Business and Finance news

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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Thursday’s $100 million settlement between Dell and the Securities and Exchange Commission was a reminder that the government is going after tech’s bad boys — and Intel is likely next on the feds’ list.
According to the SEC’s complaint against Dell, Intel paid the computer maker rebates as part of a deal in which Dell […]

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 […]

Hawaii’s hotel occupancy rates grew 10.9 percentage points last week compared to the same week a year ago, according to an industry report out Friday.
The Hawaii Hotel Industry Snapshot, conducted by Smith Travel Research and Honolulu-based Hospitality Advisors, showed that hotel occupancy for the week ending July 10 was 79.4 percent, up from 68.5 percent […]

Once upon a time, there was job security in a government job.
That’s no longer the case. The layoff ax has hit public sector payrolls with force as states wrestle with massive budget shortfalls. Since August 2008, some 231,000 state and local government jobs have disappeared — 22,000 last month alone, according to federal data. […]

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 […]

The federal government unveiled details this week about how people up to age 26 can get covered by their parents’ health insurance policies, as part of the health care reform law.
Consumers now have details about how one of the law’s most-buzzed about provisions will actually work — and how much it will cost them.
Expanding […]

Comcast Corp. launched its high-speed wireless data service in Houston this week, adding its name to the growing list of local competitors in the wireless data market.
In late March, Kirkland, Wash.-based Clearwire Communications LLC expanded into the Houston area with its mobile Internet service. Sprint launched its 4G wireless service in March as well.
Comcast’s “High-Speed […]

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 […]

Hawaii Medical Assurance Association on Thursday closed its deal to buy the fully insured health insurance membership of Summerlin Life and Health Insurance Hawaii.
The deal, first announced in February and recently approved by the state Insurance Division, makes HMAA the state’s second-largest preferred-provider health insurer with more than 46,000 members, after the addition of Summerlin’s […]