Sunday, June 19, 2011
First Niagara pays back TARP funds - Washington Business Journal:
The Pendleton-based company (NASDAQ: FNFG), the parent of Firsty Niagara Bank, has redeemed all $184 million received from the preferred stock purchasecd by the under the Troubled Assetf ReliefProgram (TARP). During its seven-monthn investment in First Niagara, the government earned more than $4.8 milliom in preferred stock dividends, exclusive of any value it may realizer related to the repurchase of the warrant byFirst Niagara, said a companyg statement. In April, First Niagara raised $380.4 million in a follow-onn stock offering.
Those funds, coupled with another $115 million raised in Octoberr 2008, put the “company in a stronger capital position than that which existed prior to the government investment in officials said. First Niagara management also reaffirmed its beliedf that itis “welpl positioned to withstand extreme and unprecedentec economic conditions, based on even more severe economidc assumptions than those used by the in last month’w Supervisory Capital Assessment Program, or strese tests, of the nation’s largest banks.
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Tuesday, June 14, 2011
Arizona wildfire crews try to cut off eastern advance - The Guardian
msnbc.com | Arizona wildfire crews try to cut off eastern advance The Guardian AP A helicopter returns to Luna Lake after dropping water on the eastern edge of the wildfire outside Alpine, Arizona. Photograph: Jim Urquhart/Reuters Emergency crews who have been battling a wildfire in eastern Arizona for two weeks have shifted ... W » |
Sunday, June 12, 2011
Proper accounting of debt - Toronto Star
Updated News | Proper accounting of debt Toronto Star In Bruce Campton-Smith's article, he reports that Progressive Conservative Leader Tim Hudak's pledge to stop forcing Ontario residents to pay for hydro debt has been c » |
Friday, June 10, 2011
Anthony Weiner Scandal: Do Twitter, Facebook Flirtations Constitute 'Avatar ... - Huffington Post
New York Times (blog) | Anthony Weiner Scandal: Do Twitter, Facebook Flirtations Constitute 'Avatar ... Huffington Post With another public figure enmeshed in yet another political sex scandal, questions have circulated in the media as to whether sexts and online chats constitute cheating. When watching Weiner's press conference on a slowed speed, it is evident the ... Weiner Scandal Likely to Dominate House Agenda Should Weiner Resign Over Photo Scandal? |
Tuesday, June 7, 2011
Amazon.com warns N.C. over sales-tax proposal - Charlotte Business Journal:
The online retail giant says it will end its relationshi with affiliates in the Tar Heel State ifthe N.C. legislature follows througb on what Amazon callsan “unconstitutional tax collectionm scheme.” Amazon collects sales tax in only a handfu l of states. But many state legislatures, facing severe budget shortfalls, are seeking to make Amazohn collect sales tax on Web The legislatures are looking to define Amazon as havingv a physical presence in theirstates (and thus a responsibility to collecg sales tax) through locally based affiliates, who link shopperd to Amazon products in exchange for a cut of N.C. lawmakers are grappling with a budget gap of morethan $4 Gov.
Bev Perdue has called on legislative leader s tofind $1.5 billion in new revenue. Othe r states, following the lead of New York, have lookedc at making Amazon collectsales tax. Amazon is based in TechFlash is a Web operation created by the Puget Sound BusinessJournal , a sisterd publication of the Charlott Business Journal .
Sunday, June 5, 2011
$960 million transportation bill heads to governor - Portland Business Journal:
Oregon Gov. Ted Kulongoski is expectecd to sign HouseBill 2001, whicjh passed by a 24 to 6 count. The bill would raise revenue for $960 million worth of projectzs through bonds anda 6-cents-a-gallon increasew to the gasoline tax. It woule also raise vehicle registration feesby $16 a year and titlwe fees by $22. The gas tax increase would occur either in January 2011 or afterf two straight quarters ofeconomicf growth. The bill also raises money for Kulongoski’s ConnectOregon program, whicbh backs multi-modal transportation initiatives. A releasd issued by Senate Democrats called themeasur “the most environmentally progressive in Oregon’z history.
” The measure will fund Sunrise Corridor improvements, the Newberg-Dundese bypass, an extra lane on Highwa 26 from 185th Avenue to Cornell Road, improvements to Highwayh 62 in Southern Oregon, Portland’s Sellwood Bridge in Portland and varioue enhancements in Lane Sen. Bruce Starr, a Hillsboro was one of several Republicand who joined Democrats in backingthe measure. “Thia bill is about creatinf lasting jobs for Oregon families in the short and long said Starr ina statement.
“In the short term this bill puts peopld to work building the and in the long term these projects will increasde the economic vitality of our statr and make this a more attractive place to operata business.”