Archive for February, 2012

Democrats: Lottery growth weakens cuts argument – Chattanooga Times Free Press

Wednesday, February 29th, 2012

later said the lottery's revenue growth isn't enough to deter her from moving ahead with the measure. Scholarship demands still exceed revenues, she argued. "We are very fortunate that we have enough reserves right now to carry us a few years ...

Couple finally gets $50M lottery win – CNEWS

Wednesday, February 29th, 2012

TORONTO — JoAnn and Gaetan Champagne have already started living the lottery dream with the purchase of a new home ... “We couldn’t believe it was us ... We didn’t realize it was the big win,” said Gaetan.

Record lottery sales weaken case to cut scholarships, Berke says – Chattanooga Times Free Press

Wednesday, February 29th, 2012

NASHVILLE — A new state lottery report that shows record sales undercuts arguments ... “We are very fortunate that we have enough reserves right now to carry us a few years, but you cannot keep spending more than you’re taking in ...

Record lottery sales weaken case to cut scholarships, Berke says – Chattanooga Times Free Press

Wednesday, February 29th, 2012

NASHVILLE — A new state lottery report that shows record sales undercuts arguments ... “We are very fortunate that we have enough reserves right now to carry us a few years, but you cannot keep spending more than you’re taking in ...

Record lottery sales weaken case to cut scholarships, Berke says – Chattanooga Times Free Press

Wednesday, February 29th, 2012

NASHVILLE — A new state lottery report that shows record sales undercuts arguments ... “We are very fortunate that we have enough reserves right now to carry us a few years, but you cannot keep spending more than you’re taking in ...

300 blue-collar workers idled at American Axle

Wednesday, February 29th, 2012

American Axle & Manufacturing Inc. has laid off 300 blue-collar workers from its manufacturing complex at I-75 and Holbrook along the Detroit–Hamtramck border. The workers were idled Feb. 25 when the American Axle’s labor agreement with the United Auto Workers ran out. Negotiations between the company and union have stalled and ...

Hewlett-Packard Cutting 275 WebOS Jobs

Wednesday, February 29th, 2012

Hewlett-Packard Co. (HPQ), the world’s biggest personal-computer maker, is cutting 275 engineering jobs and other positions at its WebOS business, part of a plan to turn the operating system into open-source software. The move follows the company’s announcement on Dec. 9 that it will release WebOS under an open-source license, letting ...

Abound Solar halts production, cuts 180 jobs

Wednesday, February 29th, 2012

A Colorado-based solar module maker said Tuesday that it was suspending work on its first-generation models and laying off about 180 workers as the company focuses on a more efficient product. Abound Solar hopes to rehire the laid-off employees in six to nine months, after it retools equipment and manufacturing processes ...

1,115 Jobs To Be Eliminated at Jackson Health System

Wednesday, February 29th, 2012

Jackson Health System’s CEO announced Tuesday that his organization is laying off 920 staffers and eliminating another 195 vacant positions to give the organization the “rock-solid foundation” it needs as he right-sizes it. Carlos Migoya said Jackson will also create about 350 new part-time jobs so it still maintains “the proper ...

Teens Getting Jobs To Help Their Families Make Ends Meet

Tuesday, February 28th, 2012

Born out of necessity in this brutal economy there is now a different type of child support. This one involves teenagers looking for work in record numbers — trying to help their parents make ends meet. But it’s easier said than done. The most recent numbers from the labor department show ...

Forget $5 gas, the new worry is $6 gas

Tuesday, February 28th, 2012

GasBuddy analyst Gregg Laskoski tells CultureMap that the current strife in the Middle East could push gasoline prices considerably higher than $5 a gallon. "The wild card is that we don't know when or if there will be a peaceful resolution between Israel and Iran," he says. "Secretary of defense Leon ...

IBM layoffs now top 1,000, says union rep

Tuesday, February 28th, 2012

IBM has laid off 1,098 employees in cuts that started Monday, according to union organizer Lee Conrad. That layoff figure is for the entire company. Conrad, who works for Alliance @ IBM, Communication Workers of America, isn’t sure how many of the cuts were at the technology giant’s operation in Research ...

Lotto jackpot winner’s wife wants part of prize – marshfieldnewsherald.com

Tuesday, February 28th, 2012

SHELBYVILLE, Ind. (WTW) — The estranged wife of the winner of a $15.9 Hoosier Lotto jackpot lump sum payment wants a portion of the winnings for her and the couple's two children. The attorney for Ericka Prather of Shelbyville told WRTV-TV for a story ...

State Lottery Considers Game That Generated $144 Million In Sales For Georgia – digtriad.com

Tuesday, February 28th, 2012

Keno is one of the oldest lottery games around. It's centuries old, but only 14 states including the nation's capital have it. The closest to us is Georgia. The Georgia Keno game happens every 4 minutes. That's different from other number picking games ...

Lotto jackpot winner’s wife wants part of prize – Indianapolis Star

Tuesday, February 28th, 2012

SHELBYVILLE, Ind. (WTW) — The estranged wife of the winner of a $15.9 Hoosier Lotto jackpot lump sum payment wants a portion of the winnings for her and the couple's two children. The attorney for Ericka Prather of Shelbyville told WRTV-TV for a story ...

Government Wasting ‘Tens of Billions’ of Dollars Annually on Duplication, Overlap

Tuesday, February 28th, 2012

Duplication and overlap in dozens of areas of government is wasting "tens of billions of dollars annually," a new government report shows. According to the Government Accountability Agency's 2012 annual report, nearly every department of the Executive Branch has room for improvement. The report, which gives 51 areas and recommends 130 ...

Home Prices Tumble to 2002 Levels

Tuesday, February 28th, 2012

Home prices fell in December for a fourth straight month in most major U.S. cities, as modest sales gains in the depressed housing market have yet to lift prices. The Standard & Poor's/Case-Shiller home-price index shows prices dropped in December from November in 18 of the 20 cities tracked. The steepest ...

Durable Goods Demand Falls Most in 3 Years

Tuesday, February 28th, 2012

New orders for U.S. manufactured goods fell in January by the most in three years as demand fell across the board from machinery to aircraft, suggesting the economy started the year on weaker footing than expected. Washing Machines Getty Images Durable goods orders dropped 4.0 percent, the biggest drop since January 2009 when ...

IBM layoffs under way, labor union reports

Tuesday, February 28th, 2012

IBM is going through another round of layoffs that could last all day and into the week, according to a labor union trying to represent the company's workers. The IBM Union Alliance in New York state, where IBM is based, began receiving calls and emails from IBM workers this morning. The ...

Mr. Paperback to close 10 stores

Tuesday, February 28th, 2012

Mr. Paperback is closing, leaving 80 people jobless. A sister company, Magazines Inc., is being bought, but its 40 employees will also be laid off. Company officials informed employees Wednesday that both Mr. Paperback and Magazines Inc. will close by the end of April, according to the Bangor Daily News. Penny ...

Elpida files for bankruptcy

Tuesday, February 28th, 2012

Computer chipmaker Elpida Memory Inc. filed for Japan's largest manufacturing bankruptcy Monday after amassing debts from nose-diving prices, competition from Samsung and flooding in Thailand last year that stifled demand. Elpida, the only manufacturer in Japan to specialize in DRAM chips used in mobile phones and computers, reported debt of 448 ...

SunCor Development files for bankruptcy

Tuesday, February 28th, 2012

Pinnacle West Capital Corp. subsidiary and once-prominent local developer SunCor Development Co. has filed petitions in U.S. Bankruptcy Court as a final step toward dissolving the company and its remaining subsidiaries. Tempe-based SunCor Development's board of directors signed a resolution Friday authorizing the voluntary bankruptcy filing, which includes 17 SunCor subsidiaries. Those ...

American Airlines cuts 2,800 jobs in Tulsa

Tuesday, February 28th, 2012

Tulsa's Channel 8 has learned that the layoffs looming for Tulsa's American Airlines maintenance base will be worse than the airline's parent company initially estimated. On a conference call Monday morning, it was learned that instead of 21-hundred jobs being targeted in Tulsa, the number is instead 28-hundred. Tulsa currently has ...

NC lottery panel getting in the know about keno – Mansfield News Journal

Tuesday, February 28th, 2012

RALEIGH, N.C. (WTW) — North Carolina's state-run lottery officials saw a test run Tuesday of a new game billed as amusement for tavern and sports-bar patrons that some say could bring in more money for education programs. However, gambling opponents ...

Lottery money not coming in as local school budgets hurt – WTKR

Monday, February 27th, 2012

Beach superintendent Dr. James Merrill was asked about where the lottery money was going. In 2009, Beach schools got $10 million for construction and improvements, but no longer. "That has gone to zero for us in the last three years. And we also ...

POLL: Vast majority say rich already pay fair share

Monday, February 27th, 2012

Three-quarters of likely voters believe the nation’s top earners should pay lower, not higher, tax rates, according to a new poll for The Hill. The big majority opted for a lower tax bill when asked to choose specific rates; precisely 75 percent said the right level for top earners was 30 ...

96-yr-old Shell plant to close operations

Monday, February 27th, 2012

Shell Oil Co. plans to close its oil blending and packaging plant in Roxana, where Shell began operations in 1918. A company spokeswoman says the Wood River Blending Plant is closing because it needs major upgrades and because it is on property Shell doesn't own. The closure of the Shell Lubricants site ...

HearthStone Homes Files For Bankruptcy

Monday, February 27th, 2012

One of Omaha's largest homebuilders, HearthStone Homes, filed for chapter 11 bankruptcy protection Friday afternoon. "We felt it was the best thing for us to do," company vice president Scott Kinkaid said. A deal to sell the company to a new owner fell through midday Friday, he said. "I'm not able to say ...

General Dynamics laying off 155 people

Monday, February 27th, 2012

Following a careful assessment of the operations and ongoing requirements of the business, General Dynamics has determined that it is necessary to reduce the size of our work force at the business formerly known as Force Protection. Employees are being notified this week. Approximately 155 employees are affected. The ...

IBM may cut thousands of jobs this week

Monday, February 27th, 2012

Job cuts are underway at IBM, workers and the union seeking to represent Big Blue workers are saying. Based on the amount of information being sent directly to union officials, they estimated that “at least seven to eight business units” are being “hit” and that the job cuts could “build up ...

Gas prices climb for 20th day

Monday, February 27th, 2012

Gas prices continued their march toward $4 on Monday, rising for the 20th day in a row. The nationwide average rose to $3.70 a gallon, up one cent from a day earlier, according to the motorist group AAA. Only a month ago, the nationwide average was $3.41 a gallon. Average prices for ...

U.S. water bills to triple

Monday, February 27th, 2012

First high gas prices, now water. A shocking new report about the nation's crumbling drinking water system says that Americans should expect their bills to double or triple to cover repairs just to keep their faucets pouring. That means adding up to $900 a year more for water, nearly equal ...

U.S. Credit Card Debt Nears Toxic Levels

Monday, February 27th, 2012

More American households are falling back into the debt hole, this time without the safety net of home values to help bail them out, the New York Post reported Sunday. Last year, total US consumer debt reached its highest point in a decade, according to a credit card industry observer. "Now more ...