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Reports: Paula Deen restaurant closes PDF  | Print |  E-mail
Written by Associated Press   
Friday, 04 April 2014 06:18

SAVANNAH, Ga. (AP) — A wildly popular Georgia restaurant at the center of a lawsuit that left the reputation of famed Southern celebrity cook Paula Deen in shambles has reportedly closed.

Uncle Bubba's Seafood & Oyster House announced the closure Thursday on its Facebook page, The Savannah Morning News (http://bit.ly/1owsS1s) and WSAV television (http://bit.ly/1gseldc) reported.

"Thank you for 10 great years. Uncle Bubba's is now closed," the Facebook message said.

Deen's brother, restaurant operator Bubba Hiers, decided to shut the eatery's doors "in order to explore development options for the waterfront property on which the restaurant is located," the reports said, quoting a statement from the Key Group public relations and marketing company. "At this point, no specific plans have been announced," the statement said.

The closure was effective as of Thursday, and employees will be provided with severance pay and assistance looking for new jobs, the statement said.

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Milwaukee group wants to buy Pabst Blue Ribbon PDF  | Print |  E-mail
Written by CARRIE ANTLFINGER, Associated Press Writer   
Friday, 04 April 2014 06:11

MILWAUKEE (AP) — Long before it was known for fine cheddar cheese or the Green Bay Packers, Wisconsin was famous for beer, especially the national brands brewed in Milwaukee: Schlitz, Blatz and Pabst Blue Ribbon.

The brewing tradition started by Milwaukee's German immigrants in the 1800s endured for more than a century, until industry consolidation in the 1980s and '90s began sending familiar brands to other companies and cities.

Now a small group of Milwaukee residents wants to revive part of that proud history by buying Pabst Brewing Co. from a California executive in hopes of returning the brand to its birthplace, possibly as a city-owned brewery.

The effort appears to be a distant long shot, requiring hundreds of millions of dollars to acquire the 170-year-old beer best known as PBR. But Milwaukee officials like the idea enough to talk about it, and at least one industry analyst says the plan is not beyond the realm of possibility.

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U.S. reaches $5.15 billion environmental settlement PDF  | Print |  E-mail
Written by DINA CAPPIELLO, Associated Press ERIC TUCKER, Associated Press   
Friday, 04 April 2014 06:13

WASHINGTON (AP) — The federal government on Thursday reached a $5.15 billion settlement with Anadarko Petroleum Corp., the largest ever for environmental contamination, to settle claims related to the cleanup of thousands of sites tainted with hazardous chemicals for decades.

The bulk of the money — $4.4 billion — will pay for environmental cleanup and be used to settle claims stemming from the legacy contamination.

The settlement resolves a legal battle over Tronox Inc., a spinoff of Kerr-McGee Corp., a company Anadarko acquired in 2006.

The Justice Department said Kerr-McGee, founded in 1929, left behind a long legacy of environmental contamination: polluting Lake Mead in Nevada with rocket fuel, leaving behind radioactive waste piles throughout the territory of the Navajo Nation, and dumping carcinogenic creosote in communities throughout the East, Midwest and South at its wood-treating facilities.

The company, rather than pay for the environmental mess it created, decided to shift the liabilities between 2002 and 2006 into Tronox, the Justuce Department said, while Kerr-McGee kept its valuable oil and gas assets.

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Growing demand for U.S. apartments pushing up rents PDF  | Print |  E-mail
Written by ALEX VEIGA, AP Real Estate Writer   
Thursday, 03 April 2014 13:42

These are good times for U.S. landlords. For many tenants, not so much.

With demand for apartments surging, rents are projected to rise for a fifth straight year. Even a pickup in apartment construction is unlikely to provide much relief anytime soon.

That bodes well for building owners and their investors. Yet the landlord-friendly trends will likely further strain the finances of many renters. That's especially true for the 50 percent of them who already spend more than one-third of their pay on rent.

A 6 percent rise in apartment rents between 2000 and 2012 has been exacerbated by a 13 percent drop in income among renters nationally over the same period, according to a report from search portal Apartment List, which used inflation-adjusted figures.

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