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Electrolux to expand at North American HQ in North Carolina PDF  | Print |  E-mail
Written by Associated Press   
Saturday, 21 December 2013 08:01

CHARLOTTE, N.C. (AP) — Appliance maker Electrolux announced plans Friday to create more than 800 additional jobs over the next four years in Charlotte as it expands next to its North American headquarters.

Gov. Pat McCrory and Commerce Secretary Sharon Decker joined Electrolux Major Appliances North America CEO Jack Truong to announce construction of a new six-floor, 375,000 square-foot facility for marketing, research and development and other company operations.

McCrory's office said the company plans to invest $85 million in Mecklenburg County and create jobs by the end of 2017 with average annual compensation of about $100,000.

About half of the Swedish company's nearly 1,500 current North Carolina employees work at the headquarters, which came to Charlotte in 2010 from Georgia. The company also operates a dishwasher manufacturing facility in Kinston and parts distribution center in Henderson County.

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Stores open for 100 hours to attract shoppers PDF  | Print |  E-mail
Written by ANNE D'INNOCENZIO, AP Retail Writer   
Saturday, 21 December 2013 07:46

NEW YORK (AP) — Some stores are ending the holiday shopping season the same way they began it — with round-the-clock, marathon shopping hours.

Kohl's for the first time is staying open for essentially five days straight, from 6 a.m. on Friday through 6 p.m. on Christmas Eve.

Macy's and Kmart are opening some of their stores for more than 100 hours in a row from Friday through Christmas Eve. And Toys R Us is staying open for 87 hours straight starting on Saturday, which is typically the second biggest shopping day of the year.

The expanded hours in the final days before Christmas are reminiscent of how some retailers typically begin the season on the day after Thanksgiving known as Black Friday. The strategy comes as stores try to recoup lost sales during a season that's been hobbled by a number of factors.

Despite a recovering economy, many Americans have been struggling with stagnant wages and other issues. On top of that, the time period between the official holiday shopping kickoff on Black Friday and the end of the season is six days shorter than a year ago. That has given Americans less time to shop.

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AT&T says it will publish reports on data requests PDF  | Print |  E-mail
Written by MARCY GORDON, AP Business Writer   
Saturday, 21 December 2013 08:00

WASHINGTON (AP) — AT&T Inc. says it will publish reports on the number of requests for customer information that it receives from law enforcement agencies, the latest move in the telecommunications industry toward fuller disclosure amid debate over government surveillance programs.

The announcement Friday by the nation's largest telecom company came a day after rival Verizon Communications Inc. said it will make public the legal demands it has received. Dallas-based AT&T says it will publish a report twice a year online. The first one, covering requests received this year, will be out early next year.

The controversy has deepened over data-gathering by the National Security Agency. The NSA's collection of hundreds of millions of Americans' phone records under secret court order was revealed in June in documents leaked by former NSA contractor Edward Snowden. The program collects the number called, the number from which the call is made and the duration and time of the call.

Major shareholders of AT&T and Verizon demanded last month that the companies disclose their dealings with the NSA.

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Atlantic Club casino in New Jersey closing Jan. 13 PDF  | Print |  E-mail
Written by WAYNE PARRY, Associated Press   
Friday, 20 December 2013 15:47

ATLANTIC CITY, N.J. (AP) — The Atlantic Club Casino Hotel in Atlantic City says it will close on Jan. 13, reducing the number of casinos in the struggling gambling resort to 11.

It will be the first Atlantic City casino to close since the Sands shut down in 2006 to make way for a new casino project that never got built.

The casino said Friday it reached two sale agreements that will be submitted to a judge Monday for approval. It did not list either buyer, but a bankruptcy court filing identified one as Caesars Entertainment.

The document filed Friday afternoon lists the purchase price as $15 million.

"First and foremost I would like to express my profound admiration and respect for the employees of this company," said Michael Frawley, chief operating officer of the Atlantic Club. "The events of the last few months have evoked an array of emotions, and through it all, the employees of the Atlantic Club have remained consummate professionals. It is because of these outstanding individuals that we were able to build considerable momentum over the last year. Unfortunately our pace was unsustainable in the extremely challenging Atlantic City gaming market."

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