South Side fair offers help for unemployed workers
Unemployed workers can find information on community resources at a free resource fair today on the South Side that will feature workshops on health care options, support services for families and financial and job search assistance. The fair will take place from 9 a.m. to 2:30 p.m. in the International Brotherhood of Electrical Workers Hall, 5 Hot Metal St. (near 29th and East Carson). Free parking will be provided. The fair is sponsored by the Pennsylvania Departments of Labor & Industry, Insurance and Public Welfare; PA CareerLink Pittsburgh Allegheny County; and the Three Rivers Workforce Investment Board.
New stores opening at Ross Park Mall
Ross Park Mall is adding three new stores to its lineup of trendy retailers. Ilori Boutique, which sells designer sunglasses; Johnston & Murphy, the shoe store; and Lacoste, a sportswear boutique, will be opening at the end of March. In addition, teen clothing retailer Aeropostale will expand its store and move to a new location in the mall.
Ritz Camera Centers files for bankruptcy protection
Ritz Camera Centers Inc., the largest camera-store chain in the United States with multiple locations in the Pittsburgh region, filed for bankruptcy protection blaming the deepening recession and the consumer transition to digital photography. The Beltsville, Md.-based company, which had sales of almost $1 billion in 2008, has both assets and debt of less than $500 million, according to Chapter 11 papers filed yesterday in U.S. Bankruptcy Court in Wilmington, Dela.
Honda replaces CEO in bid to jump-start auto sales
Honda Motor Co. named Takanobu Ito, head of core automaking operations, as its new chief executive yesterday, in an effort to provide fresh leadership to battle a global crisis in the auto industry. Mr. Ito, a 55-year-old research and development expert with U.S. experience, replaces Takeo Fukui, 64, as chief executive officer and president. Mr. Fukui will remain on the board as adviser.
IRS wants faster access to UBS secret accounts
The Internal Revenue Service should quickly gain access to the secret accounts of 52,000 wealthy Americans at Swiss bank UBS AG to stop continuing tax evasion, U.S. lawyers told a federal judge in Miami. "The United States does not believe justice is served by delay," said Justice Department tax attorney Stuart Gibson in court papers. UBS claims that turning over the account names -- possibly in a matter of weeks -- would violate Swiss privacy law and jeopardize the bank's license to stay in business.
New York wants details on Merrill Lynch bonuses
New York Attorney General Andrew Cuomo filed a motion in New York State Supreme Court yesterday to force former Merrill Lynch & Co. CEO John Thain to disclose details about bonuses paid to Merrill employees before the company was sold to Bank of America Corp. Mr. Thain refused to discuss individual bonuses during a deposition last week, saying he was told by Bank of America not to divulge details. Mr. Cuomo has been investigating $3.6 billion in bonuses Merrill Lynch executives received less than a month before the company completed its sale to Charlotte, N.C.-based Bank of America.