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Thursday October 16th 2008

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.

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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.

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Buffalo Business First

Preview
NCCC, hotel keep talking
Lease negotiations are ongoing between the Crowne Plaza Hotel in Niagara Falls and Niagara County Community College, which wants to rent space from the hotel to open a restaurant and demonstration kitchen, an NCCC official said Thursday.
Flaws fixed, wireless contractor tells NY
The Massachusetts company behind an embattled, $2 billion project to create a statewide wireless network has told the state that previous flaws have been fixed and the system is ready for testing. (TEL) (MOT)
Holy Angels makeover complete
The former gymnasium at Holy Angels Academy in Buffalo has been transformed into a new library, digital media center and 110-seat theater.
Niagara tourism group turns to Ontario
The Niagara Tourism and Convention Corp. is looking across the Rainbow Bridge for a fall marketing campaign.
Buffalo: More jobs, higher unemployment
There was more job growth in the Buffalo/Niagara Falls area last month but any increase did not include the private sector.

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Birmingham Business Journal

Preview
Space Vector nets $4.9 million contract
Space Vector Corp., a subsidiary of Alabama Aircraft Industries Inc., has been awarded a $4.9 million two-year contract to develop and produce tracking units for space rockets.
BB&T Corp. earnings down 20 percent
North Carolina’s BB&T Corp. reported a 20 percent decline in earnings in the third quarter of 2008. (BBT)
Regions recruits commercial real estate VP from BOA
Regions Financial Corp. has hired former Bank of America executive Rex Bradley as its new executive vice president of Commercial Real Estate.
Southwest posts 3Q loss on fuel hedges
The fuel hedges that have made Southwest Airlines the most financially successful carrier in the past year drove the company to a loss in the third quarter, the company said Thursday. (LUV)
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.

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Baltimore Business Journal

Preview
Senator namedrops Joe the Plumber at banking hearing
Joe the Plumber, the star of Wednesday night’s presidential debate, appeared at a Senate hearing Thursday.
CSC wins $88M from Army
CSC has won a task order with an estimated total value of $88 million to provide systems engineering and integration services to the Army’s Future Battle Command program. (CSC)
Rockville science center gets $29M investment
Montgomery College got $29 million from Maryland to build a Rockville science center.
Tourism marketing efforts in Maryland endure setback with funding cuts
Cuts in tourism funding will put the state back at least 10 years in its spending level and be “devastating” to its efforts in luring visitors.
Practice Management Partners Inc. being acquired by Pa. firm
Baltimore-based Practice Management Partners Inc., a billing and service company for health care providers, said Thursday it was being acquired by NextGen Healthcare Information Systems Inc. (QSII)

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Austin Business Journal

Preview
AMD narrows Q3 loss to $67 million
Advanced Micro Devices Inc. on Thursday reported a third quarter loss of $67 million, or 11 cents a share, compared with a loss in the same quarter last year of $396 million, or 71 cents a share.
Zimmer Holdings finalizes purchase of Abbott Spine
Zimmer Holdings Inc.’s $360 million purchase of Abbott Spine is complete. (ZMH)
Door No. 3 writer wins Dead Radio contest with Southwest spot
Southwest Airlines might want to take a second look at a radio spot it nixed from Austin public relations agency Door Number 3.
Temple-Inland shares fall 18%
Shares of corrugated packaging and building products company Temple-Inland Inc. dropped more than 18 percent on Thursday as it suffered the effects of an apparent failed price hike in the containerboard industry.
Forbes ranks Austin best city for the value
When it comes to getting the most for your money, Texas appears to have a lock on the country.

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Atlanta Business Chronicle

Preview
McCain compares Obama’s tax plans to Hoover
Sen. John McCain compared Democratic presidential rival Barack Obama’s tax and trade stances to those of Herbert Hoover in their third and final debate Wednesday night warning they could exacerbate an already rough economy.
Social Security benefits to jump $750 in 2009
The average retiree will have about $750 more coming to them next year thanks to a rise in Social Security benefits.
Coca-Cola adds Lagomasino to board
The Coca-Cola Co.’s board of directors has added GenSpring Family Offices CEO Maria Elena Lagomasino as a member. (KO)
Tom Daschle speaks on economy and election
Upon being defeated for re-election to his U.S. Senate seat from South Dakota in 2004, Tom Daschle was recruited by his former Senate rival Bob Dole to work out of the Washington, D.C., office of Alston & Bird as a special policy advisor. Daschle spent 10 years in the Senate as the Democratic Party. […]
Ashton Woods expects up to $18M loss
Atlanta-based home builder Ashton Woods USA LLC cannot file its most recent quarterly financial report to the federal government on time, but it expects a loss of between $13 million and $18 million for the period, the company said in a Securities and Exchange filing.

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New Mexico Business Weekly

Preview
Electric co-op offers bulb recycling
The Rio Grande Electric Cooperative is partnering with the U.S. Environmental Protection Agency to reduce pollution from compact fluorescent light bulbs.
UNM School of Medicine receives award
The University of New Mexico School of Medicine has been named the recipient of the 2008 Spencer Foreman Award for outstanding community service by the Association of American Medical Colleges (AAMC).
NE Heights salon/spa changes hands
Cynthia Leonard a veteran Albuquerque business owner, has acquired Cabo Sunrise Salon & Spa at 7849 Tramway in the Northeast Heights.
SAG event will feature Breaking Bad cast
The cast of the popular television program, “Breaking Bad,” will host a public event to talk about their experiences in the industry and filming in New Mexico.
UNM offers lectures on economic crisis
The University of New Mexico’s International Study Institute will present a series of free public lectures on global instability and the current financial crisis from Monday through Thursday, Oct. 20-23, at the UNM campus.

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The Business Review

Preview
Pharmacy college changing name
Albany College of Pharmacy will add more health, biotechnology and clinical programs to broaden its image to more than a training ground for pharmacists.
AMD's Grose: The Foundry Co. to rebrand
The person to lead The Foundry Co. says he’s excited about the project in Malta and shovels should be in the ground next spring to begin work on a new computer chip plant. (AMD)
Flaws fixed, wireless contractor tells state
The Massachusetts company behind an embattled, $2 billion project to create a statewide wireless network has told the state that previous flaws have been fixed and the system is ready for testing. (TEL) (MOT)
106-room, $10.5M TownePlace Suites opens in Albany
A 106-room TownePlace Suites by Marriott hotel has opened in Albany, N.Y.
Hobbs joins Delcath’s board
Eamonn Hobbs, president and CEO of Queensbury-based medical device maker, has been appointed to the board of directors at Delcath Systems Inc., another medical technology company. (DCTH) (ANGO)

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USA Today | Tech Headlines

Preview
Report: Arctic temperatures at record highs
Autumn temperatures in the Arctic are at record levels, the Arctic Ocean is getting warmer and less salty as sea ice melts, and ...
Treasury office faults IRS computer security
Two new IRS computer systems that will eventually cost taxpayers almost $2 billion are being put into service despite known security ...
T-Mobile's Google phone heralds Android invasion
Will the first Google phone become the apple of your eye? We'll have an inkling in six days when the much-anticipated T-Mobile ...
Hard times ahead for fancy electronics like big TVs
If you're thinking about buying that expensive big-screen TV well, that's probably about as far as you're going to get.
Google fights German legal challenge to image search
BERLIN (AP) Google has appealed two court decisions that could ban it and other search engines from operating image searches ...

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