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Man charged in $7M shoplifting case remains jailed PDF  | Print |  E-mail
Written by Associated Press   
Monday, 10 March 2014 12:54

CHICAGO (AP) — A federal judge in Chicago says the head of a suburban family accused of shoplifting $7 million in goods must remain behind bars after deeming him a flight risk.

The ruling came Monday at a detention hearing for a father, mother and daughter accused of going on regular excursions nationwide to steal.

Prosecutor Renato Mariotti says Branko Bogdanov claims he's $28,000 in debt. But Mariotti says Bogdanov actually owns a $1.3 million Northbrook home and 12 vehicles, including a 2003 Chevy Corvette.

Mariotti also told the court the 58-year-old emigrated in 1973 from the former Yugoslavia and is in the U.S. illegally.

The judge didn't immediately rule on the detention of the mother and daughter. All three are charged with interstate transportation of stolen property. They haven't entered pleas.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
No consensus on how to notify data breach victims PDF  | Print |  E-mail
Written by ERIC TUCKER, Associated Press   
Monday, 10 March 2014 06:32

WASHINGTON (AP) — The data breach at Target Corp. that exposed millions of credit card numbers has focused attention on the patchwork of state consumer notification laws and renewed a push for a single national standard.

Most states have laws that require retailers to disclose data breaches, but the laws vary wildly. Consumers in one state might learn immediately that their personal information had been exposed, but that might not happen in another state, and notification requirements for businesses depend on where their customers are located. Attorney General Eric Holder has joined the call for a nationwide notification standard, but divisions persist, making a consensus questionable this year.

"We're stuck with the state-by-state approach unless some compromise gets done at the federal level," said Peter Swire, a privacy expert at Georgia Tech and a former White House privacy official.

Despite general agreement on the value of a national standard, there are obstacles to a straightforward compromise:

—Consumer groups don't want to weaken existing protections in states with the strongest laws.

Read more...
 
Tucson courting car maker Tesla for 6,500 jobs PDF  | Print |  E-mail
Written by Associated Press   
Monday, 10 March 2014 06:39

TUCSON, Ariz. (AP) — City officials confirmed Sunday that they have made a bid for electric-car maker Tesla Motors to consider Tucson for the site of a massive battery factory that would employ 6,500 people.

The city of Tucson recently submitted a formal proposal to become the headquarters for the 10 million-square-foot plant, the Arizona Daily Star reported (http://bit.ly/1n9qIEq).

Mayor Jonathan Rothschild said the proposal highlights land within the city that has access to the Union Pacific mainline and the major interstates.

"We are the home to the Mars exploratory mission at the University of Arizona and known nationally as the Solar City," Rothschild said. "I think Tesla will feel right at home in Tucson."

The city is also offering tax incentives on top of any offered by the Arizona Commerce Authority.

Read more...
 
Michigan bill allows local stock exchanges PDF  | Print |  E-mail
Written by Associated Press   
Monday, 10 March 2014 06:31

LANSING, Mich. (AP) — Michigan cities are getting behind legislation to create local stock exchanges allowing residents to invest in smaller businesses.

The bill sponsored by Republican Rep. Nancy Jenkins of Clayton is designed to complement a "crowdfunding" law Gov. Rick Snyder signed in January. Crowdfunding websites let people raise money from donors for projects.

The Michigan Municipal League says legislators have a chance to help make communities more prosperous and send a message that Michigan is pro-business to entrepreneurs.

The legislation is designed to help smaller companies not big enough to qualify for larger exchanges like the New York Stock Exchange.

Jenkins says her bill lets people "invest in Main Street rather than Wall Street" and has the potential to boost local pride.

___

Online:

House Bill 5273: http://1.usa.gov/NI796m


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
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