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Russian brothers pled guilty in HD burglaries

BY HBSDEALER Staff

Two brothers charged with stealing $1,000 worth of tools from several Home Depots in Northern California have taken a plea bargain, according to an article in the Chico Enterprise Record.

Yevgeniy Ivakhov, 24, and Valeriy Ivakhov, 19, pleaded guilty on May 4 to one felony count each of receiving stolen property in a Butte County Superior Court. The Ivakhovs had faced additional charges of second-degree commercial burglary and grand theft.

A third defendant, Andrey Gelis, 26, pleaded no contest to grand theft on April 20. The judge dismissed burglary and receiving stolen property charges in the case.

The three defendants were arrested on April 13 by the California Highway Patrol after being stopped for a vehicle code violation in Marysville, Calif. The CHP officer found unopened boxes of merchandise from Home Depot in the trunk. 

Upon further investigation, the Russian nationals were identified as suspects in burglaries of other Home Depot stores in the region. Authorities said the men operated a theft ring where two of them ran out of stores with merchandise while the third waited in a getaway car.

The Ivakhovs and Gelis are wanted on warrants in other Northern California jurisdictions and may face additional charges, according to the article. 

 

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Readers Respond: Business and the $4 gallon of gas

BY HBSDEALER Staff

Several readers sounded off on the rising price of gas and its relation to business success.

Here’s what we heard when we asked them to describe the impact of rising gas prices on business.

"Not too bad an impact yet, but this is our slow season anyway. I hate to think what will happen if it continues to rise all summer. [If so,] it would definitely have a major negative impact on our business in the fall."
— Jack Bransfield

"Current prices are impacting sales, as well as staffing. New hires and part-time seasonal hires are especially hard hit as hours of work available often do not offset the cost of transportation."
— Vicki Worley

"Of course $4.00 gas is hurting our business. It’s killing us."
— Name withheld

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Unemployment rises back up to 9.0%

BY HBSDEALER Staff

The unemployment rate in April edged up to 9.0%, compared with 8.8% in March 2011.

Construction employment was about unchanged in April, according to Friday’s report from the Bureau of Labor Statistics. This industry has shown little net movement since early 2010, after having fallen sharply during the prior three years.

Overall, the economy added 244,000 jobs in April, a higher gain than anticipated by analysts.

The latest employment situation shows 13.7 million unemployed persons in the United States, about the same as last month’s measure. The number of persons unemployed for less than five weeks increased by 242,000 in April. The number of long-term unemployed (those jobless for 27 weeks and over) declined by 283,000 to 5.8 million; their share of unemployment declined to 43.4%.

The full release can be read here

 

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