Business and Finance news

Closed signs went up at California agencies Friday as a second slew of mandatory furloughs went into effect for government employees in an effort to resolve California’s $19 billion budget deficit.
Gov. Arnold Schwarzenegger, according to the governor’s office, ordered state workers to take three unpaid days off per month until a new budget is […]

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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 […]

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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 […]

Tampa Mayor Pam Iorio and former U. S. Congressman Jim Davis will discuss transportation initiatives for the University of South Florida area July 14 as part of wider campaign to improve Tampa Bay-area transit.
The “University Area Transportation Summit” is free and open to the public, but expected to draw heavily from the university, Temple Terrace […]

This is a weekly roundup of promotions, appointments and employee accomplishments in the Birmingham metro area. For more People on the Move, check out the Birmingham Business Journal’s print edition each week. Send announcements to ccrawford@bizjournals.com.
ACCOUNTING
Kyle Melvin of Pearce Bevill Leesburg Moore PC of Birmingham has completed the Certified Public Accountant examination.
GOVERNMENT
The Alabama Department of […]

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 […]

The Justice Department on Thursday trumpeted its efforts to crack down on mortgage fraud, saying it launched an interagency plan to detect costly scams.
Attorney General Eric Holder, FBI Director Robert Mueller and Housing and Urban Development Inspector General Kenneth Donohue held a news conference in Washington to introduce "Operation Stolen Dreams," a three-month-long "takedown" […]

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 […]

St. Louis — Several dozen employees of the soon-to-close President Casino rallied outside the riverboat Friday, asking for the right to new jobs at other local casinos owned by the same company.
About 220 people will be laid off when Pinnacle Entertainment closes the President next month. The company originally said there would be […]

We’re with R.E.M. when it comes to the end of the Federal Reserve’s quantitative easing program: "It’s the end of the world as we know it (and we feel fine)." Michael Stipe isn’t known for his musings on monetary policy, but it’s a good metaphor — for now.
The unprecedented program, which in late […]