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Business and Financial
Dec 21, 2010
The following is a summary only. Two years ago, the federal government assumed control of the ailing Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac), two institutions that facilitate the flow of funding for…
Dec 20, 2010
WASHINGTON - The U.S. Government Accountability Office (GAO) cannot render an opinion on the 2010 consolidated financial statements of the federal government, because of widespread material internal control weaknesses, significant uncertainties, and other limitations. Even though significant progress has been…
Dec 15, 2010
WASHINGTON & CHARLESTON, W.Va.--(BUSINESS WIRE)-- United Bankshares, Inc. (UnitedÂÂÂ) (NASDAQ: UBSI) Chairman and Chief Executive Officer, Richard M. Adams, announced the signing of a definitive merger agreement with Centra Financial Holdings, Inc. (CentraÂÂÂ). The acquisition of Centra will afford United…
Dec 15, 2010
CUPERTINO, California Apple® announced that the Mac® App Store℠ will open for business on Thursday, January 6. By bringing the revolutionary App Store experience to Mac OS® X, the Mac App Store makes discovering, installing and updating Mac apps easier…
Dec 14, 2010
Dividend of $0.16 per share payable in March. REDMOND, Wash. Microsoft Corp. today announced that its board of directors declared a quarterly dividend of $0.16 per share. The dividend is payable March 10, 2011 to shareholders of record on February…
Dec 13, 2010
The past few years have seen a sharp rise in the debt of the federal government. At the end of fiscal year 2008, debt held by the public amounted to $5.8 trillion--equal to 40 percent of the nation's annual economic…
Dec 8, 2010
NEW YORK, N.Y. -- The National Association for Stock Car Auto Racing (NASCAR) and Molson Coors Canada, a division of MolsonCoors, today announced a partnership in Canada in which the Keystone Light brand will become the Official Beer of NASCAR…
Nov 16, 2010
Sunnyslope Village Center in north Phoenix was recently purchased by Whitestone REIT for $6.4 million. The center is located on the southeast corner of Central and Dunlap avenues and it accommodates approximately 112,000 square feet of retail space. The property…
Oct 6, 2010
Washington, D.C. The Securities and Exchange Commission charged a Chicago-area company and its owner for perpetrating a Ponzi scheme in which they promised investors extraordinary returns generated from a purportedly successful real estate business. The SEC alleges that Robert R.…
Oct 6, 2010
Washington, D.C. More than a dozen penny stock promoters and their companies have been charged with securities fraud for their roles in various illicit kickback schemes to manipulate the volume and price of microcap stocks and illegally generate stock sales.…
Sep 23, 2010
PHOENIX The Arizona Department of Housing has announced that it has launched the new Save My Home AZ program, designed to assist homeowners facing foreclosure. The primary component of the program is a principle reduction that will bring the current…
Sep 12, 2010
MIAMI - Traditionally considered a curse for a nationËœs development, commodity wealth in Latin America and the Caribbean (LAC) couldon the contraryrepresent a foundation for prosperity, according to a new report released today by the World Bank. The increased demand…