Financial and Investment News





May 26, 2009

Jewelry Store Worker Afraid Of the Recession Steals Gold

Filed under: Economic News — eljaysun @ 7:52 pm

According to various mainstream media articles, a female identified as Teresa Tambunting is suspected of stealing $12 million in gold and gems from her job at Queens jewelry store and then storing them in her basement. The Jacmel Jewelry store found $12 million in gold pieces and other jewelry were missing from the vault.These included 10k gold chain, mens diamond ring, etc..

 

The female from Scardale reportedly told her family at dinner that she was scared of the recession. According to family members Tambunting’s fears stemmed from the stock market convulsions and her husband Edgardo’s job at Cantor Fitzgerald. Tambunting was afraid the economy would make her husband have to switch jobs.

 

Prosecutors state that during this time Tambunting, her 3 kids plus husband were living with raw gold and jewelry hidden in their house basement.. They say the 50-year-old woman over a 6-year time slipped small pieces of gold and jewelry in her purse.All in all, she was the vault manager from where the twelve  million of gold and jewelry was missing since 1991. It appears she was taking stuff like a 10K gold chain, gold earrings, gold franco chain, hip hop jewelry and similiar items. I think that I would have taken the 10K gold chain if I had worked there and wanted to do the rip-off thing.

 


She stated she had to steal the goods from the store according to police. The rest of the stolen merchandise was returned to the jewelry company from the basement of Tambunting’s home, 500 pounds of merchandise.

May 25, 2009

Megafirm Hilo Hattie files Bankruptcy, Maui Divers Jewelry Interested

Filed under: bankruptcy — eljaysun @ 10:39 pm


As any more evidence of the ongoing economic downturn was needed, the large, Hawaii-based tourism retail firm Hilo Hattie has filed Chapter 11 bankruptcy status while owing their creditors as much as $1.3 million US, according to Bob Taylor, who is the president and Chief Financial Officer of Maui Divers Jewelry. That corporation, by the way, has a vested interest in the souvenirs and aloha attire retailer.

 

All in all, the Hilo Hattie’s 7 outlets have Maui Divers Jewery items carried in their stores which account for about twenty percent of their overall jewelry sales. He also said that the company is an integral part of their market that they do not wish to lose from the 7 outlets.While the corporation does not focus on bling bling jewelry items like 10k gold chain, gold franco chain and the like, they docarry items like breitling watch, freeze watch and so forth.

 

Apparently Maui Divers wants to rehire the majority of Hilo Hattie workers while also holding onto the majority of their vendors. They plan to put around 2 million dollars into operating the retail stores and in merchandise.

 

There is a June 22nd court date to decide if Hilo Hattie will be liquidated or if an independent management trustee can assume control of the company.

 According to the Hilo Hattie attorney Chuck Choi, the offer by Maui Divers will not satisfy all of the outstanding creditors including $800,000 that is owed in rent to the Harry and Jeanette Weinberg Foundation and a $700,000 mortgage that is owed to Central Pacific Bank.

May 14, 2009

Choosing the right Office Furniture for your business

Filed under: business news — eljaysun @ 8:27 am

In choosing your own office chair, whether for a smaller home office or a large corporate one, I believe it is
definately vital to choose one with a superb ergonomic profile plus certain intuitive controls to take into aconsideration things like height issues as well as seat depth.
In addition, based on my personal experience of some fifteen years on the subect, i beleive it is very important that the chair have a superb mesh fabric. if you are
going to spend a lot of time in your office, then you should be sure that the chair is easy on the spine area. As for me specifically, if I had to rate strictly on appearance alone, I tend to like the look of the distinctive European made design office chairs (especially from Italy and Germany),
yet I have noticed that sometimes they are not really the most orthopedically sound if you are a few pounds heavier and will be spending an inordinate amount of time in the office.
Generally, those countries offer very unique plus stylish executive models of office furniture. Like a lavish Mercedes Benz or Ferrari, however, they are not always the most practical choice in every
individuals case, although for some people they are simply ideal.
One of the very best all-around chairs in my opinion is the prestigious Aeron, which was designed by Herman Miller about ten years ago following plenty of ergonomic research.
The result of all that thorough research and developent is that the chair naturally adapts to adjust to people’s unique shapes as well as posture postures. it also looks cool,
thus giving it a nice balance of aesthetics and comfort for heavy-duty, long term use. Another one that I happen to like is the
‘Mira’, which was also designed by the incomparable Herman Miller. All in all, it comes with a full range of adjustments so as to provide complete back support while at the same time
the Celle promote an even distribution of weight because it has a pliable frame. Very cool design indeed, and visually stunning as well.

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