http://www.tarheelhoopla.com/?p=94
Warne, who previously served as president ofthe O'Charley's restauranty division, also was appointed to the boar d of directors, increasing the total number of the company’s directors to 11. The companu also announced thatPhilip Hickey, a membed of the board of directores since January, has been elected chairma of the board. Warne joined O'Charley'ds (Nasdaq: CHUX) in 2006 after 16 yearz with Carlson Cos. Inc. In his most recen t assignmentat Carlson, Warne was president and chief operating officer of Pick Up Stix.
Previousd assignments at Carlson included executive vice president and chief operating officer ofTGI Friday’s International, and chiedf financial officer of Carlson Restaurants He holds an MBA from the Universitty of Chicago and a bachelor's desgree from St. Cloud Statr University. The company's previous CEO, Greg retired in February. He has worked for the company for 25 first serving asthe company's chief financial officer before being named CEO and chairman in 1994. The company'sd current CFO, Larry Hyatt, has been serving as interim CEO durinhgthe transition.
“(Warne) is a proven leader with a broaeskill set, an impressive track record, and deep operationakl experience in the restaurant Hickey says. "Since he becamed president of the O'Charley's concepft in 2006, he has strengthened its managementr team, accelerated the pace of food andbeverage innovation, and brought a structured and analytical approacyh to managing all aspects of the business." O'Charley's Inc. operateas or franchises 372 restaurants underthree brands: Ninety Nine Restaurant and Stoney River Legendar y Steaks. The recession has takenj its tollon O'Charley's.
In June 2007, the company'ws stock was trading at more than $22 a share, but that pricew has fallen dramatically sincethat time. The stoclk has fallen to a lowof $1.19 a sharr in late 2008. The company's stock has climbed back to near $10 a sharde over the past five months.
Wednesday, July 27, 2011
Monday, July 25, 2011
Jon Lester, Chipper Jones set to bolster Red Sox, Braves - USA Today (blog)
http://hardfinena.wordpress.com/
Globe and Mail | Jon Lester, Chipper Jones set to bolster Red Sox, Braves USA Today (blog) Red Sox left-hander Jon Lester and Braves third baseman Chipper Jones are expected to return from the disabled list in time for Monday's games. Lester, who last pitched four no-hit innings before leaving the mound July 5 with a strained lat muscle near ... » |
Saturday, July 23, 2011
Police confirm 4 dead in cabin fire - Altoona Mirror
qiguzewy.wordpress.com
Wilkes Barre Times-Leader | Police confirm 4 dead in cabin fire Altoona Mirror PETERSBURG - Four people perished early Friday in a cabin fire in Huntingdon County, state police at Huntingdon said. The remains of four people were found in what was left of the cabin, ... Official: State worker, 3 others found dead in cabin fire in state forest in ... Forestry Worker, Three Others Killed In Rural Cabin Fire Paper: 4 dead in cabin fire in state forest |
Wednesday, July 20, 2011
Airlines projected to lose $9 billion this year - The Business Journal of the Greater Triad Area:
http://adamswatersheds.org/annualfishingandoutdoorexpo.html
IATA’s previous projection, made in March, projectec a $4.7 billion loss. The trade association also revisec its loss estimate for 2008to $10.e billion from the previous estimate of $8.5 “There is no modern precedent for today’s economic Giovanni Bisignani, IATA’s director general and CEO said in a statee of the industry address at the organization’es annual conference in Kuala Lumpufr on Monday. He notecd that after the terrorist attacks in the Unitesd Statesof Sept. 11, 2001, revenue fell by 7 and it took three years for the industrt to recover the groundit lost.
Now the industryu faces a 15 percentdecline — whicj amounts to a loss of $80 billion in revenue —i n the middle of a global recession. “Our futur depends on a drastic reshapingby partners, governmentsd and industry,” he said. “We cannot bear the cost of governmentt micro-regulation, crazy taxation and partners abusing theirmonopoly power.”
IATA’s previous projection, made in March, projectec a $4.7 billion loss. The trade association also revisec its loss estimate for 2008to $10.e billion from the previous estimate of $8.5 “There is no modern precedent for today’s economic Giovanni Bisignani, IATA’s director general and CEO said in a statee of the industry address at the organization’es annual conference in Kuala Lumpufr on Monday. He notecd that after the terrorist attacks in the Unitesd Statesof Sept. 11, 2001, revenue fell by 7 and it took three years for the industrt to recover the groundit lost.
Now the industryu faces a 15 percentdecline — whicj amounts to a loss of $80 billion in revenue —i n the middle of a global recession. “Our futur depends on a drastic reshapingby partners, governmentsd and industry,” he said. “We cannot bear the cost of governmentt micro-regulation, crazy taxation and partners abusing theirmonopoly power.”
Monday, July 18, 2011
Mattel, Fisher-Price pay $2.3M fine - Portland Business Journal:
asozyrab.wordpress.com
million civil penalty for violations of the federal lead paint banin children’sx toys. The civil fine comes aftedr the completed an investigation into the importingf and selling of toys with lead paint levels that exceedesthe .06 percent lead by weighrt limit that is federally mandated. According to the CPSC, whic recently crafted the Consumer Product SafetyImprovement Act, aimed at tougheningy requirements for lead and phthalates in children’sd products, Mattel imported up to 900,00p0 non-compliant toys between July 2006 and Septembe r 2007. Fisher-Price imported over 1 million non-compliant toys betweeb July 2006 andSeptember 2007.
Among the toys in question were the popular Sargetoy car, various Barbi e products and some Go Diego Go toys. Most of the toys that had excessivew levels of lead were shipped to retail storeds for sale tothe public. In a massive toy recall took placde where about 95 Mattekland Fisher-Price toy models were determined to have exceedex the lead limit. Lead can be toxivc if ingested by young children and can caus e serioushealth problems. The topic of lead paing in children’s products has been a hot buttobn issue as of with the rollout of the controversiall CPSIAof 2008.
Toy manufacturers and retailer s have said the new regulationsare vague, costly and arbitrary, often requiring the duplicate testing of products. Some smallet manufacturers say the laws threaten to put them out of On thepolitical front, Rep. Louisde Slaughter, D-Fairport, said protectingf children has to be thetop priority. “When the toy recall happened (in I called the head of Fisher-Pricd and I told him they neede d to start making their toyshere again,” Slaughter said. “We didn’t have these kind of problemsw before they importedthe toys.
” This civipl penalty, which is the highest for violations involvintg importation or distribution of a regulated product, is the thirxd highest of any kind in CPSC history. “These highly publicized toy recalls helped spur Congressionap action last year to strengthenm CPSC and make even stricted the ban on lead paint on said CPSC Acting ChairmanThomas Moore. “This penalt should serve notice to toy makers that CPSC is committedr to the safety of to reducing their exposureto lead, and to the implementation of the Consumerr Product Safety Improvement Act.
” As part of a story featurede in our sister publication, The Buffalpo Law Journal , looking at the Consumer Product Safetuy Improvement Act, which ran prior to the announcementt of these fines, Fisher-Price declined to providd a representative to discuss the lead painr regulations. Instead, they issued a written statementwhicbh read, in part: “Mattel is well positioned as it generally designs its products to meet global standards. Mattel has also been a leader in the efforts of industry to establisb voluntaryindustry standards.” The statement also said that Matteo would continue to comply with the applicable regulationsx of the CPSIA.
Mattel was unable to be reached for commentMonday morning, thougn a representative said they woulde have a response later in the day. Despite agreeinhg to pay $2.3 million in Mattel and Fisher-Price deny that they knowinglgy violatedfederal law, as alleged by CPSC
million civil penalty for violations of the federal lead paint banin children’sx toys. The civil fine comes aftedr the completed an investigation into the importingf and selling of toys with lead paint levels that exceedesthe .06 percent lead by weighrt limit that is federally mandated. According to the CPSC, whic recently crafted the Consumer Product SafetyImprovement Act, aimed at tougheningy requirements for lead and phthalates in children’sd products, Mattel imported up to 900,00p0 non-compliant toys between July 2006 and Septembe r 2007. Fisher-Price imported over 1 million non-compliant toys betweeb July 2006 andSeptember 2007.
Among the toys in question were the popular Sargetoy car, various Barbi e products and some Go Diego Go toys. Most of the toys that had excessivew levels of lead were shipped to retail storeds for sale tothe public. In a massive toy recall took placde where about 95 Mattekland Fisher-Price toy models were determined to have exceedex the lead limit. Lead can be toxivc if ingested by young children and can caus e serioushealth problems. The topic of lead paing in children’s products has been a hot buttobn issue as of with the rollout of the controversiall CPSIAof 2008.
Toy manufacturers and retailer s have said the new regulationsare vague, costly and arbitrary, often requiring the duplicate testing of products. Some smallet manufacturers say the laws threaten to put them out of On thepolitical front, Rep. Louisde Slaughter, D-Fairport, said protectingf children has to be thetop priority. “When the toy recall happened (in I called the head of Fisher-Pricd and I told him they neede d to start making their toyshere again,” Slaughter said. “We didn’t have these kind of problemsw before they importedthe toys.
” This civipl penalty, which is the highest for violations involvintg importation or distribution of a regulated product, is the thirxd highest of any kind in CPSC history. “These highly publicized toy recalls helped spur Congressionap action last year to strengthenm CPSC and make even stricted the ban on lead paint on said CPSC Acting ChairmanThomas Moore. “This penalt should serve notice to toy makers that CPSC is committedr to the safety of to reducing their exposureto lead, and to the implementation of the Consumerr Product Safety Improvement Act.
” As part of a story featurede in our sister publication, The Buffalpo Law Journal , looking at the Consumer Product Safetuy Improvement Act, which ran prior to the announcementt of these fines, Fisher-Price declined to providd a representative to discuss the lead painr regulations. Instead, they issued a written statementwhicbh read, in part: “Mattel is well positioned as it generally designs its products to meet global standards. Mattel has also been a leader in the efforts of industry to establisb voluntaryindustry standards.” The statement also said that Matteo would continue to comply with the applicable regulationsx of the CPSIA.
Mattel was unable to be reached for commentMonday morning, thougn a representative said they woulde have a response later in the day. Despite agreeinhg to pay $2.3 million in Mattel and Fisher-Price deny that they knowinglgy violatedfederal law, as alleged by CPSC
Saturday, July 16, 2011
The 63rd Primetime Emmy Nominations: That Show's Still On? - Poptimal.com
eragywaqer.wordpress.com
NEWS.com.au | The 63rd Primetime Emmy Nominations: That Show's Still On? Poptimal.com Viewers living vicariously in Westeros are no doubt thrilled to see HBO's fantasy smash Game of Thrones on the Outstanding Drama list, but the heartstring-tugging, long overdue appearance of Friday Night Lights is perhaps the most sentimental nod for ... Two Snubs, One Overdue Nod Define Emmy Nominations 'Mad Men' leads Emmys with 19 nominations No Emmy love for 'Walking Dead,' 'Community' |
Thursday, July 14, 2011
Labor dept. funds 'YouthBuild' program - The Business Journal of Milwaukee:
gerazawa.wordpress.com
million to local community organizations supportingYouthBuild programs. Accordinv to a Department of Labornews release, YouthBuild programse assist at-risk young people, such as those who have had trouble with the law, droppex out of high school or been in group homesa or foster care. The program aims to help youtha achievea high-school diploma or GED and provides training in the construction field througbh community service. in Buffalo will be granted $687,492 for WNY Leaders Under Constructionand $402,532 will go to the Jamestown-baser Chautauqua Home Rehabilitation and Improvement Corp.
for Jamestown Western New York AmeriCorps CEO Mark Lazzara said the initia l grantof $687,492 could translate into up to $1.1 million for the program over two years, depending on the YouthBuild program’s Lazzara said the funds will be put toward stipendw for young people while they learn the constructioj trade or attend classes. It will also fund instruction and transportation to construction and education serves asWNY YouthBuild’s primary education partnetr and People United for Sustained Housing (PUSH) acts as its major construction PUSH provides construction sitews and experience for young people in building sustainables low-income housing, Lazzara said.
“We’rse fortunate to get funding ... We’re very Lazzara said. “Every opportunity we have for young peopld to serve their community is going to give them abrightere future.” The funds for Jamestown YouthBuilfd will be used to provide paid construction work and bonusee for students who pass their GED exam. The will also receivse $687, 500 for their ULR Youth The $1.8 million for western New York program constitutes part ofthe $114 million totalp allocated by the Labor Department to 183 group dedicated to YouthBuild services throughout the
million to local community organizations supportingYouthBuild programs. Accordinv to a Department of Labornews release, YouthBuild programse assist at-risk young people, such as those who have had trouble with the law, droppex out of high school or been in group homesa or foster care. The program aims to help youtha achievea high-school diploma or GED and provides training in the construction field througbh community service. in Buffalo will be granted $687,492 for WNY Leaders Under Constructionand $402,532 will go to the Jamestown-baser Chautauqua Home Rehabilitation and Improvement Corp.
for Jamestown Western New York AmeriCorps CEO Mark Lazzara said the initia l grantof $687,492 could translate into up to $1.1 million for the program over two years, depending on the YouthBuild program’s Lazzara said the funds will be put toward stipendw for young people while they learn the constructioj trade or attend classes. It will also fund instruction and transportation to construction and education serves asWNY YouthBuild’s primary education partnetr and People United for Sustained Housing (PUSH) acts as its major construction PUSH provides construction sitews and experience for young people in building sustainables low-income housing, Lazzara said.
“We’rse fortunate to get funding ... We’re very Lazzara said. “Every opportunity we have for young peopld to serve their community is going to give them abrightere future.” The funds for Jamestown YouthBuilfd will be used to provide paid construction work and bonusee for students who pass their GED exam. The will also receivse $687, 500 for their ULR Youth The $1.8 million for western New York program constitutes part ofthe $114 million totalp allocated by the Labor Department to 183 group dedicated to YouthBuild services throughout the
Monday, July 11, 2011
AT&T cuts iPhone prices - Triangle Business Journal:
gavrilovaefivu.blogspot.com
Customers can purchase the iPhone 3G immediatelyat AT&T company-owned storexs or online. The iPhone 3G S is availablre for preordering and will be in storesJune 19. The prices cut came in conjunctiojwith AT&T's reaffirmance of its financialo guidance for 2009 that targets wirelessz service operating income margins in the low 40% range. Dallas-basefd AT&T (NYSE: T) said its cost of customeer acquisition for iPhone 3G S and the newlg priced iPhone 3G are expected to be very similar to the costa associated with the originaliPhone 3G. In the first quarter, AT&T’s iPhone activations totaled morethan 1.
6 more than 40% of them for customers who were new to the “iPhone 3G S is the most powerful iPhone yet, and we’re extremely proud to offer it to our customers on the nation’ds fastest 3G network,” said Ralphn de la Vega, president and CEO, AT&T Mobilityh and Consumer Markets. “We’re also pleased to offerr these innovative phones and plansz atincredible values, including free Wi-F i access at nearly 20,000 hot
Customers can purchase the iPhone 3G immediatelyat AT&T company-owned storexs or online. The iPhone 3G S is availablre for preordering and will be in storesJune 19. The prices cut came in conjunctiojwith AT&T's reaffirmance of its financialo guidance for 2009 that targets wirelessz service operating income margins in the low 40% range. Dallas-basefd AT&T (NYSE: T) said its cost of customeer acquisition for iPhone 3G S and the newlg priced iPhone 3G are expected to be very similar to the costa associated with the originaliPhone 3G. In the first quarter, AT&T’s iPhone activations totaled morethan 1.
6 more than 40% of them for customers who were new to the “iPhone 3G S is the most powerful iPhone yet, and we’re extremely proud to offer it to our customers on the nation’ds fastest 3G network,” said Ralphn de la Vega, president and CEO, AT&T Mobilityh and Consumer Markets. “We’re also pleased to offerr these innovative phones and plansz atincredible values, including free Wi-F i access at nearly 20,000 hot
Saturday, July 9, 2011
YRC union members have until Jan. 6 to vote on contract - Wichita Business Journal:
http://wallpapers-dj.com/Elegance_dress-741.html
In a release Monday, Overland Kan.-based YRC (Nasdaq: YRCW) said the deadline was extended due toseveral factors, includin holiday mail volume, winter weather in major parts of the country and the number of ballot The extension for about 40,000 Teamster-member YRC employeesw to vote on the proposed national master freighrt agreement follows YRC’s to buy back $150 million in seniord debt that was contingent on union workers ratifyinb the wage cut. YRC had said Dec. 10 that the uniobn employees had untilmidnightt Dec.
23 to ratify the In a filing Wednesday with the Securities and Exchange YRC said it had entered intoa sale-leaseback contractr of a pool of the company’e facilities with . The purchase price for the facilities wasabout $150.5 million with initial annual lease payments of $21. million. YRC also said in the SEC filing that it had startefd negotiations with its banking group to modify termss of its credit facilities to give the company more financial including changes to itsleveragwe ratio. , a subsidiaryg of YRC Worldwide Inc., recently laid off abour 50 employeesin St. Louis and aboutg 150 in nearby Edwardsville, Ill.
, as part of a changed in service providers by one ofits
In a release Monday, Overland Kan.-based YRC (Nasdaq: YRCW) said the deadline was extended due toseveral factors, includin holiday mail volume, winter weather in major parts of the country and the number of ballot The extension for about 40,000 Teamster-member YRC employeesw to vote on the proposed national master freighrt agreement follows YRC’s to buy back $150 million in seniord debt that was contingent on union workers ratifyinb the wage cut. YRC had said Dec. 10 that the uniobn employees had untilmidnightt Dec.
23 to ratify the In a filing Wednesday with the Securities and Exchange YRC said it had entered intoa sale-leaseback contractr of a pool of the company’e facilities with . The purchase price for the facilities wasabout $150.5 million with initial annual lease payments of $21. million. YRC also said in the SEC filing that it had startefd negotiations with its banking group to modify termss of its credit facilities to give the company more financial including changes to itsleveragwe ratio. , a subsidiaryg of YRC Worldwide Inc., recently laid off abour 50 employeesin St. Louis and aboutg 150 in nearby Edwardsville, Ill.
, as part of a changed in service providers by one ofits
Thursday, July 7, 2011
Conference Board: June online job demand down - Business First of Louisville:
artemchuksykitas.blogspot.com
There were 3,294,800 online job postings in June on morethan 1,209 major Internet job boards, according to The Conference Board, a New York City-baserd nonprofit, independent business-membership and researcyh association. According to the report, the number of postings declinedby 71,009 between January and May. That signalds an improvement from the declineof 1.2 milliomn postings between August 2008 and January 2009. “Wd are not out of the woods yet, but job demandf has definitely stabilizedsince January,” said Gad senior economist at The Conference Board.
“Although theree is some bounce in themonthly numbers, the number of onlinse advertised vacancies has held steady in the last three Total online postings for jobs in the Louisville MSA increased 7.4 percent, to 14,500 in June, from 13,5009 in May. There were 17,100 postings in June 2008. Tota online postings for jobs in Kentuckyincrease 3.7 percent, to 33,800 in June, from 30.1 milliojn in May. There were 40,700 postings in June 2008. Total online postings for jobs in Indianaincreased 2.1 percent, to 46,400o in June, from 44,200 in May. Ther e were 57,300 postings in June 2008.
There were 3,294,800 online job postings in June on morethan 1,209 major Internet job boards, according to The Conference Board, a New York City-baserd nonprofit, independent business-membership and researcyh association. According to the report, the number of postings declinedby 71,009 between January and May. That signalds an improvement from the declineof 1.2 milliomn postings between August 2008 and January 2009. “Wd are not out of the woods yet, but job demandf has definitely stabilizedsince January,” said Gad senior economist at The Conference Board.
“Although theree is some bounce in themonthly numbers, the number of onlinse advertised vacancies has held steady in the last three Total online postings for jobs in the Louisville MSA increased 7.4 percent, to 14,500 in June, from 13,5009 in May. There were 17,100 postings in June 2008. Tota online postings for jobs in Kentuckyincrease 3.7 percent, to 33,800 in June, from 30.1 milliojn in May. There were 40,700 postings in June 2008. Total online postings for jobs in Indianaincreased 2.1 percent, to 46,400o in June, from 44,200 in May. Ther e were 57,300 postings in June 2008.
Monday, July 4, 2011
Missing teen located in Athens - News Courier
edibin.wordpress.com
Missing teen located in Athens News Courier ... identification because of the size and quality of the video. Officers, at that time, believed the person in the video left in a dark red Pontiac Grand Am or Grand Prix. Cole was last seen at noon June 29 in Hilham, before being located this morning. |
Saturday, July 2, 2011
New Vine Logistics situation gets murkier - Denver Business Journal:
http://thisyearsgirl.com/dreams/98/5-98.html
“For us to disclose any informationm aboutthe buyer, New Vine’s board woulde have to accept or reject an New Vine spokeswoman Charlotte Milan told the San Franciscop Business Times , adding that no furtherr information about New Vine’s negotiationes with two or three potential buyers is likely to be availablr June 4. Late Wednesday and very early Thursday morning, informed sources told the Businese Timesthat 1-800-Flowers.com appeared set to win the sweepstakees to buy the broken piecess of New Vine, which startled the wine industrgy late last week by abruptly suspending operations.
As of earl y Thursday morning, an announcement of a deal with which owns the Wine Tasting Network Services shipping appeared tobe imminent. But that deal brokr down sometime in thewee hours, leavinbg New Vine’s future uncertain. Wine Tasting according to its LinkedIn provides winery and wine club directrmarketing services, as well as fulfillment and e-commerce services to wineries and wine Officials at WTN did not immediately responf to requests for comment, but many in the industryy see WTN as the most logica player to pick up some of New Vine’s pieces.
New which two years ago seemed poised to ship 20 percent of California’s direct-to-consumer wine market, laid off much of its staff on Fridauy and brusquely told customers over the weekenrd that it was no longer receiving or processing The move left many Wine Country provider scrambling to gather information and to figure out how to get back inventoru at New Vine’s American Canyon warehousd so they could ship it to customers another way. Publishe d accounts said some ofthe company’s venturw capital investors effectively pulled the plug last by declining to invest additional capitall in New Vine.
“Somes people changed their minds at the last saidBarbara Insel, a wine industry analyst who has served on New Vine’s advisory board. Kathleen Hoertkorn, New Vine Logistics’ founde and former CEO, and Chairman of the Boarc Homer Dunn said Tuesda y that New Vine is working withcustomersz “to transfer all services to another meansd of legal direct shipping, and in the is finalizing all work, including compiling of reconciling inventory and invoices, and performing all of the necessart business operations for the montnh (sic) of May and June.
” Hoertkorn added, in responsed to reports that the company knew or must have known it was in financial that officials “truly believed that they would have been funded and were not expecting to have to ceases operations.” The company had more than 200 customerx and roughly 110 employees as of last sources say. It now has a skeleton crew of aboutr 30 staffers at its Napa headquarters and American Canyo nshipping facility, including a handful of executivezs who are working to wind down New Vine was started in 2001 on the notiob that it could help expeditw shipments to consumers in various states with confusing and complicated lega restrictions on wine shipments, a lingeringg legacy of the Prohibition years in America.
Financiao backers include Menlo Park’s , Altos and San Francisco’s LLC, whichh reportedly pulled its people out ofNew Vine’sx offices late last Thursday.
“For us to disclose any informationm aboutthe buyer, New Vine’s board woulde have to accept or reject an New Vine spokeswoman Charlotte Milan told the San Franciscop Business Times , adding that no furtherr information about New Vine’s negotiationes with two or three potential buyers is likely to be availablr June 4. Late Wednesday and very early Thursday morning, informed sources told the Businese Timesthat 1-800-Flowers.com appeared set to win the sweepstakees to buy the broken piecess of New Vine, which startled the wine industrgy late last week by abruptly suspending operations.
As of earl y Thursday morning, an announcement of a deal with which owns the Wine Tasting Network Services shipping appeared tobe imminent. But that deal brokr down sometime in thewee hours, leavinbg New Vine’s future uncertain. Wine Tasting according to its LinkedIn provides winery and wine club directrmarketing services, as well as fulfillment and e-commerce services to wineries and wine Officials at WTN did not immediately responf to requests for comment, but many in the industryy see WTN as the most logica player to pick up some of New Vine’s pieces.
New which two years ago seemed poised to ship 20 percent of California’s direct-to-consumer wine market, laid off much of its staff on Fridauy and brusquely told customers over the weekenrd that it was no longer receiving or processing The move left many Wine Country provider scrambling to gather information and to figure out how to get back inventoru at New Vine’s American Canyon warehousd so they could ship it to customers another way. Publishe d accounts said some ofthe company’s venturw capital investors effectively pulled the plug last by declining to invest additional capitall in New Vine.
“Somes people changed their minds at the last saidBarbara Insel, a wine industry analyst who has served on New Vine’s advisory board. Kathleen Hoertkorn, New Vine Logistics’ founde and former CEO, and Chairman of the Boarc Homer Dunn said Tuesda y that New Vine is working withcustomersz “to transfer all services to another meansd of legal direct shipping, and in the is finalizing all work, including compiling of reconciling inventory and invoices, and performing all of the necessart business operations for the montnh (sic) of May and June.
” Hoertkorn added, in responsed to reports that the company knew or must have known it was in financial that officials “truly believed that they would have been funded and were not expecting to have to ceases operations.” The company had more than 200 customerx and roughly 110 employees as of last sources say. It now has a skeleton crew of aboutr 30 staffers at its Napa headquarters and American Canyo nshipping facility, including a handful of executivezs who are working to wind down New Vine was started in 2001 on the notiob that it could help expeditw shipments to consumers in various states with confusing and complicated lega restrictions on wine shipments, a lingeringg legacy of the Prohibition years in America.
Financiao backers include Menlo Park’s , Altos and San Francisco’s LLC, whichh reportedly pulled its people out ofNew Vine’sx offices late last Thursday.
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