FINANCE

Dillard’s to settle EEOC suit for $2 million

BY Katherine Boccaccio

Chicago — A report on Tuesday by the U.S. Equal Employment Opportunity Commission revealed that Dillard’s Inc. will pay $2 million to settle a class-action disability discrimination lawsuit.

The department store retailer will also have to “commit to extensive, company-wide injunctive relief,” according to the EEOC.

Dillard’s was accused of having a policy of forcing employees to disclose personal medical information to get approval for sick leave. The EEOC also held that Dillard’s also terminated employees for being out longer than the maximum amount of time they were allowed by the company, a violation of the Americans with Disabilities Act.

The suit dates to 2008 and a federal district court had held the medical-disclosure policy to be discriminatory under the law.

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J.Iris says:
Mar-18-2013 06:14 am

Discrimination is an issue
Discrimination is an issue that companies just can't ignore. This manner is unacceptable and should not be allowed in a working place. - Michael Courouleau

J.Iris says:
Mar-18-2013 06:14 am

Discrimination is an issue that companies just can't ignore. This manner is unacceptable and should not be allowed in a working place. - Michael Courouleau

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FINANCE

Capital One survey: Holiday shoppers buying with cash, debit

BY Katherine Boccaccio

Wilmington, Del. — Survey results released Tuesday by ING Direct – to be rebranded Capital One 360 in 2013 – found that most Americans are purchasing holiday gifts with cash or debit cards this year.

The fourth annual holiday shopping survey found that more than three out of four Americans are purchasing gifts with cash or a debit card this year and more than three out of five (63%) are spending the same on holiday gifts as they did last year.

The survey also found that, as New Year’s resolution time approaches, 70% of Americans ages 18 to 34 say they will start saving more in 2013. Overall, 49% of respondents are going to kick-start savings plans.

"This year’s holiday shopper is taking the smartest approach to gift buying by sticking to what they can afford and positioning themselves for a worry-free start to 2013," said Jim Kelly, head of Direct Bank, Capital One.

According to respondents who are making financial resolutions, 38% plan on investing more for retirement and 33% will reduce or eliminate credit card debt in 2013.

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Dec-19-2012 06:07 am

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Dec-19-2012 06:07 am

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REAL ESTATE

Englewood Construction launches work on Shops at North Bridge

BY Katherine Boccaccio

Chicago — Englewood Construction said Tuesday that its restaurant group has secured a project for Macerich and Darden Restaurants Inc. that will deliver a new Seasons 52 to The Shops at North Bridge, located on Chicago’s Michigan Ave and owned by Macerich.

Englewood will perform landlord infrastructure work for Macerich at a 9,249-sq.-ft. space and then commence a build-out for Seasons 52 at the same location.

Seasons 52 is owned and operated by Orlando, Fla.-based Darden Restaurants Inc.

The work is projected to be complete February 2013.

In March, Englewood will commence the build-out for Season 52’s first location in Chicago. The restaurant will occupy ground-floor space at the corners of Rush Street and Grand Avenue, and Cuhaci & Peterson Architects will work with Englewood on the build-out.

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