The state Attorney General’s Office has warned Robert Jackson of CT Communications in Everett that he needs to shut down an unlicensed vocational training school or face fines and criminal charges. Terrance Ryan, an assistant attorney general, told Jackson that state officials were seeking an injunction to shut down his school, which trains people in the communications field and promises to help them find jobs. The letter states that the school at 2107 33rd St. in Everett is unlicensed and that the Workforce Training Coordinating Board has been unsuccessful in trying to bring it into compliance. Anyone operating an unlicensed training program is subject to a $100 fine for each violation each day. It also could result in criminal charges that could bring up to a year in jail.
Gasoline costs boost consumer prices
Consumer prices rose moderately in October but there was little sign of inflation as the cost of autos, clothing and hotels fell. The Consumer Price Index rose 0.2 percent last month, the Labor Department said, mostly because of higher gas prices. But excluding the volatile energy and food categories, the core index was unchanged for the third straight month.
Best Buy online latest to offer free shipping
Best Buy has joined the free-shipping wars, offering the lure on many online orders for the holidays. Best Buy says hundreds of thousands of items are included. Some items such as Apple Inc.’s iPads, video game consoles and major appliances are not. All CDs, Blu-Ray and DVD movies and gaming software and accessories are included.
Foreclosure suits grow against banks
Foreclosure-fraud class action lawsuits are starting to pile up against major banks across the country, threatening a besieged industry with billions more in potential losses. Bank executives are swarming Capitol Hill this week to defend themselves against multiple foreclosure-related investigations, including one by all 50 state attorneys general. Talks are under way in that probe in hopes of reaching a settlement, but that wouldn’t extinguish the mounting threat of an avalanche of class actions.
Branded cards boost Target profits
Target Corp. is projecting a merry holiday as the discounter counts on a 5 percent discount for its credit and debit card customers as well as revamping of hundreds of stores to draw in shoppers. The upbeat report comes as Target reported a 22.6 percent increase in third-quarter net income, helped by improvements in its credit card business and expansion into food. The cheap chic discounter said it expects a key revenue measure to rise more sharply than it has in any period in the past three years as it reaps the benefits of its new 5 percent discount offer for those buying with its branded credit card or debit cards.
From Herald news services