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CBL Announces Promotions
CBL & Associates Properties, Inc. (NYSE: CBL) today announced the promotions of Gary Roddy (center photo) to Vice President – Collections, Tricia Tweedie (right photo) to Vice President – Billings and Jim Ward (left photo) to Vice President - Branding.
Commenting on the promotions, CBL’s President, Stephen Lebovitz said, “These individuals have established themselves as leaders within CBL in their respective fields and the shopping center industry. We are pleased to recognize their accomplishments and significant contributions to the Company with these promotions.”
Lebovitz added, “Gary has shown tremendous initiative with his approach to collections, ensuring the Company is always minimizing the receivables balance. His oversight has been critical to the program. Tricia continually demonstrates her amazing work ethic and dedication to CBL. Her leadership and direction help to ensure the accuracy and promptness of billings. Jim’s strong entrepreneurial spirit sets a great example for his team. He is continually focused on finding new opportunities to push the CBL branding program to even greater heights. Each of these individuals deserves to be recognized for their achievements and to be congratulated on their individual excellence.”
Gary Roddy joined CBL’s collections department in May 1985. He was promoted to Director of Collections in May 1999 and to Senior Director – Collections in January 2002. Roddy is responsible for coordinating and overseeing the Company’s collections efforts. During his more than 25 years with CBL, Roddy has effectively minimized the Company’s year-end net receivables balance and has helped to develop new tools to enhance the effectiveness of home office and property collections coordination. Roddy graduated from the University of Tennessee at Chattanooga with a Bachelor of Science degree in Business Administration.
Tricia Tweedie joined CBL as a maintenance coordinator in January 1988, moving to the billings department in 1990. She coordinated the billings of the mall property accounts managers and home office billed centers. Tricia was promoted to Director of Billings Department in May 1999. In January 2002, Tricia was promoted to Senior Director of Billings. Under Tweedie’s direction, the billings department bills over 14,500 tenants annually in an accurate and timely manner. Tweedie graduated from Tennessee Temple University with a Bachelor of Science degree in Music Education.
Jim Ward originally joined CBL in September 1998 as an assistant manager at Hickory Hollow Mall in Nashville, Tennessee. In July 1999, he left CBL to attend the University of Cincinnati Law School. After graduating and passing his Tennessee Bar Exam, he joined the law firm of Husch Blackwell. In October 2003, he rejoined CBL as manager of Georgia Square in Athens, Georgia. In May 2005, he became the manager of Cross Creek Mall in Fayetteville, North Carolina. In February 2006, he was promoted to Director of Sponsorship & Branding. Ward graduated from University of Tennessee at Chattanooga with a Bachelor of Science degree in Environmental Science and Chemistry and received his Juris Doctor from University of Cincinnati Law School.
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Last Update on September 23, 2014 08:16 GMT
HONG KONG (AP) -- Growth in China's sprawling manufacturing industry unexpectedly ticked higher in September, easing concerns about the No. 2 economy's recovery.
HSBC's purchasing manager index edged up to 50.5 this month from 50.2 in August, based on a 100-point scale. Numbers below 50 indicate contraction.
Analysts had expected the reading to fall for a second month, dragged down by the slumping property market.
The modestly upbeat number comes after an official report earlier this month showed China's factory output slowed sharply in August, which sparked fears momentum was fading and prompted some analysts to lower their full-year economic growth forecasts.
China's economic growth edged up in the April-June quarter to 7.5 percent after policymakers rolled out a batch of relief measures aimed at areas including railways and public housing. But analysts say further increments in growth will be hard to achieve without more government spending.
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Without plentiful rain and snow in coming months, the Metropolitan Water District of Southern California could consider cutbacks to its regional distributors next year. If such limits are approved, that could lead to rationing or cuts for households in portions of Southern California.
At the current rate, billions of gallons in remaining agency reserves could be exhausted in about 18 months. The agency built up those reserves over time as a hedge against the state's periodic droughts.
But those supplies have tightened as the state has experienced a combination of sparse rainfall and unusually warm temperatures -- 2014 is on track to be the hottest year in California since record-keeping began over a century ago.
Gov. Jerry Brown, who declared a drought emergency earlier this year, is urging residents to voluntarily reduce water use.
AMSTERDAM (AP) -- Royal Philips NV says it will spin off its lighting division and the rest of its operations into two separate companies, continuing a radical reshaping of one of Europe's best-known corporations.
Tuesday's announcement follows the decision in June to spin off its lighting components arm, and it is no longer clear whether Philips is the world's largest lighting manufacturer, though it is a leader in cutting edge LED lighting technology
Chief Executive Frans van Houten said the company's consumer division -- which makes a range of household products such as coffee makers and shavers -- and its health care division will operate as a single "HealthTech" company. Both the lighting and HealthTech company will continue to use the Philips brand.WALL STREET-PROTEST
NEW YORK (AP) -- More than 100 people have been arrested in a sit-in protest in Manhattan's financial district in New York.
More than 1,000 activists blocked parts of Broadway Monday to protest what they see as the roles of corporate and economic institutions in the climate crisis.
The sit-in followed Sunday's march in which more than 100,000 people warned that climate change is destroying the Earth.
OVERSEAS TAX BREAKS
WASHINGTON (AP) -- The Obama administration is cracking down on American companies that are trying to reincorporate overseas to avoid paying U.S. taxes.
In a so-called "tax inversion," a U.S. business merges with or is acquired by a foreign company in a country with a lower tax rate.
The Treasury Department says it's putting forward regulations that will make inversions less lucrative by barring some of the techniques companies use to defer their taxes. It's also making it harder for companies to pursue an inversion by tightening the requirement that the company's former owners own less than 80 percent of the new company.
Treasury Secretary Jacob Lew says the steps will ensure that it's no longer financially beneficial for companies to use that tactic.
The new measures will take effect immediately.
DETROIT WATER SHUTOFFS
DETROIT (AP) -- Detroit's water department is defending its policy of cutting off service to people with unpaid bills. It says continuing to provide free service to those households could be "very devastating" to the department's budget.
An attorney for the water department told a judge Monday that "humanitarian concerns are very compelling," but that so is fairness.
After thousands of shutoffs earlier this year, there were protests and appeals -- including one to the United Nations.
The judge hearing the city's bankruptcy trial set aside that case Monday to hear evidence in the water controversy. A coalition representing low-income residents is asking the judge to suspend water shutoffs, and to restore service to people who have lost it.
The attorney for the water department said it would be violating state law, and breaking agreements with bondholders, if it's forced to supply water and ignore bills that are overdue.
An economist who testified on behalf of critics of the water shutoff policy said a consumer's income should be a factor in how the city regularly collects water bills.
The hearing will end today after testimony from water department officials and closing arguments.
CANANEA, Mexico (AP) -- Authorities in northern Mexico have issued a binational alert over contamination from a copper mine that spilled into a waterway that flows into Arizona.
Carlos Jesus Arias is director of the Sonora state civil protection agency. He says contamination from the Buenavista del Cobre mine in the city of Cananea has made it into the San Pedro River.
Officials haven't said how much leaked, or what was in the contaminants.
The mine is operated by Grupo Mexico. It issued a statement Sunday saying storm water overflow linked to the recent passage of Hurricane Odile (oh-DEEL') caused mine water to leach into some creeks and streams.
Civil protection officials are urging residents to avoid using the local water.
WASHINGTON (AP) -- The Securities and Exchange Commission is giving its biggest award yet, about $30 million, to a whistleblower who provided key information that led to an enforcement action in a fraud case.
The agency announced the award Monday. It was the SEC's 14th whistleblower award under a program adopted in 2011 and the fourth award to a whistleblower living in a foreign country. The nature of the enforcement action and the identity of the whistleblower weren't disclosed.
Under the program, tipsters who report corporate fraud or other misconduct are eligible if they give the SEC information that leads to an enforcement action resulting in more than $1 million in penalties. They can receive from 10 to 30 percent of the money the SEC recovers from a company or person.
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