North America

Washington's City Bank slapped with regulatory order

Fri, 03 Jul 2009 00:26:15 GMT

Lynnwood-based City Bank on Thursday became the latest Washington financial institution operating under stricter regulatory enforcement.

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Sat, 04 Jul 2009 10:49:24 GMT

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Justice Department joins suit against SAIC over contract

Thu, 02 Jul 2009 22:32:46 GMT

The Justice Department has joined a lawsuit that a whistle-blower filed against government contractor SAIC Inc., accusing the company of getting inside information from federal employees to win a $3 billion contract. (SAI)

Woolson resigns MERC post

Fri, 03 Jul 2009 04:23:38 GMT

David Woolson has resigned his post as general manager of the Metropolitan Exposition Recreation Commission, effective immediately.

Hire Velocity names Valeri Marks CEO

Thu, 02 Jul 2009 21:12:08 GMT

Valeri Marks is the new chief executive officer of Hire Velocity in Tampa. The company provides recruitment and hiring services to small to medium-sized businesses.

Fitch confirms top rating for S.A. water system

Thu, 02 Jul 2009 20:54:04 GMT

Fitch Ratings has confirmed the ?F1+? rating given to the City of San Antonio water system for its commercial paper notes, series A.

PBJ poll: Soccer has more fans

Fri, 03 Jul 2009 10:10:02 GMT

In last week?s Business Pulse Survey we asked ?If you had to choose, would you rather keep the Timbers or the Beavers?? and 41 percent said Timbers, 27 percent said Beavers and 18 percent said they want to keep both.

Report: Arson blamed in Phillips neighborhood fire

Thu, 02 Jul 2009 19:48:21 GMT

A Tuesday morning fire that destroyed part of a retail and apartment complex in the Phillips neighborhood of Minneapolis was set intentionally, according to an investigation by the Minneapolis Police Department.

Carlson Cos. CEO joins Polo board

Thu, 02 Jul 2009 21:44:39 GMT

Hubert Joly, president and CEO of Minnetonka-based Carlson Cos. Inc. has joined the board of directors of Polo Raplh Lauren.

Exec from prominent firm indicted

Fri, 03 Jul 2009 14:52:49 GMT

A finance executive formerly with one of the region?s most prominent development companies was indicted by federal prosecutors and charged with embezzling almost half a million dollars from the business over two years.

Nixon signs bill allowing outdoor drinking at events

Thu, 02 Jul 2009 21:15:06 GMT

Missouri Gov. Jay Nixon signed into law House Bill 132 on Thursday, which allows places such as Westport to allow drinking at outdoor events.

Missouri revenue drop is ?worst in over a generation?

Thu, 02 Jul 2009 20:34:59 GMT

Missouri?s net general revenue collections dropped 7 percent in fiscal 2009 as residents lost jobs and pulled back on spending, which hurt the state?s income and sales tax collections.

Report: Bank M&A activity declines

Fri, 03 Jul 2009 15:15:02 GMT

The Texas banking merger and acquisition market that slowed to a crawl in 2008 has virtually come to halt.

Building permits reach 10-month high

Thu, 02 Jul 2009 19:57:25 GMT

There were 238 new residential permits issued in the Twin Cities in June.

Exec from prominent firm indicted

Fri, 03 Jul 2009 14:52:49 GMT

Georgian Bank leadership changes part of strategy shift

Fri, 03 Jul 2009 15:41:32 GMT

The new CEO of Atlanta's second largest, locally headquartered bank said his appointment signals a strategic shift in the midst of the worst financial industry crisis in decades.

Man alleged stole $450,000 from firm

Fri, 03 Jul 2009 12:06:40 GMT

A Cambridge company lost about $450,000 to an employee who inflated his pay and repeatedly dipped into petty cash, federal prosecutors alleged Thursday.

Alliance One sells $670M in new debt, buys back $476.5M in old notes

Fri, 03 Jul 2009 18:13:12 GMT

Alliance One International, the global tobacco distributor based in Morrisville, ended a second straight week by announcing completion of large-scale financing moves. (AOI)

Dinsmore, Woodward in Louisville discuss possible merger

Fri, 03 Jul 2009 11:11:16 GMT

Cincinnati law firm Dinsmore & Shohl and Louisville?s Woodward Hobson & Fulton LLP appear headed for a merger, according to a Disnmore official.

Ohio mortgage rates creep up for week, Ky. drops

Fri, 03 Jul 2009 09:15:01 GMT

Mortgage rates in Ohio inched up over the week, while Kentucky?s fell slightly, according to Zillow.com.

Nordic Windpower gets U.S. loan guarantee

Thu, 02 Jul 2009 19:55:59 GMT

The U.S. Department of Energy today awarded Nordic Windpower a conditional loan guarantee for $16 million to advance development of its two-blade wind turbines.

Alliance One sells $670M in new debt, buys back $476.5M in old notes

Fri, 03 Jul 2009 18:13:12 GMT

Alliance One International, the global tobacco distributor based in Morrisville, ended a second straight week by announcing completion of large-scale financing moves. (AOI)

Georgian Bank leadership changes part of strategy shift

Fri, 03 Jul 2009 15:41:32 GMT

The new CEO of Atlanta's second largest, locally headquartered bank said his appointment signals a strategic shift in the midst of the worst financial industry crisis in decades.

Judge dismisses challenge to Duke Energy coal plant

Fri, 03 Jul 2009 00:08:45 GMT

A federal judge has dismissed a challenge environmental groups brought against Duke Energy Carolinas? Cliffside plant expansion. (DUK)

Judge dismisses challenge to Duke Energy coal plant

Fri, 03 Jul 2009 00:08:45 GMT

A federal judge has dismissed a challenge environmental groups brought against Duke Energy Carolinas? Cliffside plant expansion. (DUK)

Georgian Bank founder and CEO Teel replaced

Thu, 02 Jul 2009 22:41:24 GMT

The founder and driving force behind the Atlanta?s second largest, locally headquartered bank has been replaced as chairman and CEO of the $2 billion institution and its holding company, in a move effective late Thursday.

Exec leaves HECO, joins Sennet Capital

Fri, 03 Jul 2009 00:48:07 GMT

Karl Stahlkopf, Hawaiian Electric Co.'s top technical expert on renewable energy, retired from the utility on Tuesday and on Wednesday was named partner at a Honolulu merchant bank that finances local renewable energy projects.

Report: Bank M&A activity declines

Fri, 03 Jul 2009 15:15:02 GMT

The Texas banking merger and acquisition market that slowed to a crawl in 2008 has virtually come to halt.

Houston to get holiday break on gasoline prices

Fri, 03 Jul 2009 14:00:01 GMT

Average retail gasoline prices in the Houston area fell 5 cents this week to $2.44 a gallon heading into the Fourth of July weekend, according to AAA Texas.

Houston to get holiday break on gasoline prices

Fri, 03 Jul 2009 14:00:01 GMT

Average retail gasoline prices in the Houston area fell 5 cents this week to $2.44 a gallon heading into the Fourth of July weekend, according to AAA Texas.