By Jane Wells, CNBC.com
Dr. McDreamy Not every coffee company born in Seattle is a winner. Tully's, a 20-year-old chain founded in the Emerald City, filed for Chapter 11 last fall. The chain had trouble competing in the shadow of Starbucks, and it filed for protection reporting $3.7 million in debts and very little cash.
Much of its debt is owed to Green Mountain Coffee Roasters which owns Tully's wholesale and roasting businesses.
The remaining part of the company - retail stores, agreements with franchisees and the coffee sold in grocery chains - is in need of a cash infusion immediately.
Actor Patrick Dempsey is one of several parties bidding to buy Tully's out of bankruptcy at an auction Thursday.
Dempsey told the Seattle Times he'd like to save the 500 jobs at risk. "I've always loved this city, and with the purchase of Tully's Coffee, I plan to spend a lot of time in Seattle - and the stores connecting with the community and growing the Tully's brand."
Other reported bidders include
Blog Posts by CNBC
- CNBC | Work + Money – Mon, Jan 7, 2013 12:04 PM EST
By Jane Wells, CNBC.comRead More »from How 'McDreamy' Plans to Resuscitate Tully's Coffee
- CNBC | Work + Money – Tue, Dec 11, 2012 1:32 PM EST
By Paul O'Donnell, CNBC.comRead More »from Nature or Nurture? Why Women Don't Save for Retirement
The good news coming out of this year's "New Retirement Mindscape City Pulse Index," an annual survey conducted by Ameriprise Financial Services, is that women are more confident about their retirement prospects: two thirds of affluent women consider themselves confident or somewhat confident about being comfortable in retirement.
The bad news, said Suzanna de Baca, vice president of wealth strategies at Ameriprise, is that women "shouldn't be feeling this good."
In the survey of 10,000 affluent,middle-aged Americans, women lagged behind men in nearly every category of retirement planning. Only 44 percent contribute to a workplace retirement plan and 42 percent are investing for retirement on their own. Slightly more than half of men do both. Less than 20 percent of women know how much income they'll need when they retire, the survey found, compared with 28 percent of men.
According to another recent study, by the Employee Benefits Research Institute,
By Cindy Perman, CNBC.comRead More »from Par-ty! Par-ty! Office Holiday Parties Are Back
It's been a tough slog in Cubeville the past few years as companies not only cut back on staffing but also morale-boosting events like the office holiday party. But don't cry in that beer you had to buy with your own money just yet - the office holiday party is making a comeback!
The number of companies holding office holiday parties has fallen steadily in the past few years until it hit the bottom of the punch bowl at 74 percent last year but it bounced back this year to 91 percent, according to a survey by global executive-search firm Battalia Winston.
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That's a pre-recession level of partying!
"Despite the challenging economic environment, it seems that companies are moving back to a state of normality," said Dale Winston, CEO and Chairwoman of Battalia Winston.
But what about the "fiscal cliff!" you say. What about higher taxes and government spending cuts? Who can drink at a time like this,you
By Paul O'Donnell, CNBC.comRead More »from Is Women's 'Retirement Gap' Really a Pay Gap?
Much is made of women's lack of engagement in basic investing, including investing for retirement. Reasons given range from a lack of confidence to a congenital fear of risk to a simple lack of information-when women gather, they apparently don't talk about their financial futures.
But here's a reason that may be too simple to get much attention: It could be that the reason women invest less than men is that women don't have as much money.
A new report from the Employment Benefits Research Institute about participation in employer-based pensions notes that women are less likely to take advantage of employer-offered retirement plans. This is in keeping with past studies.
But EBRI lists several social factors, besides being female, that are associated with lower levels of participation: being "nonwhite," uneducated, unhealthy, underemployed will do it, as will working in certain occupations, like farming, fishing, forestry or service jobs.
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By Robert Frank, CNBC.comRead More »from Why Millionaires Prefer Dogs Over Cats
Dogs and millionaires have a lot in common. They are relentless opportunists (especially when it comes to rewards). They come in all shapes, sizes and colors. They defend their turf. And in general, they don't like cats.
Perhaps that explains a new survey that shows that millionaires are far more dog-friendly than the rest of Americans.
According to a study by Spectrem Group, 58 percent of millionaire pet owners have a dog. Only 37 percent own a cat. Only three percent keep fish, two percent birds and two percent have a horse.
Those stats are far more canine-leaning than the rest of the country. According to the Humane Society, 39 percent of U.S. households own a dog, compared to 33 percent of households that own a cat.
Why have millionaires gone to the dogs?
Jennifer Cona, a trust and estates attorney and partner with Genser Subow Genser & Cona in New York, does a lot of work on pet trusts. She said that of all the pet trusts she's worked on, 90 percent
- CNBC | Secrets to Your Success – Tue, Nov 27, 2012 12:02 PM EST
By Katherine Crowley and Kathi Elster, contributor to CNBC.comRead More »from I Hate Her and She’s My Boss: ‘Mean Girls at Work’
As workplace relationship experts, the idea for our newest book was born out a new reality - women comprising almost 50% of the workforce.
This growing demographic shift requires a new skill set.
Women now need concrete tools for navigating their professional relationships with other women. Now, more than ever, a young professional female is likely to report to a woman, work beside women, and manage women.
Most woman-to-woman relationships at work are pleasurable. Women are designed to bond with each other - to tend and befriend as a means of survival. But sometimes, the bonding goes awry. One woman may feel competitive with another woman and behave in a way that seems "mean" to her colleague.
Mean Girls at Work offers a 5-step process for handling any situation in which a woman finds herself locked in a power struggle with another woman at work. We call our process "Don't Go There" because the most important thing
By Jane Wells, CNBC.comRead More »from Is the Defense Industry Becoming a Girls' Club?
Perhaps no industry has been as male dominated as the defense industry. Now, two major contractors, including the largest defense company in the world, will soon be led by women.
Marillyn Hewson Marillyn Hewson has been named CEO of Lockheed Martin beginning Jan. 1.
Chairman and current CEO Bob Stevens said the board chose Hewson after the man set to take the job, Chris Kubasik, was fired last week for having a "lengthy, close personal relationship" with a subordinate.
Stevens said an employee came forward with the allegation against Kubasik in late October. The company did a three-day internal investigation and then hired an outside firm to confirm he had violated the company's ethics standards.
"We here live and work by a list of values," Stevens told analysts on a call Monday morning. "They are not negotiable."
That led to the choice of Hewson, who was already set to become president and COO.
"Marillyn Hewson is ready now to be the chief executive officer of this
By Christina Cheddar Berk, CNBC.comRead More »from The Cost of Thanksgiving Dinner, 2012
Shoppers often fret about what they perceive is the ever-rising costs for the goods they need to buy each day. This year, however, they have at least one holiday blessing to be thankful for: the cost of a turkey dinner and all the trimmings has risen only slightly from last year.
According to the American Farm Bureau Federation's survey, turkey dinner and all the fixings will cost about $49.48, or just 28 cents more than it did last year.
Last year, consumers were hit with one of the biggest price increases for traditional Thanksgiving trimmings in years, after poor weather shrank the size of U.S. crops.
This year, the star of the Thanksgiving feast-the turkey-is the main reason for the marginally higher cost. Had it not been for increases in the price of the turkey, the cost of the dinner may actually have been lower.
"Most Americans will pay about the same as last year at the grocery store for a turkey and all the trimmings," said John
By Katie Little, CNBC.com
Sporting diamonds, Swarovski crystals and barely there outfits, Victoria's Secret angels strutted down the runway in the company's annual runway event. Each year, the women's lingerie chain kicks off its holiday selling season with a star-studded show to generate excitement about its products.
This year's show started with a circus theme, complete with acrobats and sword-swallowers. Other themes were: Dangerous Liaisons, Calendar Girls, PINK Is Us, Silver Screen Angels and Angels in Bloom.
Singers Rihanna, Justin Bieber and Bruno Mars performed at the New York City event, which was held at the National Guard's 69th Infantry Regiment's headquarters. Just one week before the show, Hurricane Sandy wiped out the venue's electricity, and Victoria's Secret came to the rescue by lending generators to the National Guard.
The show will air on CBS on Dec. 4 at 10 p.m. EST. Click ahead to see scenes from this year's event.
Photos by Adam Jeffrey | CNBC.com
Read More »from Sneak Peek: Victoria's Secret's Fashion Show 2012
By Daniel Bukszpan, CNBC.comRead More »from Why Do Married Men Earn More?
"Getting a Job: Is There a Motherhood Penalty?" That was the title of a 2007 Cornell University study published in the American Journal of Sociology that examined gaps in wages between different types of workers. It found that mothers receive the lowest wage of any group, including childless women and males with or without children.
The goal of the study was to highlight income disparities among women but what it also found was that married men are the highest-paid employees, far outpacing women and unmarried men.
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U.S. Census Bureau data bear this out. Full-time median income for married men ages 18-64 years old in 2011 was $55,958, as compared to $40,489 for single women, $34,634 for single men and $32,593 for single women, according to the Current Population Survey 2012 Annual Social and Economic Supplement.
This disparity is explained, in part, by the gender wage gap. Women earn 77 cents to every dollar