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Jorgensen Brooks Group Counselor Mechanical Komatsu Equipment Co Resident Field Mechanic Administrative & Professional Tucson Urban League CEO/President Finance and Accounting Charles E. Gillman Company Accounting Specialist Trades/Construction RANCHO RESORT MAINTANANCE POSITION Sales and Marketing Everready Glass Sales Reps BusinessIndustry News & NotesTucson, Arizona | Published: 01.10.2006
TUCSON
● The Arizona Department of Commerce is to present job-training grants to two local companies at tonight's Tucson City Council meeting that begins at 5:30 p.m. at City Hall, 255 W. Alameda St. Allegra Print & Imagingis to receive a grant of $5,300 to train 15 current employees, while Carclo Technical Plastics will receive $20,000 to train 17 current employees. For more information about the program, go to the workforce development section of the department's Web site at www.azcommerce.com or call 602-771-1100.
● Wells Fargo Bank on Monday appointed Larry Finuf as regional manager for community banking in Tucson and greater Arizona. Finuf will manage 76 Wells Fargo stores and four business banking groups with $3.5 billion in deposits and 1,077 team members, the company said. Finuf has more than 20 years of experience in banking in Tucson, the company said, and is a member of the boards of the Tucson Metropolitan Chamber of Commerce, and the Pima Community College Foundation.
● The Tucson area had 7,649 closings on newly built homes in the first 11 months of 2005, said Tucson housing analyst John Strobeck. The metropolitan area was projected to have 8,500 new-home closings by the end of 2005. Closings of previously owned homes "remained strong" throughout the year with 24,000 closings projected for the year.
NATIONAL
● Toys R Us Inc., the retailer recently acquired by three buyout firms, will close 75 stores this spring and eliminate 3,000 jobs after reporting a wider third-quarter loss. The retailer will also convert 12 other locations into the Babies R Us format. The changes will result in $155 million in pretax restructuring expenses, the Wayne, N.J.-based company said today in a U.S. Securities and Exchange Commission filing. One Toys R Us store in Phoenix will be closed as part of the plan, but other Arizona locations — including two Toys R Us stores and one Babies R Us store in Tucson — are unaffected, a company spokeswoman said.
● Interest rates on short-term Treasury bills were mixed in Monday's auction with the rate on three-month bills rising to the highest level in nearly five years while rates on six-month bills declined slightly. The Treasury Department auctioned $18 billion in three-month bills at a discount rate of 4.150 percent, up from 4.070 percent last week. Another $16 billion in six-month bills was auctioned at a discount rate of 4.250 percent, down from 4.265 percent last week. The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,895.10, while a six-month bill sold for $9,785.14.
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● National briefs compiled from wire reports. ● Send notices for Tucson Industry News & Notes to Business, Arizona Daily Star, P.O. Box 26807, Tucson, AZ 85726; by fax to 573-4144; or by e-mail to business@azstarnet.com.
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