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Amazon ventures into fan fiction promotion

Fri, 24 May 2013 16:39:36 -0400

WASHINGTON - Amazon, the largest online retailer of books, movies, music and games, Friday offered its Kindle e-book platform to fan fiction authors to sell some of their work. Fan fiction is literature inspired by popular books, shows, movies, comics, music, and games. Publication outside of blogs and online fanzines is often difficult because of copyright issues. Amazon Publishing has ...

Market Report Rough ride endured by rattled retailers

Fri, 24 May 2013 21:10:44 -0400

Retailers had a tough time on the markets yesterday, with analysts sticking the knife in and investors dumping stock as the FTSE ended its month-long ...

Media Advisory - Transport Canada Advises Public On Harmony Juvenile Products Recall

Fri, 24 May 2013 21:01:51 -0400

May 24, 2013 /CNW/ - Harmony Juvenile Products has issued a recall on their child car seat, the V7 Convertible Deluxe Car Seat (Model# 0302001TNC). ...

Kailua businesses await possible sale of Kaneohe Ranch portfolio Slideshow

Fri, 24 May 2013 19:35:17 -0400

The Kalapawai Cafe and Deli is located on Kailua Road at the entrance to Kailua town. Longtime Kailua resident Gloria Garvey is among dozens of local and national businesses owners who are anxiously awaiting the outcome of a possible sale of the Kaneohe Ranch portfolio, which includes most of Kailuas town center. Click on the photo for a slideshow of Kaneohe Ranchs commercial tenants in ...

Burnsville Center gets two new shops one for adults one for kids

Fri, 24 May 2013 18:30:58 -0400

< 200){ requestedWidth = 200; } Burnsville Center is also home to some new shops. Florida-based Body Central opened its first Minnesota location at the shopping center. The trendy women's apparel brand should have everything you need for spring break -- tanks, tees and club tops. For the youngsters, P.S. From Aeropostale, featuring apparel and gifts for boys and girls ages 4 to 12, ...

Food trends from the NRA

Fri, 24 May 2013 18:06:59 -0400

Mango is showing up more than ever in everything. The NRA (calm down, Im talking about the National Restaurant Association) recently held its big show in Chicago, where more than 2,000 companies representing more than 900 product categories showed up to showcase what theyve got cooking. During this conference, lots of new food trends were spotted, many of which revolved around health and bold new ...

Food trends from the NRA

Fri, 24 May 2013 18:06:59 -0400

Food trends from the NRA

Fri, 24 May 2013 18:06:59 -0400

Kansas City welcomes new restaurants products gets nod for best ribs

Fri, 24 May 2013 18:03:39 -0400

Standees is located at 3935 W. 69th Terrace in Prairie Village at The VIllage Shops. New restaurant-theater concept opens in Prairie Village Kansas City-based developer Dineplex International LLC on Friday opened Standees: The Entertaining Eatery in Prairie Village. The new restaurant-movie theater combo is located at The Village Shopping Center. Erik Hess will serve as the restaurant's ...

Moving closer to dropping detailed big-box store studies

Fri, 24 May 2013 17:35:15 -0400

Big-box grocery stores are closer to being easier to build in the city of Sacramento, after the planning commission approved elimination of a 2005 ordinance requiring detailed studies for approval. Big-box grocery stores are closer to being easier to build in the city of Sacramento, after the planning commission Thursday approved on an 11-1 vote elimination of a 2005 ordinance requiring detailed ...

Tampa stocks go into long weekend on a mostly up note Video

Fri, 24 May 2013 17:15:16 -0400

May 24 (Bloomberg) -- Bloombergs Alix Steel, Adam Johnson and Julie Hyman report on todays ten most important stocks including The Gap, Sears and Procter and Gamble. (Source: Bloomberg) Stock prices for most of the largest publicly traded companies in the Tampa area gained ground in advance of the Memorial Day weekend. Bloomin Brands (NASDAQ: BLMN) posted the biggest jump, one day after pricing a ...

Skagit bridge collapse spurs hotel cancellations in Anacortes

Fri, 24 May 2013 17:13:12 -0400

Anacortes Majestic Inn and Spa started getting cancellations soon after the Interstate 5 bridge over the Skagit River collapsed Thursday evening. An hour after the Skagit River bridge collapsed Thursday evening, the phone at Anacortes Majestic Inn and Spa rang with the first of several cancellations for the Memorial Day weekend. Anna Holm, owner of the Majestic's Apothecary Spa, said both spa and ...

Gaido family restaurant to rebrand expand in Galveston Slideshow

Fri, 24 May 2013 16:39:44 -0400

Redfish Pool Bar will open Saturday, May 25 in Galveston on the Seawall. Click through the slideshow for more photos. A Galveston seafood restaurant run by the Gaido family is opening an expansion and plans to rebrand Memorial Day weekend and further plans are in the works. Caseys Kitchen and Beach Bar, which Nick Gaido took over in 2012, is expanding with a new poolside restaurant and bar: ...

Trader Joes finds a solution for Pinecrest parking problem

Fri, 24 May 2013 16:20:46 -0400

Trader Joe's removed the front face of the former Borders bookstore to create a second row of parking. When Trader Joe's decided to move into the shell of a former Borders bookstore, it was faced with a troubling problem: Where were the throngs of customers going to park? The bookstore's parking lot was plagued with confusing entrances and one-lane parking. But when there's a ...

Pro-Tesla Motors bill dies in Texas House

Fri, 24 May 2013 15:48:39 -0400

Elon Musk, CEO of Tesla Motors Inc. Lawmakers have sided with dealers interests over those of Tesla Motors Inc. in the debate over whether manufacturers of electric- or all battery-powered vehicles should be able to sell directly to customers. House Bill 3351, authored by State Rep. Eddie Rodriguez, D-Austin, had proposed changing Texas law that mandates vehicles be sold to customers through ...

Kohls compensation package for former Starbucks exec nearly $10M

Fri, 24 May 2013 15:35:52 -0400

Kohl's enticed former Starbucks exec Michelle Gass with a compensation package totaling nearly $10 million. Talk about sweetening the pot. New Kohls Corp. chief customer officer Michelle Gass, lured away from Starbucks Corp. this month, will receive a compensation package of nearly $10 million. Gass annualized base salary is $927,200, according to documents filed with the U.S. Securities and ...

Major Retailers Sue Visa and MasterCard Over Swipe Fees

Fri, 24 May 2013 15:35:48 -0400

The biggest U.S. payment card firms illegally restrained competition for interchange fees by setting default rates and imposing almost identical rules for accepting cards, the retailers said yesterday in a federal court complaint in New York. The retailers in the suit decided to "opt out" of a $7.5 billion court ruling from last November that would settle, finally and forever, an ...

Safety traffic economic development among Arts Districts top goals

Fri, 24 May 2013 15:34:11 -0400

Catherine Cuellar, executive director of Dallas Arts District. It may not be a sexy issue, but safety in the Dallas Arts District will be one of Catherine Cuellar's top goals as executive director of the district, she told me in a recent interview. Cuellar, who started her new job on April 15, said without a safe environment, nothing else matters. That refers to both crime and to the tension ...

After Tumblr Whos Next on Shopping Block

Fri, 24 May 2013 15:27:17 -0400

More than anything, Yahoo CEO Marissa Mayer's $1.1 billion acquisition of Tumblr is about buying a new audience to better compete with ...

Mountain vinters hit downtown Santa Cruz June 9 to lure beach visitors

Fri, 24 May 2013 15:26:21 -0400

The Roots That Rock Santa Cruz Mountains Vinters' Festival will feature on-site wine tastings June 1-2 and June 8-9, as well as a downtown Santa Cruz festival on June 9. The Santa Cruz Mountains Vinters' Festival has been around for more than two decades, but this spring the event will have a new centerpiece: a downtown street festival featuring food trucks, art and, of course, lots of ...

Cars shops ablaze in 5th night of Sweden riots

Fri, 24 May 2013 15:23:25 -0400

STOCKHOLM -- More than a dozen cars were torched and schools, shops and a police station were set ablaze as riots swept through Stockholm's immigrant-dominated suburbs for the fifth straight night, police and firefighters said ...

Turkish restaurant Anatolian Table open in midtown

Fri, 24 May 2013 15:20:34 -0400

The new Anatolian Table bistro in midtown Sacramento is celebrating its grand opening diner Thursday with a private party. It's already open, though. The new Anatolian Table bistro in midtown Sacramento is celebrating its grand opening dinner Thursday with a private party. But if you want to see what the Turkish restaurant is all about, its already open. The 70-seat restaurant opened for ...

New foreclosure lawsuits include Weston shopping center

Fri, 24 May 2013 15:06:51 -0400

The Waterways Shoppes II in Weston is facing a foreclosure lawsuit. Even retail centers in Weston, one of the wealthiest cities in South Florida, aren't immune to foreclosure as the owner of the Waterway Shoppes II found out. That is among two new big commercial foreclosure lawsuits and five foreclosure auctions in the region. Wells Fargo Bank, representing a commercial mortgage-backed ...

City focusing on attracting retail to parking garage

Fri, 24 May 2013 14:58:50 -0400

City officials think retail space the city owns near Cesar Chavez Park is going to be attractive, with a renovation project for a garage in the same building beginning next week. City officials think retail space the city owns near Cesar Chavez Park is going to be attractive, with a renovation project for a garage in the same building beginning next week. Denise Malvetti, a senior project manager ...

Its a mixed shopping bag for three big retailers earnings

Fri, 24 May 2013 14:45:27 -0400

Foot Locker opened 25 new stores during the quarter and closed 39, for a current total of 3,321 stores in 23 countries, plus 45 franchised stores in the Middle East and South Korea. Retailers Foot Locker Inc. and New York and Co. reported better-than-expected first-quarter earnings but Aeropostale Inc. swung to a loss and said it expects a further loss in its second quarter. Athletic footwear and ...

Jell-O social media campaign plays with profane hashtag

Fri, 24 May 2013 14:34:32 -0400

Fat-Free Jell-o Pudding Snacks, Kraft Foods, Inc. products, photographed at a grocery store. Jell-O, a Kraft Foods Group brand, has launched a new social media advertising campaign thats raising eyebrows for its attempt to redefine a bit of profane Twitter shorthand. The web site jelloFML.com posts a live feed of tweets using the #FML hashtag and proclaims that Jell-O wants to turn the sentiment ...

Choice Properties Real Estate Investment Trust Files Preliminary Prospectuses for Initial Public Offering of Trust Units and Senior Unsecured Debentures

Fri, 24 May 2013 14:06:02 -0400

May 24, 2013 /CNW/ - Loblaw Companies Limited ("Loblaw" or the "Company") (TSX: L) and Choice Properties Real Estate Investment Trust (the "REIT") announced today that the REIT has filed and obtained receipts for two preliminary prospectuses in respect of its initial public offering of trust units (the "Units") and a concurrent public offering of two ...

Retail Wreck Abercrombie and Aeropostale Slump

Fri, 24 May 2013 14:02:22 -0400

Recently, Abercrombie was down $5.78, or 10.6%, at $48.59 on volume that was triple the average for a regular full day. The most recent time it fell more was Aug. 2, when it dropped 14.6%. Aeropostale ...

Phoenixville landmark on market for $1.8M

Fri, 24 May 2013 13:57:10 -0400

Columbia House. The Columbia House, an institution in Phoenixville, Pa., is up for sale. The Victorian property at 148 Bridge St. was constructed in 1892. Its current owner, Donna Cashman and her late husband, Dan, bought the 13,555-square-foot building in 2000 for roughly $700,000. They totally gutted it and invested about $3 million in improvements ranging from new HVAC systems and electrical ...

Heinz Endowments part of grocery goal in Hazelwood

Fri, 24 May 2013 13:35:22 -0400

Bob Vagt knows you cant put a time limit or a dollar amount on a relationship, whether with a person or an entire neighborhood. As the president of Heinz Endowments, he took his time in a recent phone interview when I asked him to give some metric to help me understand the level of commitment his organization is making to Hazelwood as the recipient neighborhood for the group's initial ...

RadioShack hopes new marketing strategy leads to turnaround

Fri, 24 May 2013 13:34:12 -0400

RadioShack's management team is hoping the company will make a turnaround with its new marketing strategies that target a wider audience and create a playful atmosphere. RadioShack Corp. leaders are hoping the company's revamped branding strategy will encourage new and current customers to do exactly what its new tagline expresses: Lets play. The Fort Worth-based electronics retailer is ...

Turnaround plan boosts net income at retail firm Gap

Fri, 24 May 2013 13:30:00 -0400

After years of struggling, Gap is back in style. The company, which owns the Gap, Old Navy and Banana Republic clothing chains, reported yesterday a 43 per cent increase in its fiscal first-quarter net income, as it continues to reap benefits from the turnaround plan that it began early last year. The San Francisco-based company also reiterated its full-year earnings ...

Hialeah gas station sells takes on Orion brand

Fri, 24 May 2013 13:20:40 -0400

A Hialeah gas station has been rebranded as an Orion station after its $2.52 million purchase. NAI Miami negotiated the sale of the former Citgo gas station at 2390 W. 76th St. Javier A. Rodriguez represented the seller, Nelana Corp. The buyer was Orion Hialeah, which lists Miguel Shihadeh as a manager. The property includes a 7,389-square-foot convenience store and is situated on a ...

Oahu Sizzlers rebranded as GoKo Steak Salad Bar Restaurants

Fri, 24 May 2013 13:13:01 -0400

GoKo Restaurant Enterprises LLC, which was the franchise owner for the Sizzler restaurants in Kailua, Aiea, Kapalama and Waipahu for the past 10 years, said it has also "revamped its menu to emphasize local tastes and more local products." "We're aiming to offer our customers great value and ono taste," GoKo owner Clinton Goo said in a statement. The four restaurants have a ...

Phoenixville landmark for $1.8 million

Fri, 24 May 2013 13:07:46 -0400

The Columbia House, an institution in Phoenixville, Pa., is up for sale. The Victorian property at 148 Bridge St. was constructed in 1892. Its current owner, Donna Cashman and her late husband, Dan, bought the 13,555-square-foot building in 2000 for roughly $700,000. They totally gutted it and invested about $3 million in improvements ranging from new HVAC systems and electrical work to ...

Sonic Automotive buys BMW Mercedez-Benz dealerships in Denver

Fri, 24 May 2013 13:05:39 -0400

Charlotte-based Sonic Automotive (NYSE:SAH) has purchased a BMW dealership and a Mercedes-Benz dealership in Denver. Sonic Automotive Inc. (NYSE:SAH) has agreed to purchase two Colorado franchises from Murray Motor Imports Co. of Denver, according to a statement from the Charlotte-based company. Joining Sonics portfolio of dealerships are Murray BMW of Denver and Mercedes-Benz of Denver. The ...

Chester County institution up for sale

Fri, 24 May 2013 12:39:17 -0400

The Columbia House. The Columbia House, an institution in Phoenixville, Pa., is up for sale. The Victorian property at 148 Bridge St. was constructed in 1892. Its current owner, Donna Cashman and her late husband, Dan, bought the 13,555-square-foot building in 2000 for roughly $700,000, totally gutted it and invested about $3 million in improvements ranging from new HVAC systems and electrical ...

Next step for Walter Reed redevelopment Map it

Fri, 24 May 2013 12:23:04 -0400

The District has a redevelopment plan for its 66.57-acre portion of the Walter Reed Army Medical Center campus. Now it needs a map. Before D.C. submits its proposed Walter Reed zoning to the D.C. Zoning Commission, and before it dives into heavy negotiations with the U.S. Army for the conveyance of the site, it must first figure out exactly what it has. The Office of the Deputy Mayor for Planning ...

Gold struggles to consolidate as retail demand and ETF sales collide

Fri, 24 May 2013 11:49:01 -0400

"There is a floor emerging around $1360," says a New York dealer's note, adding that bearish speculators wanting to profit from a fall in the gold price "may be inclined to wait" for a rally to this week's high of $1414 before adding to their record holdings of short futures ...

Five Non-Obvious Things This Google Study Reveals About Smartphone Shopping

Fri, 24 May 2013 11:25:30 -0400

Google's recent report on smartphone shopping habits shows that, yes, people are pricing out goods on their iPhone. But what else are they doing with mobile devices ...

Retail expert Neiman Saks could create international success Video

Fri, 24 May 2013 11:23:53 -0400

May 23 (Bloomberg) -- Bloombergs Cristina Alesci reports on major luxury retailers and the affects of possible M&A within the industry. She speaks on Bloomberg Televisions In The Loop. (Source: Bloomberg) A luxury expert considers a Neiman Marcus/Saks Fifth Avenue merger an opportunity for the two brands to build a company focused on a better customer experience. A Saks Fifth Avenue, Neiman ...

Office Depot shutting down Courthouse location

Fri, 24 May 2013 10:54:39 -0400

Office Depot will close its location 1515 N. Courthouse Road next month, ARLnow.com reports. It will close on June 29, and customers are encouraged to shop at the other locations in Alexandria and Falls Church. Employees do not know what will succeed Office Depot when it shuts ...

Retail conference yields interest in Districts east side

Fri, 24 May 2013 10:45:16 -0400

D.C. officials courted dozens of companies during the Global Retail Real Estate Convention in Las Vegas this week, and many of them showed an interest in the city's east side, said Victor Hoskins, deputy mayor for planning and economic development. Those companies included Imax Corp. and sandwich chain Subway, he said. "Imax actually has a couple of screens in D.C., but none east of ...

Gold Trying to Build Base as Retail Demand Counters More ETF Selling

Fri, 24 May 2013 10:33:36 -0400

The GOLD PRICE fell $10 per ounce after reaching almost $1400 for the 5th time this week in London trade Friday morning.Silver held tight around $22.50 per ounce, managing only one-third of gold's 2.0% gain for the week.After yesterday's 7% plunge Japan's stock market bounced, but other Asian equities fell, as did European stocks.US and UK markets are closed Monday for national ...

Used Xbox One Games Will Be Sold At Retail Publishers Get A Cut This Time Around Report

Fri, 24 May 2013 10:33:12 -0400

MCV reports that Microsoft will be taking command of the pre-owned market with a system that gives publishers and itself a cut of every used game sale. In fact, the new system detailed today would give retailers about the same cut as it gets from selling used games. As you already know, each Xbox One game will tie itself to a single Xbox Live account when installed on the system. In essence, you ...

Target other retailers sue Visa MasterCard

Fri, 24 May 2013 10:22:55 -0400

Target Corp. and 15 other retailers are suing Visa Inc. and MasterCard Inc. over credit- and debit-card fees after withdrawing from a settlement in another case, Bloomberg reports. The retailers claim Visa (NYSE: V) and MasterCard (NYSE: MA) restrained competition for interchange fees by imposing default rates and similar rules for accepting cards. In a previous antitrust case in federal court, ...

Goodwill to open three stores in Baltimore area

Fri, 24 May 2013 10:06:58 -0400

Lisa Rusyniak, CEO of Goodwill Industries of the Chesapeake. Goodwill Industries of the Chesapeake Inc. has plans to open three new retail stores in the Baltimore area within a year. The first of the three to open will be a store on York Road in Towson, which Goodwill wants to open in October. Goodwill also plans to open stores in Ellicott City and Edgewater within the next year, said CEO Lisa ...

Paul McCartney gives shout-out to Austin techies food trucks

Fri, 24 May 2013 09:58:53 -0400

Former Beatle Paul McCartney, shown performing at the White House, praised Austin as the "cutting-edge place for green eating. Austin's "green" attitude didn't escape former Beatle Sir Paul McCartney while he was in town this week for two concerts. He gave Mayor Lee Leffingwell an award from the People for the Ethical Treatment of Animals, declaring Austin the most ...

Dutch independent retailer Free Record Shop files for bankruptcy

Fri, 24 May 2013 09:54:56 -0400

Dutch independent retail group Free Record Shop on Friday filed for bankruptcy but hopes are high for a restart. 'Together with the curator, we will assess if a restart is possible,' the company said in a statement. 'We are also looking to see if the shops can be kept open in the meantime. There is a very good chance the Free Record Shop will remain a high street fixture.' ...

Chickies Petes hit with whistle-blower suit

Fri, 24 May 2013 09:37:02 -0400

A former manager at a Chickie's and Pete's sports bar complained about pay practices, then was promptly fired, a whisleblower lawsuit alleges. Sharon Chase, 45, of Absecon, N.J., was fired in January after talking to federal investigators, said the Morning Call. The popular "crab fries" selling chain has been under investigation by the U.S. Department of Labor after employees ...

Dayton restaurants report growth as industry reaches record highs

Fri, 24 May 2013 09:31:44 -0400

OinkADoodleMoo, a fast-casual barbecue chain, has seen each month in 2013 as stronger than in 2012. Restaurateurs across the country rejoiced in April as the month closed out with record sales, and Dayton restaurants noticed an uptick too. Sales reached a record $45.9 billion in April. Thats a seasonally-adjusted increase of $200 million from December 2012 when the industry hit its last high, ...

Sears reports disappointing first quarter

Fri, 24 May 2013 09:29:44 -0400

A customer secures a new washing machine purchased at a Sears store in Richmond, Calif., in Feb. 2013. Sears Holding Corp. posted a much larger-than-expected loss for its first quarter and said it may sell its protection-agreement business to raise more cash. Hoffman Estates-based Sears (Nasdaq: SHLD) said it lost $279 million, or $2.63 per share, for the quarter ended May 4, compared with a ...

TGIFridays franchisee shocked at fake-liquor allegations

Fri, 24 May 2013 09:29:08 -0400

After allegations that 13 TGI Fridays restaurants in New Jersey served cheap liquor in premium bottles, the Briad Restaurant Group said it was shocked by those claims. In a statement Thursday, the group said it "takes great pride in the quality of food and drink" it serves customers, Philly.com reported. Rick Barbrick, the president of Briad, said customers of his TGI Fridays franchises ...

Campbell Soup buys baby food maker

Fri, 24 May 2013 09:16:57 -0400

Campbell Soup says its buying baby food maker Plum Organics for an undisclosed amount as it looks to move into higher growth areas, Food Business News reported. Emeryville, Calif.-based Plum makes food for babies, toddlers and children and was owned by private equity firm Catterton Partners. The Plum addition will take Campbells portfolio of child-focused soups, beverages and snacks to annual ...

Kansas City Business Journal announces CFO of the Year honorees

Fri, 24 May 2013 09:16:51 -0400

The recession has made for rough sailing for many businesses over the past few years, but some have had exceptional CFOs to help steer them through it. Those are the executives the Kansas City Business Journal will recognize as CFO of the Year. The awards program, now in its sixth year, honors the Kansas City area's top financial executives. Applicants were judged for their contributions to ...

Liquor cigarette tax hikes to pass City Council

Fri, 24 May 2013 09:13:31 -0400

With the Philadelphia School District in desperate need of money, the City Council considering an increase on cigarette and liquor taxes, said the City Paper. Cigarette taxes would increase by $2 per pack, while liquor-by-the-drink would go from 10 percent to 15 ...

Russian Retail-Sales Growth Unexpectedly Slowed to 4.1

Fri, 24 May 2013 08:50:15 -0400

Retail sales grew 4.1 percent in April from a year earlier, down from 4.4 percent in March, the Federal Statistics service said today in an e-mailed statement. That missed the median estimate of 18 economists for a 4.5 percent increase. Unemployment fell for a third month to 5.6 percent from 5.7 percent, missing the 5.5 percent forecast in a separate poll. A European recession that extended ...

Poland’s Surprise Retail Slump Prompts Rate Setter Easing Call

Fri, 24 May 2013 08:50:15 -0400

retail sales unexpectedly fell in April, prompting central bank policy maker Elzbieta Chojna-Duch to call for a "cautious" interest-rate cut next month as prospects for prompt economic recovery fade. Sales dropped 0.2 percent from a year earlier as consumers spent less on food and fuels, the statistics office said today. The median estimate in a Bloomberg survey of 29 economists ...

Buffalo Wild Wings outdoor store among new businesses in Fond du Lac area

Fri, 24 May 2013 08:40:03 -0400

The Fond du Lac area is experiencing an increase in new home and business development this year with projects including a Buffalo Wild ...

Minnesotans to start paying Amazon tax

Fri, 24 May 2013 08:29:52 -0400

Minnesotans will have to start paying online taxes come July. Well, they have to already. But come July, they will actually do it. Thats the result of the new regulations that will apply Minnesota's 6.875 percent sales tax to big e-commerce sites such as Amazon.com, part of the states new omnibus tax law, according to the Pioneer Press. Minnesotas big retailers, such as Target and Best Buy, ...

Winston-Salem property-tax rate increase proposed + Former Dobson mayor dies + Ziggys By the Sea to open in Wilmington

Fri, 24 May 2013 08:19:08 -0400

-- Winston-Salem City Manager Lee Garrity has proposed a $379 million budget that includes a property-tax rate increase to make up for a drop in property values due to revaluation, the Winston-Salem Journal reports. The proposal would raise the citys tax rate about 8 percent, from 49.1 cents per $100 of assessed value to 53 cents. However, the majority of homeowners in the city would see their ...

Retailer HM planning store in Colorado Springs

Fri, 24 May 2013 08:18:28 -0400

Clothing retailer H&M, which opened its first Colorado store on Denver's 16th Street Mall in 2011, is now planning to open its first location in Colorado Springs, The Gazette reports. The company hasn't made any announcement, but the architectural firm working on improvements to the Chapel Hills Mall told the newspaper H&M will be in the mall. H&M is expected to open later this year in ...

Jennifer Lopez teams with Verizon on retail startup

Fri, 24 May 2013 08:16:23 -0400

Jennifer Lopez is getting into the mobile phone business with Viva Movil, aimed at Hispanic consumers. Jennifer Lopez may not be an expert on mobile technology just yet, but the star claims deep knowledge of the Latino consumer and says she will be using that insight to form a partnership with Verizon Wireless (NYSE:VZ) on a chain of targeted mobile-phone stores called Viva Movil. Lopez, whose ...

Analyst Neiman Saks merger not likely to happen soon Video

Fri, 24 May 2013 08:09:08 -0400

May 23 (Bloomberg) -- Bloomberg's Betty Liu reports on today's "Top Headlines." She speaks on Bloomberg Television's "In The Loop." Neiman Marcus' private-equity owners have held on to the retailer for eight years. Don't expect a merger between Neiman Marcus Group and Saks Fifth Avenue anytime soon, even though news reports this week have indicated such a deal ...

Tempur-Pedic name change adds Sealy in

Fri, 24 May 2013 07:51:23 -0400

Tempur-Pedic International Inc. and Sealy Corp. are now Tempur Sealy International Inc. It's official: Tempur-Pedic International Inc. and Sealy Corp. are now Tempur Sealy International Inc. Stockholders approved the change of the company's name Wednesday at their annual meeting. Trinity-based bedding manufacturer Sealy was acquired in March by the Lexington, Ky.-based Tempur-Pedic (NYSE: ...

Hop Chef comes to Boston as matchmaker for beer and food

Fri, 24 May 2013 07:39:25 -0400

Ommegang and Saveur are combining efforts on "Hop Chef," a reality TV-style competition coming to Boston to promote beer and food pairings. Brewers like Ommegang of Cooperstown, N.Y., would like to see more restaurants offering beer as a good match with dishes on their menus. Hence, "Hop Chef," a reality TV style competition the Belgian-owned craft brewery is undertaking with ...

Top of the List Photos Baltimore crab houses

Fri, 24 May 2013 07:30:13 -0400

No. 5 Crab Shack: Conrad's Crabs & Seafood Market Address: 1720 E. Joppa Road, Parkville 21234Phone / website: 410-882-1515 / www.conradscrabs.comOwner: Anthony ConradYelp rating / reviews: 4.5 stars / 13 reviews This weeks Top of the List is about the Top-rated crab houses in the Baltimore area, ranked by Yelp.com star ratings, with ties broken by number of reviews on Yelp.com as of ...

Target other retailers sue over credit-card fees after rejecting $7.25 billion settlement

Fri, 24 May 2013 07:25:45 -0400

Target, J.C. Penney, Macy's and other companies have sued Visa and MasterCard over card fees after the retailers objected to a $7.25 billion settlement in a similar suit. Target, J.C. Penney, Macy's and other companies have sued Visa and MasterCard over card fees after the retailers objected to a $7.25 billion settlement in a similar suit, Bloomberg reports. The retailers filed suit in ...

PG CEO Bob McDonald replaced with ex-CEO A.G. Lafley

Fri, 24 May 2013 07:18:47 -0400

P&G has replaced CEO Bob McDonald. Bob McDonald is out as CEO of Procter and Gamble Co., replaced by ex-chief A.G. Lafley, effective immediately, the Cincinnati Business Courier reports. McDonald spent 33 years with the Cincinnati-based consumer goods giant, including the last four as CEO. He faced heavy criticism from analysts and activist investor Bill Ackman after a stretch of weak ...

Adding up the rue21 deal

Fri, 24 May 2013 07:16:56 -0400

At the end of the day, let the numbers do the talking on Apax Partners' planned purchase of rue21 ...

5 local firms win Governors ImPAct Awards

Fri, 24 May 2013 07:12:26 -0400

Pennsylvania Gov. Tom Corbett Five southwestern Pennsylvania companies were among winners Thursday at the Governor's ImPAct Awards. The awards go to companies and entrepreneurs who are building businesses and jobs in the commonwealth. The awards come from the Department of Community and Economic Development, the Team Pennsylvania Foundation and Journal Multimedia. The winners in southwestern ...

GetGo may expand in Ohio

Fri, 24 May 2013 07:04:50 -0400

Could GetGo and Giant Eagle take over two locations formerly run by 7-Eleven near the Ohio State University campus? Columbus Business First is reporting that Giant Eagle Inc.'s real estate company has filed applications for liquor licenses for two former 7-Elevens near the Ohio State University campus. The license applications say Giant Eagle may locate Get Go convenience stores in both ...

Tory Burch making its debut at Shops at La Cantera

Fri, 24 May 2013 07:00:25 -0400

Tory Burch is opening a new store at The Shops at La Cantera. The Shops at La Cantera is keeping up with its tradition of bringing in new-to-market retailers. The latest arrival is Tory Burch. The New York City-based concept describes itself as a luxury-lifestyle brand. That brand is carried out in various products from clothing, to handbags, to shoes, swimwear, small leather goods and ...

Westfield Montgomery mall parking garage partially collapses

Fri, 24 May 2013 06:48:23 -0400

A concrete section weighing more than 50,000 pounds collapsed in a parking garage at Westfield Montgomery mall in Bethesda on Thursday, killing one construction worker and seriously injuring another, The Washington Post reported. The injured worker was pinned for four hours and had to be rescued by a crew that used wood and steel beams to brace the collapsed area around him. The rescuers ...

Dunkin Donuts looking for franchisees in Triangle N.C.

Fri, 24 May 2013 06:44:05 -0400

This note from Zack's investment research says it all Dunkin' Brands Group Inc. (Nasdaq: DNKN) has 44 stores across the state but wants more. Maybe to compete with our own Krispy Kreme Doughnuts Inc. (NYSE: KKD)? The North Carolina restaurant industry apparently is growing rapidly, according to the National Restaurant Association that estimates eateries will generate $15.4 billion in ...

William Glen name returns

Fri, 24 May 2013 06:30:04 -0400

Mark Snyder and Amy Guthrie, co-owners of C and C Merchants, Inc., say the company is officially changing its name to William Glen Inc. William Glen is back. Siblings Mark Snyder and Amy Guthrie have re-claimed the name of the home goods and gift retailer that their dad co-founded and built into a Sacramento institution. After the original William Glen store in the Arden Arcade area closed two ...

Direct debit processor drops plans to sell shops user information

Fri, 24 May 2013 06:19:48 -0400

The company responsible for processing direct debit (pin) transactions in the Netherlands has dropped plans to sell the information to retailers, Nos television said on Friday morning. News of the planned sale broke on Thursday but the idea has now been shelved because of protests, Equens said in a statement. Information about how many times people use different shops and how much they spend ...

Mood Media announces board approval of advance notice by-law

Fri, 24 May 2013 06:13:24 -0400

May 24, 2013 /CNW/ - Mood Media Corporation (ISIN: CA61534J1057) (TSX: MM / LSE AIM: MM) ("Mood Media" or the "Corporation") announced today the approval and adoption by its board of directors (the "Board") of an advance notice by-law (the "By-Law"), the purpose of which is to require advance notice be provided to the Corporation in circumstances where ...

Dale Carlsen wins honor from Sac State

Fri, 24 May 2013 06:07:04 -0400

Dale Carlsen, founder of The Sleep Train Inc., will receive an honorary doctorate today from California State University Sacramento. The home-grown founder of The Sleep Train Inc. will receive an honorary doctorate today from his alma mater. Dale Carlsen will be honored during commencement ceremonies at 11:30 a.m. fittingly, at Sleep Train Arena. California State University Sacramento is ...

Electronic dance concert Moonrise Festival canceled

Fri, 24 May 2013 05:43:53 -0400

A new electronic dance concert termed the Moonrise Festival which was expected to draw thousands to South Baltimore, has been canceled after organizers failed to obtain the necessary permits, city officials said Thursday, as reported by the Baltimore Sun. Planned for the weekend of June 8-9 in Port Covington, the festival had been promoted as a successor to the long-running Starscape Festival, ...

Groundbreaking set Wednesday for $400M Horseshoe Baltimore Casino

Fri, 24 May 2013 05:42:16 -0400

Groundbreaking is scheduled Wednesday to begin construction of Maryland's fifth gambling venue, the Horseshoe Baltimore Casino, the Maryland Daily Record reported. The 335,000-square-foot casino and 4,000-space parking garage adjacent to the Baltimore Ravens' M&T Bank Stadium is expected to open by Autumn 2014 at a cost of $400 million. Assistant General Manager updated the Maryland ...

Soda maker Excel expanding beer sales to St. Louis

Fri, 24 May 2013 05:15:42 -0400

After significant local progress in protecting the public and employees from secondhand smoke, St. Charles city and county remain behind the ...

US retailer bonds fall behind as shoppers spend less

Fri, 24 May 2013 05:07:45 -0400

Bonds of US retailers from Target to Wal-Mart Stores are posting their worst losses since 2006 amid smaller consumer income and slowing growth in the US economy, even as the broader corporate debt market generates ...

Paris Gallerys sweet smell of success

Fri, 24 May 2013 04:44:27 -0400

Dubai. Paris. London.New York. Paris Gallery Group CEO Mohammed Abdul Rahim Al Fahim is aiming to conquer them all with his family's luxury retail ...

Germany must curb runaway retail prices for sake of green power -IEA

Fri, 24 May 2013 04:00:00 -0400

Fri May 24, 2013 4:00am EDT * Power price rise may hit consumer support for green energy * IEA says investors must be given stable policy framework * IEA criticises German go-it alone approach By Vera Eckert FRANKFURT, May 24 (Reuters) - Germany must rein in runaway retail prices for electricity or risk a consumer backlash that could undermine support for a massive shift toward green energy, the ...

Russian Retail Sales Probably Grew in April as Unemployment Fell

Fri, 24 May 2013 02:20:54 -0400

Russian consumer spending probably continued to recover in April as the labor market improves and wages rise, a sign the biggest part of the economy is helping withstand the sharpest slowdown since a 2009 ...

Schools shops close after Rio drug dealers order curfew

Fri, 24 May 2013 01:36:09 -0400

Brazil arrests third suspect in rape, kidnap of foreign student Drug traffickers in Rio de Janeiro have ordered shops closed in one of its biggest slums, defying efforts to restore order to the city's vast shantytowns and renewing safety concerns in Brazil as it prepares to host the World Cup and Olympics. Shops were shuttered and more than 5,400 children were turned away from school ...

Nine investors interested in buying SA retailer Trims

Fri, 24 May 2013 00:43:00 -0400

NINE investors have expressed an interest in buying or investing in city retailer Trims, administrators say. Andre Strazdins of BRI Ferrier said the investors were all interstate and ranged from parties interested in buying the retailer to those wanting to invest in the business. Trims went into voluntary administration on Tuesday last week , and about ...

ATT tacks 61 cent administrative fee on wireless customers bills

Fri, 24 May 2013 00:00:00 -0400

AT&T has added a 61 cent administrative fee to the bills of its contract wireless customers. In a move that could result an additional half-billion dollars in revenue a year, Dallas-based AT&T announced that it has added a new month 61 cent administrative fee to its wireless contract customers. The fee went into effect on May 1, the Wall Street Journal reported. The charge is a so-called ...

India-made goods at duty-free shops to cost less

Thu, 23 May 2013 23:30:41 -0400

Travellers picking up 'Made in India' goods from airport duty-free shops before they fly out would soon find them a tad cheaper. In line with international practice, India has exempted from excise duty goods manufactured in the country and sold at airport shops for foreign travellers and Indians going abroad. This would make the products cheaper by ...

Retailers call on govt to lift game

Thu, 23 May 2013 23:30:26 -0400

The Federal Government needs to restore consumer confidence by securing jobs and ensuring less red tape, says Australia's peak retail group.The Australian Retailers Association (ARA) also called for cuts to taxes and a review of the GST to assist retailers who face a challenging operating environment in a pre-election submission released in Melbourne.ARA president Roger Gillespie called for ...

Shopping-mall kiosks are little gold mines

Thu, 23 May 2013 22:59:21 -0400

Taki Skouras, chief executive of Cellairis, at a one of his kiosks at North Point Mall in Alpharetta, Ga. For Cellairis and others, kiosks, have become a very big business with millions of dollars in annual ...

Retailer bid to cut horrific costs

Thu, 23 May 2013 22:52:15 -0400

THE federal government needs to restore consumer confidence by securing jobs and ensuring less red tape, says Australia's peak retail group. The Australian Retailers Association (ARA) also called for cuts to taxes and a review of the GST to assist retailers who face a challenging operating environment in a pre-election submission released in Melbourne on Friday. ARA president Roger Gillespie ...

Da Kitchen may open another Oahu restaurant after Moiliili location closes

Thu, 23 May 2013 22:49:54 -0400

Da Kitchen business partners Les Tomita and Mariah Brown, seen in this 2011 file photo, may open another restaurant on Oahu after their only Honolulu location closes on Saturday. The owners of Da Kitchen are considering opening a new location on Oahu after the planned closure of their Moiliili location this Saturday. Da Kitchen is a popular local and Hawaiian food restaurant that got its start ...

Retailers nix settlement sue credit card firms

Thu, 23 May 2013 21:42:55 -0400

NEW YORK -- Some of the country's largest retailers, including Target Corp. and Macy's Inc., on Thursday filed a lawsuit against MasterCard and Visa, rejecting a settlement reached last year over alleged ...

Yahoo snagged Tumblr whos next on shopping block

Thu, 23 May 2013 20:57:27 -0400

Though an attractive target, Twitter is likely to seek IPO SAN FRANCISCO -- More than anything, Yahoo CEO Marissa Mayer's $1.1 billion acquisition of Tumblr is about buying a new audience to better compete with Google.In that sense, it's a typical media deal, one that might have been made by one of Mayer's predecessors in the Yahoo corner office -- or a broadcast or cable ...

Guest Repeal liquor fee for retailers to supply restaurants

Thu, 23 May 2013 19:52:19 -0400

The 17-percent fee when local retailers and grocers supply liquor to restaurants has left local businesses at a competitive disadvantage, according to guest columnists Anthony Anton and Joe ...

OluKai donates footwear designed for Hawaii lifeguards to lifeguard association

Thu, 23 May 2013 19:51:50 -0400

OluKai developed shoes for Hawaii lifeguards that can be worn on land or in the water. The Hawaii-made shoe brand OluKai will donate around $135,000 in footwear to the Hawaii Lifeguard Association at an event planned for Saturday at one if its retailers, Island Sole. The footwear donation is in addition to an annual donation of around $20,000 that OluKai, which has nearly 2,000 retailers in North ...

The Future of Brick-and-Mortar Retailers Turning Into Datacenters

Thu, 23 May 2013 19:34:47 -0400

Sears! Once the catalog king, then an eminent brick-and-mortar retailer, and now, perhaps, a real-estate holding company that leases out space for computers that power the ...

Cops Crack Down On Retailers Who Sell Stolen Goods

Thu, 23 May 2013 19:28:40 -0400

(CBS) — A new law in Illinois is allowing police and retailers to work together to crack down on organized retail theft. CBS 2's Mike Puccinelli reports on how police used it to break up a shoplifting ring. On tables and on the ground in a West Side storage area, the Chicago Police Department’s asset-forfeiture unit shows off its latest bust. One official estimated the value at ...

Oahus Turtle Bay Resort opens new sea-to-table restaurant Paakai

Thu, 23 May 2013 18:51:18 -0400

Paakai restaurant opens Thursday evening at Turtle Bay Resort on Oahus North Shore. Paakai restaurant opens Thursday evening at Turtle Bay Resort on Oahus North Shore. The sea-to-table restaurant replaces the resorts 21 Degrees North restaurant. The opening of Paakai marks the latest development in the resorts multimillion-dollar renovation slated for completion this fall. The North Shore ...

Visionary retailer was a lifelong philanthropist

Thu, 23 May 2013 18:20:22 -0400

MONTREAL - Morton Brownstein, a visionary retailer who transformed Browns Shoe Shops from a small family business into a national chain that pioneered sales of designer shoes, has been called "a national treasure" for his dedication to building a better Canada.A generous philanthropist and tireless volunteer for causes including the Jewish General Hospital and the Montreal Association ...

Final countdown for 40 Under 40 nominations

Thu, 23 May 2013 18:11:31 -0400

Friday is the nomination deadline for the Puget Sound Business Journals 40 Under 40 Award program. Each year, the Business Journal searches Washingtons business universe to find superstars under the age of 40. Candidates are dynamic leaders in their businesses, industries and communities. They thrive to inspire, innovate and instigate. These men and women have an entrepreneurial spirit whether ...

Tiffs Treats to open South Austin location

Thu, 23 May 2013 18:00:19 -0400

Leon Chen, CEO of Tiff's Treats, said customer data determines where the cookie maker opens new stores. Tiffs Treats, the purveryor of warm cookies delivered to your door, will open a shop in Southwest Austin later this summer or in early fall. Our customers in South Austin have had to go to Westlake or downtown for Tiffs Treats, and now well be in a very popular center, said Leon Chen, ...

Why FareStart canceled fundraiser at Showbox SoDo

Thu, 23 May 2013 17:52:11 -0400

FareStart will accomplish its mission in an unexpected way Thursday night. The local nonprofits first annual "Guest Chef Spectacular" was planned for 6:30 p.m., but its been canceled because of a crack in a support beam at the Showbox SoDo venue in Seattle's Sodo neighborhood. Brian McFadin, general manager of the Showbox SoDo, said the crack happened while the staff was preparing for ...

Bloomin Brands posts gains after pricing offering Video

Thu, 23 May 2013 17:47:13 -0400

May 23 (Bloomberg) -- Bloombergs Alix Steel, Adam Johnson and Julie Hyman report on todays ten most important stocks including Dollar Tree, GameStop and Hewlett-Packard. (Source: Bloomberg) Bloomin Brands stock rose 2.93 percent on Thursday following an announcement that top shareholders were selling some of their holdings for $21.50 a share. Bloomin Brands (NASDAQ: BLMN) closed Thursday at ...

Kings investors surprise fans by helping sell season tickets

Thu, 23 May 2013 17:44:11 -0400

A half dozen of the big investors in the Sacramento Kings surprised fans calling in to buy season tickets today. The investors joined the sales staff at Sleep Train Arena to take calls for a half hour from customers buying and renewing season tickets. As you can tell, it was also quite the media event. A half dozen of the big investors in the Sacramento Kings surprised fans calling in to buy ...

Hungry Burger King now delivers in parts of Sacramento

Thu, 23 May 2013 17:44:03 -0400

Forget about going to the drive through lane, now some Sacramentans can get a Whopper delivered. Forget about going to the drive through lane, now Sacramentans can get a Whopper delivered. Sacramento was added today as a new market for Burger Kings BKDelivers program. As many as six Burger Kings in Sacramento are participating delivering food from the fast food giant to residents front doors. The ...

UK Retail Sales Decline 1.3 in April

Thu, 23 May 2013 17:31:03 -0400

(MENAFN - Qatar News Agency) Retails sales in the UK noted a sharp decline by 1.3% in April led by the biggest drop in food sales for nearly two years indicating weak consumer spending continues, data released by the Office for National Statistics (ONS) reveals. Compared with March 2013, total food sales fell 4.1% last month, the largest drop in two years as store price inflation drove the ...

S Korea reports 9.8 drop in Aprils retail sales

Thu, 23 May 2013 17:31:02 -0400

(MENAFN) The South Korean Ministry of Trade, Industry and Energy (MOTIE) announced that the country's retail sales fell 9.8 percent last month from a year before, reported Xinhua News.The ministry said that in April, total sales at 3 major department stores, including Lotte, Shinsegae and Hyundai, posted a drop of 1.9 percent.It added that grocery sales, which make up over half of sales for ...

The Home Depot Declares First Quarter Dividend Of 39 Cents

Thu, 23 May 2013 17:19:08 -0400

May 23, 2013 /CNW/ - The Home Depot, the world's largest home improvement retailer, today announced that its board of directors declared a first quarter cash dividend of 39 cents per share. The dividend is payable ...

Big retailers pull out of $7B credit card fee settlement

Thu, 23 May 2013 17:17:33 -0400

Some of the country's largest retailers, including Target Corp. and Macy's Inc., on Thursday filed a lawsuit against MasterCard and Visa, rejecting a settlement reached last year over alleged fee-fixing. A larger group of 19 trade associations and retail companies originally filed suit against the card processing companies in 2005, claiming that they conspired to fix the fees they ...

Retail therapy The benefits of shopping

Thu, 23 May 2013 17:15:15 -0400

When your significant other says it's over, your first instinct may be to seek comfort in a pint of ice cream or a stiff drink. But there are healthier ways of nursing a broken heart – including shopping. In a recent survey by TNS Global on behalf of Ebates.com, around 52% of respondents said they've engaged in "retail therapy," the act of shopping and spending to ...

Fashion truck coming St. Paul approves mobile retail licenses

Thu, 23 May 2013 17:12:49 -0400

First came the food trucks. Now, fashion trucks can rev their engines, head to downtown St. Paul and sell their products. Shops on wheels have been on the rise around the country including locally, and the city of St. Paul is making efforts to welcome them to the neighborhood. On Wednesday, the city of St. Paul unanimously approved an ordinance to create a new license category allowing for ...

Poll suggests many residents support zoning development changes

Thu, 23 May 2013 17:01:46 -0400

According to a new poll, many Sacramento residents are behind loosening development protocols, along with the development community. Its not only the development community thats happy to see the city of Sacramento loosening up on its development process and protocols; a poll by Region Builders Inc. suggest residents are, too. In a poll by JMM Research of 800 voters in the city last week, 75 ...

Galleria-area Osteria Mazzantini nears completion Slideshow

Thu, 23 May 2013 16:44:29 -0400

The patio of Osteria Mazzantini Italian restaurant, under construction inside the new BBVA Compass Plaza at 2200 Post Oak Blvd. Click through the slideshow to see more photos of the restaurant's construction. Construction on the new Osteria Mazzantini Italian restaurant inside the new BBVA Compass Plaza at 2200 Post Oak Blvd. is making progress. The future Italian-style eatery is the ...

Gap Inc.s same store sales up 2 percent in Q1

Thu, 23 May 2013 16:23:33 -0400

Gap Inc. boss Glenn Murphy. Clothing seller Gap Inc. reported a 2 percent rise in same store sales in the first quarter ended May 4. Same store sales compare performance only at shops open a year or more, and so are considered an important retail metric, as they compensate for growth through opening new locations. A year ago in the first quarter, Gap (NYSE: GPS) had a 4 percent jump in same store ...

High street blight are pound shops better than empty shops

Thu, 23 May 2013 16:13:02 -0400

The north-west of England has the highest number of empty shop units in the UK, and as big retailers leave our town centres, the kind of businesses that thrive in hard times are moving in.Town centres across the region are becoming swamped with payday lenders, pawnbrokers and pound shops. As our high streets become increasingly geared towards making money from people who don't have any, ...

Dorel Industries Announces Election of Directors

Thu, 23 May 2013 16:04:03 -0400

May 23, 2013 /CNW Telbec/ - Dorel Industries Inc. (TSX: DII.B, DII.A) is pleased to announce that all of the nominees listed in its management proxy circular ...

Universal Studios to add restaurants shops based on The Simpsons

Thu, 23 May 2013 15:57:34 -0400

Universal Orlando said Thursday that it will soon add a collection of themed shops and restaurants from the world of the long-running animated television ...

Go goes away car stores now named AutoNation

Thu, 23 May 2013 15:52:24 -0400

Mike Jackson, CEO of AutoNation Inc. AutoNation Inc. made it official Thursday, removing the Go name from its 18 auto dealerships in metro Denver and replacing it with the AutoNation brand. The Denver Business Journal reported the change was coming in January. Fort Lauderdale, Fla.-based AutoNation (NYSE: AN), the largest auto retailer in the U.S., marked the branding transition by meeting with ...

Revived J.C. Penney could help Bon-Ton stores Hoffman

Thu, 23 May 2013 15:37:45 -0400

Brendan Hoffman outside the downtown Milwaukee Boston Store. J.C. Penney Co.s return to heavier advertising and promotional activity may actually help Boston Store owner Bon-Ton Stores Inc. in shopping centers where both retailers operate, said Bon-Ton president and CEO Brendan Hoffman. Hoffman, answering an analyst question on the companys first-quarter conference call Thursday, said J.C. Penney ...

More suitors surface for Harris Teeter

Thu, 23 May 2013 15:23:48 -0400

Harris Teeter is based in Matthews. Two more private-equity firms have surfaced as possible suitors for Harris Teeter Supermarkets Inc., according to The Wall Street Journal. Cerberus Capital Management LP is considering a number of grocery chains for potential bids, including Harris Teeter, according to the report. The report also says private-equity firm Bain Capital is potentially interested ...

Suburban shopping centers will be auctioned

Thu, 23 May 2013 15:23:43 -0400

Three struggling suburban shopping centers in the Kansas City area will be auctioned off after being taken back by their lender, LNR Property LLC. The three centers were acquired by Henry S. Miller Equity Partners for $70 million in 2006. They are Westbrooke Village, a 236,638-square-foot center in Shawnee; Regency Park, a 201,974-square-foot center in Overland Park; and Pinetree Plaza, a ...

Miami Beach to select convention center developer July 8

Thu, 23 May 2013 15:13:10 -0400

South Beach ACE is one of the development groups vying for the chance to overhaul the Miami Beach Convention Center. Its plan focuses on orienting the convention center toward the east and developing a small amount of retail, in addition to an 800-room hotel as part of the convention center. Miami Beach commissioners will vote July 8 on which of two developers will overhaul its convention center ...

Californias new car industry driving to recovery

Thu, 23 May 2013 15:12:54 -0400

Californians registered more than 400,000 new light vehicles in the first quarter of this year. From Californias new car industry, heres another example of a recovering economy. The California New Car Dealers Association reported today that the Golden States new car market in the first quarter was the strongest first three months of the year since 2008. Californians registered more than 400,000 ...