Business and Finance news

Jeans giant Levi Strauss & Co. launched a new brand of denim today aimed at conquering the fast-growing Asian consumer market.
The new brand - called Denizen - is headquartered in Hong Kong and will be sold in China, South Korea and Singapore. The company plans to open about 50 stores featuring Denizen jeans, tops […]

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Mayo Clinic is getting $43 million from a deceased benefactor, with a portion of those proceeds going toward the development of a new education conference center on Mayo’s Phoenix campus.
The late Juanita Kious Waugh of Brookston, Ind., and her parents were patients of Mayo Clinic for more than 60 years. She died the day before […]

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Editor’s note: Each day, we will share several items from the People on the Move section we publish each Friday in our print edition. The full list is available only to Triangle Business Journal subscribers. If you are not a subscriber but would like earlier access to the People on the Move section, you can […]

Fans of the St. Louis Cardinals came in No. 10 in a new ranking by Forbes magazine of America’s Best Sports Fans.
The magazine touted St. Louis as a “great baseball town,” with fans in red packing the stand for every home game. The publication also said fans “had a hard time swallowing one-time legend Mark […]

On a wind-beaten drilling rig a few miles off Louisiana’s coast, things are getting dicey.
"We have real rough conditions this morning," rig boss Greg Bramlett — aka Mountain Man — tells his crew during a shift change. "Seas are running eight to 10 foot swells."
With Hurricane Alex churning up the Gulf of Mexico, Bramlett […]

Immunome said Monday it has completed a financing that included investments from BioAdvance, operator of the Biotechnology Greenhouse of Southeastern Pennsylvania, and undisclosed private investors.
The amount of money raised by the Wynnewood, Pa., biopharmaceutical company was not disclosed.
Immunome is a discovery-stage antibody company focused on developing new treatments for life-threatening infectious diseases.
“This financing will enable […]

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 […]

The Missouri Supreme Court has thrown out $125,000 in damages awarded to a former employee of Pepose Vision Institute of Chesterfield because a juror made anti-Semitic comments.
The high court’s decision requires a trial judge to examine allegations of prejudicial remarks made by one or more jury members and, upon finding said allegations to be true, […]

Regulators shuttered six banks on Friday, notching up 15 failed banks in the first month of in 2010.
The biggest to fall was First Regional Bank in Los Angeles, which had deposits of $1.87 billion. The others were Community Bank and Trust in Cornelia, Ga.; Florida Community Bank in Immokalee, Fla.; First National Bank of […]

Pushed by growing anger among Americans over the slow economic recovery, "jobs" has become the buzzword of the political season.
President Barack Obama mentioned it almost 20 times during his first State of the Union speech. Republican and Democrat leaders vow that job creation will drive their agendas as they push toward the midterm […]