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Monday 11.17.2008
BofA increases China stake [Los Angeles] Citi axing 53,000 more jobs [Los Angeles] University of California employees seek greater voice in their pension plan [Los Angeles] Co-owner of Colonie Center selling malls [Albany] NY factory output keeps falling [Albany] Citi axing 53,000 more jobs [Albuquerque] Federal Home Loan Bank of Atlanta posts loss [Atlanta] Mark Cuban charged with insider trading [Atlanta] Cap on property reassessments introduced in Georgia House [Atlanta] Citi axing 53,000 more jobs [Atlanta] Snack chip entrepreneur back in the market [Austin] Online resource for nonprofits launched [Austin] Campus Management buys unit of nGenera [Austin] Intel, Facebook launch mass animation project [Austin] Citi cutting 53,000 more jobs [Austin] Provident Bankshares gets $151M from Treasury’s TARP fund [Baltimore] Citi cutting 53,000 more jobs [Baltimore] BancorpSouth says no thanks to federal bailout package [Birmingham] Compass CEO Hegel to retire [Birmingham] Putnam cuts fund managers [Boston] FHLB Boston’s unrealized MBS losses hit $1.3B [Boston] Some banks still weighing fed program [Buffalo] NY factory output keeps falling [Buffalo] InBev told to sell Labatt with A-B buy [Buffalo] Citigroup cutting 50,000 jobs [Charlotte] Piedmont Natural Gas joins Council for Responsible Energy [Charlotte] Stocks slump again with economy, earnings [Cincinnati] Abercrombie to open Paris store [Columbus] State Auto buying Rockhill Insurance [Columbus] Chase Paymentech tracks online holiday spending [Dallas] Mark Cuban charged with insider trading [Dallas] Johnson Capital racks up $120M in deals [Denver] Denver unveils foreclosure plan [Denver] Credit union to open in Burlington [Greensboro/Winston-Salem] Mark Cuban charged with insider trading [Greensboro/Winston-Salem] Citigroup cutting 50,000 jobs [Honolulu] Sterling latest bank looking for Treasury infusion [Houston] Citi axing 53,000 more jobs [Houston] Feds issue Capital South a cease-and-desist order [Jacksonville] NCCI requests 18.6% rate hike [Jacksonville] Citi axing 53,000 more jobs [Jacksonville] DST Systems buys Australian company [Kansas City] River Road buys Fortis stake in firm [Louisville] Citi axing 53,000 more jobs [Louisville] Ohio fair renews contract with Triangle [Louisville] First Horizon receives $866M from feds [Memphis] ServiceMaster revenues up slightly in 3Q [Memphis] InterBank agrees on sale to Genworth [Minneapolis / St. Paul] Kohl tapped as Spheris CEO [Nashville] U.S. Postal Service prices on rise [Nashville] Federal Trust, Hartford to merge [Orlando] Action Q3 sales up, losses continue [Orlando] Lincoln National seeks charter change, federal funds [Philadelphia] Endo in auction-rate securities settlement [Philadelphia] Real Estate Wrap: Opportunity zones more attractive when credit’s tight [Philadelphia] Weak international sales hit Prolink revenue [Phoenix] AZ attorney Dennis Burke could get Obama nod [Phoenix] Mortgage Broker gets 3.5 years in fraud [Phoenix] Citigroup axing 53,000 more jobs [Phoenix] Mark Cuban charged with insider trading [Pittsburgh] New week, same forecast for U.S. Markets [Pittsburgh] Stocks fall in last hour of trading [Pittsburgh] U.S. Postal Service prices on rise [Portland] Marnella Homes exits bankruptcy [Portland] RadiSys buys $37.5 million of debt [Portland] Sherborne Investors buys more Nautilus stock [Portland] Etrials' new CEO gets $325K salary [Raleigh/Durham] TrustAtlantic to move HQ to Crabtree building [Raleigh/Durham] California study finds few top women executives, directors at most public companies [Sacramento] Intel, Facebook launch mass animation project [Sacramento] Citi cutting 53,000 more jobs [Sacramento] Mark Cuban charged with insider trading [Sacramento] BBVA Compass completes LNB conversion, appoints new CEO [San Antonio] St. Philip’s nursing program gets grant support [San Antonio] Clear Channel Radio inks deal with Volvo [San Antonio] More than 240 lawmakers, community leaders urge SEIU to hold off on UHW takeover [San Francisco] Jamba swings to $12.4M loss in Q3 [San Francisco] GoFish reports $3.2M loss in Q3 [San Francisco] University of California employees seek greater voice in their pension plan [San Francisco] New week, same forecast for U.S. markets [San Francisco] Citi cutting 53,000 more jobs [San Francisco] Yahoo's Jerry Yang stepping down [San Francisco] Codexis to pay $10M in license deal [San Jose] Spansion seeks to block iPod, Blackberry imports [San Jose] Intel, Facebook launch mass animation project [San Jose] Citi axing 53,000 more jobs [San Jose] FP&L seeks fuel charge reduction [South Florida] Citigroup axing 53,000 more jobs [South Florida] NCCI requests 18.6% rate hike [South Florida] In case of takeover, Syniverse has plan in place [Tampa Bay] United Insurance income drops on premium shifts [Tampa Bay] BofA increases China stake [Tampa Bay] Citigroup axing 53,000 more jobs [Tampa Bay] NCCI requests 18.6% rate hike [Tampa Bay] FDIC OKs CapitalSource commercial bank application [Washington, D.C.] New week, same forecast for U.S. Markets [Washington, D.C.] Kiplinger names editor [Washington, D.C.] Kan-ed to launch new network [Wichita]
From the November 14, 2008 print editions
Real Estate Review: Amerigroup anchors at 2 Park Square [Albuquerque] Viewpoint: Grant Thornton: Doing well (for the company) by doing good [Albuquerque] Social Enterprise Ventures teaches nonprofits how to think like for-profits [Albuquerque] As Treasury buys, SunTrust exec sells shares [Atlanta] Financial Page: Troubled Magnet Bank looking to raise capital [Atlanta] Dewberry Capital acquires key Midtown parcel [Atlanta] Only strong banks to see federal funds [Atlanta] Bridging the gap: Borrowers use mixture of equity, debt to close deals [Baltimore] Zurich’s city HQ for sale: Move follows layoffs; insurer in search of new office space [Baltimore] CapitalSouth auctioning assets to bolster financials [Birmingham] SouthCity Bank halts plan for new branches [Birmingham] Colonial Bank wants piece of growing San Antonio pie [Birmingham] Washington Notes: Changes may make SBA lending profitable once more [Boston] Mt. Washington stung by soured residential loans [Boston] Sovereign Bank recovery rests on low-cost deposits [Boston] Caution grows as loan market tightens [Buffalo] Washington briefs: Changes may make SBA lending profitable again [Buffalo] Electronic banking not limited to young customers [Buffalo] Helping the unbanked: Multiple programs offer assistance to more customers [Buffalo] Text Bites: Financial advice is in demand [Buffalo] Wells Fargo readies first Wachovia fix: High-rate CDs will be cut as bank sheds deposits [Charlotte] Wachovia execs expected to take backseat with Wells: East Coast franchise leaders not yet known; insiders offer insight [Charlotte] Banking & Finance: Carolina Commerce sees growth ahead with new CEO [Charlotte] SBA’s 7(a) lending continues to spiral downward: Number of loans is down 58% from October 2007 [Charlotte] Sales Focus: Avoid anti-sales stigma by focusing on customers [Charlotte] Branch makes move to apartments [Charlotte] Deep drop sets investors back five years: Carroll [Charlotte] Family Business: Family firms can avoid a scary future [Charlotte] How To: Create a wellness plan for your workers: A well-constructed plan that’s linked to your employees’ needs can lead to a healthier staff — and a healthier bottom line [Charlotte] Big Ideas: Joey Aycock: Entrepreneurs talk about what they do and why they do it ... [Charlotte] Investing: P&G stock a sight for sore eyes; Fifth Third shares need good news [Cincinnati] SBA lending spigot slows for businesses [Cincinnati] Fees come under scrutiny as retirement plans shrink in value [Columbus] Washington Watch: Changes to push interest rates higher may make SBA lending profitable [Columbus] Adaptation or circumvention? Payday lenders finding alternatives [Columbus] Critics: Efforts to fix loans won’t stop foreclosure wave [Columbus] Burden is on the employer to ensure fair 401(k) fee structure [Columbus] Texas shuns IPO market: Pioneer Southwest Energy Partners one of only five to go public in ’08 [Dallas] Frontlines: A closer look at credit-default swaps: Government, others trying to assess their value; investors with patience could benefit greatly [Dallas] Adlib: They said it, not us [Dallas] What to do when you find a cash windfall: Experts recommend people take it slow, pay off debt [Dayton] City working to help with MERC project [Dayton] Bailout eases some concern on economy [Dayton] Local banks tap new troubled assets program [Denver] Lending a hand: Credit is tight, but loans are out there [Greensboro/Winston-Salem] Tough economy puts hurting on homewoners associations [Greensboro/Winston-Salem] Employers seek expert help in handling retirement plan worries [Honolulu] Investment Strategies: Get lean, get tough and jump on downturn’s opportunities: Let bear market claw competitors while you pick up their customers [Honolulu] ING Direct offers coffee, talk but no teller windows at ‘cafe’ [Honolulu] Planning ahead: Kanaly Trust: Kanaly Trust established longevity based on careful planning [Houston] Gradual decline accelerates into quick shutdown [Houston] Prosperity plucks prime deposits as FDIC arrives [Houston] Fixing mortgages a growing business in Jacksonville [Jacksonville] Searching for the not-so-elusive business loan [Jacksonville] Washington Brief: Changes may make SBA lending profitable again [Jacksonville] Weak or strong, Northeast Florida banks take bailout money [Jacksonville] Wells Fargo and BBVA Compass brands coming into the Jacksonville market [Jacksonville] Mariner Wealth sails ahead on hiring, expanding offerings [Kansas City] Newsmaker: Intrust regional president scores with experience on, in court [Kansas City] Going Green: Financing options shrink with market [Kansas City] Betsy Webb secures $3.4 million for new Louisville Equestrian Center in eastern Jefferson County [Louisville] Guest Comment: Economic turmoil proves acute need for financial education programs [Louisville] Study: Thaw in tight credit critical for startup firms [Louisville] Insight: Many investors asking: ‘What would Warren do?’ [Louisville] In Brief: Brown-Forman gets national award for support of local arts organizations [Louisville] Banks emphasize strengths, FDIC insurance to calm customer anxiety [Memphis] Renasant Bank building mortgage operation with addition of new V.P., loan officers [Memphis] Banking: Switching gears: Bankers turn focus to C&I lending [Memphis] Community banks weigh TARP: Capital infusion would come with restrictions [Memphis] Mortgage business interest by small banks a good omen [Memphis] Government grants confidence with higher FDIC insurance limit [Memphis] Angel investor groups target Memphis start-up firms [Memphis] Washington Briefs: Changes may make SBA lending profitable again [Milwaukee] Focus on Banking & Wealth Management: Wesson focused on uniting credit unions after merger [Milwaukee] Focus on Banking & Wealth Management: Local banks, tech firms gear up for mobile banking: Making money on the go [Milwaukee] U.S. Bank sues former Central States Mortgage CEO [Milwaukee] Focus on Banking & Wealth Management: Bankers ready to play defense under Democrats: Bank industry prepares for more regulation [Milwaukee] Economic Breakdown: Banking [Minneapolis / St. Paul] Strategies: Business basics for difficult times: Don’t ignore key principles [Minneapolis / St. Paul] Economic Breakdown: Insurance [Minneapolis / St. Paul] In Private: Ex-Cargill exec starts VC firm/incubator [Minneapolis / St. Paul] Small Nashville banks skeptical of bailout funds: Some banks concerned about oversight, stigma [Nashville] Biz Bits [Nashville] Worried bankers seek aid [Philadelphia] Young Entrepreneur: Moore is adept at cleaning up building sites and building relationships: She has faith in a higher power and in herself [Philadelphia] Royal pain: Tabas brothers at odds over bank decisions [Philadelphia] Business Pulse: How well has the government responded to the financial crisis? [Phoenix] Banks look to lawyers to place value on foreclosed properties [Phoenix] Stewart Horejsi purchases Alaska Trust after investing in the firm for nine years [Phoenix] Washington Beat: Senate Banking Committee plans overhaul of financial regulation [Phoenix] Business is booming for debt-consolidation companies as more people seek help [Phoenix] Business Calendar [Phoenix] Economy leaves local businesses struggling for funding [Phoenix] Oppenheimer & Co. opens first Pittsburgh office Downtown [Pittsburgh] Economic woes make financing for commercial spec building in Pittsburgh region difficult [Pittsburgh] Money managers prepare for Obama's tax policies [Pittsburgh] Stocks continue to fall [Pittsburgh] Downturn’s upside: Private investors snap up distressed assets [Portland] CEO Shuffle: New Legacy CEO inherits tough bond market, losses [Portland] PCC, Zoo expect to face more robust bond market [Portland] Capital Briefs: Interest changes may make SBA lending profitable again [Portland] Lawsuit targets $44M Sunwest sale: Deal would leave investors empty-handed [Portland] Banks plot how to spend millions in bailout cash [Portland] Making loans a priority for Capital Bank [Raleigh/Durham] Triangle banks brace for stiffer FDIC insurance fees [Raleigh/Durham] Golden Leaf will still be doling out grants [Raleigh/Durham] Kobra: Deal in works to sell half of holdings by end of year: Developer faces default on $140M credit line; sale could let work continue [Sacramento] Currents: Umpqua chief sees federal cash leading to fewer, stronger banks [Sacramento] Banks boost loss reserves, earnings fall: Profits down 53 percent as local institutions take hits from bad loans [Sacramento] Pension losses aren’t cause for panic, experts warn [San Antonio] SWBC hopes new deal is big score for Spurs and the company [San Antonio] Wells outlines changes as it merges Wachovia [San Francisco] Chase has no use for WaMu’s banking style [San Francisco] Guest opinion: Wealth of nation rests on American virtues [San Francisco] On the money: BofA’s branch facelift may push others to upgrade [San Francisco] VCs force tech firms to cut costs: Dot-com gloom looms [San Francisco] Executive Q&A: City National Bank sees strong market in South Bay business [San Jose] Bay Area community banks hoard cash, bracing for tough times [San Jose] Union Bank of California deals in diversity [San Jose] Venture-funded companies hunker down for economic storm [San Jose] Growing Your Business: Changes may make SBA lending profitable again [Seattle] Seattle Savings Bank dinged for low community support [Seattle] Bad loans rising at Washington banks [Seattle] Guest Opinion: The Prop. 1 victory — one down, one to go [Seattle] Buyers snap up $94M in bonds [South Florida] Sun American in default, lender says [South Florida] Consolidation seen as cure for troubled banks [South Florida] Mortgage refinancings led to liens, three lawsuits allege [South Florida] Where can you put your money in times like these? What’s safe? [St. Louis] Feraro named CEO at Concord Bank [St. Louis] Credit crunch hits local personal, business debtors [St. Louis] Trotter, EverBank treasure being ‘a banking anomaly’ [St. Louis] Bank branch rollouts slow [St. Louis] Meltdown likely to lead to fewer banks, higher rates [St. Louis] Banks line up for $200 million in fed bailout: Others take wait-and-see approach — the devil may be in the details [St. Louis] Banks ante up to draw more deposits through CDs [St. Louis] O’Donnell’s Accentia files bankruptcy [St. Louis] College savings plans take hits with stock market [St. Louis] Money managers urge investors to ride it out [St. Louis] Book of Law: Guest Column: Changes in banking industry present new challenges [Tampa Bay] Sources Revealed: Scott Koonce wears different hats [Washington, D.C.] Trend Spotlight: Credit crisis counselors: Several area law firms open new practice groups with go-to experts to address the unfolding financial meltdown [Washington, D.C.] OnSite: PunchList: Company town: How presidential administrations affect commercial real estate: How does Washington grow? On the whims of presidential priorities. [Washington, D.C.] Banking: Experts call Chevy Chase Bank an attractive quarry [Washington, D.C.] Banking: Bank of Georgetown mulls acquisition strategy [Washington, D.C.] Guest Column: Bailout plan could boost mergers and acquisitions [Washington, D.C.] The New Rookies: Expecting double-digit stock returns? Do the math [Washington, D.C.] Professional Services: Ian Reid targets TARP, government bonds [Washington, D.C.] Expecting more foreclosures here, Weigand starts REO sales division [Wichita] For most Wichita banks, problem loan data doesn’t point to trouble — despite economy [Wichita]
