Mattress Firm opens in Oro Valley and other local business news

2013-04-13T00:00:00Z Mattress Firm opens in Oro Valley and other local business newsArizona Daily Star Arizona Daily Star Arizona Daily Star
April 13, 2013 12:00 am  • 

TUCSON

Mattress Firm opens Oro Valley store

Specialty mattress retailer Mattress Firm opened a new 3,850-square-foot store in Oro Valley on Friday.

The store's design is centered around Mattress Firm's "Comfort by Color" concept, which allows customers to navigate the store by comparing styles and brands based on the comfort level of the mattress.

For example, yellow would indicate a firm mattress and orange would indicate a plush mattress.

The store is at 7861 N. Oracle Road. Hours are 10 a.m. to 8 p.m. Mondays through Saturdays and noon to 6 p.m. Sundays.

Arizona Daily Star

NC firm invests in Simpleview Inc.

A North Carolina-based private equity firm has made an investment in Tucson-based Simpleview Inc., a provider of software and digital marketing services to tourism organizations.

The financial terms of the transaction with Charlotte-based Ridgemont Equity Partners were not disclosed.

The existing Simpleview management team, led by CEO Ryan George and President Rich Reasons, will continue to run the business and has invested alongside Ridgemont in the deal, the company said.

Arizona Daily Star

ARIZONA

Cost of gasoline is lower statewide

Gas prices at the pump around Arizona keep falling.

The average statewide price for regular gasoline on Friday was $3.61 a gallon, down more than 4 cents from last week, according to AAA Arizona.

Friday's national average price was $3.56 per gallon, down about 7 cents from last week.

Tucson had the lowest average gasoline price in Arizona at $3.38 a gallon on Friday, while Flagstaff had the highest at $3.79.

Arizona Daily Star

2 businessmen convicted of tax fraud

PHOENIX - Two Phoenix-area businessmen have been convicted of filing false income tax returns by concealing millions of dollars in assets in numerous secret Swiss bank accounts.

Federal prosecutors announced Friday that a jury found Stephen M. Kerr and Michael Quiel both guilty on two counts of filing false individual income tax returns for 2007 and 2008.

The men originally were indicted in January 2012 for trying to defraud the Internal Revenue Service.

Prosecutors say Kerr hired a lawyer to sell more than 11 million shares of stock held in the name of a foreign entity he controlled, then transfer the proceeds to a Swiss bank account.

Quiel was accused of having an attorney transfer about $955,000 from his undeclared foreign accounts.

Kerr and Quiel are scheduled to be sentenced June 25.

The Associated Press

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