Financial bonanza

There

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+%3Cp%3E+Playboy+Enterprises+announced+on+Wednesday+that+it+is+relocating+its+iconic+magazine+from+Chicago%2C+the+original+base+of+operations%2C+to+Los+Angeles.%3C%2Fp%3E%3Cp%3E%26quot%3BAs+of+May+2012%2C+Playboy+magazine%27s+editorial%2C+art+and+photo+departments+will+be+based+out+of+the+company%27s+Los+Angeles+office%2C%26quot%3B+said+Playboy+spokeswoman+Theresa+Hennessey.+%26quot%3BSome+of+the+magazine%27s+Chicago+employees+have+been+asked+to+relocate%2C+while+others+have+been+asked+to+stay+on+in+Chicago+to+ensure+a+seamless+transition.%26quot%3B%3C%2Fp%3E%3Cp%3E%3Cp%3E%3C%2Fp%3E%3Cp%3E%3Cp%3E%3C%2Fp%3E%3C%2Fp%3E%3C%2Fp%3E%3Cp%3EChicago+has+served+as+the+magazine%27s+base+of+operations+since+its+founding+by+Hugh+Hefner+in+1953.+Marilyn+Monroe+graced+the+first+issue%2C+which+came+out+in+December%2C+just+months+after+the+end+of+the+Korean+War.%3C%2Fp%3E%3Cp%3EThis+has+been+a+significant+year+for+the+company%2C+which+Hefner+decided+to+take+private.+In+a+deal+that+was+finalized+in+March%2C+the+company%27s+outstanding+shares+were+purchased+by+Icon+Acquisition+Holdings.+Hefner%2C+the+editor-in-chief+and+chief+creative+officer%2C+and+Scott+Flanders%2C+the+chief+executive+officer%2C+are+partial+owners+of+Icon+%3Ca+href%3D%22http%3A%2F%2Fpaydayloans-on.com%22%3Eguaranteed+payday+loans%3C%2Fa%3E%3C%21–+.+–%3E.%3C%2Fp%3E%3Cp%3E%3C%2Fp%3E%3Cp%3E+%3C%2Fp%3E%3Cp%3EThe+move+will+bring+the+magazine+closer+to+Hefner%2C+who+has+lived+for+decades+in+the+Playboy+Mansion+in+Los+Angeles+with+his+famous+harem+of+girlfriends.+He+has+used+the+party+palace+and+the+well-known+Rabbit+Head+logo+as+publicity+tools%2C+especially+with+the+advent+of+Internet+pornography+in+the+1990s%2C+which+has+proven+to+be+his+company%27s+greatest+rival.%3C%2Fp%3E%3Cp%3EThe+original+Playboy+mansion+is+in+Chicago%2C+where+it+has+been+converted+into+condos.%3C%2Fp%3E%3Cp%3EThe+company+didn%27t+reveal+the+fate+of+its+remaining+Chicago+operations%2C+including+the+departments+for+public+relations%2C+human+resources%2C+accounting+and+IT.%3C%2Fp%3E%3Cp%3E%26quot%3BNo+final+decisions+have+been+made+yet+regarding+the+future+of+other+departments+currently+based+in+Chicago%2C%26quot%3B+said+Hennessey.%26nbsp%3B+%3C%2Fp%3E++%3Cp%3E%3Ca+href%3D%27http%3A%2F%2Fmoney.cnn.com%2F2011%2F12%2F14%2Fnews%2Fcompanies%2Fplayboy_hefner%2Findex.htm%27+rel%3D%27nofollow%27%3ESource%3C%2Fa%3E%3C%2Fp%3E+

Filed under: Banks, USA by Pascal
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UPDATES with additional detail
COLUMBIA, Mo.

Filed under: Finance, USA by Pascal
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A former top lawyer for Rupert Murdoch’s British newspapers insisted Wednesday that he told the mogul’s son there was evidence of widespread phone hacking at […]

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CALGARY

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Samsung Electronics Co. is free to sell its Galaxy tablet computers in Australia after the country’s highest court Friday dismissed rival Apple’s appeal in its […]

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BERLIN

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Stocks wavered between small gains and losses in midday trading Tuesday after Standard & Poor’s expanded its downgrade threat against Europe to include the region’s […]

Filed under: Business, Money by Pascal
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A federal judge on Monday used unusually harsh language to strike down a $285 million settlement between Citigroup and the Securities and Exchange Commission, saying […]

Filed under: Loans, technology by Pascal
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A few weeks after Allison Zaromb took her 4-year-old son Meir to see a dermatologist in an outpatient office at the SSM Cardinal Glennon Children’s […]

Filed under: online, technology by Pascal
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