Friday, September 25, 2009

“Citigroup says it has no plans to leave state - Boston Globe” plus 4 more

“Citigroup says it has no plans to leave state - Boston Globe” plus 4 more

Citigroup says it has no plans to leave state - Boston Globe

Posted: 25 Sep 2009 08:58 AM PDT

"We are in the right places, and while we continuously refine our branch locations, we are not anticipating any dramatic changes to our footprint - despite recent media reports to the contrary,'' chief executive Vikram Pandit and another Citigroup executive, Terri Dial, said in the memo, a copy of which was obtained by the Globe.

Coffee shop baristas arrested for exposing themselves - KSDK

Posted: 25 Sep 2009 09:19 AM PDT

NBC -- Five baristas at the Grab-n-Go Espresso, an Everett, Washington coffee stand where baristas wear bikinis, have been charged with prostitution.

Police say the women charged customers to touch their breasts and buttocks, which falls under the city's definition of prostitution.

"Prostitution...touching of the body parts for a fee," Sgt. Robert Goetz said.

The charges come after a two-month undercover investigation this summer by Everett police.

Investigators say the women exposed private parts, posed naked for pictures and allowed customers who paid enough money to touch them.

When officers began their investigation back in July, they said they got an eyeful.

In one instance, detectives say they saw the women spray and lick whipped cream off each other.

In another instance, an undercover cop paid $20 and two baristas allegedly bared their breasts and pulled down their undergarments.

Stand owner Bill Wheeler say the allegations are completely untrue.

"There's no prostitution. There never was, there never will be," he said. "We have a policy in all of our company that if anyone does any illegal activity, they're terminated."

Wheeler says his baristas have been the target of police harassment.

He claims officers have romantically pursued them and when they were rebuffed, the police trumped up charges.

Everett police say that accusation is false.

They said after being flooded with complaints from neighbors and passersby, they launched their undercover investigation.

Sgt. Robert Goetz says the women, ages 18 to 24, were not arrested.

They are expected to be in Municipal Court in a few weeks to answer misdemeanor charges.

People who've driven past the stands say they've gotten an eye full.

"Bikinis I don't have a problem with, but when you're starting to expose yourself -- you've just crossed the line," said Debbie Landry.

Landry and others are glad something's being done.

"I don't appreciate the fact that we can drive by, as a mom with kids," said Charity Psaradelis.

NBC

Publisher resigns from New York daily Newsday - Charleston Daily Mail

Posted: 25 Sep 2009 04:33 AM PDT

BETHPAGE, N.Y. (AP) - Timothy Knight has resigned as publisher of the suburban New York newspaper Newsday, he told staff in a note Wednesday.

"Now is the right time to let others move our business forward," Knight wrote. "I have decided to resign as Publisher," he said.

Knight said Terry Jimenez was appointed acting publisher. Jimenez is publisher of amNewYork, a related paper distributed for free in New York City.

Newsday spokeswoman Deidra Parrish Williams thanked Knight for his service, saying he helped "navigate the paper through one of its darkest chapters."

"We are grateful for Tim's service. His numerous contributions will benefit Newsday for years to come," she said in a staff note. She declined to comment further.

Knight was publisher for five years. His resignation comes after several rounds of job cuts at the Long Island newspaper struggling with declining circulation and a downturn in advertising revenue made worse by the recession.

Cablevision, which bought the newspaper last summer, reported in July that Newsday had an operating loss of $2.6 million.

Newsday was established in 1940 as one of the nation's first daily suburban newspapers.

Ottawa To Review Nortel Sale Of Enterprise Business To Avaya - All Headline News

Posted: 25 Sep 2009 03:57 AM PDT
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September 25, 2009 6:55 a.m. EST

Ottawa, Ontario (AHN) - Although Ottawa allowed the sale of Nortel Network's wireless business to Ericsson Telefonica despite the opposition of Blackberry-maker Research in Motion and some MPs, it is not an assurance Nortel's sale of its enterprise business to Avaya Communications for $900 million would not be opposed by the federal government of Canada.

Industry Minister Tony Clement insisted the sale undergo review under the Investment Act of Canada. Clement explained in a statement, "The Nortel assets being sold to Avaya exceed the threshold set by the Investment Canada Act ($312 million); therefore a review is automatically required."

Clement hinted he would approve the sale if the buyer could only prove its buy in will have a net benefit to Canada.

The sale was earlier opposed by Verizon Communications, which filed a lawsuit before the Delaware bankruptcy court. Verizon was against the sale because Avaya indicated it will not honor Nortel's previous contracts with Verizon, which would place the security of the U.S. at risk since a lot of the equipment Verizon uses have applications used by the military.

The Delaware court ruled in favor of Avaya, although the final sale is still subject to approval by regulatory agencies in the U.S. and Canada.

Following the successful sale of the wireless and enterprises units of Nortel, which is part of the bankruptcy proceeding, Nortel announced this week it will also auction its carrier networks business.

Indiana improves in business tax ranking - Ibj.com

Posted: 25 Sep 2009 08:29 AM PDT

Indiana is becoming more business-friendly, according to the latest national ranking from the Tax Foundation, which moved the state up two places to 12th.

The Tax Foundation is a nonpartisan tax research group based in Washington, D.C. It publishes the report annually as a tool for lawmakers and the business community to gauge how their state's tax system compares to other states.

In the Midwest, Indiana is tops. Michigan ranked 17th, Kentucky 20th, Illinois 30th, and Ohio 47th. 

The report measures five indexes of a state's business tax competitiveness: property tax rates, sales tax, individual tax, corporate tax and unemployment insurance taxes.
 
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