Business and Finance news
February 13, 2011
President Barack Obama’s budget plan would cut $100 billion from Pell Grants and other higher education programs over a decade through belt-tightening and use the savings to keep the maximum college financial aid award at $5,550, an administration official said.
Nearly $90 billion of the projected savings would be achieved through two changes, said the official, […]
January 31, 2011
Intel says it found a design flaw in a recently released computer chip and will discontinue its production. While the flaw will mean lost revenue, the chip maker is raising its overall revenue outlook.
Its shares are down 1.5 percent in morning trading.
Intel Corp. said Monday it has stopped shipment of the chip, codenamed “Cougar Point” […]
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January 13, 2011
The U.S. economy ended last year on an encouraging note, with all parts of the country showing improvements flat irons. Factories produced more, shoppers spent more and companies hired more
September 25, 2010
Wyndham Exchange & Rentals, part of the Wyndham Worldwide family of companies, has agreed to buy ResortQuest for $56 million in a deal that is expected to close in the coming weeks.
In Hawaii, Wyndham Vacation Ownership, Wyndham Worldwide’s time share division, has 13 resorts.
With the ResortQuest purchase announced Friday, Wyndham Worldwide (NYSE: WYN) is expected […]
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July 25, 2010
The Dow scored another healthy gain Friday, finishing up 102 points and scoring its highest close since June 21.
In Colorado, CoBiz Financial and Chipotle, fueled by upbeat quarterly results, led actively traded gainers.
The Dow Jones Industrial Average finished the trading day at 10,424.62, up 102.32 points (0.99 percent). The Dow ended the week up nearly […]
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July 14, 2010
Rollins Inc. plans to buy New England pest control company Waltham Services Inc. for an undisclosed amount.
Atlanta-based Rollins (NYSE: ROL) said the deal will close by the end of July.
Waltham, Mass.-based Waltham Services operates in New England and New York, generating more than $17 million in annual revenue. It joins a stable of pest control […]
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June 30, 2010
Digital publishing software maker LibreDigital Inc. has acquired the Symtio e-commerce platform from a division of investor HarperCollins Publishers Inc.
Austin-based LibreDigital bought the 2-year-old Symtio— a multi-channel platform designed by HarperCollins’s Zondervan division — to enable customers to buy digital media, including electronic books, audiobooks music and video. Financial terms of the deal were not […]
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June 16, 2010
BNC Bancorp, the parent company of Bank of North Carolina, has closed on a deal to raise $35 million in new private equity, according to an announcement.
The Thomasville-based BNC said it will use the money raised from the sale of shares to support its expansion in North Carolina and in neighboring states. The bank recently […]
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May 4, 2010
Season tickets go on sale Friday for Sacramento’s new United Football League team.
The Sacramento Mountain Lions, which kick off their season in early September at Hornet Stadium, will begin selling tickets at noon on Friday at ufl-football.com/tickets. Season tickets start at $60 per person.
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April 7, 2010
Sweet Leaf Tea Co. has acquired Cincinnati competitor Tradewinds Beverage Co., officials said this morning.
The Austin-based natural tea maker said the purchase will help it expand market reach, particularly in the Midwest where Tradewinds has strong distribution channels. The acquired company was founded in 1993 and makes teas and juices kettle-brewed in Ohio. The company […]
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