Business and Finance news

Duke Energy Carolinas will partner with Progress Energy Inc. and the nonprofit Advanced Energy for a trial of new technology for plug-in electric cars.
Twelve Toyota Priuses will be modified for plug-in recharging and equipped with two-way technology for connecting to the electric grid. The goal is to make it possible for vehicles to charge overnight […]

Milwaukee Shakespeare Company is abruptly closing its doors after its main source of funding, the Argosy Foundation, eliminated its financial support of the theatrical group because of the economy.
The Milwaukee-based Argosy Foundation, a private family foundation established by Boston Scientific co-founder John Abele, provided about 75 percent of the Shakespearean theater company's budget of $1.4 […]

The Bank of Israel may lower the benchmark lending rate for a second time this month as global financial turmoil imperils domestic economic growth.
Governor Stanley Fischer will cut the rate to 3.5 percent, according to eight of 14 economists surveyed by Bloomberg. Five forecast a half-point reduction and one no change. The decision […]

The Contemporary Museum in Honolulu has been promised a collection of artwork worth nearly $2 million for the museum’s 20th anniversary.
The museum announced Friday that the former owner of The Honolulu Advertiser, Thurston Twigg-Smith, and his wife, Sharon, have promised their collection of work by contemporary artist H. C. Westermann.
The work includes one painting, 16 […]

Arista Networks Inc. on Thursday named Jayshree Ullal president and chief executive and Andreas Bechtolsheim chairman and chief development officer.
Menlo Park-based Arista focuses on high-performance 10 gigabit Ethernet and cloud networking.
Ullal was previously senior vice president of Santa Jose-based Cisco Systems Inc. (NASDAQ:CSCO) and is a 25-year industry veteran http://payday-loans-application.com.
Bechtolsheim, a well-known Silicon Valley entrepreneur, […]

U.S. stock markets declined Tuesday as investors braced for a raft of earnings following a better than 4 percent advance Monday. The Dow was down about 60 points at 10 a.m., to 9,204.58. Nasdaq was down about 14 points to 1,775.47.
More than one quarter of the companies in the S&P 500 are scheduled to release […]

The U.K. government will step up public spending projects and increase borrowing in a bid to curb the country's biggest economic slump since 1991, ministers including Chancellor of the Exchequer Alistair Darling said.
The U.K. will prioritize spending on housing, energy and small businesses as well as bring forward construction projects on schools and […]

Service Employees International Union-United Healthcare Workers West reached tentative agreement on a four-year contract with Catholic Healthcare West on Sunday afternoon, union officials said Monday.
Roughly 16,000 workers at 35 facilities will be voting on the agreement later this week, said John Borsos, chief negotiator for the union’s hospital division. Catholic Healthcare West has 41 hospitals […]

General Motors has had talks with smaller rival Chrysler LLC about a merger that would combine the No. 1 and No. 3 American automakers at a time when both are struggling to cut costs and shore up cash, according to a source briefed on the matter.
Separately, Ford Motor Co, plans to sell shares from […]

Finance ministers and central bankers from the Group of Seven nations meet today facing a breakdown in investor confidence in their ability to end the credit freeze endangering the global economy.
Threatened by the worst economic outlook in a quarter century, officials arrived in Washington still without the broad- based strategy that investors were […]