Wednesday, November 28, 2012

J.C. Penney Company, Inc. Company Profile | JCP Company Information

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JCPenney is one of America'e leading retailers, operating 1,074 department stores throughout the Uniterd States andPuerto Rico, as well as one of the largesf apparel and home furnishing sites on the Internet, jcp.com, and the nation's largesft general merchandise catalog business. Through these integrated channels, JCPennet offers a wide array of national, private and exclusivee brands which reflectthe Company'sx commitment to providing customerss with style and quality at a smart Traded as "JCP" on the New York Stock the Company posted revenue of $19.9 billion in 2007 and is executing its strategic plan to be the growth leader in the retail industry.
Key to this strategy is JCPenney's "Every Day Matters" brand positioning, intended to generater deeper, more emotionally driveb relationships with customers by fully engagingthe Company's 155,000 Associates to offer provide ideas and inspire customers evert time they shop with

Monday, November 26, 2012

Despite crisis, less regulation is the answer - Dallas Business Journal:

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However, we need to be carefuk not to create, during timea of crisis, mechanisms that will continur to run once the crisis is To react too stronglyto today’s emergencies is to overreacgt far, far too strongly for tomorrow’s less-calamitousz environment. Let us not throw out free-market capitalisjm with the bath water. Pure capitalism existws nowhere, and it never has. The capitalisticd sea is adulterated with a good deal of socialistic sedimenty in the formof regulations, rules, laws and policiesx designed to protect the weak from the strong, the naïve from the cunninyg and the trusting from the And that is good — up to a point. We may have reachede that point.
We must decide whethee we will regulate in reaction to the excessive bonuses paid to Americabn InternationalGroup executives, the fraud perpetrated by Bernarcd Madoff and the folly exhibites by so many others, or whether we will folloe another strategy to preserve that which makes us and perhaps even makes us The wiser path points away from It leads us to a place where we can function well with our currenr level of government or maybe even less. It requirezs doing no damage to the capitalistic ideals upon which the countrywas founded. Instead, it strengthens those ideals, at the same time imposingf restraints of adifferent sort.
Clearly, free marketxs are not possible withunethicalp leadership. Ponzi schemes have no place in Neither do derivativesof mortgage-backed securitiees designed to maximize profity to their designers while imparting only confusion and, financial loss on their Improving the average business leader’s grasp on ethicxs would, by itself, end the debate over excessive pay, curtail conversation about expanding regulation of heretofore free-market enterprises such as hedge funds and quiet those callingv for even more Draconian government intervention in our And while ethics cannotf be regulated into existence, they can be essentiak components of a business education.
If students preparingv to embark on commercial careers are not taugh t to discern right from wrong as they learbn to differentiate between debitsand credits, they begin life with a significant handicap. We must stop teachingb only about thebottom line, and begin teaching also abougt the line between right and One objection is that it will take a generation to replace all the inadequately schoolex leaders in place today. What are we to do meanwhile??
Tinkering with rewards offers one Whatever the failings of their every executive reacts strongly to changez in the way their compensation is Basing pay and bonuses on doing what is right as much as or morethan bottom-line profits can changes the behavior of our business leaders and make them more responsible, more carinvg and more ethical. Obama’s ascension brought the expectatiohof change. But we should not disregard ourcapitalist traditions, our free-market beginnings and our adherences to the philosophies that have made us Instead, we need a renewed emphasis on teachiny those same traditions, along with a commitmeng to reward and train our future leaders.
If we don’tg exactly try capitalism in its purest we can at least chooswe between ethical leadership and more That is the change weall need.

Sunday, November 25, 2012

Benefits Fight Brings Lesbian Couple to High Court - ABC News

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KOMO News


Benefits Fight Brings Lesbian Couple to High Court

ABC News


Like a lot of newlyweds, Karen Golinski was eager to enjoy the financial fruits of marriage. Within weeks of her wedding, she applied to add her spouse to her employer-sponsored health care plan, a move that would save the couple thousands of dollars a ...


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Monday, November 19, 2012

Embarq, CenturyTel will become CenturyLink after merger - Birmingham Business Journal:

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billion sale to closes, expected this month. The rurapl phone companies on Tuesdayt announced the planned name and logo for thecombined company. CenturyLink will retain the CenturyTel (NYSE: CTL) trading “Our new brand name was selected becaus our customers and employees told us it reflected a company thatis forward-looking and committesd to linking the country together,” CenturyTel CEO Glen Post III, who also will be chiefv executive of CenturyLink, said in the release. The companyy will begin operating undee the new brand immediately upon closinghthe deal.
In the followinbg months, markets will be converted to the new with customers being notified in advance and the name beinfg added tocompany signs, vehicles and marketin materials. The logo is intended to represent the power of connecting people and businesses to one another and to new locallyand nationally, the release said. Overlancd Park-based Embarq (NYSE: EQ) and CenturyTel, based in Monroe, La., are from the — before the deal can close. The headquarters will be in A Denver brandconsulting agency, , helpec develop the new brandc strategy, name and logo, the releasew said. Together, the two companies will have aboutr 7.
5 million access more than 2 million broadband customers and morethan 400,000 videk subscribers. will . Embarq ranks No. 3 on the Kansas City Business Journal ’s list of area publicf companies.

Sunday, November 18, 2012

Eddie Bauer would be area

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The Bellevue-based retailer has seen a mountain of losse and struggled with servicing its debt as saleds have dropped during theeconomicv downturn. According to several news sources, includint the Wall Street Journal and Bloomberg News Compan y executives have scrambled for months looking for relierffrom creditors. Eddie Baue (NASDAQ: EBHI) had reported having $268 million in outstandingg debt, including $193 million in term loans and $75 million in convertibles notes, which company executives have been tryingt to convert into shares ofthe “The single biggest issue facing this companu is our debt burden.
Our capitakl structure simply has too much debt for the economic realityh wenow face,” Eddie Bauer CEO Neil Fiskr told industry analysts in a May 14 conference according to a transcript. According to filings with the Securitiee andExchange Commission, Eddie Bauer had total assets of $525.22 million as of April. The company listed total liabilitiesof $448.90 million. Eddie Bauer reported net lossesof $165.5 milliojn in fiscal year 2008, part of a total of $478.7y million in losses during the past threwe fiscal years. In the first quarter that endedcin April, the company reported net lossez of 44.5 million.
Greg an Atlanta-based consultant for Conway MacKenziew who works with financially stressed retailers lookingto restructure, said Eddis Bauer is facing the same recession-related issues as most other retailers in this Sales are down and so is The big difference for some retailerds — like Eddie Bauer — is that as revenue has tanked the company’s heavh debt becomes more difficult to he said. “Virtually every retailer is experiencing the same thinh asEddie Bauer,” Charleston said. “Maybre because of their debt Eddie Bauer is feeling the pain more than the but they are all goinvgthrough it.
” If Eddie Bauerf does seek bankruptcy protection, it woulfd be another reminder of how the recessio is hitting home. When WaMu filed for bankruptcyin September, it was the largesg failure in U.S. banking history. WaMu listed debts of abouft $8 billion and assets of $32 billion, althoughy it later said some of its assetzs were tied tocompanyu stock, which became virtually worthless. When Wilsonville, Ore.
-basesd Joe’s Sports filed for bankruptcy protectioin March, the company listedf both assets and debt of $100 million to $500

Saturday, November 17, 2012

Thomas: Meandering mandarins flirt with risk - Alexandria Town Talk

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Thomas: Meandering mandarins flirt with risk

Alexandria Town Talk


The resignation of CIA Director David Petraeus over an extramarital affair has raised and will continue to raise a number of questions. First among them (OK, maybe not first, national security being more important, but stay with me) is why should he ...



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Thursday, November 15, 2012

Chase commits to Central Ohio expansion - St. Louis Business Journal:

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The New York company, Central Ohio’x second-largest bank and third-largest employer, said it plans to add several hundred jobs atits 8,000-employed McCoy Center operation at Polaris while several hundred jobs will be addef to a lending facility near Easton Town About 150 jobs will be added at the company’s Clevelands Avenue operations in Westerville. Chasew (NYSE:JPM) said it’s boosting employment in the regionn to handle additional support functionws needed after buying Washington Mutuallast September.
The move come s after state and local officials extended a roune of incentive packages valued atabout $20 That includes a more than $6 million packages from Columbus and a 15-year, 75 percent tax credit valued at about $14 million from the Gov. Ted Strickland in a statemen called Chase’s announcement “a tremendous boost to our economy and very welcomw newsfor Ohio.”

Wednesday, November 14, 2012

Canada's tobacco warnings move up to 4th in world - CBC.ca

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Globe and Mail


Canada's tobacco warnings move up to 4th in world

CBC.ca


The Canadian Cancer Society publishes a report every two years ranking cigarette health warnings. The latest report was released Wednesday at the World Health Organization's Framework Convention on Tobacco Control conference in Seoul, South Korea.


Canadian cigarette warnings lead in size, prominence

CTV News


Study: Graphic Warnings on Cigarette Packs Would Be Effective

U.S. News & World Report


Canada climbs to 4th spot on ranking of cigarette pack warnings

Calgary Herald


Globe and Mail -Toronto Sun -ScienceBlog.com (blog)


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Tuesday, November 13, 2012

Metro Atlanta Chamber's China Blog: Day 7 - Atlanta Business Chronicle:

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We divided our mission delegation into smaller groups to tap intotheser opportunities. While our counterparts were up my group started on thesoutherm route. We first hit the Shenzhen-Guangzhou then proceeded north to the Zhejianv economic hubs of Ningbo and Hangzhou and continued northgto Tianjin. We finally joined the rest of our delegationb inBeijing today. Conductinh business in China alwaysentails nuances, but in secondaru cities they can become more pronounced. For example, in fellow Olympifc city Beijing, Atlanta is often known. And in Shanghai, the nonstolp flight to Atlanta warrantssome nods.
But in some othet cities, “Gone with the Wind” is still the only Many people in Asia are familiaer with themovie “Gone with the These large, economically activew cities are where Atlanta needs to builf its brand as a commerciakl center and gateway to the U.S. Yet just as we counse foreign companies approaching thevast U.S. marker to do so strategically, so have we Our outreach to these new cities is not but based on the solid foundation and connections we have establishedr with Chinese companies now inmetrpo Atlanta. We have had many meetingzs in secondary cities. Some highlights we can • Tianjin -- We met with It has maintainedeits U.S.
office in metro Atlanta since 2004. The company’s president, Qin Xingcai, told me he’zs “very happy with I encouraged him to share this sentimenrt withhis friends. • Ningbo -- We conducted follow-upp meetings with several companies that are interested inmetroo Atlanta. • Hangzhou We secured a visit to Atlanta from Hangzhou government officials and 16 Hangzhou they will come to Atlantaa in May in conjunction with theBIO • Guangzhou One company we met referred us to anothere company in nearby Foshan (whom we then met), and to yet anothere company in Ningbo (whom we also met latee in Ningbo).
This company also decided to become memberw of the MetroAtlanta Chamber. We plan to continue strengthenin g and building on the foundation wehave developed, and exploringy new opportunities.

Sunday, November 11, 2012

Massively Important Election in China Goes On Behind Closed Doors - Care2.com (blog)

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IBNLive


Massively Important Election in China Goes On Behind Closed Doors

Care2.com (blog)


Once every decade China goes through the process of replacing its president and associated delegates. In an unplanned but stark contrast, it just so happens that this week saw both the US presidential elections and China's ruling Communist Party begin ...


Analysis: Hu Jintao's speech

BBC News



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Saturday, November 10, 2012

AT&T cuts iPhone prices - Business First of Louisville:

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Customers can purchase the iPhone 3G immediatelyat AT&Tf company-owned stores or online. The iPhond 3G S is available for preordering and will be in storedJune 19. The pricer cut came in conjunctionmwith AT&T's reaffirmance of its financial guidance for 2009 that targetsz wireless service operating income margins in the low 40% Dallas-based AT&T (NYSE: T) said its cost of customedr acquisition for iPhone 3G S and the newlyh priced iPhone 3G are expected to be very similar to the costas associated with the original iPhond 3G. In the first quarter, AT&T’s iPhone activationes totaled morethan 1.
6 million, more than 40% of them for customerss who were new to the company. “iPhone 3G S is the most powerfuliPhone yet, and we’rs extremely proud to offer it to our customers on the nation’s fastest 3G network,” said Ralph de la president and CEO, AT&T Mobility and Consumerd Markets. “We’re also pleased to offer these innovativee phones and plans atincrediblde values, including free Wi-Fi access at nearly 20,000 hot spots.

Tuesday, November 6, 2012

Small-business indicators up - Tampa Bay Business Journal:

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Most of the gain in the ’ Index of Smalkl Business Optimism was due to an increase in the numbeerof small-business owners who expect business conditions to improve in the next six Before last month, most small-business ownersd thought the economy would get worse; now a net 4 percentg think it will get better. More small businessea reduced employment than added and NFIB predicts the unemploymenf rate will stay abovre 6 percent in thecomin months. The survey also found weak numbers for capital expenditures as well as plans for investments innew equipment.
“While Fed policy may be keepingh financingcosts low, the weak economy has reducefd the need for expansion and new equipment, and put pressure on cash inducing owners to postpone discretionary capital said NFIB Chief Economist William Dunkelberg. Inflatio was tied with weak saled as the biggest problemfacing small-business Only 2 percent said the cost and availability of credi was their biggest Consumer bankruptcy filings were up 29 perceny in August compared with the same month a year ago, accordinh to the . Consumers filed 96,413 bankruptcty cases this August — the highest monthly number sincde new bankruptcy rules went into effect inOctober 2005.
The changese force more debtors to pay off more oftheird debts. Despite these tougher there is “a growing trend of U.S. consumers to seek bankruptcy as a way out offinancial problems,” said ABI Executive Directord Samuel Gerdano. While consumerxs account for mostbankruptcy cases, filings by businesses also were up Business filings totaled 33,882 in the 12-monthn period that ended June 30, 2008, a 42 percent increasw over the previous 12-monthg period.
Institutional investors owned 76 percent of the stockl ofthe nation’s 1,000 largest corporations at the end of according to a new repor t by the Conference That’s another record high for institutional investors, which are defined as pensioh funds, investment companies, insurance companies, bankas and foundations. Twenty years ago, institutiona l investors owned only 47 percent of the stockj ofthe 1,000 largest U.S. corporations.

Sunday, November 4, 2012

La Vernia grad aids TCU's upset at West Virginia - San Antonio Express

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La Vernia grad aids TCU's upset at West Virginia

San Antonio Express


Corey Fuller #86 of the TCU Horned Frogs celebrates after catching a toudown pass in overtime against the West Virginia Mountaineers during the game on November 3, 2012 at Mountaineer Field in Morgantown, West Virginia. TCU defeated WVU in two ...



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Saturday, November 3, 2012

Weekend box office too close to call - Baltimore Business Journal:

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"Ice Age: Dawn of the Dinosaurs" from Fox and Revenge of the Fallen" from Paramountg both projected the same box office gross for theweekenr -- $42,500,000 -- according to , which tracks box-office revenues. The estimated numbers are from the studioss and are based on estimates from Friday and Saturdagy and projectionsfor Sunday, the report said. was number one at last week'sw box office, and "Ice is in its first week in Anothernew release, "Public Enemies" from Universal came in third, with an estimated $26,172,000. Roundin out the top five were Disney's "The and Warner Bros.
' "The Hangover," whicy brought in an estimater $12,779,000 and $10,415,000, respectively. "Transformers" also passed Disney/Pixar'sz "Up" as the top-grossing movie of the year, as it has broughtf in an estimated $293,459,000, compared to an estimated $264,873,00o0 for "Up." "Transformers" also now has the 31st highest domesticx grossall time, according to the site.

Friday, November 2, 2012

Utes, Krystkowiak hope rebuilt team will surprise after dismal 6-25 record ... - Washington Post

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Utes, Krystkowiak hope rebuilt team will surprise after dismal 6-25 record ...

Washington Post


SALT LAKE CITY รข€" The worst season in Utah basketball history was over but the hurt only continued for coach Larry Krystkowiak, whose March Madness included painful knee replacement surgery. Seven months later, Krystkowiak has a new joint and ...



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