bizjournals Banking & Financial Services:General headlines

bizjournals Banking & Financial Services:General headlines http://www.bizjournals.com/industries/banking_financial_services/general/?ana=from_rss Banking & Financial Services:General headlines from the week of November 17, 2008 Davidson Hotel completes Connecticut renovation project http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/memphis/stories/2008/11/17/daily30.html?ana=from_rss Davidson Hotel Co. has completed a $20 million renovation of the 10-story, 380-room Holiday Inn Stamford Downtown in Connecticut. Thu, 20 Nov 2008 22:20:50 GMT Memphis Business Journal Florida thrifts losses mount http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/tampabay/stories/2008/11/17/daily52.html?ana=from_rss Florida financial institutions regulated by the Office of Thrift Supervision posted a combined loss of $407.97 million in the third quarter of 2008. Thu, 20 Nov 2008 22:16:23 GMT Tampa Bay Business Journal Local stocks slammed as markets tank 5 percent again http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/cincinnati/stories/2008/11/17/daily53.html?ana=from_rss Greater Cincinnati stocks got slammed for the second day in a row Thursday as investors pummeled the market to its second straight day of 5-plus percent losses. (PG) (ASH) (AKS) (BGC) (OCR) (AFG) (CBB) (CVG) (KR) (M) Thu, 20 Nov 2008 22:06:27 GMT Business Courier of Cincinnati Jan Brewer's move to governor could shift climate, budget priorities http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/phoenix/stories/2008/11/17/daily65.html?ana=from_rss Arizona Gov. Janet Napolitano’s expected exit to serve as U.S. Homeland Security Secretary under Barack Obama will leave Arizona Secretary of State Jan Brewer as governor and put Republicans in control of the Legislature and governor’s office. Thu, 20 Nov 2008 22:05:22 GMT Phoenix Business Journal Sandy Spring Bank gets $83M TARP infusion http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/washington/stories/2008/11/17/daily86.html?ana=from_rss Sandy Spring Bancorp Inc., the parent company of Sandy Spring Bank, has been notified by the Treasury Department that it will be getting a capital infusion of up to $83 million through the Troubled Asset Relief Program, the company announced today. Thu, 20 Nov 2008 22:02:28 GMT Washington Business Journal Health-care fraud sends three to jail http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/atlanta/stories/2008/11/17/daily85.html?ana=from_rss An orthopedic surgeon and chiropractor from metro Atlanta are among a group sentenced to federal prison for a $3 million health-care fraud scam. Thu, 20 Nov 2008 22:00:17 GMT Atlanta Business Chronicle USAA is one of America’s top military-friendly employers http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanantonio/stories/2008/11/17/daily30.html?ana=from_rss G.I. Jobs magazine named financial services company USAA to its Top 50 Military Friendly Employers list for 2008 for its commitment to hiring veterans for its workforce. Thu, 20 Nov 2008 21:51:21 GMT San Antonio Business Journal TD Bank Financial 4Q earnings to plummet http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/philadelphia/stories/2008/11/17/daily49.html?ana=from_rss TD Bank Financial Group said Thursday it expects to report earnings per share of 96 cents in the fiscal fourth quarter, ended Oct. 31. The company earned $5.48 per diluted share in the year-earlier period. The lower earnings are the result of heavy losses in its wholesale banking and corporate segments, the bank said. (TD) Thu, 20 Nov 2008 21:49:12 GMT Philadelphia Business Journal FDIC chair Bair: More 'ammunition' coming to strengthen banks http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/triad/stories/2008/11/17/daily49.html?ana=from_rss Federal Deposit Insurance Corp. Chairman Sheila Bair is an optimist. (TROW) Thu, 20 Nov 2008 21:45:48 GMT The Business Journal of the Greater Triad Area Clearwire shareholders OK Sprint deal; shares dive http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/seattle/stories/2008/11/17/daily29.html?ana=from_rss Shareholders in Clearwire Corp. approved a planned combination with Sprint Nextel Corp.’s WiMax business and a $3.2 billion investment by a team of partners. (S) (CMSCA) (INTC) (TWC) (GOOG) Thu, 20 Nov 2008 21:45:41 GMT Puget Sound Business Journal (Seattle) Chase to cut 3,000 investment banking jobs http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/phoenix/stories/2008/11/17/daily64.html?ana=from_rss JP Morgan Chase is cutting the 3,000 investment banking positions companywide — about 10 percent of that financial unit — according to reports by Marketwatch and the Daily Telegraph (U.K) newspaper. (JPM) Thu, 20 Nov 2008 21:42:45 GMT Phoenix Business Journal Dow sinks to 7,553, Grand Canyon slips 15 cents after IPO http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/phoenix/stories/2008/11/17/daily63.html?ana=from_rss The Dow Jones Industrial Average took a sharp dive in the final hour of trading Thursday to close at 7553, down 444 points, or 5.3 percent, from Wednesday. (FCX) Thu, 20 Nov 2008 21:38:49 GMT Phoenix Business Journal DayJet files bankruptcy http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/albuquerque/stories/2008/11/17/daily30.html?ana=from_rss DayJet Corp., the Boca Raton, Fla.-based air taxi pioneer, has had its wings permanently clipped. Thu, 20 Nov 2008 21:36:30 GMT New Mexico Business Weekly Security Bank Corp. wants $66M from Treasury http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/atlanta/stories/2008/11/17/daily83.html?ana=from_rss Macon, Ga.-based Security Bank Corp. is applying for as much as $66 million in U.S. Treasury stock investment, under the government's Capital Purchase Program designed to buttress bank balance sheets. (SBKC) Thu, 20 Nov 2008 21:27:06 GMT Atlanta Business Chronicle MFS to cut 5 percent of workforce http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/boston/stories/2008/11/17/daily61.html?ana=from_rss Boston-based mutual fund giant MFS Investment Management will eliminate 90 jobs, or 5 percent of its workforce, due to a decline in assets under management, the company said in a statement Thursday. (SLF) Thu, 20 Nov 2008 20:58:10 GMT Boston Business Journal FDIC's Sheila Bair: More 'ammunition' coming to strengthen banks http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/wichita/stories/2008/11/17/daily42.html?ana=from_rss Federal Deposit Insurance Corp. Chairman Sheila Bair is an optimist. (TROW) Thu, 20 Nov 2008 20:43:26 GMT Wichita Business Journal J&J Snack Food leader sells 400,000 shares http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/philadelphia/stories/2008/11/17/daily45.html?ana=from_rss J&J Snack Foods Corp. acquired common stock worth $11.16 million from its CEO, Gerald B. Shreiber, the company said Thursday. (JJSF) Thu, 20 Nov 2008 20:10:50 GMT Philadelphia Business Journal First Horizon names Losch new CFO http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/memphis/stories/2008/11/17/daily25.html?ana=from_rss William C. Losch III has been named the new chief financial officer for First Horizon National Corp. (FHN) (WB) Thu, 20 Nov 2008 20:02:03 GMT Memphis Business Journal FDIC chair Bair: More 'ammunition' coming to strengthen banks http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/triangle/stories/2008/11/17/daily46.html?ana=from_rss Federal Deposit Insurance Corp. Chairman Sheila Bair is an optimist. (TROW) Thu, 20 Nov 2008 19:54:15 GMT Triangle Business Journal Steve & Barry’s to liquidate http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/dayton/stories/2008/11/17/daily35.html?ana=from_rss Steve & Barry’s stores will liquidate by early 2009 after its new owners said they would not be able to find financing, Reuters is reporting. Thu, 20 Nov 2008 19:50:22 GMT Dayton Business Journal M&T seeks $600M from Treasury program http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/albany/stories/2008/11/17/daily54.html?ana=from_rss M&T Bank Corp. is seeking $600 million under the U.S. Treasury Department’s Capital Purchase Program. (MTB) (KEY) Thu, 20 Nov 2008 19:42:56 GMT The Business Review (Albany) FDIC chair Bair: More 'ammunition' coming to strengthen banks http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/atlanta/stories/2008/11/17/daily80.html?ana=from_rss Federal Deposit Insurance Corp. Chairman Sheila Bair is an optimist. (TROW) Thu, 20 Nov 2008 19:39:14 GMT Atlanta Business Chronicle Steve & Barry’s to liquidate http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/milwaukee/stories/2008/11/17/daily42.html?ana=from_rss Steve & Barry's stores will liquidate by early 2009 after its new owners said they would not be able to find financing, Reuters is reporting. Thu, 20 Nov 2008 19:38:05 GMT The Business Journal of Milwaukee Steve & Barry’s to liquidate http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/cincinnati/stories/2008/11/17/daily51.html?ana=from_rss Steve & Barry’s stores will liquidate by early 2009 after its new owners said they would not be able to find financing, Reuters is reporting. Thu, 20 Nov 2008 19:22:12 GMT Business Courier of Cincinnati Report: Capital One looking at Chevy Chase Bank http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/triad/stories/2008/11/17/daily47.html?ana=from_rss McLean, Va.-based Capital One Financial Corp. (NYSE: COF) is on the short list of financial firms courting Chevy Chase, according to Reuters. It says Citigroup (NYSE: C) and JPMorgan Chase (NYSE: JPM) are also among final bidders, citing people familiar with talks. (COF) (C) (JPM) (STI) (BBT) Thu, 20 Nov 2008 19:00:28 GMT The Business Journal of the Greater Triad Area DayJet files bankruptcy http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/orlando/stories/2008/11/17/daily43.html?ana=from_rss DayJet Corp., the Boca Raton-based air taxi pioneer, has had its wings permanently clipped. Thu, 20 Nov 2008 18:48:58 GMT Orlando Business Journal Dick's Sporting Goods 3Q earnings down http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/louisville/stories/2008/11/17/daily47.html?ana=from_rss Dick's Sporting Goods reported third-quarter earnings Thursday that were down year-over-year, but were in line with the expectations of Wall Street analysts. (DKS) Thu, 20 Nov 2008 18:45:10 GMT Business First of Louisville PNC expects tax break for National City deal to be less than reported http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/dayton/stories/2008/11/17/daily33.html?ana=from_rss PNC Financial Services Group Inc. expects the tax benefit from its pending acquisition of National City Corp. to be no more than $725 million “and may be substantially smaller,” according to the form S-4/A the Pittsburgh-based bank filed with the SEC late Wednesday. (PNC) (NCC) Thu, 20 Nov 2008 18:43:07 GMT Dayton Business Journal FDIC's Sheila Bair: More 'ammunition' coming to strengthen banks http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/washington/stories/2008/11/17/daily80.html?ana=from_rss Federal Deposit Insurance Corp. Chairman Sheila Bair is an optimist. (TROW) Thu, 20 Nov 2008 18:30:04 GMT Washington Business Journal GMAC wants to be bank holding company http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/philadelphia/stories/2008/11/17/daily43.html?ana=from_rss GMAC Financial Services, the parent of troubled mortgage lender and major Philadelphia-area employer Residential Capital, said Thursday that it has applied for status as a bank holding company. Thu, 20 Nov 2008 18:26:54 GMT Philadelphia Business Journal ZAP to begin production in Shepherdsville http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/louisville/stories/2008/11/17/daily44.html?ana=from_rss Financing challenges are causing a fledgling electric vehicle manufacturer to change its business plan on the fly. Thu, 20 Nov 2008 18:25:05 GMT Business First of Louisville U.S. markets face more declines Thursday http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/portland/stories/2008/11/17/daily47.html?ana=from_rss U.S. stock markets were poised to extend losses Thursday after bargain hunters reduced, but did not eliminate, pessimism after the Dow’s first close under 8,000 in five years. (C) Thu, 20 Nov 2008 18:05:47 GMT Portland Business Journal Report: Feds probe Golden West http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sacramento/stories/2008/11/17/daily47.html?ana=from_rss The Securities and Exchange Commission is investigating whether mortgage giant Golden West Financial Corp. misled borrowers with its lending practices. (WB) (WFC) Thu, 20 Nov 2008 18:05:19 GMT Sacramento Business Journal Sally Beauty Holdings maintains Q3 profit http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/dallas/stories/2008/11/17/daily45.html?ana=from_rss Despite a sluggish economy, Sally Beauty Holdings Inc. posted a higher profit during the fourth quarter of 2008. (SBH) Thu, 20 Nov 2008 18:04:38 GMT Dallas Business Journal Manufacturing picture in Phila. worsening, Fed says http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/philadelphia/stories/2008/11/17/daily42.html?ana=from_rss The Federal Reserve Bank of Philadelphia’s November survey of area manufacturers shows that activity fell again but not as steeply as it did from September to October. Thu, 20 Nov 2008 17:58:27 GMT Philadelphia Business Journal Report: Feds probe Golden West Financial http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/tampabay/stories/2008/11/17/daily47.html?ana=from_rss The Securities and Exchange Commission is investigating whether mortgage giant Golden West Financial Corp. misled borrowers with its lending practices. (WB) (WFC) Thu, 20 Nov 2008 17:55:48 GMT Tampa Bay Business Journal Warye named Safeco/Ohio Casualty regional manager http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/cincinnati/stories/2008/11/17/daily46.html?ana=from_rss Liberty Mutual Group’s Safeco and Ohio Casualty units have named Matt Warye vice president, Safeco Insurance and Mid-Atlantic regional general manager. Thu, 20 Nov 2008 17:45:01 GMT Business Courier of Cincinnati FDIC chair Bair: More 'ammunition' coming to strengthen banks http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/baltimore/stories/2008/11/17/daily52.html?ana=from_rss Federal Deposit Insurance Corp. Chairman Sheila Bair is an optimist. (TROW) Thu, 20 Nov 2008 17:42:14 GMT Baltimore Business Journal DayJet files bankruptcy http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/southflorida/stories/2008/11/17/daily42.html?ana=from_rss DayJet Corp., the Boca Raton-based air taxi pioneer, has had its wings permanently clipped. Thu, 20 Nov 2008 17:41:42 GMT South Florida Business Journal Report: Capital One looking at Chevy Chase Bank http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/washington/stories/2008/11/17/daily76.html?ana=from_rss Chevy Chase Bank may stay in local hands if the latest reports on its possible acquisition prove true. (COF) (C) (JPM) (STI) (BBT) Thu, 20 Nov 2008 17:14:40 GMT Washington Business Journal Report: Feds probe Golden West Financial http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/birmingham/stories/2008/11/17/daily25.html?ana=from_rss The Securities and Exchange Commission is investigating whether mortgage giant Golden West Financial Corp. misled borrowers with its lending practices. (WB) (WFC) Thu, 20 Nov 2008 16:57:24 GMT Birmingham Business Journal Steel: Wells deal is best for Charlotte http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/triad/stories/2008/11/17/daily41.html?ana=from_rss Wachovia Corp. Chief Executive Bob Steel said Thursday that Charlotte could eventually see more jobs under Wells Fargo & Co. than Wachovia’s current 20,000 employees here, but that will depend more on industry trends than the impact of the banks’ merger. (WB) (C) (WFC) Thu, 20 Nov 2008 16:54:32 GMT The Business Journal of the Greater Triad Area GMAC applies to become bank holding company http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/twincities/stories/2008/11/17/daily31.html?ana=from_rss GMAC Financial Services is seeking approval to become a bank holding company, a move that could give it access to federal bailout funds. Thu, 20 Nov 2008 16:54:07 GMT Minneapolis / St. Paul Business Journal PNC expects tax break for National City deal to be less than reported http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/cincinnati/stories/2008/11/17/daily44.html?ana=from_rss PNC Financial Services Group Inc. expects the tax benefit from its pending acquisition of National City Corp. to be no more than $725 million “and may be substantially smaller,” according to the form S-4/A the Pittsburgh-based bank filed with the SEC late Wednesday. (PNC) (NCC) Thu, 20 Nov 2008 16:53:14 GMT Business Courier of Cincinnati Report: Feds probe Golden West Financial http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/atlanta/stories/2008/11/17/daily74.html?ana=from_rss The Securities and Exchange Commission is investigating whether mortgage giant Golden West Financial Corp. misled borrowers with its lending practices. (WB) (WFC) Thu, 20 Nov 2008 16:43:55 GMT Atlanta Business Chronicle Dick's Sporting Goods beats Street despite lower earnings http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/triangle/stories/2008/11/17/daily40.html?ana=from_rss Dick's Sporting Goods reported third-quarter earnings Thursday that were down year over year but in line with the expectations of Wall Street analysts. (DKS) Thu, 20 Nov 2008 16:41:36 GMT Triangle Business Journal Wachovia CEO Steel: Wells deal is the right move http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/triangle/stories/2008/11/17/daily38.html?ana=from_rss Wachovia Corp. CEO Bob Steel said Thursday that Charlotte could eventually see more jobs under Wells Fargo & Co. than Wachovia’s current 20,000 employees here, but that employment levels will depend more on industry trends than the impact of the banks’ merger. (WB) (C) (WFC) Thu, 20 Nov 2008 16:34:09 GMT Triangle Business Journal Conference sobered by economic projection http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/jacksonville/stories/2008/11/17/daily24.html?ana=from_rss A sobering afternoon forecast David Darst, Morgan Stanley’s chief investment strategist of its Global Wealth Management Group, shared this forecast as the afternoon keynote speaker at the ACB conference: Thu, 20 Nov 2008 16:31:25 GMT Jacksonville Business Journal Report: Feds probe Golden West http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/losangeles/stories/2008/11/17/daily26.html?ana=from_rss The Securities and Exchange Commission is investigating whether mortgage giant Golden West Financial Corp. misled borrowers with its lending practices. (WB) (WFC) Thu, 20 Nov 2008 15:43:10 GMT Los Angeles Business from bizjournals Dick's Sporting Goods 3Q earnings down http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/pittsburgh/stories/2008/11/17/daily37.html?ana=from_rss Dick's Sporting Goods reported third-quarter earnings Thursday that were down year-over-year, but were in line with the expectations of Wall Street analysts. (DKS) Thu, 20 Nov 2008 15:36:18 GMT Pittsburgh Business Times Steel: Wells deal is best for Charlotte http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/charlotte/stories/2008/11/17/daily33.html?ana=from_rss Wachovia Corp. Chief Executive Bob Steel said Thursday that Charlotte could eventually see more jobs under Wells Fargo & Co. than Wachovia’s current 20,000 employees here, but that will depend more on industry trends than the impact of the banks’ merger. (WB) (C) (WFC) Thu, 20 Nov 2008 15:32:23 GMT Charlotte Business Journal Report: Feds probe Golden West Financial http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanjose/stories/2008/11/17/daily56.html?ana=from_rss The Securities and Exchange Commission is investigating whether mortgage giant Golden West Financial Corp. misled borrowers with its lending practices. (WB) (WFC) Thu, 20 Nov 2008 15:23:35 GMT Silicon Valley / San Jose Business Journal Report: Feds probe Golden West http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanfrancisco/stories/2008/11/17/daily71.html?ana=from_rss The Securities and Exchange Commission is investigating whether mortgage giant Golden West Financial Corp. misled borrowers with its lending practices. (WB) (WFC) Thu, 20 Nov 2008 15:17:54 GMT San Francisco Business Times Nighthawk revenues jump, net losses decline http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanantonio/stories/2008/11/17/daily25.html?ana=from_rss Nighthawk Systems Inc., a manufacturer of wireless and IP-based control devices, continued to increase overall sales at a record pace during the third quarter. Thu, 20 Nov 2008 15:11:59 GMT San Antonio Business Journal Report: Feds probe Golden West http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/charlotte/stories/2008/11/17/daily32.html?ana=from_rss The Securities and Exchange Commission is investigating whether mortgage giant Golden West Financial Corp. misled borrowers with its lending practices. (WB) (WFC) Thu, 20 Nov 2008 15:11:29 GMT Charlotte Business Journal Team Financial expects quarterly loss of $9.8 million http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/kansascity/stories/2008/11/17/daily31.html?ana=from_rss Team Financial Inc. now expects to record a loss of $9.8 million, or $2.72 a share, for the third quarter, which ended Sept. 30. Thu, 20 Nov 2008 14:57:53 GMT Kansas City Business Journal Commerce Brokerage will buy back $545M in auction-rate securities http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/kansascity/stories/2008/11/17/daily30.html?ana=from_rss Commerce Brokerage Services Inc., an affiliate of Commerce Bank, will buy back $545 million in auction-rate securities from 140 investors as part of a settlement with the Missouri Secretary of State’s office. Thu, 20 Nov 2008 14:56:29 GMT Kansas City Business Journal GE launches $200M health care IT effort http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/milwaukee/stories/2008/11/17/daily36.html?ana=from_rss Officials at General Electric and its GE Healthcare unit said they will join forces with four health care institutions in a $200 million project to develop a national electronic health record system and related technologies. Thu, 20 Nov 2008 14:54:50 GMT The Business Journal of Milwaukee Staccato buys Artimi, gets $20M funding http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanjose/stories/2008/11/17/daily54.html?ana=from_rss Staccato Communications Inc. said Thursday it has acquired Artimi Inc. and raised $20 million in new equity financing. Thu, 20 Nov 2008 14:48:05 GMT Silicon Valley / San Jose Business Journal U.S. markets face more declines Thursday http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/dayton/stories/2008/11/17/daily24.html?ana=from_rss U.S. stock markets were poised to extend losses Thursday after selling big name bargain hunting reduced, but did not eliminate pessimism after the Dow’s first close under 8000 in five years. (C) Thu, 20 Nov 2008 14:38:28 GMT Dayton Business Journal U.S. markets face more declines Thursday http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/baltimore/stories/2008/11/17/daily43.html?ana=from_rss U.S. stock markets were poised to extend losses Thursday after selling big name bargain hunting reduced, but did not eliminate pessimism after the Dow’s first close under 8000 in five years. (C) Thu, 20 Nov 2008 13:55:04 GMT Baltimore Business Journal Dow drops more than 400 points Thursday http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/pittsburgh/stories/2008/11/17/daily32.html?ana=from_rss Financial markets took their second straight day of dramatic losses. The Dow plummeted 443.72 points, or 5.27 percent, to 7,553.56 for a two-day loss of more than 871 points. (AA) (AYE) (ATI) (AEO) (CNX) (DKS) (FII) (HNZ) (KOP) (NCC) (NCX) (PNC) (PPG) (X) (WCC) Thu, 20 Nov 2008 13:42:56 GMT Pittsburgh Business Times U.S. markets face more declines Thursday http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/washington/stories/2008/11/17/daily69.html?ana=from_rss U.S. stock markets were poised to extend losses Thursday after selling big name bargain hunting reduced, but did not eliminate pessimism after the Dow’s first close under 8000 in five years. (C) Thu, 20 Nov 2008 13:30:01 GMT Washington Business Journal GE includes UCSF in $200M health-care IT effort http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanfrancisco/stories/2008/11/17/daily67.html?ana=from_rss Officials at General Electric and its GE Healthcare unit said they will join forces with four health-care institutions, including UC San Francisco Medical Center, to develop a national electronic-health-record system and related technologies. Wed, 19 Nov 2008 22:56:43 GMT San Francisco Business Times Commerce to buy back $545M in auction rate securities http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/stlouis/stories/2008/11/17/daily53.html?ana=from_rss Commerce Brokerage Services Inc., an affiliate of Commerce Bank, has agreed to buy $545 million of auction rate securities from 140 investors, according to a settlement announced Wednesday with Missouri Secretary of State Robin Carnahan. Wed, 19 Nov 2008 22:52:20 GMT St. Louis Business Journal Dallas firm buys N. Orleans office tower http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/dallas/stories/2008/11/17/daily40.html?ana=from_rss 201 St. Charles Place LLC, a limited liability company associated with the Haberman Group, has purchased Place St. Charles, an office tower in downtown New Orleans. Wed, 19 Nov 2008 22:38:12 GMT Dallas Business Journal California Supreme Court to hear gay marriage suits http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sacramento/stories/2008/11/17/daily38.html?ana=from_rss The California Supreme Court will hear three lawsuits that seek to overturn the state’s recently passed Proposition 8, which changes the constitution to explicitly prohibit same-sex marriage. Wed, 19 Nov 2008 22:34:36 GMT Sacramento Business Journal California Supreme Court to hear gay marriage suits http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanfrancisco/stories/2008/11/17/daily65.html?ana=from_rss The California Supreme Court will hear three lawsuits that seek to overturn the state’s recently passed Proposition 8, which changes the constitution to explicitly prohibit same-sex marriage. Wed, 19 Nov 2008 22:20:18 GMT San Francisco Business Times Wells may add another Wachovia board member http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/losangeles/stories/2008/11/17/daily22.html?ana=from_rss Wells Fargo & Co. says three or four Wachovia Corp. board members will be appointed to the merged banks’ board after Wells buys Wachovia next month. (WFC) (WB) Wed, 19 Nov 2008 22:11:51 GMT Los Angeles Business from bizjournals Qdoba opening to benefit Kosair http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/louisville/stories/2008/11/17/daily38.html?ana=from_rss Qdoba Mexican Grill Friday will donate 50 percent of the first-day sales at its newest store to the Kosair Children’s Hospital Foundation. Wed, 19 Nov 2008 22:04:32 GMT Business First of Louisville Ex-nurse indicted in narcotics case http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/denver/stories/2008/11/17/daily34.html?ana=from_rss A 27-year-old former surgical nurse has been indicted by a federal grant jury for allegedly tampering with painkillers at Boulder Community Hospital at least 108 times to make narcotics. Wed, 19 Nov 2008 21:58:04 GMT Denver Business Journal Virgin Mobile slips from compliance with NYSE requirements http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/kansascity/stories/2008/11/17/daily29.html?ana=from_rss Virgin Mobile USA Inc. received notice from the New York Stock Exchange that it is not in compliance with listing criteria. (VM) (S) Wed, 19 Nov 2008 21:58:03 GMT Kansas City Business Journal Economy’s woes hammer stocks to five-year lows http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/cincinnati/stories/2008/11/17/daily40.html?ana=from_rss It was a bloodbath on Wall Street on Wednesday, and local stocks didn’t escape the market’s wrath. (SNI) (AKS) (LYTS) (LCAV) (ASH) (BGC) (ATRC) (HRC) (KNDL) (VIVO) (AFG) (FFBC) (FFHS) (PG) (KR) (M) (CTAS) Wed, 19 Nov 2008 21:57:36 GMT Business Courier of Cincinnati BBVA Compass exec says Birmingham plays important role http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/birmingham/stories/2008/11/17/daily23.html?ana=from_rss The headquarters for BBVA Compass is in Birmingham and the city will play a vital part of the company's future, said the top executive of the bank’s parent company Banco Bilbao Vizcaya Argentaria SA. Wed, 19 Nov 2008 20:54:42 GMT Birmingham Business Journal Pete Coors to become Molson Coors chairman http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/milwaukee/stories/2008/11/17/daily33.html?ana=from_rss Pete Coors will become chairman of the board of directors of Molson Coors Brewing Co. on Dec. 29, the company reported Tuesday. (TAP) Wed, 19 Nov 2008 20:53:56 GMT The Business Journal of Milwaukee NCAA Final Four sites announced http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/wichita/stories/2008/11/17/daily32.html?ana=from_rss The new Dallas Cowboys stadium will host the 2014 men’s Final Four basketball tournament, NCAA officials said Wednesday. Wed, 19 Nov 2008 20:48:10 GMT Wichita Business Journal Investment advisory firms combine http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/milwaukee/stories/2008/11/17/daily31.html?ana=from_rss Milwaukee-area investment advisory firms Oarsman Capital Inc. and Nackers & Associates have merged, the firms said Wednesday. Wed, 19 Nov 2008 20:46:29 GMT The Business Journal of Milwaukee Introgen moved from Nasdaq Global Market http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/austin/stories/2008/11/17/daily31.html?ana=from_rss Introgen Therapeutics Inc. is getting knocked from the Nasdaq Global Market to the Nasdaq Capital Market. Wed, 19 Nov 2008 20:30:37 GMT Austin Business Journal Kauffman Foundation will extend new-business survey http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/wichita/stories/2008/11/17/daily30.html?ana=from_rss The Ewing Marion Kauffman Foundation will extend the Kauffman Firm Survey, started in 2005, by four years. Wed, 19 Nov 2008 20:17:17 GMT Wichita Business Journal Fannie Mae slapped with NYSE notification http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/losangeles/stories/2008/11/17/daily18.html?ana=from_rss Fannie Mae could lose its listing on the New York Stock Exchange if it doesn’t boost its per-share price above $1. (FNM) Wed, 19 Nov 2008 20:05:50 GMT Los Angeles Business from bizjournals Sessions secures top GOP spot http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/dallas/stories/2008/11/17/daily36.html?ana=from_rss U.S. Congressman Pete Sessions, R-Dallas, has been elected chairman of the National Republican Congressional Committee. Wed, 19 Nov 2008 19:54:46 GMT Dallas Business Journal TBJ poll: Readers nix auto maker bailout http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/triad/stories/2008/11/17/daily34.html?ana=from_rss Enough is enough, say readers of The Business Journal. Wed, 19 Nov 2008 19:51:57 GMT The Business Journal of the Greater Triad Area Market ‘just too risky,’ Metastorm says after pulling IPO http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/baltimore/stories/2008/11/17/daily39.html?ana=from_rss Metastorm Inc. will look at buying more competitors in the coming months as it prepares to give an initial public offering another go in the middle of 2009. Wed, 19 Nov 2008 19:45:30 GMT Baltimore Business Journal Verizon doubles hybrid fleet to 200 http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/albany/stories/2008/11/17/daily42.html?ana=from_rss Verizon Communications Inc. is greening its vehicle fleet by adding 100 more hybrid sedans in seven states and D.C. (VZ) Wed, 19 Nov 2008 19:42:03 GMT The Business Review (Albany) Palmieri among seven named to Greater Baltimore Technology Council board http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/baltimore/stories/2008/11/17/daily36.html?ana=from_rss Millennial Media CEO Paul Palmieri is among seven new members of the Greater Baltimore Technology Council’s board of directors. Wed, 19 Nov 2008 19:19:11 GMT Baltimore Business Journal Cathay to get government investment http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/losangeles/stories/2008/11/17/daily16.html?ana=from_rss Cathay General Bancorp has been approved for an investment of $258 million from the federal government as part of the $700 billion Capital Purchase Program. (CATY) Wed, 19 Nov 2008 18:35:39 GMT Los Angeles Business from bizjournals HP rolls out new touch screen notebook, more MTV channels http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanjose/stories/2008/11/17/daily46.html?ana=from_rss Hewlett-Packard Co. on Wednesday rolled out its first notebook computer with multi-touch technology, something it had only offered before in desktop computers. (HPQ) Wed, 19 Nov 2008 18:32:43 GMT Silicon Valley / San Jose Business Journal Pershing revises Target land spin-off proposal http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/twincities/stories/2008/11/17/daily25.html?ana=from_rss Pershing Square Capital Management has revised its proposal that Target Corp. spin off its real estate holdings into an investment trust, suggesting such a move could be completed through a partial public offering. (TGT) Wed, 19 Nov 2008 18:25:23 GMT Minneapolis / St. Paul Business Journal Eastern Technology Council honors award winners http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/philadelphia/stories/2008/11/17/daily32.html?ana=from_rss Lawrence D. Alexander, the director of advanced technology at Lockheed Martin Corp.’s Information Systems & Global Services unit, was given the Legend Award for Lifetime Achievement by the Eastern Technology Council at its 16th annual Enterprise Awards banquet. Wed, 19 Nov 2008 18:15:29 GMT Philadelphia Business Journal Feds OK $300M for Susquehanna Bancshares http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/baltimore/stories/2008/11/17/daily34.html?ana=from_rss Susquehanna Bancshares Inc. has received preliminary approval to participate in the U.S. Treasury Department’s voluntary capital purchase program by receiving $300 million in capital. (SUSQ) Wed, 19 Nov 2008 18:08:22 GMT Baltimore Business Journal Cowboys stadium gets 2014 NCAA Final Four http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/dallas/stories/2008/11/17/daily34.html?ana=from_rss The new Dallas Cowboys stadium will host the 2014 men’s Final Four basketball tournament, NCAA officials said Wednesday. Wed, 19 Nov 2008 17:48:19 GMT Dallas Business Journal Kauffman Foundation will extend new-business survey http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/kansascity/stories/2008/11/17/daily22.html?ana=from_rss The Ewing Marion Kauffman Foundation will extend the Kauffman Firm Survey, started in 2005, by four years. Wed, 19 Nov 2008 17:37:04 GMT Kansas City Business Journal Conference focuses on logistics in Florida http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/jacksonville/stories/2008/11/17/daily19.html?ana=from_rss A two-day conference for private equity firms and lenders interested in investing in Florida private companies kicked off with tours of Jaxport, Cecil Field and Cecil Commerce Center. Wed, 19 Nov 2008 17:33:33 GMT Jacksonville Business Journal PDL hopes to spin off biotech unit by Dec. 18 http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanfrancisco/stories/2008/11/17/daily58.html?ana=from_rss PDL BioPharma Inc. could spin off its biotech operations into Facet Biotech Corp. by Dec. 18. (PDLI) (DNA) (ANSV) (BIIB) Wed, 19 Nov 2008 17:30:44 GMT San Francisco Business Times Feds OK $300M for Susquehanna Bancshares http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/philadelphia/stories/2008/11/17/daily30.html?ana=from_rss Susquehanna Bancshares Inc. has received preliminary approval to participate in the U.S. Treasury Department’s voluntary capital purchase program by receiving $300 million in capital. (SUSQ) Wed, 19 Nov 2008 17:25:40 GMT Philadelphia Business Journal New names surface for Yahoo CEO job http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanfrancisco/stories/2008/11/17/daily57.html?ana=from_rss Two new names have surfaced in speculation for who will replace Jerry Yang as Yahoo Inc.’s chief executive officer. (GOOG) (NWS) (TWX) (YHOO) (MSFT) Wed, 19 Nov 2008 17:24:57 GMT San Francisco Business Times Fannie Mae slapped with NYSE notification http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/tampabay/stories/2008/11/17/daily34.html?ana=from_rss Fannie Mae could lose its listing on the New York Stock Exchange if it doesn’t boost its per-share price above $1. (FNM) Wed, 19 Nov 2008 17:24:49 GMT Tampa Bay Business Journal Territorial Savings' parent company to go public http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/pacific/stories/2008/11/17/daily36.html?ana=from_rss Territorial Mutual Holding Co., parent of Territorial Savings Bank in Honolulu, is scheduled to go public early next year under the name Territorial Bancorp. Inc. and will issue up to 12.6 million shares of common stock on the Nasdaq Global Select Market under the stock symbol “TBNK.” Wed, 19 Nov 2008 17:23:06 GMT Pacific Business News (Honolulu) Gift card sales expected to fall 6% http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/tampabay/stories/2008/11/17/daily33.html?ana=from_rss Gift card purchases are predicted to suffer this holiday season as consumers continue to monitor the current economy and their wallets. Wed, 19 Nov 2008 17:22:47 GMT Tampa Bay Business Journal Fannie Mae slapped with NYSE notification http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sacramento/stories/2008/11/17/daily31.html?ana=from_rss Fannie Mae could lose its listing on the New York Stock Exchange if it doesn’t boost its per-share price above $1. (FNM) Wed, 19 Nov 2008 17:14:44 GMT Sacramento Business Journal Quantance raises $12 million http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanfrancisco/stories/2008/11/17/daily56.html?ana=from_rss Semiconductor startup Quantance Inc. raised $12 million in its second round of venture funding. Wed, 19 Nov 2008 17:05:29 GMT San Francisco Business Times Fed stops dividends at two Ga. banks http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/atlanta/stories/2008/11/17/daily55.html?ana=from_rss The Federal Reserve Bank of Atlanta and Georgia banking commissioner have signed written agreements with two troubled Georgia banks -- Southern Community Bancshares Inc. and FirstBank Financial Services Inc. -- that prevents them from declaring dividends. Wed, 19 Nov 2008 16:41:23 GMT Atlanta Business Chronicle Gift card sales expected to fall 6% http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/jacksonville/stories/2008/11/17/daily18.html?ana=from_rss Gift card purchases are predicted to suffer this holiday season as consumers continue to monitor the current economy and their wallets. Wed, 19 Nov 2008 16:39:02 GMT Jacksonville Business Journal Fannie Mae slapped with NYSE notification http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/jacksonville/stories/2008/11/17/daily17.html?ana=from_rss Fannie Mae could lose its listing on the New York Stock Exchange if it doesn’t boost its per-share price above $1. (FNM) Wed, 19 Nov 2008 16:38:14 GMT Jacksonville Business Journal Fannie Mae slapped with NYSE notification http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/wichita/stories/2008/11/17/daily24.html?ana=from_rss Fannie Mae could lose its listing on the New York Stock Exchange if it doesn’t boost its per-share price above $1. (FNM) Wed, 19 Nov 2008 16:14:40 GMT Wichita Business Journal Holiday gift card sales to fall 6 percent http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/dayton/stories/2008/11/17/daily11.html?ana=from_rss Gift card purchases are expected to suffer this holiday season as consumers continue to monitor the economic slowdown and their wallets. Wed, 19 Nov 2008 15:27:52 GMT Dayton Business Journal Fannie Mae slapped with NYSE notification http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/triad/stories/2008/11/17/daily27.html?ana=from_rss Fannie Mae could lose its listing on the New York Stock Exchange if it doesn’t boost its per-share price above $1. (FNM) Wed, 19 Nov 2008 15:24:09 GMT The Business Journal of the Greater Triad Area Fannie Mae slapped with NYSE notification http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/atlanta/stories/2008/11/17/daily47.html?ana=from_rss Fannie Mae could lose its listing on the New York Stock Exchange if it doesn’t boost its per-share price above $1. (FNM) Wed, 19 Nov 2008 15:23:27 GMT Atlanta Business Chronicle Source: Insider trading charge makes Cuban's Cubs bid uncertain http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/atlanta/stories/2008/11/17/daily46.html?ana=from_rss The Securities and Exchange Commission's allegation of insider trading against Mark Cuban could stall the Dallas billionaire’s bid for the Chicago Cubs. Wed, 19 Nov 2008 15:16:02 GMT Atlanta Business Chronicle NRF: Holiday gift card sales to fall 6% http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/columbus/stories/2008/11/17/daily18.html?ana=from_rss Gift card purchases are expected to suffer this holiday season as consumers continue to monitor the economic slowdown and their wallets. Wed, 19 Nov 2008 15:08:43 GMT Business First of Columbus Team Financial will file quarterly report late http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/kansascity/stories/2008/11/17/daily19.html?ana=from_rss Team Financial Inc. will file its third-quarter financial report late and expects a loss of at least $3.5 million for the quarter. Wed, 19 Nov 2008 14:54:38 GMT Kansas City Business Journal Safeguard Scientifics in on Tengion funding http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/philadelphia/stories/2008/11/17/daily24.html?ana=from_rss Tengion Inc. said Wednesday it completed a second closing of its series-C financing, receiving a total of about $21 million from existing investors and one new investor. (SFE) Wed, 19 Nov 2008 14:53:40 GMT Philadelphia Business Journal Boston Private Financial Holdings to get aid http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/boston/stories/2008/11/17/daily31.html?ana=from_rss Boston Private Financial Holdings Inc. (Nasdaq: BPFH) said it has received preliminary approval to get about $150 million from the U.S. Treasury as part of the government’s $700 billion bailout of U.S. banks. Wed, 19 Nov 2008 14:49:21 GMT Boston Business Journal Mark Cuban's Cubs bid uncertain after insider trading charge http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/milwaukee/stories/2008/11/17/daily20.html?ana=from_rss The U.S. Securities and Exchange Commission's allegation of insider trading against Dallas Mavericks owner Mark Cuban could stall the billionaire’s bid for the Chicago Cubs. Wed, 19 Nov 2008 14:47:41 GMT The Business Journal of Milwaukee Wells Fargo named top small-business lender in Texas http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/houston/stories/2008/11/17/daily27.html?ana=from_rss Wells Fargo Bank, NA has been ranked the leading small-business lender in both the United States and Texas, according to the latest Community Reinvestment Act and Small Business Administration data. (WFC) Wed, 19 Nov 2008 14:39:05 GMT Houston Business Journal Apptera raises $10.5 million http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanfrancisco/stories/2008/11/17/daily50.html?ana=from_rss Apptera Inc. raised $10.5 million in financing led by existing investors Lightspeed Venture Partners, Alloy Ventures, and Walden International. (YHOO) Wed, 19 Nov 2008 14:35:39 GMT San Francisco Business Times GenVec reports promising results from drug tests http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/washington/stories/2008/11/17/daily52.html?ana=from_rss GenVec’s pancreatic cancer treatment, which won fast-track review from the Food and Drug Administration just a week ago, showed promise after 12 months of use, but didn’t yield significant enough results after two years to appease investors. (GNVC) Wed, 19 Nov 2008 13:51:20 GMT Washington Business Journal Gift card sales expected to fall 6% http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/orlando/stories/2008/11/17/daily26.html?ana=from_rss Gift card purchases are predicted to suffer this holiday season as consumers continue to monitor the current economy and their wallets. Wed, 19 Nov 2008 13:46:08 GMT Orlando Business Journal Losses loom for U.S. markets Wednesday http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/baltimore/stories/2008/11/17/daily29.html?ana=from_rss U.S. stock markets appeared unable to sustain Tuesday gains before the opening bell Wednesday. Wed, 19 Nov 2008 13:41:34 GMT Baltimore Business Journal Facebook app fee upsets some developers http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanjose/stories/2008/11/17/daily40.html?ana=from_rss A new fee planned by Facebook Inc. for verifying applications built for its social network is drawing some criticism. Wed, 19 Nov 2008 13:33:48 GMT Silicon Valley / San Jose Business Journal Dow plummets 400 points Wednesday; nine Pittsburgh companies hit new 52-week lows http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/pittsburgh/stories/2008/11/17/daily23.html?ana=from_rss Mounting Wednesday afternoon losses sent the Dow skidding below the 8,000 point barrier. At the end of trading, it dropped 427.47 points or 5.07 percent to 7,997.28. Nasdaq lost 96.85 points or 6.53 percent to finish Wednesday at 1,386.42. (ATI) (X) (WCC) (AEO) (KOP) (DKS) (NCX) (AYE) (CNX) (FII) (HNZ) (NCC) (PNC) Wed, 19 Nov 2008 13:27:46 GMT Pittsburgh Business Times Losses loom for U.S. markets Wednesday http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/washington/stories/2008/11/17/daily50.html?ana=from_rss U.S. stock markets appeared unable to sustain Tuesday gains before the opening bell Wednesday. Wed, 19 Nov 2008 13:19:13 GMT Washington Business Journal Fannie Mae slapped with NYSE notification http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/pittsburgh/stories/2008/11/17/daily22.html?ana=from_rss Fannie Mae could lose its listing on the New York Stock Exchange if it doesn’t boost its per-share price above $1. (FNM) Wed, 19 Nov 2008 13:04:05 GMT Pittsburgh Business Times Gibraltar Bank logs $125M Q3 loss http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/southflorida/stories/2008/11/17/daily29.html?ana=from_rss Coral Gables-based Gibraltar Private Bank suffered a $124.6 million loss in the third quarter, brought about mostly by a $125 million non-cash charge from its parent company to account for the plummeting value of Florida savings and loan institutions. (BPFH) Wed, 19 Nov 2008 12:40:42 GMT South Florida Business Journal Community Bank passes on Treasury program http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/buffalo/stories/2008/11/17/daily23.html?ana=from_rss Community Bank System Inc. will not to apply for funds through the U.S. Treasury Department’s Capital Purchase Program, which is part of the federal government’s Troubled Asset Relief Program. (CBU) Wed, 19 Nov 2008 12:26:26 GMT Business First of Buffalo Source: Insider trading charge makes Cuban's Cubs bid uncertain http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/dallas/stories/2008/11/17/daily25.html?ana=from_rss The Securities and Exchange Commission's allegation of insider trading against Mark Cuban could stall the Dallas billionaire’s bid for the Chicago Cubs. Wed, 19 Nov 2008 04:42:26 GMT Dallas Business Journal Metastorm withdraws IPO in rocky market http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/baltimore/stories/2008/11/17/daily28.html?ana=from_rss Metastorm Inc. is pulling its $86 million initial public offering because of the economic crisis and stock market slump. (EBAY) Wed, 19 Nov 2008 02:02:15 GMT Baltimore Business Journal Insituform Technologies cuts 35 managers, support staff http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/stlouis/stories/2008/11/17/daily41.html?ana=from_rss Insituform Technologies Inc. announced late Tuesday that it plans to eliminate 35 of its management and support staff positions. Approximately half of the positions are located at the company’s headquarters in Chesterfield, with the remainder based throughout North America. Wed, 19 Nov 2008 00:20:52 GMT St. Louis Business Journal Related Group to offer loans on troubled assets http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/southflorida/stories/2008/11/17/daily28.html?ana=from_rss Condo building juggernaut the Related Group is offering itself out as a consultant and possibly a lender for troubled real estate assets. Wed, 19 Nov 2008 00:20:27 GMT South Florida Business Journal South Florida's connections to China poised to grow http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/southflorida/stories/2008/11/17/daily27.html?ana=from_rss Miami on Wednesday will become the official home of the Asia America Equity Exchange (AAEE), a group that will promote investment between North and South America and China. Tue, 18 Nov 2008 23:45:50 GMT South Florida Business Journal Fannie Mae slapped with NYSE notification http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/washington/stories/2008/11/17/daily49.html?ana=from_rss Fannie Mae could lose its listing on the New York Stock Exchange if it doesn’t boost its per-share price above $1. (FNM) Tue, 18 Nov 2008 23:05:59 GMT Washington Business Journal Venture Financial scraps IPO plans http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/seattle/stories/2008/11/17/daily16.html?ana=from_rss Venture Financial has pulled its plans to go public, the latest move by the Washington banking company struggling through the financial crisis and housing market downturn. Tue, 18 Nov 2008 22:54:07 GMT Puget Sound Business Journal (Seattle) Lance bids to buy cookie companies http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/triad/stories/2008/11/17/daily23.html?ana=from_rss Lance Inc. has obtained approval from the U.S. Bankruptcy Court for the District of Delaware to bid for the primary assets of snack-food companies Archway Cookies and Mother’s Cake and Cookie Co. (LNCE) Tue, 18 Nov 2008 22:48:30 GMT The Business Journal of the Greater Triad Area Lance bids to buy cookie companies http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/charlotte/stories/2008/11/17/daily18.html?ana=from_rss Lance Inc. has obtained approval from the U.S. Bankruptcy Court for the District of Delaware to bid for the primary assets of snack-food companies Archway Cookies and Mother’s Cake and Cookie Co. (LNCE) Tue, 18 Nov 2008 22:33:11 GMT Charlotte Business Journal Oplink CEO decides not to leave http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanjose/stories/2008/11/17/daily33.html?ana=from_rss Oplink Communications Inc. said Tuesday its chief executive, Joe Liu, will not leave his position at the end of the year as previously announced. (OPLK) Tue, 18 Nov 2008 22:27:03 GMT Silicon Valley / San Jose Business Journal Pittsburgh's casino to get new name http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/pittsburgh/stories/2008/11/17/daily21.html?ana=from_rss Pittsburgh's casino may still be majestic, but that won't be reflected in its name. Tue, 18 Nov 2008 22:23:51 GMT Pittsburgh Business Times Feds, Pa. OK Harleysville National, Willow Financial merger http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/philadelphia/stories/2008/11/17/daily23.html?ana=from_rss Harleysville National Corp. said Tuesday that the Federal Reserve Board and the Pennsylvania Department of Banking have approved its planned acquisition of Willow Financial Bancorp Inc. (HNBC) (WFBC) Tue, 18 Nov 2008 22:09:11 GMT Philadelphia Business Journal Sutter buys potential Livermore hospital site for $39.5M http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sacramento/stories/2008/11/17/daily24.html?ana=from_rss Sutter Health late last month acquired 45.3 acres of vacant land in Livermore for $39.5 million, spokesman Bill Gleeson confirmed Tuesday. Tue, 18 Nov 2008 22:00:04 GMT Sacramento Business Journal Chairman's role shifts to Pete Coors http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/denver/stories/2008/11/17/daily24.html?ana=from_rss Pete Coors will become chairman of the board of directors of Molson Coors Brewing Co. on Dec. 29, the company reported Tuesday. (TAP) Tue, 18 Nov 2008 21:59:38 GMT Denver Business Journal Wilkerson indicted on extortion charges http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/boston/stories/2008/11/17/daily26.html?ana=from_rss State Sen. Diane Wilkerson was indicted Tuesday afternoon by a federal grand jury and charged with eight counts of attempted extortion. Tue, 18 Nov 2008 21:49:31 GMT Boston Business Journal Wells Fargo named top small-business lender in Texas http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanantonio/stories/2008/11/17/daily14.html?ana=from_rss Wells Fargo Bank, NA has been ranked the leading small-business lender in both the United States and Texas, according to the latest Community Reinvestment Act and Small Business Administration data. (WFC) Tue, 18 Nov 2008 21:40:06 GMT San Antonio Business Journal Texas Capital applies for bailout funds http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/austin/stories/2008/11/17/daily24.html?ana=from_rss Texas Capital Bancshares Inc. has filed an application with the U.S. Treasury Department requesting $130 million in new capital through the government’s voluntary Capital Purchase Program. Tue, 18 Nov 2008 20:53:41 GMT Austin Business Journal Texas Capital applies for bailout funds http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanantonio/stories/2008/11/17/daily13.html?ana=from_rss Texas Capital Bancshares Inc. has filed an application with the U.S. Treasury Department requesting $130 million in new capital through the government’s voluntary Capital Purchase Program. (CFR) Tue, 18 Nov 2008 20:44:49 GMT San Antonio Business Journal Pinnacle seeks $95M from feds http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/nashville/stories/2008/11/17/daily15.html?ana=from_rss Nashville's Pinnacle Financial Partners Inc. has applied for up to $95 million from the government’s $700 billion program to invest in banks. Tue, 18 Nov 2008 20:19:36 GMT Nashville Business Journal Digital River stock falls on downgrade http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/twincities/stories/2008/11/17/daily18.html?ana=from_rss Shares of Digital River Inc. fell by more than 20 percent in afternoon trading Tuesday, after an analyst downgraded the company’s stock to “sell.” Tue, 18 Nov 2008 20:14:17 GMT Minneapolis / St. Paul Business Journal UCBI third Ga. bank to get TARP money http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/atlanta/stories/2008/11/17/daily41.html?ana=from_rss United Community Banks Inc. will receive $180 million from the U.S. Treasury’s Capital Purchase Program, the company announced Tuesday. (SNV) (STI) (UCBI) Tue, 18 Nov 2008 20:08:02 GMT Atlanta Business Chronicle AG settles with debt elimination marketers http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/jacksonville/stories/2008/11/17/daily15.html?ana=from_rss The economic crimes division of the Florida attorney general’s office has reached a settlement with two individuals and two companies formerly associated with a debt elimination scheme. Tue, 18 Nov 2008 19:59:34 GMT Jacksonville Business Journal BB&T gets $3.1B in federal funds http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/atlanta/stories/2008/11/17/daily37.html?ana=from_rss BB&T Corp. is receiving $3.1 billion in federal funds as part of the U.S. government’s effort to add liquidity to the credit markets. (BBT) (BAC) (WB) Tue, 18 Nov 2008 19:31:28 GMT Atlanta Business Chronicle GE recalls 244,000 wall ovens http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/louisville/stories/2008/11/17/daily23.html?ana=from_rss GE Consumer & Industrial has recalled about 244,000 wall ovens because of the potential for a fire. (GE) Tue, 18 Nov 2008 19:26:23 GMT Business First of Louisville Google adds iconic Life photos to index http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanfrancisco/stories/2008/11/17/daily34.html?ana=from_rss Online advertising giant Google Inc. added archives of photos from Life magazine to its collection of images users can search. (GOOG) Tue, 18 Nov 2008 19:17:34 GMT San Francisco Business Times Severn Bancorp expecting $23.5M from U.S. http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/baltimore/stories/2008/11/17/daily22.html?ana=from_rss Severn Bancorp. Inc. said Tuesday it has been approved to receive $23.5 million from the U.S. Treasury Department under the federal stock purchase program. (SVBI) Tue, 18 Nov 2008 19:09:09 GMT Baltimore Business Journal Report: Tennessee doesn’t spend enough on tobacco prevention http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/memphis/stories/2008/11/17/daily12.html?ana=from_rss In a report released today, the Campaign for Tobacco-Free Kids ranked Tennessee 40th for the amount of money it spends on tobacco prevention. Tue, 18 Nov 2008 19:09:06 GMT Memphis Business Journal Lydian Bank suffers $12.6M Q3 loss http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/southflorida/stories/2008/11/17/daily23.html?ana=from_rss As Lydian Private Bank pursues a complaint against Countywide Home Loans, alleging it defrauded Lydian in loan purchases agreements, the largest Palm Beach County-based bank fell into the red in the third quarter, with a $12.6 million loss. Tue, 18 Nov 2008 19:09:00 GMT South Florida Business Journal Jerry Yang ready to leave as Yahoo's CEO http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/pacific/stories/2008/11/17/daily24.html?ana=from_rss Yahoo Inc. said late Monday afternoon that co-founder and chief executive Jerry Yang will resign. Tue, 18 Nov 2008 19:09:00 GMT Pacific Business News (Honolulu) BankUnited loses $261M, but cash position increases http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/southflorida/stories/2008/11/17/daily22.html?ana=from_rss BankUnited lost nearly a quarter of its capital in the last quarter, weighed down by mortgages that permitted payments below the amount of interest accrued each month. (BKUNA) Tue, 18 Nov 2008 18:52:00 GMT South Florida Business Journal Aegon eyes acquiring Suburban Federal http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/baltimore/stories/2008/11/17/daily19.html?ana=from_rss Dutch insurer Aegon N.V. has applied to acquire troubled Suburban Federal Savings Bank in Crofton in an effort to pursue some of the federal money available to banks. (AEG) Tue, 18 Nov 2008 18:51:33 GMT Baltimore Business Journal Suthers cracks down on mortgage ads http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/denver/stories/2008/11/17/daily20.html?ana=from_rss Three Colorado mortgage brokers have reached settlements with state Attorney General John Suthers to end what Suthers called the “deceptive use of teaser rates in mortgage-loan advertisements” in Denver newspapers. Tue, 18 Nov 2008 18:10:41 GMT Denver Business Journal AG settles with debt elimination marketers http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/tampabay/stories/2008/11/17/daily28.html?ana=from_rss The economic crimes division of the Florida attorney general’s office has reached a settlement with two individuals and two companies formerly associated with a debt elimination scheme. Tue, 18 Nov 2008 18:06:02 GMT Tampa Bay Business Journal Nature Conservancy buys 7,000-acre Fresno Ranch in Big Bend http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/austin/stories/2008/11/17/daily19.html?ana=from_rss The Nature Conservancy of Texas has purchased the 7,000-acre Fresno Ranch in far West Texas to expand Big Bend Ranch State Park. Tue, 18 Nov 2008 17:37:10 GMT Austin Business Journal Motricity sues departed executive http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/triangle/stories/2008/11/17/daily17.html?ana=from_rss Technology company Motricity is suing one of the architects behind its move to the West Coast from Durham – raising questions about a deal that resulted in 250 local layoffs and the Triangle’s loss of one of its richest venture-backed companies. (S) Tue, 18 Nov 2008 17:34:45 GMT Triangle Business Journal Magic helps out Church Street tenants http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/orlando/stories/2008/11/17/daily22.html?ana=from_rss The Orlando Magic will distribute about $50,000 to 11 businesses on West Church Street to help the firms pay for rent through June 2010. Tue, 18 Nov 2008 17:31:07 GMT Orlando Business Journal Sutter Health buys potential Livermore hospital site for $39.5M http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanfrancisco/stories/2008/11/17/daily31.html?ana=from_rss Sutter Health late last month acquired 45.3 acres of vacant land in Livermore for $39.5 million, spokesman Bill Gleeson confirmed Tuesday. (KLAC) Tue, 18 Nov 2008 17:28:08 GMT San Francisco Business Times DART board to vote on 20-year plan http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/dallas/stories/2008/11/17/daily19.html?ana=from_rss Dallas Area Rapid Transit’s board will be voting on whether to approve DART’s 20-year financial plan on Tuesday. Tue, 18 Nov 2008 17:26:54 GMT Dallas Business Journal Verizon doubles hybrid fleet to 200 http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/washington/stories/2008/11/17/daily36.html?ana=from_rss Verizon Communications Inc. is greening its vehicle fleet by adding 100 more hybrid sedans in seven states and D.C. — nine of which will roll around the area. (VZ) Tue, 18 Nov 2008 17:26:41 GMT Washington Business Journal First Horizon receives $866M from feds http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/nashville/stories/2008/11/17/daily13.html?ana=from_rss First Horizon National Corp. has received its $866 million capital injection from the U.S. Treasury Department, the company said Monday. (FHN) Tue, 18 Nov 2008 17:20:41 GMT Nashville Business Journal HMSA reports $5M profit in Q3 http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/pacific/stories/2008/11/17/daily17.html?ana=from_rss The Hawaii Medical Service Association posted a $5.14 million profit in the third quarter of 2008 compared to a $10.9 million loss during the same period last year. Tue, 18 Nov 2008 17:07:45 GMT Pacific Business News (Honolulu) Shaw Festival finishes on up note http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/buffalo/stories/2008/11/17/daily17.html?ana=from_rss Despite myriad challenges, the Shaw Festival finished its 2008 season with increases in attendance and box-office revenues. Tue, 18 Nov 2008 17:06:36 GMT Business First of Buffalo Sherborne Investors buys more Nautilus stock http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/seattle/stories/2008/11/17/daily7.html?ana=from_rss The investment group that won control of Nautilus Inc. after a contentious proxy fight nearly a year ago has increased its share in the fitness equipment manufacturer. (NLS) (DSCM) (EXPE) (POPE) (SGEN) Tue, 18 Nov 2008 17:04:58 GMT Puget Sound Business Journal (Seattle) King of Prussia Mall steps up to attract holiday foot traffic http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/philadelphia/stories/2008/11/17/daily20.html?ana=from_rss King of Prussia Mall is trying to fight economic fear with new features this holiday shopping season. Tue, 18 Nov 2008 17:03:29 GMT Philadelphia Business Journal Jerry Yang ready to leave as Yahoo's CEO http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sacramento/stories/2008/11/17/daily18.html?ana=from_rss Yahoo Inc. said late Monday afternoon that co-founder and chief executive Jerry Yang will resign. Tue, 18 Nov 2008 17:03:06 GMT Sacramento Business Journal Boeing changes name of IDS in Australia http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/stlouis/stories/2008/11/17/daily26.html?ana=from_rss The Boeing Co. [NYSE: BA] is changing the name of its Integrated Defense Systems business in Australia to Boeing Defence Australia. John Duddy was appointed vice president and managing director of Boeing Defence Australia effective Dec. 8. (BA) Tue, 18 Nov 2008 16:55:04 GMT St. Louis Business Journal Scottrade expands Fort Worth presence http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/dallas/stories/2008/11/17/daily18.html?ana=from_rss Online investment company Scottrade is opening a new branch office in Fort Worth on Nov. 24. Tue, 18 Nov 2008 16:14:07 GMT Dallas Business Journal Lawrence to take top job at Milacron http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/cincinnati/stories/2008/11/17/daily21.html?ana=from_rss Milacron Inc. has elected David Lawrence as president and CEO, effective Dec. 1, replacing Ron Brown. Tue, 18 Nov 2008 16:13:07 GMT Business Courier of Cincinnati D.C. uncovers illegal car dealerships http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/washington/stories/2008/11/17/daily33.html?ana=from_rss Following a two-week sweep of more than 100 automotive dealerships across the District, city officials will close down 23 illegal used-car dealerships. Tue, 18 Nov 2008 16:11:35 GMT Washington Business Journal No word from Citi on Amherst site http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/buffalo/stories/2008/11/17/daily16.html?ana=from_rss Citigroup Inc. intends to cut more than 50,000 jobs in the near-term, but it is unclear if and how the financial company’s back- and mid-office operations center in Amherst will be affected. (C) Tue, 18 Nov 2008 15:49:42 GMT Business First of Buffalo Yahoo CEO Yang to step down http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/southflorida/stories/2008/11/17/daily17.html?ana=from_rss Investors pushed shares up Tuesday on the news that co-founder and Chief Executive Jerry Yang will resign. (YHOO) (MSFT) (GOOG) Tue, 18 Nov 2008 15:43:27 GMT South Florida Business Journal Yahoo's Jerry Yang stepping down http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/pittsburgh/stories/2008/11/17/daily16.html?ana=from_rss Jerry Yang, Yahoo's CEO, told employees in a memo that he is stepping down. (YHOO) (MSFT) Tue, 18 Nov 2008 15:39:25 GMT Pittsburgh Business Times U.S. markets display more weakness Tuesday http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/baltimore/stories/2008/11/17/daily14.html?ana=from_rss U.S. stock markets were headed for a third straight day of declines Tuesday, following overseas losses. Tue, 18 Nov 2008 15:35:53 GMT Baltimore Business Journal Numerate raises $4M http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanfrancisco/stories/2008/11/17/daily26.html?ana=from_rss Numerate Inc. raised $4 million in a first round of venture financing with investors including Foundation Capital, Lanza techVentures and several people. Tue, 18 Nov 2008 15:27:59 GMT San Francisco Business Times StemCells closes $20M financing http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanjose/stories/2008/11/17/daily26.html?ana=from_rss StemCells Inc. said Tuesday it sold about 13.8 million shares of its stock, along with warrants for more purchases, to certain institutional investors for about $20 million in equity financing. (STEM) Tue, 18 Nov 2008 15:18:53 GMT Silicon Valley / San Jose Business Journal Former Commerce Bank Chairman Hill cleared in investigation http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/philadelphia/stories/2008/11/17/daily16.html?ana=from_rss The Office of the Comptroller of the Currency’s two-year investigation of former Commerce Bancorp Inc. Chairman Vernon W. Hill III has ended in an order that could restrict Hill’s bank-related real estate dealings but includes no charges of illegality. Tue, 18 Nov 2008 15:14:32 GMT Philadelphia Business Journal MeadWestvaco to cut 120 local jobs http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/charlotte/stories/2008/11/17/daily12.html?ana=from_rss MeadWestvaco Corp. will close its packaging plant in Grover early next year, cutting 120 jobs. (MWV) Tue, 18 Nov 2008 15:08:51 GMT Charlotte Business Journal Brandywine Realty in tax-credit deal with U.S. Bancorp http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/philadelphia/stories/2008/11/17/daily15.html?ana=from_rss Brandywine Realty Trust has finalized a tax-credit transaction that gives it funding for the rehabilitation of the former U.S. Post Office facility at 30th Street Station in Philadelphia. (BDN) (USB) Tue, 18 Nov 2008 15:07:38 GMT Philadelphia Business Journal Danversbank says "no thanks" to bailout cash http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/boston/stories/2008/11/17/daily15.html?ana=from_rss Danversbank said it will not take any bailout money from the federal government. Tue, 18 Nov 2008 15:01:54 GMT Boston Business Journal Tengion CEO named Entrepreneur of the Year http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/triad/stories/2008/11/17/daily18.html?ana=from_rss Tengion co-founder and CEO Dr. Steven Nichtberger has received the Ernst & Young national Entrepreneur of the Year award for emerging companies. Tue, 18 Nov 2008 14:58:01 GMT The Business Journal of the Greater Triad Area StemCells closes $20M stock sale http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanfrancisco/stories/2008/11/17/daily24.html?ana=from_rss StemCells Inc. completed a $20 million stock sale announced Nov. 12 to unnamed institutional investors. (STEM) Tue, 18 Nov 2008 14:53:32 GMT San Francisco Business Times Economic conditions taking a toll on OSI Restaurant Partners http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/tampabay/stories/2008/11/17/daily22.html?ana=from_rss Disruptions in financial markets, including the subprime mortgage crisis and the bankruptcy and restructuring of key financial institutions, pose challenges to OSI Restaurant Partners LLC. Tue, 18 Nov 2008 14:53:20 GMT Tampa Bay Business Journal U.S. markets rally Tuesday to close in positive territory http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/pittsburgh/stories/2008/11/17/daily12.html?ana=from_rss Financial markets soared and then backpedaled throughout Tuesday. But the Dow rallied around 3 p.m. to gain 151.17 points or 1.83 percent to close at 8,424.75. Nasdaq gained 1.22 points or 0.08 percent to finish trading at 1,483.27. (NCX) (DKS) (AA) (AYE) (ATI) (CNX) (FII) (HNZ) (KOP) (NCC) (PNC) (PPG) (X) (WCC) Tue, 18 Nov 2008 13:37:46 GMT Pittsburgh Business Times U.S. markets display more weakness Tuesday http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/washington/stories/2008/11/17/daily22.html?ana=from_rss U.S. stock markets were headed for a third straight day of declines Tuesday, following overseas losses. Tue, 18 Nov 2008 13:30:49 GMT Washington Business Journal Jerry Yang ready to leave as Yahoo's CEO http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/atlanta/stories/2008/11/17/daily21.html?ana=from_rss Yahoo Inc. said late Monday co-founder and CEO Jerry Yang will resign. (YHOO) (MSFT) (GOOG) Tue, 18 Nov 2008 12:45:58 GMT Atlanta Business Chronicle Yahoo shares rise on news of CEO Jerry Yang's departure http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanjose/stories/2008/11/17/daily18.html?ana=from_rss Investors pushed Yahoo Inc. shares up about 12 percent Tuesday on the news that co-founder and Chief Executive Jerry Yang will resign. (YHOO) (MSFT) (GOOG) Tue, 18 Nov 2008 02:03:01 GMT Silicon Valley / San Jose Business Journal Marnella Homes exits bankruptcy http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/portland/stories/2008/11/17/daily16.html?ana=from_rss The first local home builder to seek protection from creditors in U.S. Bankruptcy Court has become the first to exit. Tue, 18 Nov 2008 02:00:01 GMT Portland Business Journal Yahoo's Jerry Yang stepping down http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanfrancisco/stories/2008/11/17/daily22.html?ana=from_rss Jerry Yang, Yahoo's CEO, told employees in a memo on Monday that he is stepping down. (YHOO) (MSFT) Tue, 18 Nov 2008 01:18:48 GMT San Francisco Business Times Citi axing 53,000 more jobs http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/albuquerque/stories/2008/11/17/daily9.html?ana=from_rss Citigroup Inc. said Monday it will eliminate approximately 53,000 more jobs in the near future as part of its wide cost-cutting efforts. (C) Tue, 18 Nov 2008 00:56:16 GMT New Mexico Business Weekly Denver unveils foreclosure plan http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/denver/stories/2008/11/17/daily15.html?ana=from_rss The Denver Office of Economic Development (OED) has released the draft of an action plan for using $6.1 million in federal funds to buy and redevelop foreclosed homes in Denver, the office said Monday. Tue, 18 Nov 2008 00:02:48 GMT Denver Business Journal Citigroup cutting 50,000 jobs http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/pacific/stories/2008/11/17/daily12.html?ana=from_rss Citigroup Inc. said Monday it plans to eliminate at least 50,000 jobs. (C) (WB) (WFC) Mon, 17 Nov 2008 23:29:30 GMT Pacific Business News (Honolulu) Kohl tapped as Spheris CEO http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/nashville/stories/2008/11/17/daily10.html?ana=from_rss Daniel J. Kohl has been named president and chief executive officer of Franklin-based Spheris, one of the nation’s largest providers of medical transcription technology and services. He will also join Spheris’ board of directors. Mon, 17 Nov 2008 23:22:32 GMT Nashville Business Journal Johnson Capital racks up $120M in deals http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/denver/stories/2008/11/17/daily14.html?ana=from_rss Johnson Capital’s Denver office arranged $120 million in financing for real estate transactions in the third quarter, according to the company. Mon, 17 Nov 2008 23:14:17 GMT Denver Business Journal Planar sells CoolSign business, stock hits all time low http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/portland/stories/2008/11/17/daily15.html?ana=from_rss Display maker Planar Systems Inc. has sold a portion of its CoolSign digital signage business to Bally Technologies Inc., a maker of technology systems for gambling companies, for an undisclosed sum. (PLNR) (BYI) Mon, 17 Nov 2008 22:31:55 GMT Portland Business Journal Kiplinger names editor http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/washington/stories/2008/11/17/daily21.html?ana=from_rss Janet Bodnar, deputy editor of Kiplinger’s Personal Finance magazine in D.C. since 2005, has been named successor to retiring editor Fred W. Frailey. Mon, 17 Nov 2008 22:28:48 GMT Washington Business Journal Mortgage broker gets 3.5 years in fraud http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/phoenix/stories/2008/11/17/daily18.html?ana=from_rss Phoenix mortgage broker Rick Thomas McCullough was sentenced to three-and-a-half years in prison after pleading guilty to securities fraud related to a scam bilking four seniors out of more than $400,000. Mon, 17 Nov 2008 22:20:08 GMT Phoenix Business Journal First Horizon receives $866M from feds http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/memphis/stories/2008/11/17/daily6.html?ana=from_rss First Horizon National Corp. has received its $866 million capital injection from the U.S. Treasury Department, the company said Monday. (FHN) Mon, 17 Nov 2008 22:18:37 GMT Memphis Business Journal More than 240 lawmakers, community leaders urge SEIU to hold off on UHW takeover http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanfrancisco/stories/2008/11/17/daily20.html?ana=from_rss In the latest dustup over possible plans by the national Service Employees International Union to take control of its United Healthcare Workers West local in Oakland, more than 240 California political and community leaders have asked SEIU and President Andy Stern to back off and make peace. Mon, 17 Nov 2008 22:12:31 GMT San Francisco Business Times Sterling latest bank looking for Treasury infusion http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/houston/stories/2008/11/17/daily14.html?ana=from_rss Sterling Bancshares Inc. has applied for an injection of funding from the U.S. Department of Treasury, the company said Monday. (SBIB) (MCBI) (EBTX) Mon, 17 Nov 2008 22:12:15 GMT Houston Business Journal GoFish reports $3.2M loss in Q3 http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanfrancisco/stories/2008/11/17/daily19.html?ana=from_rss GoFish Corp. lost $3.2 million in the September quarter, compared with a loss of $3.8 million a year earlier. Mon, 17 Nov 2008 22:00:51 GMT San Francisco Business Times Mark Cuban charged with insider trading http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sacramento/stories/2008/11/17/daily13.html?ana=from_rss The Securities and Exchange Commission has sued Dallas Mavericks owner Mark Cuban over alleged insider trading, according to a complaint filed in federal district court in Dallas. Mon, 17 Nov 2008 21:56:22 GMT Sacramento Business Journal FP&L seeks fuel charge reduction http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/southflorida/stories/2008/11/17/daily11.html?ana=from_rss Lower fuel charges could mean the average Florida Power & Light residential customer would see a slightly lower bill in 2009, but a hike in rates in 2010 could be on the way. (FPL) Mon, 17 Nov 2008 21:54:42 GMT South Florida Business Journal State Auto buying Rockhill Insurance http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/columbus/stories/2008/11/17/daily8.html?ana=from_rss State Automobile Mutual Insurance Co. on Monday said it is in line to buy a Kansas City, Mo.-based specialty insurer. (STFC) Mon, 17 Nov 2008 21:54:32 GMT Business First of Columbus BBVA Compass completes LNB conversion, appoints new CEO http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanantonio/stories/2008/11/17/daily5.html?ana=from_rss The BBVA Group has successfully completed its conversion of LNB (formerly Laredo National Bank) into Compass Bank and has appointed a new president and CEO over the unified bank system. (BBV) Mon, 17 Nov 2008 21:38:44 GMT San Antonio Business Journal Chase Paymentech tracks online holiday spending http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/dallas/stories/2008/11/17/daily10.html?ana=from_rss Chase Paymentech, a payment processor of Internet transactions, launched its 2008 Cyber Holiday Pulse Index on Monday. Mon, 17 Nov 2008 21:25:57 GMT Dallas Business Journal Spansion seeks to block iPod, Blackberry imports http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanjose/stories/2008/11/17/daily12.html?ana=from_rss Spansion Inc. filed a lawsuit on Monday against Samsung Electronics Co. that seeks to block U.S. imports of a number of products that use flash memory including iPods, iPhones and BlackBerrys. (AAPL) (RIMM) Mon, 17 Nov 2008 21:19:53 GMT Silicon Valley / San Jose Business Journal Jamba swings to $12.4M loss in Q3 http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanfrancisco/stories/2008/11/17/daily16.html?ana=from_rss Jamba Inc. lost $12.4 million in the quarter ended Oct. 7. A year earlier in the same quarter — its third — Jamba pulled in a profit of $22.4 million. (JMBA) Mon, 17 Nov 2008 21:11:57 GMT San Francisco Business Times AZ attorney Dennis Burke could get Obama nod http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/phoenix/stories/2008/11/17/daily12.html?ana=from_rss Phoenix attorney Dennis Burke could be president-elect Barack Obama’s pick as U.S. Attorney for Arizona. Mon, 17 Nov 2008 21:11:30 GMT Phoenix Business Journal Federal Trust, Hartford to merge http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/orlando/stories/2008/11/17/daily11.html?ana=from_rss Federal Trust Corp. announced Nov. 14 that it is merging with The Hartford Financial Services Group Inc. (HIG) Mon, 17 Nov 2008 21:10:08 GMT Orlando Business Journal Putnam cuts fund managers http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/boston/stories/2008/11/17/daily14.html?ana=from_rss Putnam Investments cut 12 money managers from its ranks and will shed more jobs as it merges several mutual funds amid an exodus of retail client assets, according to published reports. Mon, 17 Nov 2008 21:08:47 GMT Boston Business Journal Ohio fair renews contract with Triangle http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/louisville/stories/2008/11/17/daily11.html?ana=from_rss Triangle Talent Inc. has signed a new, four-year contract with the Ohio State Fair to produce entertainment for the fair. Mon, 17 Nov 2008 20:57:18 GMT Business First of Louisville ServiceMaster revenues up slightly in 3Q http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/memphis/stories/2008/11/17/daily5.html?ana=from_rss The ServiceMaster Co. reported third quarter revenues of $948.1 million, a 0.6 percent increase from $942.8 million a year ago. Mon, 17 Nov 2008 20:38:34 GMT Memphis Business Journal University of California employees seek greater voice in their pension plan http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/losangeles/stories/2008/11/17/daily5.html?ana=from_rss Several employees and their unions plan to make their case at this week’s UC Regents meeting in San Francisco, seeking greater participation in managing their pension plan. Mon, 17 Nov 2008 20:35:58 GMT Los Angeles Business from bizjournals BancorpSouth says no thanks to federal bailout package http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/birmingham/stories/2008/11/17/daily9.html?ana=from_rss BancorpSouth Inc., which posted $28.3 million in profits in the fourth quarter, said it doesn’t need a boost from the government. (BXS) Mon, 17 Nov 2008 20:35:12 GMT Birmingham Business Journal TrustAtlantic to move HQ to Crabtree building http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/triangle/stories/2008/11/17/daily10.html?ana=from_rss The old Time and Temperature building across the street from Raleigh’s Crabtree Valley Mall, is getting a new lead tenant: TrustAtlantic Bank. Mon, 17 Nov 2008 19:59:01 GMT Triangle Business Journal Campus Management buys unit of nGenera http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/austin/stories/2008/11/17/daily10.html?ana=from_rss A Florida company has acquired the Talisma CRM business from Austin-based software maker nGenera Corp. Mon, 17 Nov 2008 19:58:45 GMT Austin Business Journal University of California employees seek greater voice in their pension plan http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanfrancisco/stories/2008/11/17/daily15.html?ana=from_rss Several employees and their unions plan to make their case at this week’s UC Regents meeting in San Francisco, seeking greater participation in managing their pension plan. Mon, 17 Nov 2008 19:57:26 GMT San Francisco Business Times Mark Cuban charged with insider trading http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/triad/stories/2008/11/17/daily11.html?ana=from_rss The Securities and Exchange Commission has sued Dallas Mavericks owner Mark Cuban over alleged insider trading, according to a complaint filed in federal district court in Dallas. Mon, 17 Nov 2008 19:49:44 GMT The Business Journal of the Greater Triad Area Sherborne Investors buys more Nautilus stock http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/portland/stories/2008/11/17/daily14.html?ana=from_rss The investment group that won control of Nautilus Inc. after a contentious proxy fight nearly a year ago has increased its share in the fitness equipment manufacturer. Mon, 17 Nov 2008 19:47:34 GMT Portland Business Journal River Road buys Fortis' stake in firm http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/louisville/stories/2008/11/17/daily7.html?ana=from_rss River Road Asset Management LLC, an investment management firm with nearly $3 billion in assets under management, has bought out a minority interest owned by beleaguered Fortis Bank S.A./N.V. for $45 million. Mon, 17 Nov 2008 19:44:21 GMT Business First of Louisville RadiSys buys $37.5 million of debt http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/portland/stories/2008/11/17/daily13.html?ana=from_rss Embedded computer maker RadiSys Corp. has purchased convertible notes worth $37.5 million that the company issued five years ago. (RSYS) (ESIO) Mon, 17 Nov 2008 19:40:30 GMT Portland Business Journal Piedmont Natural Gas joins Council for Responsible Energy http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/charlotte/stories/2008/11/17/daily6.html?ana=from_rss Piedmont Natural Gas Co. Inc. has joined the Council for Responsible Energy, a national coalition that promotes the use of natural gas. (PNY) Mon, 17 Nov 2008 19:27:11 GMT Charlotte Business Journal Codexis to pay $10M in license deal http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanjose/stories/2008/11/17/daily9.html?ana=from_rss Clean technology company Codexis Inc. will pay $10 million to Dyadic International Inc. in a license agreement, the companies said Monday. Mon, 17 Nov 2008 19:03:47 GMT Silicon Valley / San Jose Business Journal Some banks still weighing fed program http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/buffalo/stories/2008/11/17/daily11.html?ana=from_rss Several banks with a Western New York presence are seeking or have already secured capital from the U.S. Treasury Department’s Capital Purchase plan. Mon, 17 Nov 2008 18:59:52 GMT Business First of Buffalo Compass CEO Hegel to retire http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/birmingham/stories/2008/11/17/daily4.html?ana=from_rss Compass Bank CEO Gary Hegel, who guided the conversion of BBVA Group’s three other banks under the same platform, plans to retire after serving a short stint as the top executive at the Birmingham bank. Mon, 17 Nov 2008 18:55:24 GMT Birmingham Business Journal Mark Cuban charged with insider trading http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/atlanta/stories/2008/11/17/daily13.html?ana=from_rss The <a href="http://dallas.bizjournals.com/dallas/gen/Securities_and%20Exchange%20Commission_1A92671949CA499FB2FEB00067C80641.html"><strong>Securities and Exchange Commission</strong></a> has sued <a href="http://dallas.bizjournals.com/dallas/gen/Dallas_Mavericks_C03D6D96726040CC81D223E7734ED5CA.html"><strong>Dallas Mavericks</strong></a> owner Mark Cuban over alleged insider trading, according to a complaint filed in federal district court in Dallas. Mon, 17 Nov 2008 18:52:37 GMT Atlanta Business Chronicle Credit union to open in Burlington http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/triad/stories/2008/11/17/daily9.html?ana=from_rss Proponent Federal Credit Union will break ground in December on a new office in Burlington, the organization has announced. Mon, 17 Nov 2008 18:43:00 GMT The Business Journal of the Greater Triad Area Mark Cuban charged with insider trading http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/pittsburgh/stories/2008/11/17/daily8.html?ana=from_rss Dallas Mavericks owner Mark Cuban was charged today with insider trading by the Securities and Exchange Commission. Mon, 17 Nov 2008 18:42:42 GMT Pittsburgh Business Times Citigroup axing 53,000 more jobs http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/phoenix/stories/2008/11/17/daily8.html?ana=from_rss Citigroup Inc. said Monday it will eliminate approximately 53,000 more jobs in the near future as part of its wide cost-cutting efforts. (C) Mon, 17 Nov 2008 18:26:14 GMT Phoenix Business Journal Intel, Facebook launch mass animation project http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/austin/stories/2008/11/17/daily5.html?ana=from_rss Intel Corp. on Monday launched Mass Animation, a collaborative, worldwide effort to produce a computer-generated animated short film for theatrical release. Mon, 17 Nov 2008 18:19:44 GMT Austin Business Journal Citi cutting 53,000 more jobs http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/austin/stories/2008/11/17/daily4.html?ana=from_rss Citigroup Inc. says it will cut about 53,000 more jobs during the next several months. (C) Mon, 17 Nov 2008 18:18:14 GMT Austin Business Journal St. Philip’s nursing program gets grant support http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanantonio/stories/2008/11/17/daily3.html?ana=from_rss St. Philip’s College will soon be able to increase the amount of financial support to qualified nursing students enrolled in its program. Mon, 17 Nov 2008 18:12:20 GMT San Antonio Business Journal Citi axing 53,000 more jobs http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/losangeles/stories/2008/11/17/daily3.html?ana=from_rss Citigroup Inc. said Monday it will eliminate approximately 53,000 more jobs in the near future as part of its wide cost-cutting efforts. (C) Mon, 17 Nov 2008 18:09:49 GMT Los Angeles Business from bizjournals BofA increases China stake http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/losangeles/stories/2008/11/17/daily2.html?ana=from_rss Bank of America Corp. plans to exercise an option to purchase additional shares in China Construction Bank, giving it a 19.1 percent stake in the company. (BAC) Mon, 17 Nov 2008 18:09:43 GMT Los Angeles Business from bizjournals Feds issue Capital South a cease-and-desist order http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/jacksonville/stories/2008/11/17/daily5.html?ana=from_rss Bank regulators issued a cease-and-desist order on CapitalSouth Bancorp and its bank, CapitalSouth Bank, that went into effect Nov. 7. (CAPB) Mon, 17 Nov 2008 18:04:56 GMT Jacksonville Business Journal Citi axing 53,000 more jobs http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/houston/stories/2008/11/17/daily4.html?ana=from_rss Citigroup Inc. said on its Web site that it will cut about 53,000 more jobs in the near future. (C) Mon, 17 Nov 2008 17:57:15 GMT Houston Business Journal Provident Bankshares gets $151M from Treasury’s TARP fund http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/baltimore/stories/2008/11/17/daily2.html?ana=from_rss Provident Bankshares Corp. has received a $151 million investment from the U.S. Treasury Department under the federal bank stock purchase program. (PBKS) Mon, 17 Nov 2008 17:36:48 GMT Baltimore Business Journal Cap on property reassessments introduced in Georgia House http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/atlanta/stories/2008/11/17/daily10.html?ana=from_rss Annual residential property assessment increases in Georgia would be capped at 3 percent or the rate of inflation, whichever is less, under legislation pre-filed in the Georgia House of Representatives Monday. Mon, 17 Nov 2008 17:31:21 GMT Atlanta Business Chronicle Stocks fall in last hour of trading http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/pittsburgh/stories/2008/11/17/daily6.html?ana=from_rss The Dow fell sharply in the last hour of trading, ending down 223.73 points, or 2.63 percent, to close at 8,273.58. Nasdaq finished trading at 1,482.05, down 34.85 points, or 2.29 percent. (AA) (AYE) (ATI) (AEO) (CNX) (DKS) (FII) (HNZ) (KOP) (NCC) (NCX) (PNC) (PPG) (X) (WCC) Mon, 17 Nov 2008 17:18:05 GMT Pittsburgh Business Times InterBank agrees on sale to Genworth http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/twincities/stories/2008/11/17/daily3.html?ana=from_rss InterBank has agreed to be sold to insurer Genworth Financial Inc. for an undisclosed amount. (GNW) Mon, 17 Nov 2008 17:14:12 GMT Minneapolis / St. Paul Business Journal U.S. Postal Service prices on rise http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/portland/stories/2008/11/17/daily6.html?ana=from_rss The U.S. Postal Service has announced that its shipping service rates will increase Jan. 18. Mon, 17 Nov 2008 17:13:38 GMT Portland Business Journal Stocks slump again with economy, earnings http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/cincinnati/stories/2008/11/17/daily9.html?ana=from_rss Local stocks fell Monday while the broader market stumbled even further as stocks continue to face an uphill climb. (AKS) (LYTS) (M) (CVG) (SNI) (FITB) (KR) (PG) (CQB) (NBTF) Mon, 17 Nov 2008 17:01:50 GMT Business Courier of Cincinnati Citi axing 53,000 more jobs http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/louisville/stories/2008/11/17/daily4.html?ana=from_rss Citigroup Inc. said Monday it will eliminate approximately 53,000 more jobs in the near future as part of its wide cost-cutting efforts. (C) Mon, 17 Nov 2008 16:57:27 GMT Business First of Louisville Mark Cuban charged with insider trading http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/dallas/stories/2008/11/17/daily3.html?ana=from_rss The Securities and Exchange Commission has sued Dallas Mavericks owner Mark Cuban over alleged insider trading, according to a complaint filed in federal district court in Dallas. Mon, 17 Nov 2008 16:53:23 GMT Dallas Business Journal Kan-ed to launch new network http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/wichita/stories/2008/11/17/daily3.html?ana=from_rss A statewide information network is planned to launch a new network at the start of the new year. Mon, 17 Nov 2008 16:41:48 GMT Wichita Business Journal Weak international sales hit Prolink revenue http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/phoenix/stories/2008/11/17/daily1.html?ana=from_rss A drop in international sales drove down GPS golf course provider Prolink Holdings Corp.’s sales to $5.69 million for the third quarter, compared with $6.59 million a year ago. Mon, 17 Nov 2008 16:35:17 GMT Phoenix Business Journal FHLB Boston’s unrealized MBS losses hit $1.3B http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/boston/stories/2008/11/17/daily6.html?ana=from_rss The Federal Home Loan Bank of Boston, which advances billions of dollars to New England Banks, said unrealized losses on its private mortgage-backed securities climbed to $1.3 billion in the third quarter. Mon, 17 Nov 2008 16:35:02 GMT Boston Business Journal Lincoln National seeks charter change, federal funds http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/philadelphia/stories/2008/11/17/daily5.html?ana=from_rss Financial services giant Lincoln National Corp. said Monday that it has agreed to buy Newton County Loan & Savings, and has applied to become a savings-and-loan holding company. (LNC) Mon, 17 Nov 2008 16:33:37 GMT Philadelphia Business Journal Intel, Facebook launch mass animation project http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sacramento/stories/2008/11/17/daily5.html?ana=from_rss Intel Corp. on Monday launched Mass Animation, a collaborative, worldwide effort to produce a computer-generated animated short film for theatrical release. Mon, 17 Nov 2008 16:32:33 GMT Sacramento Business Journal Endo in auction-rate securities settlement http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/philadelphia/stories/2008/11/17/daily4.html?ana=from_rss Endo Pharmaceuticals on Monday accepted UBS AG’s settlement offer relating to auction rate securities bought by Endo from affiliates of UBS. (ENDP) Mon, 17 Nov 2008 16:29:40 GMT Philadelphia Business Journal Etrials' new CEO gets $325K salary http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/triangle/stories/2008/11/17/daily4.html?ana=from_rss The new CEO at medical software company Etrials will make $325,000 a year in base salary, the same as his predecessor. Mon, 17 Nov 2008 16:25:50 GMT Triangle Business Journal BofA increases China stake http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/tampabay/stories/2008/11/17/daily9.html?ana=from_rss Bank of America Corp. plans to exercise an option to purchase additional shares in China Construction Bank, giving it a 19.1 percent stake in the company. (BAC) Mon, 17 Nov 2008 16:24:53 GMT Tampa Bay Business Journal NCCI requests 18.6% rate hike http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/tampabay/stories/2008/11/17/daily8.html?ana=from_rss The National Council on Compensation Insurance, as promised, has proposed a significant rate increase in Florida’s workers’ compensation rates, the result of a recent state Supreme Court ruling. Mon, 17 Nov 2008 16:20:31 GMT Tampa Bay Business Journal Citi cutting 53,000 more jobs http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/baltimore/stories/2008/11/17/daily1.html?ana=from_rss Citigroup Inc. said Monday it will cut about 53,000 more jobs during the next several months. (C) Mon, 17 Nov 2008 16:18:43 GMT Baltimore Business Journal Online resource for nonprofits launched http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/austin/stories/2008/11/17/daily3.html?ana=from_rss The National Council of Nonprofits has set up a Nonprofit Economic Vitality Center to track the effects of the downturn on nonprofits. Mon, 17 Nov 2008 16:18:24 GMT Austin Business Journal Clear Channel Radio inks deal with Volvo http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanantonio/stories/2008/11/17/daily1.html?ana=from_rss Volvo Cars of Canada Corp