Charlotte banks eye job cuts (News 14 Carolina)
Capital Capital is the money which gives the business the power to buy goods to be used in the production of other goods or the offering of a service.
Charlotte banks eye job cuts (News 14 Carolina)
CHARLOTTE -- Major job cuts could soon be coming to two of Charlotte’s largest companies, as the Wachovia Corporation plans to cut several hundred jobs, and, according to financial advisors, Bank of America will follow suit.
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Real Estate and Development (In Business Las Vegas)
An executive vice president of Countrywide Home Loans said government regulation isn't the answer to the credit crunch that grew out of rising foreclosures and problems within the housing industry but suggested government is a big part of the solution.
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SEC probes Countrywide CEO Mozilo's stock sales (Pioneer Press)
The Securities and Exchange Commission is examining stock sales of the chief executive of Countrywide Financial Corp., the nation's largest mortgage lender, a person familiar with the matter said Wednesday. The informal SEC inquiry of stock sales by CEO Angelo Mozilo has been under way for a while, the person said, speaking on condition of anonymity because the probe has not been made public. ...
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AEDC honors economic contributors (Allen American Star)
The mood was festive at the Allen Economic Development Corporation’s (AEDC) Millennium Business Awards as the community celebrated the tremendous upswing in development activity in the past year.
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The Mother of All Bailout Funds (BusinessWeek)
Prodded by Treasury Secretary Henry Paulson, the top three U.S. banks—Citigroup ( C ), Bank of America ( BAC ), and JPMorgan Chase ( JPM )—on Oct. 15 set up an $80 billion entity that will serve as a buyer of last resort for some 30 "structured investment vehicles," or SIVs.
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Corporate report (Sarasota Herald-Tribune)
Colonial BancGroup Inc. -- The bank reported third-quarter income of $69.4 million, or 45 cents per share, compared with profit of $68 million, or 44 cents per share, in the 2006 quarter. The company's shares were selling for $19.95 at the end of regular trading Wednesday, down 37 cents.
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Seligman LaSalle International Real Estate Fund (NYSE: SLS) to Repurchase Shares (PR Newswire via Yahoo! Finance)
Seligman LaSalle International Real Estate Fund announced that it intends to begin open market purchases of its common stock, provided that such shares are trading at a discount to their net asset value.
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Manufacturing jobs keep disappearing from state (The Greenville News)
Auto, rubber sectors -- like textiles, apparel -- have fewer workers today than last year
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Business Glance (The Salt Lake Tribune)
Economy Fed report shows slower growth, uneven spending The economy logged slower growth in the early fall as troubles in the housing and credit markets weighed on companies and individuals alike, the Federal Reserve
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Fed's Beige Book Says Growth Slowed Since August (Update2) (Bloomberg.com)
Oct. 17 (Bloomberg) -- The Federal Reserve said economic growth slowed since August in five of 12 regions, as consumer spending, manufacturing and service industries weakened.
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Charlotte banks eye job cuts (News 14 Carolina)
Working capital This is money which is used to buy stock, pay expenses and finance credit.
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