Archive for February, 2012
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 ...
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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.
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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
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Durable goods orders dropped 4.0 percent, the biggest drop since January 2009 when ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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