“Switzer sued over failed business deal - News On 6” plus 4 more

---

• Switzer sued over failed business deal - News On 6
• Teachers examine business side of higher education - Morning Sun
• Chapter ends for Barnes & Noble - State Journal-Register
• UT blaze destroys business, closes part of road - Ogden Standard-Examiner
• Minnesota business by the numbers - Minneapolis Star Tribune

Switzer sued over failed business deal - News On 6 Posted: 01 Jan 2010 01:54 PM PST Associated Press - January 1, 2010 4:55 PM ET NORMAN, Okla. (AP) - Former Oklahoma football coach Barry Switzer is being sued by former OU wrestling coach Stan Abel for $90,000 and damages over a failed business deal. According to court documents, Switzer and Abel - along with former Oklahoma wrestler Mozaffar Jahanguiri - were investors in The Lighthouse Restaurant on Lake Hefner's East Wharf, which failed to become profitable enough for the group and was eventually closed. The lawsuit claims that Abel and Jahanguiri were promised their money back "on numerous occasions" over the years, but Switzer never paid up. According to his voicemail, Switzer is out of the country for several days and unavailable for comment until he returns. Information from: The Norman Transcript, http://www.normantranscript.com Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

Teachers examine business side of higher education - Morning Sun Posted: 02 Jan 2010 03:16 AM PST ROCHESTER (AP) — A new book by brothers and Oakland University teachers Greg and Tom Giberson takes a close look at the business that puts food on their tables. They edited "The Knowledge Economy Academic and the Commodification of Higher Education," published by Hampton Press Inc. and released in late 2009. Tom Giberson is an assistant professor in the Department of Human Resource Development. Greg Giberson is an assistant professor in the Department of Writing and Rhetoric. "The book draws on the expertise of 17 professors from colleges and universities around the globe and addresses a range of topics, from the history of higher education to its current perception as primarily an engine of economic advancement," school writer Eric Reikowski said in a story on Oakland's Web site. Greg Giberson said the idea for the book developed as he and his brother considered the range of issues that now face higher education. "We realized that, although there are many books about how higher education is changing, there are very few intellectual conversations out there that interrogate those changes from the perspective of individual faculty members," he said in a statement. The 17 chapters include one on the development of academic programs for ultra-Orthodox Jews in Israel and another titled "The Standards Movement and the Commodity of American Standardized English." The Gibersons solicited requests for contributions through several Web-based networks and got more than 50 responses, many from non-U.S. educators. Together, they wrote a chapter surveying "the historic role of higher education in society, along with our take on critical challenges facing higher education," Greg Giberson said. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

Chapter ends for Barnes & Noble - State Journal-Register Posted: 01 Jan 2010 03:27 PM PST WHEATON — The Illinois city where Barnes & Noble can trace its origins no longer is home to one of its bookstores. The national bookseller closed its store in the Chicago suburb of Wheaton this week. Though the store had been in the community just 18 years, its history stretches back much further. According to Wheaton author Mary Ann Phemister, Charles M. Barnes started a bookselling business from his home a short distance away from Wheaton College in 1873. Barnes' son later went to New York City, where he founded the company's first bookstore in 1917 with his partner, G. Clifford Noble.   Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

UT blaze destroys business, closes part of road - Ogden Standard-Examiner Posted: 01 Jan 2010 09:46 PM PST CNC Mill Operator/Machinist Quick Turn Precision Machining Licensed Appraiser Weber County Office Specialist President Enable Industries Chemist Weber Basin Water Conservancy District CED Director Ogden City Area Account Manager Swire Coca-Cola of Ogden Psychiatric Nurse Practitioner Island View Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

Minnesota business by the numbers - Minneapolis Star Tribune Posted: 30 Dec 2009 01:28 PM PST Even with the government upping its stake, Treasury officials said the government intends to stick to its policy of leaving day-to-day business decisions about financing to GMAC management. Still, with the additional stake, the government will have the right to appoint two additional directors to the company's board, bringing the total to four of nine, Treasury officials said. GMAC will continue to be subject to executive pay restrictions imposed by the government's pay czar. GMAC was granted bank holding company status a year ago, allowing it to borrow funds from the Federal Reserve and receive a portion of the government's bailout fund. It later failed the government's stress test, largely because of ResCap's big losses. That triggered a Treasury Department requirement that it raise $11.5 billion — including $9.1 billion of new Tier 1 capital — in additional capital this year. When it failed to do so, an extra government infusion became necessary. "By protecting the financial performance and strength of our core automotive finance operations, we expect to increase the pace at which we can fully repay the U.S. taxpayer," Michael Carpenter, GMAC's chief executive, said in a statement on Wednesday. The Treasury Department said the new aid, which comes from a taxpayer-financed bailout fund, is less than the roughly $6 billion the government had earlier thought GMAC would need to steady the company. That's because the impact from General Motors' bankruptcy filing wasn't as severe as originally projected. It marked the third time the government has thrown GMAC a lifeline. Even after the latest capital infusion, the government will likely take steps to help GMAC as it tries to ensure the recovery of GM and Chrysler, said Kirk Ludtke, senior vice president at CRT Capital Group LLC. That includes helping GMAC refinance its debt as it comes due, he said. "The government has come this far, it is not going to destabilize GMAC at this point," he said. GMAC still remains on shaky financial ground. Last month, it reported a quarterly loss of $767 million, though the results were an improvement over a giant loss a year ago. ResCap lost $747 million during the third quarter as homeowners continued to default on their mortgages in large numbers. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

You are subscribed to email updates from Business - Bing News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610