NEWS@jcutrer.com

Thursday October 16th 2008

Phoenix Business Journal

Preview
Gallup: Obama 49 percent, McCain 47
A new Gallup Poll of likely voters has Democrat Barack Obama with a 49 percent to 47 percent lead over Arizona Sen. John McCain.
Arizona gas prices drop 15 cents
The price for unleaded gasoline in Arizona has fallen to $3.166 per gallon — a drop of 15 cents from last week and the largest single-week decline since 1999.
Arizona job losses continue
Arizona has lost 65,600 private sector jobs over the last year with 47,900 of them in the Phoenix area, according to September state employment figures.
Limelight Networks ups capacity, pushes for ‘broadcast quality’
Limelight Networks Inc. has reached a delivery capacity of 2 terabits per second, and company officials say that will further push content on the Internet to reach broadcast standards.
Dow, US Air gain as foreign markets fall
Foreign stock markets posted losses Thursday as the Dow bounced around and nipped at the 9000 mark again at the close of trading. US Airways Group Inc. made one of the day’s largest gains among Arizona stocks. (LCC)

Read…

Sacramento Business Journal

Preview
Umpqua reports higher Q3 earnings
Umpqua Holdings, the parent company of Umpqua Bank, announced third-quarter earnings Thursday that represented an increase compared to last year’s third quarter and compared to the second quarter. (UMPQ)
Airco sale delayed for 90 days
The sale of Sacramento’s Airco Mechanical Inc. to APi Group Inc. of St. Paul, Minn., has been “put on hold for 90 days,” Airco president Steve Humason said Thursday.
Social Security benefits to jump 5.8 percent in 2009
The average retiree will have about $750 more coming to them next year thanks to a rise in Social Security benefits.
Downey Savings shutting down wholesale loan department
Downey Savings and Loan, the last major holder of option adjustable-rate mortgages, will cut about 200 jobs as it shuts down its wholesale lending department and make reductions in the retail loan department, the company said Thursday. (DSL)
County revamps developer services
Sacramento County is revamping development-related services as the result of a performance audit that made 99 suggestions for improvement.

Read…

San Antonio Business Journal

Preview
Foreclosure listings are still on the rise, report shows
Delinquent payments have led to a total of 11,526 foreclosure filings so far this year in the San Antonio metro area, according to the latest analysis by Addison, Texas-based Foreclosure Listing Service Inc.
SAWS buys new fuel-management system for fleet
San Antonio Water System has approved the purchase of a new automated fuel-management system to help better manage fuel consumption for the water company’s fleet of nearly 1,100 vehicles.
MedPro cuts medical malpractice rates in Texas
Medical Protective (MedPro) has lowered its medical insurance rates by an average of 6.2 percent for physicians throughout the Texas.
Rock ‘n’ Roll marathon secures Verizon sponsorship
The Competitor Group Inc., operator of the Rock ‘n’ Roll San Antonio Marathon, says Verizon Wireless has signed an agreement to become the official wireless partner of the inaugural event. (VZ) (VOD)
Blood bank CEO to receive greater international responsibility
Dr. Norman Kalmin, president, CEO and medical director of the South Texas Blood & Tissue Center, has been elected to serve as the vice president of the International Society of Blood Transfusion through 2010.

Read…

Denver Business Journal

Preview
Mayor: DNC brought Denver $266M in economic impact
The Democratic National Convention created a regional economic benefit of $266 million in direct and indirect spending, according to an estimate report released Thursday by the office of Denver Mayor John Hickenlooper.
College funding, transportation issues among key concerns
Lack of public financial support for colleges and universities and lack of progress on transportation system improvements remain chief economic worries in the Denver Metro Chamber of Commerce’s fourth annual study of the the staet’s economic competitiveness.
Copper moves up opening to Nov. 7
Copper Mountain Resort reported Thursday that it plans to open one week earlier than planned, on Nov. 7.
Colorado stocks enjoy better day
Advances led declines Thursday among Colorado’s most heavily traded public companies, with 35 of the 50 on the list posting gains for the day.
Qwest unveils interactive kiosks
Qwest Communications International Inc. is introducing interactive kiosks in shopping centers that are designed to let consumers experience what it’s like to combine the high-speed broadband, voice service and satellite television technologies it sells. (Q)

Read…

Dayton Business Journal

Preview
Dow gains as foreign markets fall
Foreign stock markets posted losses Thursday as the Dow bounced around and nipped at the 9000 mark again at the close of trading.
Midwest CPI stable over month
The value of goods and services in the Midwest last month held steady in September from the month before, though it remains nearly 5 percent higher than a year ago, the U.S. Bureau of Labor Statistics said Thursday.
County commissioners side with payday lending reformers
All three Democratic Montgomery County Commissioners have endorsed Issue 5 and are encouraging Ohioans to vote yes for the payday lending reform. The County Commissioners Association Ohio is also asking citizens to vote yes on Issue 5.
Troy manufacturer to close, 140 to lose jobs
Dolco Packaging in Troy is packing up permanently.
Retail Group: Holiday shopping to increase at lowest pace since 2002
A national retail organization is reporting that holiday spending will be up this year, but at the lowest increase since 2002.

Read…

Dallas Business Journal

Preview
AA credit union opens new branch
The American Airlines Federal Credit Union, which provides financial services for American Airlines’ employees and retirees, is opening a new branch in Irving.
SWS Group shares exposure to Lehman’s
Financial services company SWS Group said Thursday the company expects to record a charge of $5.4 million, or 13 cents per share, in its upcoming first quarter report because of its exposure to Lehman Brothers. (SWS)
MetroPCS Communications to offer Caller ID
Wireless communications provider MetroPCS Communications Inc. has a new service allowing users to screen calls on their MetroPCS pre-paid wireless phones. (PCS)
Dallas Cowboys aim for “green” stadium
The Dallas Cowboys said Thursday “going green” is not enough. America's team wants to go a step further.
Gas prices in Dallas plummet
A new report says gas prices in Texas fell 39 cents in just the past week, with the average price per gallon in Texas hitting $2.89 per gallon, according to a AAA Texas Weekend Gas Watch report.

Read…

CNN | Criminal News

Preview
Grandma with five dead husbands freed
Read full story for latest details.
Mobster's ex tells jury about 'double life'
Read full story for latest details.
Kansas City on track for record killing season
Read full story for latest details.
Cops: Bored homeless man kills student
Read full story for latest details.
Trying Caylee's mom harder without a body
Read full story for latest details.

Read…

MarketWatch | Stocks to Watch

Preview
Stocks to Watch: Stocks in focus for Friday
Among the companies whose shares are expected to see active trade in Friday's session are Honeywell, Comerica, Schlumberger and GM.
Stocks to Watch: Stocks in focus for Thursday
Among the companies whose shares are expected to see active trade in Thursday's session are Citigroup, Merrill Lynch, Google, IBM and Nokia.
Stocks to Watch: Stocks in focus for Wednesday
Among the companies whose shares are expected to see active trade in Wednesday's session are J.P. Morgan Chase, Wells Fargo, eBay, and AMR Corp.
Stocks to Watch: Stocks in focus for Tuesday
Among the companies whose shares are expected to see active trade in Tuesday's session are Intel, PepsiCo, Johnson & Johnson and CSX.
Stocks to Watch: Stocks in focus for Monday
Among the companies whose shares are expected to see active trade in Monday's session are Fastenal Co., Wachovia Corp. and Wells Fargo & Co.

Read…

MarketWatch | Breaking News Bulletins

Preview
GM, Chrysler merger talks picking up pace: WSJ
GM, Chrysler merger talks picking up pace: WSJ
Dow closes 400 points higher, trading in an 800-point range during session
Dow closes 400 points higher, trading in an 800-point range during session
Google shares rise 11% after search giant reports higher profit than expected
Google shares rise 11% after search giant reports higher profit than expected
Dow industrials up more than 300 points; major indexes rise 4%
Dow industrials up more than 300 points; major indexes rise 4%
Dow industrials up 200 points in final hour of trading
Dow industrials up 200 points in final hour of trading

Read…

MarketWatch | MarketPulse

Preview
Tokyo stocks rebound on financials, exporters
HONG KONG (MarketWatch) -- Japanese indexes rebounded early Friday, with financials and shipping shares advancing after U.S. stocks ended sharply higher overnight, while exporters such as Honda Motor Co. were also aided by a weakened yen. The Nikkei 225 Average rose 3.6% to 8,763.71 a day after it t. […]
GM, Chrysler merger talks picking up pace: WSJ
SAN FRANCISCO (MarketWatch) -- Merger discussions between General Motors Corp. and Chrysler LLC are picking up pace as the two sides are seeing strong support from banks and other potential lenders that are eager to see a deal done, The Wall Street Journal reported Thursday in its online edition. GM. […]
Stock fund selling pressure eases, but bond funds hit hard
SAN FRANCISCO (MarketWatch)-- Mutual-fund investors pulled an estimated $13.9 billion from U.S. and international stock funds in the week through Oct. 15, or only about one-third of the $43.3 billion exodus in the prior week, TrimTabs Investment Research reported Thursday. Still, outflows from U.S.. […]
Leggett & Platt profit falls by half, trims outlook
SAN FRANCISCO (MarketWatch) -- Leggett & Platt Inc. reported late Thursday third-quarter net income of $32.7 million, or 20 cents a share, down from $65.7 million, or 37 cents, a year ago. Excluding one-time items, the company earned 34 cents a share from continuing operations. Revenue for the quart. […]
Texas Instruments board hikes quarterly dividend to 11 cents
SAN FRANCISCO (MarketWatch) -- Texas Instruments Inc.'s board on Thursday declared a quarterly dividend of 11 cents, up from 10 cents in the previous quarter. The dividend will be paid Nov. 17 to stockholders of record on Oct. 31. Market Pulse Stories are Rapid-fire, short news bursts on stocks and. […]

Read…

Next »

Copyright jcutrer.com