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CURRENT NEWS TOPICS FOR INVESTING:
Hawaii stocks mixed despite market gains Hawaii stocks saw mixed results after the broader markets rebounded on Wednesday trading. (ALEX) (BOH) (CPF) (MLP) (HE)
American Savings Bank's president moves up his departure date American Savings Bank President Timothy K. Schools will be leaving his post three months earlier than first announced. (HE)
Crescent litigation trust sues Duke Energy, seeks $1.2B A trust established to handle Crescent Resources? litigation claims has filed suit seeking $1.2 billion from Duke Energy Corp. and several of its affiliates, claiming the company committed fraud when it sold 49 percent of the Charlotte real estate firm to Morgan Stanley?s real estate investment arm in 2006. (DUK)
Smith appointed deputy state investment officer Kansas Public Employees Retirement System Chief Investment Officer Robert ?Vince? Smith will become New Mexico?s deputy state investment officer on Sept. 27.
Regions Financial Corp. leads local stocks Regions Financial Corp. led local stocks gaining nearly 5 percent on a steady Wednesday on Wall Street for many local publicly traded companies. (RF) (PL)
Roofer complaints more than doubled this year, Denver BBB says Complaints against roofers filed with the Denver-Boulder branch of the Better Business Bureau are up 247 percent so far this year from the same period of 2009, despite that fact that there have been fewer powerful storms to damage roofs in 2010, the bureau said Wednesday.
Tanfield Group plans $3M stock sale to finish Smith Electric Vehicles deal British company Tanfield Group PLC says it needs more than $3 million from a stock sale to complete the planned merger of its electric vehicle operation with Smith Electric Vehicles U.S. Corp.
U.S. Bank CEO: Overland Park beat out 360 cities for 1,300-job center U.S. Bank CEO Richard Davis said Overland Park beat out 360 cities nationwide to become the location for the company?s new service center, which eventually will provide office space for 1,300 employees.
McGinn, Smith credit card charges questioned Timothy McGinn and David Smith have continued to charge thousands of dollars of expenses on their credit card despite a court order freezing their assets, according to the U.S. Securities and Exchange Commission.
Bruised consumers shun credit cards, prefer prepaid ones More people pulled debit cards from their wallets than credit cards in 2009, changing longstanding spending habits as the recession turned the U.S. economy upside down. (SBUX) (PEET)
Luckie & Co. restructures leadership team Growth at the local advertising firm Luckie and Co. has caused a restructing and expansion of its leadership. (T)
Capital Pacific names Ron May to board Capital Pacific Bancorp has named Ron May to its board of directors. May, an Oregon native, has been active in the local business community for more than 35 years.
Pittsburgh market update: DynaVox down 2.78% Wall Street managed modest gains Wednesday. The Dow Jones Industrial Average finished trading at 10,387.01, up 46.32 points, or 0.45 percent. Nasdaq increased 19.98 points, or 0.90 percent, to 2,228.87. (AA) (AYE) (ATI) (AEO) (BK) (CNX) (DKS) (FII) (HNZ) (KMT) (KOP) (PNC) (PPG) (X) (WAB) (WCC)
Report: Numbers looking up for Kansas credit unions Kansas credit unions boosted their lending during the first quarter, according to a report released Wednesday by the Kansas Department of Credit Unions.
T. Rowe Price boosts stock buyback plan by 15M shares T. Rowe Price Group Inc.?s board of directors have approved increasing by 15 million shares the number of shares of stock the company will repurchase as part of a stock buyback program. (TROW)
ClearCount Medical Solutions raises $5M ClearCount Medical Solutions Inc. last week raised $5 million from investors, its largest capital infusion to date.
General Fund tax receipts increase North Carolina's General Fund saw an increase in tax receipts in July of $31.9 million or 2.4 percent compared to July of last year, according to an announcement from the State Controller.
CenterState plans to combine banks CenterState Banks Inc. plans to consolidate its three national bank subsidiaries into one national bank. (CSFL)
Expensify raises $5.7 million Expensify Inc., a 2-year-old seller of online expense reporting software particularly targeting small businesses, has raised $5.7 million in a first round of institutional funding led by Redpoint Ventures.
Human Capital: People on the move, Sept. 8 Halloran Consulting Group of Waltham added Simona Cipra as a managing director and Bradley Yount as chief operating officer. Previously, Cipra was VP of global clinical operations for a mid-sized, oncology-focused biopharmaceutical company. Prior to that, Simona held senior leadership roles in clinical operations and program management at Eisai Medical Research, Boston Scientific Corp. and The Medicines Company. Yount is the founder and president of Odyssey Bay Ventures, a firm that owns portfolio companies such as Enefco International of Auburn, Maine, and FMB Inc. of Harrison, N.J.
IRS releases draft for health care tax credit A form that small businesses and tax-exempt organizations will use to claim their health care tax credit has been drafted by the Internal Revenue Service.
Glaxo taps Goldman Sachs managing director Dingemans as CFO Simon Dingemans, managing director of Goldman Sachs, is leaving the investment house to take the job of chief financial officer for pharmaceutical giant GlaxoSmithKline, which has North American headquarters in Research Triangle Park. (GSK) (GS)
Pittsburgh market update: Alcoa rises 3.08 percent Wall Street rose in early Wednesday trading. By noon, the Dow Jones Industrial Average was up 71.56 points, or 0.69 percent, to 10,412.25. Nasdaq added 22.07 points, or 1 percent, to reach 2,230.96. (AA) (AYE) (ATI) (AEO) (BK) (CNX) (DKS) (FII) (HNZ) (KMT) (KOP) (PNC) (PPG) (X) (WAB) (WCC)
Republic First Bank officially changes name to Republic Bank Republic First Bank, primary subsidiary of Republic First Bancorp, said Wednesday it officially changed its name to Republic Bank. (FRBK)
EntreMed funded through 2011 Rockville-based EntreMed has raised $5.1 million from a group of private investors, enough funding to keep it in business through 2011, it says. (ENMD)
Coulomb raises $15M in 3rd round Coulomb Technologies Inc. said Wednesday it raised $15 million in a third round of funding.
SEC accuses Boulder investment adviser Greenberg of fraud The U.S. Securities and Exchange Commission is launching legal action against Neal R. Greenberg, a Boulder investment adviser it accuses of fraud and breach of fiduciary duty in the marketing of his firm's hedge funds to dozens of mostly older investors.
Wells Fargo museum to open in N.C. If you want to visit the state museums of art, history and natural sciences, you have to go to Raleigh. If you want to visit a bank museum, the place to go is Charlotte. (WFC) (BAC)
iPierian raises $6M more in second round Stem cell drug company iPierian Inc. raised another $6 million in its second round of venture funding, bringing the total for the round to $28 million. (GSK)
Denver Public Schools board weighs financial adviser Denver Public Schools board members Jeannie Kaplan and Andrea Merida on Tuesday proposed hiring an independent financial adviser to help the board evaluate future financing deals proposed by the school district.
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