| Breeden to replace Ernst as chairman
H&R Block Inc. said Tuesday that Mark Ernst had resigned as chairman, president and chief executive of the tax preparation and accounting services company. He is being replaced as chairman by former Securities and Exchange Commission boss Richard Breeden, who led a dissident shareholder group that won three seats on the company's board. Former Aetna Inc. executive Alan Bennett was named interim CEO while H&R Block looks for a permanent replacement to take the CEO role. H&R Block shares closed Tuesday at $19.32, up 25 cents, on the New York Stock Exchange. Breeden has criticized the company's diversification into mortgage lending, investment advising and banking, saying it had robbed momentum from the company's core tax preparation and accounting services business.
Added Laughlin Ranch parcel up for sale
BULLHEAD CITY - An undeveloped part of Laughlin Ranch is up for sale as part of the Chapter 11 bankruptcy proceedings. The upscale, master-planned community on the Bullhead Parkway filed for bankruptcy protection on July 13.The 640-acre parcel is east of the Parkway in the vicinity of Silver Creek Road but does not border the Parkway. Consolidated Mortgage, LLC will likely buy the property for the amount it is owed - $17.7 million - unless another buyer can be found."Consolidated Mortgage has the senior lien on that parcel," said Jordan A. Kroop, Partner, Restructuring & Reorganization, Squire, Sanders & Dempsey L.L.P., who is handling the bankruptcy case. .
Business Owners Fear Eminent Domain
Fear of eminent domain is spreading among a group of Derby business owners. Brian Calvert, the owner of a Derby safe and lock business, told Eyewitness News that he didn't come to this country in 1968 and build up a business for 35 years to have it all torn down by eminent domain. "There are people unfortunately all over the U.S. today hearing those two words: eminent domain, and that's so un-American," he said. "Stealing is stealing where I come from." Calvert is one of a few business owners who are negotiating relocation terms and buyout possibilities with the city. The city tore down several blighted downtown buildings this past summer, but a few with living businesses remain. Derby city officials told Eyewitness News that they would prefer not to have to take people's property by court order, but a multimillion dollar downtown revitalization project hangs in the balance.
Corporate Farming’s Best Friend
This was the year the antiquated and expensive farm subsidy program was to be reformed.A growing chorus has turned against the $16 billion annual subsidy, which gives most of the money to corporate farms rather than the small farmers for whom the program was designed during the Depression. .
Orbitz Worldwide signs global CORREX agreement With TRX
The agreement with Orbitz for Business replaces a competitive mid-office application with CORREX's enhanced technology and provides Orbitz for Business with the ability to globalise transaction processing and ensure global data integrity for reporting and analysis. "Our agreement with Orbitz for Business expands our existing relationship and further establishes CORREX's category leadership as a reservation processing platform," said Trip Davis, President and CEO, TRX. "We signed a contract earlier this year with Orbitz for Business to utilize our TRAVELTRAX solution for data consolidation and reporting, and this is a natural progression to help support their travel management services," added Davis. "By implementing CORREX, we're able to consolidate separate quality control and automated ticketing activities being processed on multiple platforms to a single platform, providing us the ability to improve our global efficiency," said Dean Sivley, COO and General Manager, Orbitz for Business.
Future Tax Professionals Grab Honors at the Deloitte Foundation's Tax Case Study Competition Finals
At a time when the future talent shortage within the tax profession is an issue of critical concern, the sixth annual Deloitte Tax Case Study National Competition put the spotlight on the skills of future tax professionals who will fill the pipeline and help to solve the tax challenges of the future. At the Deloitte Foundation's national competition awards ceremony held yesterday in Orlando, the University of Denver took top honors in the Graduate Division, and Brigham Young University in the Undergraduate Division. "Every team competing in the finals made us proud to again host this competition," said Shaun Budnik, president of the Deloitte Foundation. "Each of the national teams participating offered insightful responses to the complex case study and earned our confidence about the caliber of professionals that will be working within our industry in the future." As the first place winners, Brigham Young University and the University of Denver will each receive a $10,000 award.
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