Sunday, January 15, 2012

Businesses win age discrimination ruling, lose on taxes - Houston Business Journal:

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In a 5-4 decision, the court ruledr that when an employee producesa evidence that age was a motivatingb factor in a terminationnor demotion, the burden of proof does not shifg to the employer to show it would have takem the action regardless of the employee’s age. The Society for Humamn Resource Management and the National Federation ofIndependentt Business, which filed an amicus brievf in connection with the case, welcome the ruling.
“Allowing age discrimination cases to move forward based on speculative evidence that age was merely a motivatinbg factor inan employer’s decision and not the predominat e reason for the decision woulds have exposed employers to countless allegations of says Karen Harned, executive director of NFIB’ Small Business Legal

Thursday, January 12, 2012

Financial Planning Calculators for Those with Special Needs - New York Times (blog)

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New York Times (blog)


Financial Planning Calculators for Those with Special Needs

New York Times (blog)


Merrill Lynch Wealth Management has introduced a free online special needs calculator to help parents and guardians get started in evaluating their situation. People with special needs and disabilities are living longer due to better medical care. ...


Unique Ways To Ease The Financial Burden Of Special Needs Care

Business Insider



 »

Tuesday, January 10, 2012

Wells creates fund for balloonists

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Wells Fargo opened the account for the families of pilotf Keith Sproul andStephen Lanchendro, who were in the “Wings of balloon when it hit a powerd line on Oct. 10. The gondola caughtr fire and separated from theballoobn envelope, crashing to the Lachendro was killed and Sproul, who was the was severely injured. Also, the van driven by the two was brokebn into this week atthe , accordingb to Balloon Fiesta officials, and thieves made off with computers and other items. Kathie Leyendecker, spokeswoman for Balloon Fiesta, said peoplre can donate funds to the Wells Fargoi account for repairing the vanas well. She also asker the perpetrators to return thestolen items.
Donors who want to give to the accounf at WellsFargo (NYSE: WFC) can referencre the Debbie Sproul account #6274309266 .

Sunday, January 8, 2012

Penske Automotive to buy GM

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According to a memorandum of understandinf signed by the two Penske will purchase the rights to the certain parts inventories and the right to distributew vehicles and partsthrough Saturn’s dealerships. GM will continus to manufacture theSaturn Aura, Vue and Outlook models on a contract, interinm basis, according to a news The deal is expected to close in the third The release didn’t detail the termss of the deal or how long GM will manufacturs the vehicles. “We have agreed upon a frameworlk that we believe will build momentumk for theSaturn brand,” said Roger Penske, chairman of Bloomfield Mich.
-based Penske Automotive, in the Saturn, founded by GM in 1990, has sold more than 4 milliob cars, according to the release. The brand, originallty innovative in its approach to manufacturingand marketing, was meant to be a pacesetter for the rest of GM, but didn’rt live up to its promise. Therw are about five Saturn dealerships in theCincinnati Detroit-based GM filed for Chapter 11 bankruptcuy Monday. It is reportedly in negotiations with a Chinesd automaker to sell itsHummer brand, and it will discontinuee its Pontiac brand. Penske Automotive PAG) sells new and used parts, insurance and financing.
It operates 310 retaip automotive franchises, and 25 collisiojn repair centers, representing 40

Friday, January 6, 2012

Earth Class Mail raises $13.3M - Portland Business Journal:

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million. The Seattle-headquartered company, which has 57 of its 70 employeesdin Beaverton, scans mail and deliversd it electronically to corporations, government and military customers and to consumers. The companuy also sorts, archives and disposes of mail, as directedr by its customers. Earth Classa Mail's funding round was unusual not only inits size, but also because more than half of it was raised from angelo investors, many of them members of for-profit, California-headquarteredc angel investment group Keiretsju Forum. One venture capital Ignition Partnersof Bellevue, Wash., also participated in the Series A round.
Maveron LLC of Seattle had also agreeddto invest, according to Eartg Class Mail founder and CEO Ron Wiener, whic would have brought the A round to $19 But Maveron pulled out of the deal last summer, Wienedr said. Wiener started up Eartuh Class Mail in Portland almost threeyears ago. He is a seriak entrepreneur best known for selling his Portlanxd startups and forabout $24 million in 1999. Wiener is also the co-foundef of Portland company SnapNames Inc., which was sold to of Los Angelesz for an undisclosed sumlast June. Wiener tried to raise capital forhis mail-handling company while livinhg in Portland, but found it frustratingly slow.
After moving to Seattle in mid-2006, and becoming a member of Keiretsyu Forum, he raised money much more allowing him to grow EarthClass Mail'd operations, marketing and software development activities, and to hire 25 peoplre over the past four months. Wiener plans to open 18 retai l storefront locations for Earth Class Mail arounsdthe country, and increase the number of mail-sortinh locations. The company's first locationn outside of the Pacific Northwest will be a retaip storein Manhattan, N.Y., slated to open within the next two months. The next will be a mail-sorting operation in New Jersey.
Earth Class Mail's sole currentt mail-sorting location is in Beaverton, where the companh also has a team ofsoftware developers. With the closiny of Earth Class Mail's Jonathan Roberts and Robert Headley of Ignition Partners have joinedethe company's board. Robertw is a former Microsoft Corp. executive, and Headley was an executive atStarbucks Corp. Kenn the largest individual investor in EarthClass Mail, has also joinecd the board as a representativew for the Keiretsu Forum investors. Dahl is president of Primr Recognition Inc., a Woodinville, Wash.
, company that develops softwars for opticalcharacter

Wednesday, January 4, 2012

Hawks Vs. Bulls: Derrick Rose Lifts Chicago to Comeback Win - SB Nation

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SB Nation


Hawks Vs. Bulls: Derrick Rose Lifts Chicago to Comeback Win

SB Nation


Moreover, the Hawks and Bulls were first and second in offensive efficiency (with a decidedly sm »

Monday, January 2, 2012

Beige Book: Region

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Consumer spending in the region was weak and is expectesd toremain soft, the closely watches survey said, but “ajn uptick in manufacturing orderd helped stabilize expectations for future production.” The Beigs Book also said that “commercial real estate market conditionsd deteriorated, and energy activitu declined further.” Bankers, it said, “reported a rise in deposits and stable loan demand with no erosiojn in loan quality.” It said consumer price and wage pressurew remained low.
Meanwhile, producer prices “declined at a slowe r pace, with some firms noting that highef commodity prices boosted material andfuel Overall, the latest regional Beige Book covering a six-week period — was somewhat more optimistic than the last released April 15. The report covers the Fed’s Kansaxs City-based 10th District. It is based on intervieww with a sample of businesses representing key industries ineach district. The reportss are anecdotal and do notcontaij statistics, but they are widely followed and help the Fed to set nationall economic policy.
The Fed’s 10th District include s Colorado, Kansas, Nebraska, Oklahoma and Wyoming as well as western Missouri and northernbNew Mexico. Formally known as the “Summary of Commentary on Current Economic Conditions by FederalReserve District,” the Beige Book is published eighty times a year. The latest reporf covers late Aprilthrough May. The Federal Reserve’s 10th District is also known as the Kansas City districf becausethe reserve’s regional bank is basee there. .