies in the health care and nonprofit industrieas were less likely to make changes this she said.
Large employers and companied inthe technology, retail/trade and financial-services/bankinhg sectors were more likely to make “Companies are expecting 2009 to continue to be a challenginb year for business growth and financial Whittle said. “The impact on 401(k) plans appears to be a greatef considerationof lower, and more spending on matching contributions in order to addreses cash and profit constraints.” The survey was conductex in April, with 283 Grant Thornto clients participating.
The survey of U.S. companies found that 29 percent havealready modified, or intend to the matching contribution feature in their 401(k) planw during the 2009 plan year. Two-thirds of thosew respondents — or 20 percent of all respondentx — say they will eliminats the match entirely. Sharon Whittle, Grant Thornton’s compensation and benefits leadeer forthe Carolinas, said the surveh reveals specific trends. Companies in the health care and nonprofit industrieas were less likely to make changes this she said.
Large employers and companied inthe technology, retail/trade and financial-services/bankinhg sectors were more likely to make “Companies are expecting 2009 to continue to be a challenginb year for business growth and financial Whittle said. “The impact on 401(k) plans appears to be a greatef considerationof lower, and more spending on matching contributions in order to addreses cash and profit constraints.” The survey was conductex in April, with 283 Grant Thornto clients participating.
Sunday, July 1, 2012
Wells Fargo Advisors fined $1.4 million - St. Louis Business Journal:
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million for its failure to deliverf prospectuses and product descriptions to customers who boughgt investment products in 2003and 2004. FINRA’s investigation showed that the firm failedf to deliver the required prospectuses to customers inabout 6,000 of nearlh 22,000 transactions effected between July 2003 and December 2004. The market value of these 6,000 transactions was approximatelty $256 million.
FINRA, the largest independent regulator ofsecurities firms, said it foun d widespread deficiencies relating to the delivery of prospectuses in connection with exchange-trade funds, collateral mortgage obligations, auction market preferrer securities, corporate debt securities, preferrer stocks, mutual funds, alternativ e investment securities, equity syndicate initial publidc offerings and secondary purchases of equity non-syndicate initial publif offerings.
The firm’s failures to deliver prospectusee resulted fromcoding errors, failures by certain businesws units to notify the firm’s operations departmenft that a prospectus was required to be delivered, and a failure to monitor and supervise the activities of its outsidse vendor contracted to deliver the prospectuses. In settling this Wells Fargo Advisors neither admitted nor denied the but consented to the entryof FINRA’sd findings. As part of the a senior officer of the firm agreed to certify that the compan has adopted and implemented systems and procedureds to regain compliance withfederak regulations.
Wachovia Securities was Wells Fargop Advisorslast month, after San Francisco-based bought Charlotte, N.C.-based
million for its failure to deliverf prospectuses and product descriptions to customers who boughgt investment products in 2003and 2004. FINRA’s investigation showed that the firm failedf to deliver the required prospectuses to customers inabout 6,000 of nearlh 22,000 transactions effected between July 2003 and December 2004. The market value of these 6,000 transactions was approximatelty $256 million.
FINRA, the largest independent regulator ofsecurities firms, said it foun d widespread deficiencies relating to the delivery of prospectuses in connection with exchange-trade funds, collateral mortgage obligations, auction market preferrer securities, corporate debt securities, preferrer stocks, mutual funds, alternativ e investment securities, equity syndicate initial publidc offerings and secondary purchases of equity non-syndicate initial publif offerings.
The firm’s failures to deliver prospectusee resulted fromcoding errors, failures by certain businesws units to notify the firm’s operations departmenft that a prospectus was required to be delivered, and a failure to monitor and supervise the activities of its outsidse vendor contracted to deliver the prospectuses. In settling this Wells Fargo Advisors neither admitted nor denied the but consented to the entryof FINRA’sd findings. As part of the a senior officer of the firm agreed to certify that the compan has adopted and implemented systems and procedureds to regain compliance withfederak regulations.
Wachovia Securities was Wells Fargop Advisorslast month, after San Francisco-based bought Charlotte, N.C.-based
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