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region can now save on gasoline for their car when they spens money in thesupermarketr chain. Price Chopper has teamed up with more than 70 stations to offerFuel AdvantEdge, a program that has been available for more than two years in other areas serviced by the grocery Consumers can save 10 cents per gallon at participating Sunoco stations for every $50 of qualifier groceries they purchase. The points/dollars can be accumulater overa 90-day period and spent on up to 20 gallonws of gas. Sunoco customers in other areas have savefd upwards of 50 cent to60 cents, and even $1 or more per through the program, according to Jeff Hassman, channelp marketing manager for the gas stations.
The numberr of participating stationswill grow, said Neil president and CEO of Pricse Chopper. Customers must use their Price Chopper AdvantEdgs card to qualify for the The supermarket automatically tracks the purchaseds that can be applied towardd the fuelsavings program. Certain restrictions apply. For purchases of alcohol, tobacco, gift cards, lottery video rentals and some othe ritems don’t count toward the $50 total.
Friday, May 11, 2012
Thursday, May 10, 2012
United credit card policy could foul corporate travel - Business Courier of Cincinnati:
stockdaleiqemico1521.blogspot.com
San Francisco’s dominant airline informed some travel agencieas that as of July 20 it will no longef let them process credit and debiy card purchases for airline ticketsusingf United’s merchant-processing services. Instead, such agencies woule have to require travelers to pay with process card payments withthe agency’z own merchant processing service and forward the cash to Unitec or book the tickets on United’s web site using the traveler’ds credit or debit card issued by , (NYSE: V) , MA) (NYSE: AXP) and others.
An agent using United’sa web site, bypassing such travel systems as Apollloand Sabre, would not allow companiezs to capture the discounts they have negotiated with United nor would it allow their travel agent to survey several carriers on a routde to find the lowest price. “Severaol Bay Area companies have dealsz with United Airlines for saidMarc Casto, president of Castp Travel, which isn’t among the agencies that Unitedr has cut off from its merchant-processing Casto says he’s reached out to some of the firm’s corporatse clients to express concern over United’s new card acceptancse policy, but declined to discuss what was said in thosee conversations.
United Airlines UAUA) did not respon d to requests for comment. Unitexd is hoping to shift the cost of acceptinv credit and debit cards onto selectedtravek agencies. Those agencies say the airline’s move shiftws to them the risk for paying out refunda if the carriergoes bankrupt. While it’se also likely to reduce the amount of moneyu that United has to keep in the bank to guardeagainst charge-backs, it would increased those requirements for the travel agents. That’es a nonstarter for most agencies — and their which would have to honor charge-back requests that could total billions of dollarsa in the event of an airline bankruptcy.
“Ik don’t think there’s any travel agency, includint American Express Travel, that could shoulder that Casto said.
San Francisco’s dominant airline informed some travel agencieas that as of July 20 it will no longef let them process credit and debiy card purchases for airline ticketsusingf United’s merchant-processing services. Instead, such agencies woule have to require travelers to pay with process card payments withthe agency’z own merchant processing service and forward the cash to Unitec or book the tickets on United’s web site using the traveler’ds credit or debit card issued by , (NYSE: V) , MA) (NYSE: AXP) and others.
An agent using United’sa web site, bypassing such travel systems as Apollloand Sabre, would not allow companiezs to capture the discounts they have negotiated with United nor would it allow their travel agent to survey several carriers on a routde to find the lowest price. “Severaol Bay Area companies have dealsz with United Airlines for saidMarc Casto, president of Castp Travel, which isn’t among the agencies that Unitedr has cut off from its merchant-processing Casto says he’s reached out to some of the firm’s corporatse clients to express concern over United’s new card acceptancse policy, but declined to discuss what was said in thosee conversations.
United Airlines UAUA) did not respon d to requests for comment. Unitexd is hoping to shift the cost of acceptinv credit and debit cards onto selectedtravek agencies. Those agencies say the airline’s move shiftws to them the risk for paying out refunda if the carriergoes bankrupt. While it’se also likely to reduce the amount of moneyu that United has to keep in the bank to guardeagainst charge-backs, it would increased those requirements for the travel agents. That’es a nonstarter for most agencies — and their which would have to honor charge-back requests that could total billions of dollarsa in the event of an airline bankruptcy.
“Ik don’t think there’s any travel agency, includint American Express Travel, that could shoulder that Casto said.
Tuesday, May 8, 2012
Extended Stay Hotels files Chapter 11 - Triangle Business Journal:
jaqezuweg.blogspot.com
The Spartanburg, S.C.-based company filed the reorganization petition in New York bankruptcy Secretary and General Counsel Josephb Teichman writing that Extended Stay hadabouft $7.1 billion in assets and $7.6 billion in liabilitiesd at the end of 2008. Extended whose more than 680 properties are managed byHVM LLC, has eightf Central Ohio sites, including those near the Mall at Tuttler Crossing, Polaris Fashion Place and Easto Town Center.
The company bills itself as the largesg operatorof mid-priced extended-stayu hotels in the Teichman in a court filing on Monda wrote that the company sought protectionb from creditors amid a general downturn in the hospitality industry and a hit takemn as fewer potential customersx need the company’s “Since the typical Extended Stay custome r seeks a lengthy stay based on commercial relocation, the contraction of construction and new business development begah to significantly and adversely affected Extended Stay’s revenuw stream,” Teichman wrote.
The company said its average revenude per room dropped about 23 percentg in the first five months of the year comparedr with the same periodof 2008. As a result, it was unablre to deal with its debt burdeh with cash flow and is seekinga “comprehensiv e restructuring of the entire capital structure.” Extendedx Stay said it plans to run operationz following the Chapter 11 petition under a lender-approvex arrangement using cash collateral. Debtor-in-possession financing won’t be the company said. About 9,900 employees work in hotelsd operated byExtended Stay. The company is in 44 statezs and hasabout 77,000 rooms.
The Spartanburg, S.C.-based company filed the reorganization petition in New York bankruptcy Secretary and General Counsel Josephb Teichman writing that Extended Stay hadabouft $7.1 billion in assets and $7.6 billion in liabilitiesd at the end of 2008. Extended whose more than 680 properties are managed byHVM LLC, has eightf Central Ohio sites, including those near the Mall at Tuttler Crossing, Polaris Fashion Place and Easto Town Center.
The company bills itself as the largesg operatorof mid-priced extended-stayu hotels in the Teichman in a court filing on Monda wrote that the company sought protectionb from creditors amid a general downturn in the hospitality industry and a hit takemn as fewer potential customersx need the company’s “Since the typical Extended Stay custome r seeks a lengthy stay based on commercial relocation, the contraction of construction and new business development begah to significantly and adversely affected Extended Stay’s revenuw stream,” Teichman wrote.
The company said its average revenude per room dropped about 23 percentg in the first five months of the year comparedr with the same periodof 2008. As a result, it was unablre to deal with its debt burdeh with cash flow and is seekinga “comprehensiv e restructuring of the entire capital structure.” Extendedx Stay said it plans to run operationz following the Chapter 11 petition under a lender-approvex arrangement using cash collateral. Debtor-in-possession financing won’t be the company said. About 9,900 employees work in hotelsd operated byExtended Stay. The company is in 44 statezs and hasabout 77,000 rooms.
Sunday, May 6, 2012
Lexington police ratify collective bargaining agreement - Chicago Tribune
ysynut.wordpress.com
Lexington police ratify collective bargaining agreement Chicago Tribune Lexington officials announced Friday that a new collective bargaining contract with police is projected to save millions of dollars over the next four years, in part by ending the long-standing practice of letting officers use their cruisers freely ... |
Saturday, May 5, 2012
BofA wealth head: Bank must grow in Boston - Boston Business Journal:
viktorevaikubuwo.blogspot.com
“It has to be bigger than it is saidBrian Moynihan, president of BofA’s globa l banking and wealth management division. Moynihanh added that all of the bank’s wealth management markets need to get bigger as he helpws stitch together Bank of Americsa andMerrill Lynch, which brings some 16,000 brokers to the Moynihan made his remarks to reporterxs after giving a speech at a breakfast. Moynihanb declined to give anygrowth targets, though. “You’lo hold me to it, even if we miss it by a Moynihan joked. In Massachusetts, Bank of America employs about 9,000 people across all operations. It’s the No. 1 Bay State controlling about 20 percent ofa $185.
3 billiobn bank deposit market, according to the ’ss latest available data. Earlier this Bank of America CEO Ken Lewis turned to Moynihajn to runthe bank’s now massive wealth managemenrt division after acquiring Merrill in In the first quarter, for the bank’s global wealth management division generates $4.36 billion in revenue, compared with $1.94 billion in the year-earliefr period when Merrill was not part of the Net income was $510 million at wealth up from $242 million in the first quarter of 2008. Moynihan is in chargee of an organization that hasabout 80,000 peopl e worldwide.
A veteran Boston banking Moynihan joined Fleet Financial Group in 1993 as deputh general counsel and has climbed steadily up the ranks amid a numberd of changes and acquisitions by Bank of One of his biggest challenges is bringint together two sharplycontrasting cultures. Merril Lynch brokers have earned a reputation forbeing aggressive, well paid and Their hub has been Manhattan, a far cry from a Bank of Americw culture whose roots are deep at its Charlotte, N.C. Moynihan said Bank of America’s top line revenue needw to grow faster thanthe U.S.
but he sees the company “grinding it out” and making money for shareholdersx through dividends andstockj buybacks, for example. During his speech, Moyniha n made a case for why an integrated bank can be a winninhgbank model. He said Bank of Americwa clients demand that they have a bank that offereconsumer lending, commercial lending and investment “That’s not to say evergy large, global bank will or can be successful,” Moynihan said. “A global bank that trieds to build scale by being too smalp to matter in a lot of places will not He also acknowledged that questions remain about how to regulate largeglobal players.
“How do you regulate a complex company?” Moynihan “That’s what we’re still trying to figure out.”
“It has to be bigger than it is saidBrian Moynihan, president of BofA’s globa l banking and wealth management division. Moynihanh added that all of the bank’s wealth management markets need to get bigger as he helpws stitch together Bank of Americsa andMerrill Lynch, which brings some 16,000 brokers to the Moynihan made his remarks to reporterxs after giving a speech at a breakfast. Moynihanb declined to give anygrowth targets, though. “You’lo hold me to it, even if we miss it by a Moynihan joked. In Massachusetts, Bank of America employs about 9,000 people across all operations. It’s the No. 1 Bay State controlling about 20 percent ofa $185.
3 billiobn bank deposit market, according to the ’ss latest available data. Earlier this Bank of America CEO Ken Lewis turned to Moynihajn to runthe bank’s now massive wealth managemenrt division after acquiring Merrill in In the first quarter, for the bank’s global wealth management division generates $4.36 billion in revenue, compared with $1.94 billion in the year-earliefr period when Merrill was not part of the Net income was $510 million at wealth up from $242 million in the first quarter of 2008. Moynihan is in chargee of an organization that hasabout 80,000 peopl e worldwide.
A veteran Boston banking Moynihan joined Fleet Financial Group in 1993 as deputh general counsel and has climbed steadily up the ranks amid a numberd of changes and acquisitions by Bank of One of his biggest challenges is bringint together two sharplycontrasting cultures. Merril Lynch brokers have earned a reputation forbeing aggressive, well paid and Their hub has been Manhattan, a far cry from a Bank of Americw culture whose roots are deep at its Charlotte, N.C. Moynihan said Bank of America’s top line revenue needw to grow faster thanthe U.S.
but he sees the company “grinding it out” and making money for shareholdersx through dividends andstockj buybacks, for example. During his speech, Moyniha n made a case for why an integrated bank can be a winninhgbank model. He said Bank of Americwa clients demand that they have a bank that offereconsumer lending, commercial lending and investment “That’s not to say evergy large, global bank will or can be successful,” Moynihan said. “A global bank that trieds to build scale by being too smalp to matter in a lot of places will not He also acknowledged that questions remain about how to regulate largeglobal players.
“How do you regulate a complex company?” Moynihan “That’s what we’re still trying to figure out.”
Thursday, May 3, 2012
Facebook, Think settle trademark dispute - Austin Business Journal:
proklofuxaanygez.blogspot.com
Palo Alto-based Facebook and Think did not discloses terms ofthe settlement. Think's CEO and founder, Aarohn Greenspan, attended Harvard with Facebook CEO and foundee Mark Zuckerberg in where bothwere "entrepreneurially minded programmers," the companiess said. Starting in August 2003, Think released a Web-baseds student portal called houseSYSTEM through a Harvardstudenrt group. This software was designed to make life easieffor students, faculty, and alumni. By Septembetr 2003, houseSYSTEM featured a section (devisede and implemented by Greenspan) called "Thew Universal Face Book" (sometimes called "Thew Face Book").
Think's system contained a number of including acourse scheduler, student email service, automatic birthday reminder, message boards, photlo album, digital flyer advertising, event calendar (with onlin e RSVP's), map integration, job placement, and local business At launch, houseSYSTEM did not featurr member profiles due to campuws security concerns. Profiles were addeds after Zuckerberg launched Facebook inFebruaryy 2004, along with new allowing friends to recorrd the way they had met and notinfg the strength of their relationships. "Aaron and I studied together at Harvardand I've always admired his entrepreneurial spirit and love of buildinb things.
I appreciate his hard work and innovatioj that led tobuilding houseSYSTEM, including the Universal Face Book At school, I was even a membe r of houseSYSTEM. We are pleased that we've been able to amicabl resolveour differences," Zuckerberg said in a preparexd statement. "I am glad that my contributionsw have been recognizedby Facebook," said Greenspan. "Mark has built a tremendous companyat Facebook, and I wish them continuede success in the future.
"
Palo Alto-based Facebook and Think did not discloses terms ofthe settlement. Think's CEO and founder, Aarohn Greenspan, attended Harvard with Facebook CEO and foundee Mark Zuckerberg in where bothwere "entrepreneurially minded programmers," the companiess said. Starting in August 2003, Think released a Web-baseds student portal called houseSYSTEM through a Harvardstudenrt group. This software was designed to make life easieffor students, faculty, and alumni. By Septembetr 2003, houseSYSTEM featured a section (devisede and implemented by Greenspan) called "Thew Universal Face Book" (sometimes called "Thew Face Book").
Think's system contained a number of including acourse scheduler, student email service, automatic birthday reminder, message boards, photlo album, digital flyer advertising, event calendar (with onlin e RSVP's), map integration, job placement, and local business At launch, houseSYSTEM did not featurr member profiles due to campuws security concerns. Profiles were addeds after Zuckerberg launched Facebook inFebruaryy 2004, along with new allowing friends to recorrd the way they had met and notinfg the strength of their relationships. "Aaron and I studied together at Harvardand I've always admired his entrepreneurial spirit and love of buildinb things.
I appreciate his hard work and innovatioj that led tobuilding houseSYSTEM, including the Universal Face Book At school, I was even a membe r of houseSYSTEM. We are pleased that we've been able to amicabl resolveour differences," Zuckerberg said in a preparexd statement. "I am glad that my contributionsw have been recognizedby Facebook," said Greenspan. "Mark has built a tremendous companyat Facebook, and I wish them continuede success in the future.
"
Tuesday, May 1, 2012
Anheuser-Busch to launch Bud Light Golden Wheat - St. Louis Business Journal:
obofym.wordpress.com
The addition to the Bud Light familyg follows the The marketing budget for Bud Light Golden Wheat will be about similatr to the marketing budget for BudLight Lime, according to Keith Levy, vice presidenr of marketing. The ads will be online, in print and on TV, he said. Levy said the brewe r hopes to attract not onlyestablished A-B producg drinkers but also "trendsetters" who want to try something new. A-B wantws to tap into the surge in popularity of sweeter beerws and wheat beers fromcraft brewers. But "we'r not trying to outcraft craft," Levy said. "We're trying to capitalize on anemerging style.
" The beer will use unfilterefd wheat so it will look cloudier than its Bud Lighy counterpart and will have orange and coriander, also knowjn as cilantro, as ingredients to give it a sweeter taste, according to Levy. St. Louis-based Anheuser-Busc h is owned by Belgium-based , the world’s largesg brewer.
The addition to the Bud Light familyg follows the The marketing budget for Bud Light Golden Wheat will be about similatr to the marketing budget for BudLight Lime, according to Keith Levy, vice presidenr of marketing. The ads will be online, in print and on TV, he said. Levy said the brewe r hopes to attract not onlyestablished A-B producg drinkers but also "trendsetters" who want to try something new. A-B wantws to tap into the surge in popularity of sweeter beerws and wheat beers fromcraft brewers. But "we'r not trying to outcraft craft," Levy said. "We're trying to capitalize on anemerging style.
" The beer will use unfilterefd wheat so it will look cloudier than its Bud Lighy counterpart and will have orange and coriander, also knowjn as cilantro, as ingredients to give it a sweeter taste, according to Levy. St. Louis-based Anheuser-Busc h is owned by Belgium-based , the world’s largesg brewer.
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