News money 2008-06-23 Andanh.com

Safety firm keeps owner hopping — and happy
Sharon Powers recently invested more than 20 years of workplace-safety inspection experience in her own consulting business.

Union dispute: AFSCME has state workers, but SEIU wants in
PHOENIX — It can't negotiate salaries. And it won't defend every worker accused of wrongdoing.

2 flights daily link Flagstaff and L.A.
Horizon Air launches 2 daily flights from Flagstaff to Los Angeles today.

Giffords town hall focus: water issues
U.S. Rep. Gabrielle Giffords will host a meeting on water issues July 1 in Sahuarita.

Minority business nominees sought
Nominations are open for this years Minority Enterprise Development Week awards.

Nine solar-product manufacturing companies pass over Arizona
PHOENIX — An economic development group trying to get solar-panel manufacturing companies to locate in Arizona said the state is losing the fight to neighboring states.

Tucson firm named one of nation's best places to work
A Tucson-based accounting firm has been selected as one of the 25 best small workplaces in the country.

County details range of 'green' practices it hopes to implement
Promising to "lead by doing," Pima County is developing a plan to make county operations greener and more sustainable.

Boeing goes from perp to victim in 4 years
The following editorial appeared in the Chicago Tribune on Friday.

Buy gas in Mexico, save bucks, but beware
PHOENIX — If you're going to Mexico to buy your gasoline, be sure to get a meal while you're there.

Dress codes keep job attire appropriate
NEW YORK — Here's a scenario very likely to happen at a small business this summer: The owner arrives in the morning, and is greeted not only by the company's receptionist, but her exposed navel.

Fed to hold rates steady Mon, 23 Jun 2008 10:11:40 MST
Straddling economic crosscurrents, the Federal Reserve is not expected to move on interest rates.

Embattled lender forms investors committee Mon, 23 Jun 2008 00:00:00 MST
Mortgages Ltd. is trying to shore up amid lawsuits.

Southern Copper Corp. plans stock split Mon, 23 Jun 2008 00:00:00 MST
It will boost shares outstanding to 884.6 million.

Phoenix-based Allied Waste sold for $6.07B Mon, 23 Jun 2008 11:06:58 MST
Phoenix-based Allied Waste to be bought for $6.07B

Companies may bring 200 jobs to Glendale Mon, 23 Jun 2008 00:00:00 MST
A health-care facility and two firms with call-center-type employment are expected to make the move.

McCain pitches $300M prize for new battery Mon, 23 Jun 2008 11:03:31 MST
FRESNO, Calif. - John McCain is hoping to solve the country's energy crisis with cold hard cash.

Saudis' vague pledge on oil output disappoints America Mon, 23 Jun 2008 00:00:00 MST
Facing pressure and global dismay over oil prices, Saudi Arabia said it will produce more crude.

Investors await signal from Fed Mon, 23 Jun 2008 00:00:00 MST
After the Federal Reserve's meeting this week, they are expected to voice a tough stance on inflation.

Survivor in technology industry finds her niche Mon, 23 Jun 2008 00:00:00 MST
Years of out-of-the-box thinking paid off after 9/11, when many of Ginger Clayton's competitors in the technology industry folded.

Gateway Airport aims for efficiency, low costs Mon, 23 Jun 2008 00:00:00 MST
Phoenix-Mesa Gateway Airport is planning to build efficiencies into passenger accommodations as fuel prices elevate the cost of flying.

Oregano's pizza chain to expand Mon, 23 Jun 2008 09:49:38 MST
Scottsdale-based Oregano's Pizza Bistro will merge with Restaurant Acquisition Partners, Inc. with the intention of expanding the Chicago-style pizza chain.

Mesa hearing-aid maker takes off nationwide Mon, 23 Jun 2008 00:00:00 MST
Zounds, a private Mesa hearing aid retailer, opens its 17th store next week in Portland, Ore.

Union calls off strike at Freeport mine in Peru Mon, 23 Jun 2008 00:00:00 MST
A strike at Freeport-McMoRan Copper & Gold Inc.'s Cerro Verde mine in Peru was called off by union officials Friday.

Economy to challenge law-school grads Sun, 22 Jun 2008 00:00:00 MST
Although, ASU and UA law schools expect increased interest from prospective students, those graduating next year could find it more challenging to secure jobs.

Ag products biz Bunge buying Corn Products for $4.4B
CHICAGO (AP) -- Two of America's oldest agricultural companies laid the foundation for a new $30 billion-a-year ag and food colossus Monday with the announcement that Bunge Ltd. is buying Corn Products International Inc. in a $4.4 billion stock deal....

Huntsman sues Apollo for backing out of deal
SALT LAKE CITY (AP) -- Huntsman Corp. is suing Apollo Management and its two partners for fraud after the private equity group backed out of a deal to buy the chemicals company for $6.5 billion....

Citi halfway done cutting 6,500 in i-bank: source
NEW YORK (AP) -- Citigroup Inc. is about half-way through cutting 10 percent of the 65,000 employees in its investment banking unit, a person familiar with the job cuts said Monday....

Philip Morris USA pulls new filter cigarettes
RICHMOND, Va. (AP) -- Philip Morris USA, the nation's No. 1 tobacco company, said Monday it has ended test markets of Marlboro-branded cigarettes that use a high-technology filter....

German business confidence falls in June
FRANKFURT, Germany (AP) -- German business confidence fell in June, dragged down by concerns over record high oil prices, a closely watched survey of attitudes in Europe's biggest economy showed Monday....

Candy a sweet spot in sour economy
CHICAGO (AP) -- Like a lot of people, Nate Towne is cutting back on spending. He's carpooling to work and only shops at grocery stores that take coupons or offer discount "rewards" cards....

Prudential Bancorp director quits amid insider complaint Mon, 23 Jun 2008 04:00:00 GMT
After pressure from an activist investor, John P. Judge resigned from the board of directors of South Philadelphia-based Prudential Bancorp. Joseph Stillwell of New York, who owns roughly 10 percent of the bank's shares, demanded in a Securities and Exchange Commission filing last month that Judge either resign or be removed from the board "because he is no longer able to perform his duties as a director due to serious illness."

Former SBA head Preston sees agency growth Mon, 23 Jun 2008 04:00:00 GMT
Editor's note: Two years ago, Steve Preston left ServiceMaster Corp., a Fortune 500 business, to become head of the Small Business Administration. Now he has moved on to become secretary of Housing and Urban Development. Washington Bureau Chief Kent Hoover recently sat down with Preston to talk about his tenure at the SBA and his advice for business executives who leave the private sector for public service. The following is an edited transcript of their conversation.

Credit scores drop 10 times faster in South Florida Mon, 23 Jun 2008 04:00:00 GMT
The wave of foreclosures sweeping across South Florida is taking more than consumers' homes. It's battering their credit scores so low that they could takes years to mend.

BlueHarbor Bank will grow with new branch in Huntersville Mon, 23 Jun 2008 04:00:00 GMT
Six months after being founded, Mooresville-based BlueHarbor Bank plans to open a second branch this fall in Huntersville.

Republic First links with Hill Mon, 23 Jun 2008 04:00:00 GMT
Republic First Bancorp wanted to buy Willow Financial Bancorp this year, but CEO Harry Madonna said he couldn't get investment bankers to take his company seriously as a bidder. Some bad loans and Republic First's relatively small size posed problems.

Wachovia layoffs hit bond buyers, public finance posts Mon, 23 Jun 2008 04:00:00 GMT
Wachovia Corp. has laid off more local employees, but this time the moves are less about fallout from the A.G. Edwards acquisition and more a sign of a declining business landscape.

Area veterans take out $462,000 in Patriot loans Mon, 23 Jun 2008 04:00:00 GMT
When the Small Business Administration introduced its Patriot loans for veterans last year, St. Louis District Director Dennis Melton thought his office had a hit on its hands: It approved one of the first Patriot loans in the country, $60,000 to Full Line Electric, an electrical contractor in Columbia, Mo., followed by a $5,000 loan to the St. Louis Area Kid's Directory in St. Charles.

Rule changes could raise the cost of ADA compliance Mon, 23 Jun 2008 04:00:00 GMT
The Justice Department issued proposed regulations June 17 that would revise Americans with Disability Act standards for accessibility to buildings and other public spaces.

SEC claims investor inflated bank stock value Mon, 23 Jun 2008 04:00:00 GMT
A Securities and Exchange Commission complaint against an Atlanta-area bank investor highlights the concerns of trading low-volume stocks, which litter the city's financial sector.

Private Bank aims to be a 'player' Mon, 23 Jun 2008 04:00:00 GMT
The Private Bank of the Peninsula board has a dual goal: reach $500 million in assets and fill the void left by the consolidation of community banks in Palo Alto.

BofA still growing, competing Mon, 23 Jun 2008 04:00:00 GMT
Emily Shanks has worked in the financial services industry for 26 years. Currently, she is Bank of America's business banking market executive for the greater Bay Area, one of several leadership positions she's held with the bank during her career. She is responsible for managing a team of client managers who serve local business clients with annual revenue between $2.5 million and $20 million.

County credit unions are expanding into business banking Mon, 23 Jun 2008 04:00:00 GMT
Credit unions are known for providing small, simple services: personal savings accounts, home and auto loans and holiday spending funds. The past five years, these financial institutions have found another niche: business banking.

For Ohio's payday lenders, it's time to look at options Mon, 23 Jun 2008 04:00:00 GMT
Payday lenders are probing how they can continue making lucrative short-term loans in Ohio, despite a state law meant to curtail their business.

Bankers to businesses: Act soon on stimulus tax benefits Mon, 23 Jun 2008 04:00:00 GMT
Small businesses planning to take advantage of special tax benefits this year may want to move quickly, bankers advise.

Ex-SBA head: Small businesses get $85B in capital Mon, 23 Jun 2008 04:00:00 GMT
Two years ago, Steve Preston left ServiceMaster Corp., a Fortune 500 business, to become head of the Small Business Administration. Now he has moved on to become secretary of Housing and Urban Development, but he recalls his time at SBA "as two of the most exciting years in my life."

Combining savvy, creativity, Jeanne Golliher gets projects done Mon, 23 Jun 2008 04:00:00 GMT
Maybe it's Jeanne Golliher's family history in banking.

Area's biggest banks see hope for rebound from slump Mon, 23 Jun 2008 04:00:00 GMT
Kansas City-area banks' performance remained under pressure in the first quarter.

AmericasBank ending two-year stint on Nasdaq market Mon, 23 Jun 2008 04:00:00 GMT
Towson's AmericasBank plans to delist its stock from the Nasdaq Capital Market and is considering ending its status as a public company.

EBank seeks $6M capital infusion Mon, 23 Jun 2008 04:00:00 GMT
EBank, Atlanta's last online-focused bank, is attempting to raise additional capital from competing investor groups to shore up a troubled balance sheet hard hit by bad real estate loans.

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