Browsing all articles in Business Managemen

MEMPHIS, Tenn. — Fred’s Inc., the operator of a chain of nearly 700 discount stores in the southeastern U.S., said Thursday that an important sales measurement rose 2.8 percent in September compared with a year ago.

Analysts expected a 2.3 percent rise, according to Thomson Reuters.

Revenue in stores open at least one year is considered an important measurement of a retailer’s performance because it strips out the effects of opening new stores.

Total sales for the month rose 4 percent to $177.3 million from $170.9 million last year.

Year-to-date, revenue in stores open at least one year rose 0.8 percent while total sales rose 1 percent to $1.301 billion.

Fred’s CEO Bruce Efird said the sales were on the high end of the company’s projected range, due to better general merchandise and pharmacy sales.

Its shares finished at $15.18 on Wednesday. I

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Sarasota attorney Sheryl Edwards and her developer husband, Michael Edwards, are the target of a $1.2 million foreclosure judgment by a company that bought loans from Bradenton’s defunct Freedom Bank, records show.

The Edwards originally borrowed $855,000 from Freedom in January 2006 to finance their $1 million purchase of two vacant commercial lots at 2428 and 2436 Fruitville Road in Sarasota.

They borrowed an additional $72,800 in June 2008 and defaulted in December 2010.

The land is scheduled to be sold at auction by the Sarasota County Clerk of Court on Nov. 19.

Sarasota attorney Sheryl Edwards and her developer husband, Michael Edwards, are the target of a $1.2 million foreclosure judgment by a company that bought loans from Bradenton’s defunct Freedom Bank, records show.

The Edwards originally borrowed $855,000 from Freedom in January 2006 to finance their $1 million purchase of two vacant commercial lots at 2428 and 2436 Fruitville Road in Sarasota.

They borrowed an additional $72,800 in June 2008 and defaulted in December 2010.

The land is scheduled to be sold at auction by the Sarasota County Clerk of Court on Nov.

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WASHINGTON — For 18½ years as Federal Reserve chairman, he was celebrated for helping drive a robust U.S. economy. Yet in the years after he stepped down in 2006, he was engulfed by accusations that he helped cause the 2008 financial crisis — the worst since the 1930′s.

Now, Alan Greenspan has struck back at any notion that he — or anyone — could have known how or when to defuse the threats that triggered the crisis. He argues in a new book, “The Map and the Territory,” that traditional economic forecasting is no match for the irrational risk-taking that can inflate catastrophic price bubbles in assets like homes or tech stocks.

In an interview Sunday with The Associated Press, Greenspan reflected on his book, his Fed tenure and the risks that still endanger the financial system. Relaxed and looking fit at 87, he spoke for an hour in the sunroom of his house overlooking a wooded hillside of Northwest Washington. It’s a h

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WASHINGTON — Here’s the scariest thing about the looming deadline to raise the U.S. government’s borrowing limit: No one knows precisely what will happen if the limit is breached.

It’s never happened before.

The possible consequences are dizzyingly complex. But they’re all bad. Most ominously, the government might fail to make interest payments on its debt. Any missed payment would trigger a default.

Financial markets would sink. Banks would slash lending. Social Security checks would be delayed. Even if the government managed to make its interest payments, fears about a default would likely cause investors to dump Treasurys and send U.S. borrowing rates soaring.

The financial world is holding out hope that that grim scenario will compel Congress to raise the debt limit and avert a default. Here are questions and answers about the government’s borrowing limit:

Q. What exactl

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WASHINGTON – House Republicans, increasingly isolated from even some of their strongest supporters more than a week into a government shutdown, began Wednesday to consider a path out of their fiscal dead end that would raise the debt ceiling for a few weeks as they press for a broader deficit reduction deal.

That approach could possibly set aside the fight over the new health care law, which prompted the shutdown and which some Republicans will be reluctant to abandon.

In a meeting with the most ardent House conservatives, Rep. Paul Ryan, R-Wis., the chairman of the House Budget Committee, laid out a package focused on an overhaul of Medicare and a path toward a comprehensive simplification of the tax code.

“We’re more in the ideas stage right now,” said Rep. Jack Kingston, R-Ga., a senior member of the Appropriations Committee.

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The risk of mortgage fraud appears to be increasing in Southwest Florida this year, and remains a multimillion-dollar problem for lenders nationwide.

In a new report, data analyst CoreLogic says that indications of fraud among mortgage applications in the Sarasota-Manatee region rose 5.6 percent in the second quarter over last year. The two-county region ranked 17th among the nation’s 75 largest metropolitan areas for the percentage of fraudulent mortgage applications.

The amount of money sought in those suspect loan applications jumped even more sharply. More than $10.5 million in fraudulent requests were filed in the quarter, up 24 percent in just three months.

Perhaps surprisingly, Sarasota-Manatee’s increased risk bucked a national trend of improvement. CoreLogic found that fraud risk among U.S.

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More and more business owners are recognising the importance of investing in serious interior design for their offices. Not only is it vital in impressing customers and clients, but it will boost productivity and morale among the workforce.

Plan and implement

When planning your office space, the most important consideration is how it will fit in with your core business values. Why have an informal workspace if you are a serious financial business? Ensure that the design fits the purpose of your firm, while also being visually appealing. This is a key balance that must be struck, so consider seeking advice from a professional designer if in doubt.

The needs of your employees are crucial. Whether it is programmers, accountants, writers or creative people, different individuals will naturally have different needs. For example, accountants will need appropriate storage, while architects need large desks to work on plans. Full Post…

NEW YORK This year if you call Butterball’s Turkey Talk Line for some cooking advice, you might get a male voice on the line.

For the first time, Butterball is enlisting the help of men as well as women for its Turkey Talk Line during the holidays. And the turkey seller is seeking the first male talk-line spokesman this year as well.

The talk line, which is 32 years old this year, has long offered advice to anyone overwhelmed by making the perfect turkey for Thanksgiving Day and the rest of the year-end holiday season.

It has been improving its services, last year launching a smartphone app, Facebook live chats, Pinterest posts and other social media tools.

But the line, which has grown from six operators to about 60 since it launched in 1981, has never hired men before.

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