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 St. Albans postmaster DeWitt indicted for embezzlement
The former postmaster of the U.S. Post Office in St. Albans, Mo., was indicted on federal charges of embezzling $15,000 from that post office, U.S. Catherine Hanaway said Thursday.
Aptus Endosystems raises $30M
Aptus Endosystems Inc. said Thursday that it closed a $30 million Series C round of financing.
Pacific Continental raises capital
Pacific Continental Corp., the parent company of Pacific Continental Bank, has announced a private placement of 750,000 shares of common stock at $13.50 per share. (PCBK)
U.S. Global to discuss infrastructure investment opportunities
U.S. Global Investors Inc. will host a Webcast later this month to discuss equity opportunities arising from President-elect Barack Obama’s plans for domestic infrastructure development.
State Fund names VP of government affairs
California State Compensation Insurance Fund has named an Elk Grove man as its vice president of government affairs.
Report: Venture capital for IPOs runs dry
Initial public offerings by companies backed by venture capitalists hit their lowest point in three decades, according to a new report by Thomson Reuters and the National Venture Capital Association.
Dow bobs about, Arizona stocks fare better
The Dow Jones Industrial Average bounced around Thursday before ending the day down 27 points at 8742. The drop follows Wednesday’s decline of 245 points. (FCX)
Sunshine Mortgage shuts down, looks to sell
Sunshine Mortgage Corp., one of Atlanta’s oldest mortgage companies and one of the biggest remaining in the Southeast, is closing its doors and scrambling to find a last minute buyer, Atlanta Business Chronicle has learned.
Andersen Corp. announces layoffs
Andersen Corp. will lay off hundreds of workers "due to current market conditions," the company announced Thursday.
Credit unions joining GM. Chrysler program
Wisconsin credit unions have joined a program called “Invest in America,” in which General Motors and Chrysler LLC are pointing to credit unions to make as much as $80 billion available for low-cost loans on new cars.
Nixon names former A-B security head Britt public safety director
Gov.-elect Jay Nixon named former Anheuser-Busch security director and Secret Service agent John Britt director of the Missouri Department of Public Safety.
Related Group sells 101 units for $27M
In its second major bulk sale of 2008, the Related Group sold 101 condos in its 457-unit New Harbour House in Bal Harbor for $27 million.
Denver's Bonham Group shuts doors
The Bonham Group, a Denver-based — but nationally and internationally known — sports marketing company has closed its doors, effective Tuesday, Jan. 6.
Royal Palm Hotel investors file Chapter 11
A fight over who controls the ownership and management interests of Miami Beach’s Royal Palm Hotel has landed in bankruptcy court.
Business leaders briefed on terror threat
Security officials briefed more than 300 business leaders Thursday morning on how to operate during inauguration weekend and what they can do to prevent and react to terrorism threats.
Schnitzer Steel loses $34M in Q1
Schnitzer Steel Industries Inc. reported a first-quarter loss of $34 million on the heels of continued weak demand and low steel prices. (SCHN)
TGF, Austin Ventures buy Sterling Foods
Sterling Foods Ltd. in San Antonio has been acquired by Austin-based TGF Management Corp. and Austin Ventures. Financial terms of the deal, which closed Dec. 30, were not disclosed.
NewStar to buy Florida bank
NewStar Financial Inc. (Nasdaq: NEWS) said Thursday it has agreed to buy a small, money-losing bank in Florida for about $19 million as it recasts its business model to become a bank holding company.
State Fund names VP of government affairs
California State Compensation Insurance Fund has named an Elk Grove man as its vice president of government affairs.
Sterling Foods bought by Austin investment firms
Sterling Foods Ltd. in San Antonio has been acquired by Austin-based TGF Management Corp. and Austin Ventures. Financial terms of the deal, which closed on Dec. 30, 2008, were not disclosed.
Purchasing managers say Northwest is in a recession
The optimism of purchasing managers in the Pacific Northwest fell again in December, with the results of a survey indicating the area is definitely in a recession.
Commercial Vehicle gets new credit facility
Commercial Vehicle Group Inc. told investors Thursday it signed on for a new credit facility that should free the struggling truck parts manufacturer from heavier restrictions under a previous agreement. (BAC) (CVGI)
Fundraising retreats in 4Q for private equity firms
Private equity fundraising slowed to a virtual standstill in the fourth quarter of 2008, according to analysis released Thursday by Dow Jones Private Equity Analyst.
Wells Fargo taps two Wachovia execs
Wells Fargo & Co. has named two former Wachovia Corp. executives to lead its investment-banking and capital-markets group. (WFC)
Fundraising retreats in Q4 for private equity firms
Private equity fundraising slowed to a virtual standstill in the fourth quarter of 2008, according to analysis released Thursday by Dow Jones Private Equity Analyst.
Carrollton Bancorp selling stock for $9M in TARP funding
Carrollton Bancorp has received preliminary approval from the U.S. Treasury Department to sell stock to the government in exchange for $9.2 million in funding. (CRRB)
Lee seated on House financial panel
Freshman Congressman Christopher Lee has been appointed to the House Financial Services Committee, which his office says will give Western New York a voice in the nation’s economic recovery.
New energy group looks to promote job creation
Local labor unions, community and farm organizers, and environmental groups announced today the creation of a Kansas chapter of the Blue Green Alliance.
Obama taps Harvard's Sunstein
President-elect Barack Obama is reportedly planning to nominate Harvard University law professor Cass Sunstein as the head of the Office of Information and Regulatory Affairs, according to published news report Thursday.
Phila.-area investment manager charged in $50M Ponzi scheme
The Securities and Exchange Commission has charged a Philadelphia-area investment fund manager and his firm with conducting a multimillion-dollar Ponzi scheme, and has obtained an emergency court order freezing their assets.
Florida workers? comp system rated healthy
The Florida Office of Insurance Regulation released a review of the state’s workers’ compensation insurance and found the system in good shape.
Museum Center to feature inauguration on big screen
The Cincinnati Museum Center will host a free community viewing of the presidential inauguration on Jan. 20, beginning at 10 a.m.
PokerTek sells $3.9M in securities
PokerTek Inc. has sold $3.9 million in auction-rate securities to UBS Financial Services Inc. (PTEK)
Regions shuffles executives
Regions Financial Corp. (NYSE: RF) has announced several position changes, including the promotion of Bill Ritter to senior executive vice president and president of the central region. (RF)
D'Youville sets path to pharmacy school
Students interested in attending the pending School of Pharmacy program at D’Youville College can now apply to the college’s pre-pharmacy program and, if admitted and able to meet academic standards, be assured of acceptance to the proposed professional school.
Wells taps two Wachovia execs
Wells Fargo & Co. has named two former Wachovia Corp. executives to lead its investment-banking and capital-markets group. (WFC)
FHLB CEO to retire
The top executive of the Federal Home Loan Bank of Boston, which has advanced billions of dollars to New England lenders, plans to retire at the end of April as the bank works to rebuild its capital amid some bad bets on mortgage-backed securities.
Wells Fargo taps two Wachovia execs
Wells Fargo & Co. has named two former Wachovia Corp. executives to lead its investment-banking and capital-markets group. (WFC)
Economic woes to persist in 2009
If you can take a pill that will let you sleep through the rest of 2009, you’ll be a lot happier than if you slog through the next 12 months.
Business leaders briefed on terror threat
Security officials briefed more than 300 business leaders Thursday morning on how to operate during inauguration weekend and what they can do to prevent and react to terrorism threats.
Former Wurld exec sentenced
Former Wurld Media Inc. executive Richard Saxton was sentenced today to six months in jail and five year’s probation following his conviction in the collapse of the Saratoga Springs Internet startup company.
Private equity fundraising stalls in Q4
Private equity fundraising slowed to a virtual standstill in the fourth quarter of 2008, according to analysis released Thursday by Dow Jones Private Equity Analyst.
Wells taps two Wachovia execs
Wells Fargo & Co. has named two former Wachovia Corp. executives to lead its investment-banking and capital-markets group. (WFC)
Report: Pittsburgh health care startups attracted $150M in new investments in 2008
Health care startups in the midwest attracted nearly $1.1 billion in new investments last year, down slightly from more than $1.2 billion in 2007, according to a report issued Thursday by BioEnterprise and the Mid-America Healthcare Investors Network.
J.C. Penney Co.?s comp sales fall 8.1%
Retailer J.C. Penney Co. finished the five-week period ending Jan. 3 with comparable-store sales down 8.1% compared to the same period last year. (JCP)
Wells taps two Wachovia execs
Wells Fargo & Co. has named two former Wachovia Corp. executives to lead its investment-banking and capital-markets group. (WFC)
Wells taps two Wachovia execs
Wells Fargo & Co. has named two former Wachovia Corp. executives to lead its investment-banking and capital-markets group. (WFC)
Fundraising retreats in Q4 for private equity firms
Private equity fundraising slowed to a virtual standstill in the fourth quarter of 2008, according to analysis released Thursday by Dow Jones Private Equity Analyst.
Fundraising retreats in Q4 for private equity firms
Private equity fundraising slowed to a virtual standstill in the fourth quarter of 2008, according to analysis released Thursday by Dow Jones Private Equity Analyst.
Economic woes to persist in 2009
If you can take a pill that will let you sleep through the rest of 2009, you’ll be a lot happier than if you slog through the next 12 months.
Workers? comp program rated healthy
The Florida Office of Insurance Regulation released a review of the state’s workers’ compensation insurance and found the system in good shape.
Park replaces president and CEO
Park Community Federal Credit Union has a new top executive. Park executives announced Thursday that David Eib is the credit union’s new CEO and president.Eib, a 20-year Park employee and 35-year credit union executive, had been the credit union’s executive vice president.
Southern Commerce Bank to get new owner
NewStar Financial Inc. said it has a deal to buy Southern Commerce Bank for about $19 million. It would be the <a href="http://tampabay.bizjournals.com/tampabay/stories/2006/04/10/daily34.html" target="_blank">second ownership change</a> in less than three years for Southern Commerce, a Tampa bank with $206 million in assets. (NEWS) (WMT) (C) (JPM)
Fundraising retreats in Q4 for private equity firms
Private equity fundraising slowed to a virtual standstill in the fourth quarter of 2008, according to analysis released Thursday by Dow Jones Private Equity Analyst.
J.C. Penney Co.?s comp sales fall 8.1%
Retailer J.C. Penney Co. finished the five-week period ending Jan. 3 with comparable-store sales down 8.1% compared to the same period last year. (JCP)
Glebov new OptiGrate president, CEO
OptiGrate Corp. has named Dr. Alexei Glebov as the company’s new president and CEO.
BJ's reports December sales gain
BJ’s Wholesale Club Inc.’s total December sales increased 3.2 percent despite the negative impact from severe snow and ice storms in the Northeast and low gas sales, the company said Thursday. (BJ)
N.C. gets new Medicare claims processor
The Centers for Medicare & Medicaid Services has selected the final five contractors to process and pay Medicare claims for health services in 14 states, including North Carolina.
Haverty Furniture sales plummet in 2008
Weak demand and the recession led to big sales declines for Haverty Furniture Companies Inc. in 2008. (HVT)
Mid-America Angels fly lower in 2008
The Mid-America Angels invested in more startups but for less money than expected in 2008.
Workers? comp program rated healthy
The Florida Office of Insurance Regulation released a review of the state’s workers’ compensation insurance and found the system in good shape.
InFocus adopts poison pill
InFocus Corp. has adopted a new shareholder rights plan designed to prevent a hostile takeover of the company. (INFS)
Broussard pleads guilty to fraud
A St. Louis man pleaded guilty to mail fraud charges in connection with a mortgage fraud scheme, U.S. Attorney Catherine Hanaway said Wednesday.
$8.5 trillion bailout tally exceeds costs of all U.S. wars
Money spent on recent industry bailouts and liquidity infusions totals more than the cost of every U.S. war in current dollars.
ShopNBC cuts 60 jobs, mostly in MN
ValueVision Media Inc. on Wednesday cut 60 jobs, or 11 percent of its workforce, in an effort to reduce costs.
Economic woes to persist in 2009
If you can take a pill that will let you sleep through the rest of 2009, you’ll be a lot happier than if you slog through the next 12 months.
Travel commission looks East for China marketing
The California Travel and Tourism Commission has hired East Communications Inc. to represent the commission in the People’s Republic of China.
Inspire Pharmaceuticals move shifts Restasis sales efforts to Allergan
Inspire Pharmaceuticals has stopped co-promoting one of its drugs, it has told federal securities regulators – a move that will allow the Durham company to shift resources to other products. (AGN)
LANL awards $250,000 to four companies
Los Alamos National Laboratory has approved $250,000 in new funding for four companies from its Venture Acceleration Fund.
Southwest General Hospital names new CEO
Southwest General Hospital has appointed Sergio Farrell as its new CEO.
BofA sells China Construction shares for $2.8B
Bank of America Corp. raised $2.8 billion by selling 5.6 billion shares in China Construction Bank. (BAC)
McClatchy names Modesto Bee publisher
The McClatchy Co. has named Eric Johnston as president and publisher of The Modesto Bee.
Franklin Square Capital clears funding hurdle
Franklin Square Capital Partners, the private equity firm formed last year by lawyer Michael Forman and Campus Apartments CEO David Adelman, said that its first investment product has raised enough money to admit its initial investors as shareholders.
Harley-Davidson pushes trade-in guarantee
Harley-Davidson Inc. is using TV ads and online tools such as YouTube and Web site advertisements as it pushes its recently announced guarantee to provide full value on trade-ins of its Sportster motorcycles.
Enterprise Products prices $205M offering
Enterprise Products Partners LP has priced a public offering of 9.6 million common units in order to pay off debt. (EPD)
Fiserv Insurance to become StoneRiver
Fiserv Insurance Solutions, a Brookfield provider of technology and services for the insurance industry, said Wednesday that the company will change its name on March 2 to StoneRiver.
Judge dismisses class action against BankAtlantic
A federal judge has dismissed a class action securities complaint against BankAtlantic Bancorp and its executives, but attorneys for the plaintiff are promising they will be back in court. (BBX)
Gene Security Network raises $6M
In its second round of venture funding, Gene Security Network raised $6 million.
Local Hawaiian Telcom investors named
A list of more than 100 Hawaii investors who contributed to the buyout of Hawaiian Telcom in 2005 has been filed in U.S. Bankruptcy Court in Honolulu.
Value Financial parent stock falls 16%
President-elect Barack Obama’s plan to implement stricter regulations on payday lending companies caused shares of Ezcorp Inc. and its competitors to plunge Jan. 7.
Fund king: Bond manager on top locally
Wall Street’s meltdown aside, investors will remember 2008 as the year of the government bond.
Opening-day speech by House Speaker Carroll
While Colorado has fared better than other states during the economic crisis, lawmakers can’t take the state’s fortunes for granted, Rep. Terrance Carroll said Wednesday in his first address as the new speaker of the state's House of Representatives.
Florida?s education ranking climbs
Florida’s public schools are getting better, according to the magazine Education Week. The state’s education ranking jumped from 14th to 10th, and its overall grade moved up from a C-plus to a B-minus.
DeVry University adding CIS degree
DeVry University is now offering a bachelor’s degree program in computer information systems (CIS) at its San Antonio location. The school says the new degree was added in response to current and forecasted employment conditions for the IT industry in the United States.
Lafferres raise $5M for Mizzou engineering school
University of Missouri alumnus Thomas Lafferre and his wife, Nell, made a challenge donation that resulted in a $5 million estate gift to the Columbia, Mo., campus’s engineering college.
Ezcorp?s stock falls on Obama?s plans for regulation
President-elect Barack Obama’s plan to implement stricter regulations on payday lending companies caused shares of Ezcorp Inc. and its competitors to plunge on Tuesday. (CSH)
BofA sells China Construction shares for $2.8B
Bank of America Corp. has raised $2.8 billion by selling 5.6 billion shares in China Construction Bank. (BAC)
Hotel, convention center in the works for Jeffersonville
Jeffersonville is moving forward with plans to build a hotel and convention center complex that could represent a $100 million investment in the downtown district.
Kaplan takes stake in Vietnam school
The Washington Post Co., relying less on its faltering publishing business and more on its profitable education division, has acquired a stake in a Vietnamese English language school. (WPO)
Frontier?s 2008 passenger count up 2% despite year-end decline
Frontier Airlines says its passenger numbers in 2008 were up 2 percent from 2007, despite a dropoff late in the year.
Atherotech names new CEO, other executives
Cholesterol test manufacturer Atherotech Inc. has promoted three employees to executive positions, including naming a new CEO.
Report: Russian-Ukraine gas dispute hits Zoltek
The Hungarian subsidiary of carbon fiber maker Zoltek has reduced output by three-quarters Wednesday due to restrictions imposed on industrial natural gas consumers in the country, CEO Sándor Horváth told MTI newswire.
$8.5 trillion bailout tally exceeds costs of all U.S. wars
Money spent on recent industry bailouts and liquidity infusions totals more than the cost of every U.S. war in current dollars.
US Airways eyeing capacity cuts
US Airways Group Inc. told investors this week it ended 2008 in the red and plans to cut capacity this year. (LCC) (LUV)
Progress Energy to sell shares
Progress Energy will refinance some of its short-term debt by selling stock in a registered public offering. (PGN)
Dow plunges Wednesday; Alcoa, CONSOL post losses
Wall Street took a drubbing Wednesday as the Dow closed at 8,769.70, down 245.40 points or 2.72 percent. Nasdaq lost 53.32 points or 3.23 percent to finish trading at 1,599.06. (AA) (CNX) (AYE) (ATI) (AEO) (CNX) (DKS) (FII) (HNZ) (KOP) (NCX) (PNC) (PPG) (X) (WAB) (WCC)
New T. Rowe Price mutual fund eyes global investment
T. Rowe Price Group Inc. is launching a new mutual fund seeking reward amid the risks of global fixed-income investing. (TROW)
US Airways eyeing capacity cuts
US Airways Group Inc. told investors this week it ended 2008 in the red and plans to cut capacity this year. (LCC) (LUV)
Silver Stars center appointed by Bush to President?s Council
White House officials say President George W. Bush has appointed San Antonio Silver Stars center Ruth Riley to the President’s Council on Physical Fitness and Sports.
Bank of America sells China Construction shares for $2.8B
Bank of America Corp. has raised $2.8 billion by selling 5.6 billion shares in China Construction Bank. (BAC)
Intradigm closes final tranche of $21.4M round, names new CEO
Intradigm Corp., a developer of targeted, systemic RNA interference therapeutics, said Wednesday it closed the final tranche of its $21.4M second funding round and named a new CEO.
Cincinnati nonprofit plans housing for homeless in OTR
Over-the-Rhine Community Housing is moving forward with plans to build long-term, supportive housing for the chronically homeless.
BofA sells China Construction shares for $2.8B
Bank of America Corp. has raised $2.8 billion by selling 5.6 billion shares in China Construction Bank. (BAC)
Toreador to shop Turkish assets
Dallas oil exploration firm Toreador Resources Corp. says it will hire an investment bank to look at divesting its assets in Turkey, and it has a preliminary deal to sell its assets in Romania. (TRGL)
Atlantic Dev. sells Lowe?s Marketplace
Atlantic Development sold the newly built, 177,448-square-foot Lowe’s Marketplace to a private investment group for $8.9 million.
BofA CEO recommends top brass get no bonuses
Bank of America CEO Ken Lewis said in a memo to employees Tuesday that he’s recommending the board not award 2008 bonuses to himself and other senior executives. (BAC)
BofA sells China Construction shares for $2.8B
Bank of America Corp. has raised $2.8 billion by selling 5.6 billion shares in China Construction Bank. (BAC)
BofA CEO recommends top brass get no bonuses
Bank of America CEO Ken Lewis said in a memo to employees Tuesday that he’s recommending the board not award 2008 bonuses to himself and other senior executives.
MBP buys FAI Construction
McDonough Bolyard Peck Inc. bought FAI Construction Consultants.
DiNapoli: NY?s future tied to Wall St.
State Comptroller Thomas DiNapoli dismisses concerns that Wall Street will never be the same whenever the unrelenting shake-up on the markets comes to an end.
Premier Exhibitions posts 3Q loss on falling attendance
Premier Exhibitions Inc., mired in a shareholder fight for control of the company, saw its revenues dive 20 percent in the third quarter as attendance to many of its shows faltered, according to earnings reported late Tuesday.
Mechanics Bank touts strength as it accepts Treasury investment
Mechanics Bank said late Tuesday that it will take $60 million through the Treasury’s direct-investment program in which the government takes stakes in the nation’s healthy banks.
BofA CEO recommends top brass get no bonuses
Bank of America CEO Ken Lewis said in a memo to employees Tuesday that he’s recommending the board not award 2008 bonuses to himself and other senior executives.
Texans CU president resigns
The president and chief executive officer of Texans Credit Union has resigned, effective Jan. 31, as the nonprofit organization struggles with bad business loans and the same economic forces that have hurt large banks in recent months.
Artisan fund managers win Morningstar honor
Artisan Partners of Milwaukee said Tuesday that portfolio co-managers David Samra and Daniel O’Keefe have been named Morningstar's International-Stock Fund Manager of the Year for 2008 for their management of the Artisan International Value Fund.
Maierhofer joins McCarthy Capital
Scott Maierhofer, formerly co-president of Green Manning & Bunch, has joined McCarthy Capital as a partner, the company said Tuesday. (COBZ)
BofA CEO recommends top brass get no bonuses
Bank of America CEO Ken Lewis said in a memo to employees Tuesday that he’s recommending the board not award 2008 bonuses to himself and other senior executives.
InFocus investor snaps up shares
An investor who’s been accumulating shares of InFocus Corp. has just added to his holdings. (INFS)
Wells Fargo buys loans and leases from GE
Wells Fargo & Co. said late Monday that it purchased about $730 million in loans and leases from General Electric. (GE) (WFC)
BofA CEO recommends top brass get no bonuses
Bank of America CEO Ken Lewis said in a memo to employees Tuesday that he’s recommending the board not award 2008 bonuses to himself and other senior executives. (BAC)
Bederra OKs stock split
The board of Bederra Corp. has approved a reverse split of its common stock.
Wells Fargo buys $730M in loans, leases from GE
Wells Fargo & Co. has purchased $730 million in loans and leases from General Electric Co. (WFC) (GE)
DiNapoli: NY?s future tied to Wall St.
State Comptroller Thomas DiNapoli dismisses concerns that Wall Street will never be the same whenever the unrelenting shake-up on the markets comes to an end.
Procter & Gamble products to be spotlighted in Web series
Procter & Gamble Co. will integrate several products into a Web series that will run online in February and during the NCAA men’s basketball tournament in March, according to <em>Brandweek</em> . (PG)
Stock Yards won?t participate in TARP
S.Y. Bancorp Inc., parent company of Stock Yards Bank & Trust Co., will not participate in the U.S. Treasury Department’s Capital Purchase Program. (SYBT)
Transwestern adds nearly 900,000 s.f. to management portfolio
The Austin office of commercial real estate firm Transwestern has taken on nearly 900,000 square feet of new property management assignments.
Procter & Gamble products to be spotlighted in Web series
Procter & Gamble Co. will integrate several products into a Web series that will run online in February and during the NCAA men’s basketball tournament in March, according to <em>Brandweek</em> . (PG)
Bank of Oak Ridge capital plan approved
Oak Ridge Financial Services has received preliminary approval to sell $7.7 million worth of preferred stock and warrants to the U.S. government under the Capital Purchase Plan. (BKOR)
Widgetmaker Clearspring makes cuts
Clearspring Technologies Inc. is the latest local tech company to reveal it has reduced its headcount.
Wells Fargo buys loans and leases from GE
Wells Fargo said late Monday it bought about $730 million in loans and leases from General Electric. (GE) (WFC)
Council Ventures names new partner
Investor Grant Jackson has been named a general partner at Council Ventures, a Nashville venture firm focused on the convergence of health care and financial services.
Panelists: Alabama's economy to weather storm
With a rough 2008 behind us, many will be relieved to know that the “worst of the worst” is over and Alabama’s economy is prepared to ride out the storm, a panel of experts said Tuesday morning.
Fidelity hires ex-Evergreen CEO
Fidelity Investments said it hired Peter Cieszko, former CEO of Evergreen Investments, as president of its institutional services operations, which manage $272 billion in assets.
Dow Chemical taking legal action in failed Kuwaiti venture
Dow Chemical said Tuesday that it will take legal action in hopes of forcing the Petrochemical Industries Co. of Kuwait to go through with a joint venture with Dow. (DOW) (ROH)
Report: Economic recovery a year away
Florida lost more than 150,000 jobs in the past 12 months and it’s only the beginning, said a report by Attorneys’ Title Insurance Fund.
HUD grant to support SAHA jobs program
The San Antonio Housing Authority (SAHA) has received a $97,853 grant from the U.S. Housing and Urban Development for its Housing Choice Voucher Family Self-Sufficiency Program.
Elliott takes new role with Bowling Green chamber
R. Marc Elliott, former executive director of the River Ridge Commerce Center in Clark County, has been named vice president for property development and public policy for the Bowling Green Area Chamber of Commerce.
Wells Fargo buys loans and leases from GE
Wells Fargo late Monday said it purchased about $730 million in loans and leases from General Electric. (GE) (WFC)
Wells Fargo buys loans and leases from GE
Wells Fargo said late Monday it bought about $730 million in loans and leases from General Electric. (GE) (WFC)
DiFusion Technologies takes aim at surgical infections
DiFusion Technologies Inc., a start-up medical device company, is gearing up to launch a flagship product that will target the orthopaedic market at the same time it's raising additional capital.
York negotiates 2 deals worth $4M
York Property Co. brokered two industrial property sales in Orlando at the end of 2008 totaling $4 million.
Peoples Community sale to CenterBank dies
CenterBank has pulled out of its deal to buy the branches, deposits and some assets of troubled Peoples Community Bancorp Inc. (IBNK) (PCBI)
Congress takes up D.C. voting rights bill
A measure to give the District of Columbia voting representation in the House of Representatives was introduced in both the House and Senate Tuesday.
Wells Fargo buys loans and leases from GE
Wells Fargo said late Monday that it purchased about $730 million in loans and leases from General Electric. (GE) (WFC)
Anacor Pharmaceuticals raises $50M in equity financing
Anacor Pharmaceuticals Inc. raised $50 million in a preferred stock financing
First Southern Bank to get $10.9M in TARP money
First Southern Bank has become the first South Florida-based bank to receive preliminary approval to receive money from the federal Troubled Assets Relief Program (TARP).
UPS taps Gray as U.S. ops VP
United Parcel Service Inc.’s U.S. division is about to get new leadership.
UPS taps Gray as U.S. ops VP
United Parcel Service Inc.’s U.S. division is about to get new leadership.
Altus directors resign
Altus Pharmaceuticals Inc. said Tuesday that directors Stewart Hen and Jonathan S. Leff, both general partners with private equity concern Warburg Pincus LLC, have resigned their board seats.
Wells Fargo buys loans and leases from GE
Wells Fargo said late Monday that it purchased about $730 million in loans and leases from General Electric. (GE) (WFC)
VC-backed IPOs fall to 30-year low
Initial public offerings by venture-capitalist-backed companies have hit their lowest point in three decades.
Anacor Pharmaceuticals raises $50M in equity financing
Anacor Pharmaceuticals Inc. said Tuesday it raised $50 million through a preferred stock financing with participation from GlaxoSmithKline, Schering Corp. and existing investors.
Mariner Wealth Advisors buys Quantitative Investment Solutions
Mariner Wealth Advisors LLC of Leawood has completed its purchase of Quantitative Investment Solutions LLC for an undisclosed amount.
Barlow resigns from Molecular Insight board
Molecular Insight Pharmaceuticals Inc. announced that former CEO David Barlow has resigned from his post on the board of directors. Barlow cited disagreements with the board over business philosophy, strategy and practice, according to a document filed with the Securities and Exchange Commission.
AMC Entertainment completes $315M sale of Mexican subsidiary
AMC Entertainment Inc. completed the sale of its Mexican movie theater subsidiary to a Mexican company for $315 million on Dec. 29.
Report: Venture capital for IPOs runs dry
Initial public offerings by companies backed by venture capitalists hit their lowest point in three decades, according to a new report by Thomson Reuters and the National Venture Capital Association.
R.L. Stowe Mills to close
R.L. Stowe Mills Inc., one of the country’s oldest textile companies, will close in March.
R.L. Stowe Mills to close
Belmont-based R.L. Stowe Mills Inc., one of the country’s oldest textile companies, will close in March.
Report: VC-backed IPOs fall to 30-year low
Initial public offerings by companies backed by venture capitalists hit their lowest point in three decades, according to a new report by Thomson Reuters and the National Venture Capital Association.
Report: Venture capital for IPOs runs dry
Initial public offerings by companies backed by venture capitalists hit their lowest point in three decades, according to a new report by Thomson Reuters and the National Venture Capital Association.
Kokua Festival put on hold this year
There will be no Kokua Festival this year.
Man pleads guilty in $2.5M Tacoma lumber firm embezzlement
The man who government officials say spearheaded a $2.5 million embezzlement scheme against a Tacoma lumber company pleaded guilty Monday.
Wells Fargo buys loans and leases from GE
Wells Fargo said late Monday that it purchased about $730 million in loans and leases from General Electric. (GE) (WFC)
Twins owner Carl Pohlad dies
Twin Cities businessman Carl Pohlad, whose holdings include the Minnesota Twins, United Properties and financial services firm Marquette Financial, has died.
Panel to offer economic survival tips
A panel of experts will weigh in Friday on strategies local businesses can use to weather the economic storm that dominated 2008 and that many predict will linger well into 2009.
Solyndra raises $219 million
Solyndra Inc. raised $219.2 million from venture capitalists, according to PE Week Wire, which tracks the private equity market.
Countrywide settles predatory lending complaint
Countrywide Financial Corp. has agreed to make loan modifications for about 395,000 U.S. mortgage holders and pay $150 million into a foreclosure relief fund to settle predatory lending complaints filed by various states, including Kentucky.
United Community Banks ups loan loss provision
United Community Banks Inc., Georgia’s third-largest bank, said Monday it will raise its fourth-quarter loan loss reserve in the wake of credit deterioration and current economic conditions, particularly in its metro Atlanta residential construction portfolio. (UCBI) (SNV)
Report: VC-backed IPOs fall to 30-year low
Initial public offerings by companies backed by venture capitalists hit their lowest point in three decades, according to a new report by Thomson Reuters and the National Venture Capital Association.
Report: VC-backed IPOs fall to 30-year low
Initial public offerings by companies backed by venture capitalists hit their lowest point in three decades, according to a new report by Thomson Reuters and the National Venture Capital Association.
Renegy gets $12.3M infusion as it restructures
Renegy Holdings lands $12.3 million in equity financing, plans for layoffs, delisting
Venture capital-backed IPOs hit 30-year low in 2008
Initial public offerings by companies across the country backed by venture capitalists hit a 30-year low in 2008, with just six for the year and none in the fourth quarter, according to a report by Thomson Reuters and the National Venture Capital Association.
Zweifel names Mathers, Robyn, Kuster to Mo. treasurer?s staff
Missouri Treasurer-elect Clint Zweifel picked Mark Mathers as his deputy state treasurer, Angie Heffner Robyn as general counsel and director of policy, and Ken Kuster for the temporary position of special adviser to the treasurer.
BAE Systems awarded Army contracts worth $115M
BAE Systems has received six contracts worth $115 million from the U.S. Army Tank-Automotive and Armaments Command for replacement parts.
Grinch pulled back at Citi Center
With ticket sales down, The Grinch Who Stole Christmas cancelled three performances at the Wang Theater at the end of the performance season.
TU adds weeklies to direct-mail product
The Times Union will beef up its Local Values shared-mail product through agreements with two Albany, N.Y., media companies.
Venture-backed IPOs last year hit 30-year low
Wall Street’s worst performance in decades last year took its toll on venture capitalists. There were no initial public offerings among venture-backed companies and just a “modest” 37 merger transactions involving such companies, the National Venture Capital Association and Thomson Reuters said Monday. (EBAY)
Tom James apologizes for auction rate security purchases
Clients of Raymond James Financial Inc. have substantially reduced their holdings of auction rate securities. (RJF)
Tourism spending down, prices up
As the economy spiraled into disarray in the third quarter of 2008, Americans cut back sharply on tourism and travel spending.
FTRANS pulls in $3M round of funding
Atlanta-based FTRANS Corp. has raised $3 million from its current investors. (SNV) (SONE)
Tourism spending down, prices up
As the economy spiraled into disarray in the third quarter of 2008, Americans cut back sharply on tourism and travel spending.
You can file for unemployment on a Sunday
Pennsylvania has added Sunday hours for its toll-free number to file unemployment claims as it deals with a spike in benefit claims, the state Department of Labor & Industry said.
West Virginia bank buying Washington D.C.-based Abigail Adams
Premier Financial Bancorp Inc. is buying a Washington, D.C.-based bank for about $10.9 million. (PFBI) (AANB)
Tourism spending down, prices up
As the economy spiraled into disarray in the third quarter of 2008, Americans cut back sharply on tourism and travel spending.
Tourism spending down, prices up
As the economy spiraled into disarray in the third quarter of 2008, Americans cut back sharply on tourism and travel spending.
Tourism spending down, price up
As the economy spiraled into disarray in the third quarter of 2008, Americans cut back sharply on tourism and travel spending.
Bulk buyer snags 60 units at Marina Blue
A Singer Island-based group has paid nearly $13 million for 60 units at the Marina Blue high-rise across from American Airlines Arena in Miami.
Venture capital-backed IPOs hit 30-year low in 2008
Initial public offerings by companies across the country backed by venture capitalists hit a 30-year low in 2008, with just six for the year and none in the fourth quarter, according to a report by Thomson Reuters and the National Venture Capital Association.
MathStar investors urge liquidation
Two holders of MathStar Inc. stock have written to chairman and chief executive Douglas Pihl, urging him to liquidate the company.
Local Fed branch: Challenges loom in 2009
While the frozen financial markets will seek to thaw out in 2009 – the worsening economic climate will bring about new challenges that could present unanticipated problems, according the Federal Reserve Bank of Atlanta’s latest economic outlook report.
Barton Asset Management founder arraigned
Former Atlanta investment manager Frederick J. Barton was arraigned Monday before U.S. Magistrate Judge C. Christopher Hagy on charges of defrauding investors of $3 million.
Tourism spending down, price up
As the economy spiraled into disarray in the third quarter of 2008, Americans cut back sharply on tourism and travel spending.
Report: VC-backed IPOs fall to 30-year low
Initial public offerings by companies backed by venture capitalists hit their lowest point in three decades, according to a new report by Thomson Reuters and the National Venture Capital Association.
Navy Federal commits $6B to mortgages
Navy Federal Credit Union plans to commit $6 billion to new mortgages for its members buying a home or refinancing.
Smitty?s files for Chapter 11
Smitty’s Building Supply Inc. filed for Chapter 11 bankruptcy protection Monday in the U.S. Bankruptcy Court for the Eastern District of Virginia in Alexandria.
Former Zoës CEO accepts post at Samford
Samford University’s Brock School of Business said it has nabbed former Zoës Kitchen CEO John Cassimus as its first Entrepreneur-in-residence.
Monaco Coach hires financial adviser
Monaco Coach Corp. on Monday said it hired a financial adviser to help improve the struggling recreational vehicle maker’s liquidity. Such announcements normally mean a company is seeking a buyer. (MNC)
Tourism spending down, price up
As the economy spiraled into disarray in the third quarter of 2008, Americans cut back sharply on tourism and travel spending.
Venture capital-backed IPOs hit 30-year low in 2008
Initial public offerings by companies across the country backed by venture capitalists hit a 30-year low in 2008, with just six for the year and none in the fourth quarter, according to a report by Thomson Reuters and the National Venture Capital Association.
Credit union to unveil new name
Mt. Zion 1st Baptist Federal Credit Union is planning to change its name and logo after more than four decades.
PPD buys Merck laboratory in Wayne
Merck & Co. Inc. has sold a Wayne, Pa., laboratory to PPD, and PPD will hire 80 Merck employees in a vaccine testing deal between the companies that was announced Monday. (PPD) (MRK)
Zoo rated No. 1 for phone recycling
The Louisville Zoo’s cell phone recycling program recently was selected as the No. 1 program in the nation by the recycling program ECO-CELL. More than 100 zoos in North America participate in ECO-CELL’s recycling program.
Lender repossesses 140 units in WPB Whitney
Having sold just one-third of its condos since it started closings in 2007, the developer of the Whitney in West Palm Beach has turned over its remaining units to New York-based lender iStar Financial.
VC-backed IPOs hit 30-year low in 2008
Initial public offerings by companies backed by venture capitalists hit a 30-year low in 2008, with just six such IPOs for the year and none in the fourth quarter, according to a report by Thomson Reuters and the National Venture Capital Association.
AARP: Economic stress causing health problems
One in five adults aged 45 and older are suffering health problems due to financial stress, according to a new survey by AARP.
More commercial vacancy seen for Boston
Corporate consolidations will lead to an increase in vacant and sublease space in Boston’s commercial buildings, according to a report from Grubb & Ellis Co.
Report: VC-backed IPOs fall to 30-year low
Initial public offerings by companies backed by venture capitalists hit their lowest point in three decades, according to a new report by Thomson Reuters and the National Venture Capital Association.
Louisville Historical League to meet
The Louisville Historical League will hold its 37th annual meeting Sunday, Jan. 18.
Mach One tentatively agrees to buy firm
Mach One Corp., an Ozaukee County provider of biological testing products for the agricultural and consumer markets, said Monday that it has reached a preliminary agreement to buy Modular Process Constructors LLC, a firm that supplies pharmaceutical companies with processing equipment.
Venture capital-backed IPOs hit 30-year low in 2008
Initial public offerings by companies across the country backed by venture capitalists hit a 30-year low in 2008, just six for the year and none in the fourth quarter, according to a report by Thomson Reuters and the National Venture Capital Association. The report, released Monday, said venture-backed company exits via acquisitions totaled 260, the first year since 2003 when there were less than 300.
Tourism spending down, prices up
As the economy spiraled into disarray in the third quarter of 2008, Americans cut back sharply on tourism and travel spending.
Affiliated Managers postpones investment deal
Affiliated Managers Group Inc. (NYSE: AMG) said Monday it postponed its acquisition of a majority stake in Harding Loevner LLC, a money manager that had $6 billion in assets under management when the deal was first announced in July. (AMG)
Venture capital-backed IPOs hit 30-year low in 2008
Initial public offerings by companies across the country backed by venture capitalists hit a 30-year low in 2008, with just six for the year and none in the fourth quarter, according to a report by Thomson Reuters and the National Venture Capital Association.
CKE adopts stockholder rights plan
CKE Restaurants Inc. adopted a one-year stockholder rights plan to better deal with any potential takeover, the parent company of St. Louis-based Hardee's Food Systems Inc. said Monday. (CKR)
National City's Denny to lead PNC's Kentucky, Indiana markets
With its acquisition earlier this week of National City Bank, PNC Financial Services Group announced Friday that Chuck Denny, former president of National City Bank’s Kentucky and Tennessee market, has been named regional president of PNC’s Kentucky and Indiana market. (PNC)
Obama to replace Bill Richardson at Commerce Department
President-elect Barack Obama lost a self-proclaimed “pro-business Democrat” from his cabinet when New Mexico Gov. Bill Richardson withdrew his nomination to become Commerce secretary.
Navy Federal commits $6B to mortgages
Navy Federal Credit Union plans to commit $6 billion to new mortgages for its members buying a home or refin