Inside these posts: Blackstone Hotel

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Blackstone Hotel, others helped by poverty tax aid

From The New York Times’ DealBook | Chicago’s posh Blackstone Hotel, which charges visitors up to $699 per night, benefited from federal aid that targets poor communities, Bloomberg Markets reports in its March issue. Renovations for the hotel were financed by Prudential Financial, which received a $15.6 million tax credit from the New Markets Tax Credits program, a $10.1 billion incentive for companies to develop poor neighborhoods and towns.

U-verse coming to iPhone, BlackBerry

From Bloomberg News | AT&T is making its U-verse television service available to users of the Apple iPhone and Reasearch in Motion BlackBerry.

Judge rules Blackstone Hotel violated labor laws

The owners of the historic Blackstone Hotel violated federal labor laws by unilaterally laying off 14 room-service employees and cutting health care benefits, an administrative law judge for the National Labor Relations Board has ruled.

The ruling by Judge Mark Carissimi also found the owners, including Denver-based Sage Hospitality Resources LLC, broke laws protecting union activity by asking employees to sign a petition to decertify the union.

The owners were ordered to offer reinstatement to the 14 workers laid off last year and to return to its previous health-care plan. They also were ordered to reimburse employees for lost wages and benefits—a sum the employees’ union estimates to be at least $250,000. Get the full story »