Unhappy CellSource leaves town

Article Abstract:

CellSource Inc., a biotechnology firm which was given a $100,000 state grant in 1997 to create at least 40 new jobs, has closed its business. The company's lawsuit claims that its financial advisers fraudulently took thousands of dollars from the company, forcing it to cease operations. The lawsuit names RealSearch International and two of its officials, Sam S. Zacharias and Steeler Andy Russell, as defendants. The suit also names The Chart Group of New York. The lawsuit claims that the financial advisers misrepresented their qualifications and failed to raise money through private placements.

Comment:

Biotechnology firm which was given a $100,000 state grant in 1997 to create at least 40 new jobs, has closed its business

Biochemistry, Research and Development in the Physical, Engineering, and Life Sciences, Organizational history, CellSource Inc.

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Job prospects bright for ex-Sun employees

Article Abstract:

Sun Television & Appliances Inc. employees will not have difficulty looking for other jobs even after the company finalizes its filing for bankruptcy protection and the closure of 29 store locations. The current employment market situation in the country will enable Sun employees to land a new job easily. Retailers are currently having difficulty in hiring because of the recent openings of new stores. According to spokesman Melodye Demastus, Sun will help its employees secure new positions when the time comes. Sun will also give severance packages to employees with sufficient years of service.

Comment:

Workers will not have difficulty looking for jobs even after co finalizes bankruptcy protection filing & closure of 29 stores

Labor force information, Radio, TV, Music, Electronics Stores, Sun Television and Appliances Inc.

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