Kendall Hatch reports in the MetroWest Daily News that an employee of an Ashland Dunkin’ Donuts working one day at a Framingham shop was arrested Sunday after she was seen on security video stealing cash from the store, police said.
David Cho of the Washington Post writes that in March 2009, President Obama vowed to address the drought of bank lending to small companies and announced an initiative to use $15 billion from the federal bailout to unfreeze the markets that finance Small Business Administration loans
Paul Frumkin writes in Nation’s Restaurant News that as President Barack Obama prepares to sign a sweeping health care reform bill into law, the foodservice industry faces changes of historic proportion.
The President recently signed into law the “Hiring Incentives to Restore Employment Act of 2010” (the HIRE Act, P. L. 111-47, 03/18/2010). The centerpiece of this Act is a payroll tax holiday and up-to-$1,000 tax credit for businesses that hire unemployed workers. In addition to these new hiring incentives, the HIRE Act also includes a one-year extension of the enhanced small business expensing option under Code Sec. 179 . Both of these provisions are extremely important to many businesses. DDIFO Members read more…
LawyersandSettlements.com reports that theUS Secretary of Labor Hilda Solis plans to be more aggressive in enforcing federal employment laws such as the Fair Labor Standards Act (FLSA) and has asked for additional funding to hire hundreds of new compliance officers for the Department of Labor (DOL)’s Wage and Hour Division, which covers overtime issues. This would increase the size of the Division by a third.
Providence Business News reports that Dunkin’ Donuts, which employs 1,034 people at 180 stores in Rhode Island, said its sales rose 4 percent last year as the ubiquitous coffee chain opened 351 new stores around the world.
“This is not going to beat me,” Hishmeh said Sunday morning, as he stood by the front door of the flood-proofed Dunkin Donuts diagonally across from his store. “You knock me down and I’ll get back up.” The Dunkin Donuts was built after Floyd to weather floods. There was water inside the store during the 2007 flood, but the store remained dry Sunday morning, said manager Surinder Singh.
BusinessWeek reports that Thomas H. Lee Partners LP agreed to acquire CKE Restaurants Inc., owner of the Carl’s Jr. and Hardee’s fast-food chains, for about $619 million in cash. The shares jumped the most in almost nine years in New York trading.