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Beacon Council announces rain from Spain: 465 jobs
23 May 2012 at 4:34pm
The Beacon Council, which is on a trade mission to Spain with Gov. Rick Scott, reports that three Spanish companies will be adding 465 jobs within three years in Miami-Dade County.
Here are the details:
? Obrascon Huarte Lain (OHL USA) will add a new U.S. South Region headquarters in Northwest Miami-Dade County. Specializing in civil engineering, healthcare and university projects, OHL's new location will add 255 direct jobs within three years and $22 million in capital investment.
"Being already...
Olympic Coast Investment wrestles with Union Bank over securities worth $125M
by Greg Lamm
23 May 2012 at 3:48pm
Olympic Coast Investment Inc., the Seattle securities dealer that has filed for bankruptcy, finds itself in a legal tussle with Union Bank over who has legal claim to mortgage-backed securities totaling $125 million.
Olympic Coast is a mortgage brokerage company that originated mortgage-backed securities and signed up investors. The company serviced the mortgage loans, collecting loan payments from the borrowers and remitting payments to the investors. Olympic Coast received a monthly loan-servicing...
Western Union shareholders reject political-spending oversight
by Heather Draper
23 May 2012 at 2:43pm
Shareholders of the Western Union Co. at its annual meeting in New York Wednesday voted down a resolution that would have let them vote on the company?s political contributions and receive verification that those political contributions are in line with company values.
Boston-based NorthStar Asset Management Inc., a wealth management firm, filed the resolution on behalf of its pension plan.
NorthStar alleges that Western Union?s PAC (political action committee) ?continues to provide financial...
Sonabank plans Haymarket branch
by Jeff Clabaugh
23 May 2012 at 2:42pm
McLean-based Southern National Bancorp, which bought the assets of Gaithersburg-based HarVest Bank after it was closed by federal regulators last month, will expand its Northern Virginia footprint with a new branch in Haymarket.
If approved by regulators, it will be Sonabank's 20th branch and its first in Prince William County.
Sonabank says the Haymarket branch may open by mid-August.
Sonabank's HarVest Bank acquisition gave it four branches in suburban Maryland.
Earlier this month, Sonabank...
H&R Block names Macfarlane as CFO
by Suzanna Stagemeyer
23 May 2012 at 2:27pm
H&R Block Inc. has named Gregory Macfarlane as chief financial officer, effective June 4.
The Kansas City-based tax preparer (NYSE: HRB) said Macfarlane would lead all parts of its finance and reporting functions. He will take the role currently filled by Jeff Brown, who will move to the job of chief accounting and risk officer under a previously announced plan.
Brown, a longtime H&R Block employee, became interim CFO in early 2010 and was given the permanent role later that year.
?Greg brings...
CPS Energy achieves $68 million in debt savings
by James Aldridge
23 May 2012 at 2:25pm
CPS Energy issued $655.4 million in electric and gas system revenue refunding bonds this week.
The transaction is slated to close on June 28. Proceeds will be used to refund bonds issued in 2005. CPS Energy officials expect to achieve savings of $68.4 million, or 9.6 percent, on the bonds outstanding.
Bank of America Merrill Lynch and Barclays Capital Markets were the co-senior underwriting managers on the deal.
?Our tax-exempt bonds were well received in the market thanks to our utility?s...
Dow still down, despite late rally
by Patty Tascarella
23 May 2012 at 2:24pm
Wall Street zigzagged throughout Wednesday trading. The Dow Jones Industrial Average took a noon dive of 186 points, but a late afternoon rally almost pushed it into positive territory. The Dow ended trading at 12,496.15, down 6.66 points, or 0.05 percent.
Nasdaq wound up with a 11.04 point gain to finish at 2,850.12, up 0.39 percent,
Most among a sampling of Pittsburgh companies gained ground. U.S. Steel Corp. (NYSE:X) rose 1.15 percent to $22.03. American Eagle Outfitters Inc. (NYSE:AEO) was...
H&R Block CEO Cobb discusses company, leadership
by Alicia Stice
23 May 2012 at 2:04pm
Despite shifts during the past year, H&R Block Inc. CEO Bill Cobb says the company has made strides.
During a speech at The Central Exchange in Kansas City on Wednesday, Cobb discussed some of the strategies he?s used at H&R Block (NYSE: HRB) and offered advice about business leadership.
One key shift of late was H&R Block?s April announcement that it would cut 350 jobs and close about 200 offices. However, Cobb said the past year has brought stability to the Kansas City-based tax preparer?s...
Edward Jones program recruits veterans as financial advisers
by Greta Weiderman
23 May 2012 at 1:49pm
Edward Jones is offering training and a structured compensation package to recruit veterans transferring to a civilian career as financial advisers, in a company program that meets federal requirements for on-the-job training under the G.I. Bill.
Using benefits under the G.I. Bill is not a requirement of the program, but it is an option for those who qualify, the financial services firm said.
The program, called Forces, has been approved by the Missouri State Approving Agency within the Missouri...
Analyst thinks Chesapeake shares won't fall below $14
by Paul J. Gough
23 May 2012 at 1:46pm
An analyst's note Wednesday said embattled Chesapeake Energy Corp. might have stopped its decline on Wall Street.
Sterne Agee maintained a neutral rating on Chesapeake (NYSE: CHK) but said the share price might have bottomed out around $14. Chesapeake shares on the New York Stock Exchange were up 9 cents to $15 a share shortly before 3:30 p.m., a half hour before the markets closed. It had been as far down as $14.25 earlier in the day and its 52-week low was $13.32, well below its 52-week high of...
Foreign Currency Exchange Rates Conversion Bid and Ask (Part-I)
Minister of finance describe new measures for control of foreign currency exc
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Ponzi Scheme Mastermind Sentenced to 50 Years in Prison - 7thSpace Interactiv...
23 May 2012 at 4:56pm 7thSpace Interactive (press release) According to filed court documents, court proceedings, and today's sentencing hearing, beginning in April 2007, Simmons began soliciting victims to invest in Black Diamond for supposed trading in the foreign currency exchange market. and more » |
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Travelex Study Reveals "How The World Vacations" - PR Web (press release)
23 May 2012 at 11:21am PR Web (press release) According to Travelex, the world's largest foreign currency exchange service, a recent study showed that factors such as the global economy have an effect on how often people travel, where they go and how much they spend. Total worldwide travel has ... and more » |
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JPMorgan Hire, Citigroup Settles, SEC-Rothstein: Compliance - BusinessWeek
23 May 2012 at 7:23am BusinessWeek The lender's May 10 announcement of the ?self-inflicted? loss spurred reviews by the SEC, Commodity Futures Trading Commission, Office of the Comptroller of the Currency and Federal Bureau of Investigation. JPMorgan has said the losses may increase. and more » |
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