Ex-Sovereign chief to land softly with $8.4M package

Joseph Campanelli stands to pocket at least $8.4 million from a golden parachute that rewards him with two years’ salary, bonus pay and an enhanced retirement plan, U.S. regulatory filings show.
The son of a Connecticut mailman who earned his way through college framing houses, Campanelli ran the bank for about two years. His last full day on the job was on one of the worst for both Wall Street and Sovereign investors. On that day, Sept. 29, Read the rest of this entry »

March 31, 2008 | , , , , ,
| No Comments »

Ivy Funds Variable Insurance Portfolios Now Available Within Ohio …

Tracing its corporate origins to 1909, Ohio National today markets its
insurance and financial products through more than 30,000 representatives in
47 states, the District of Columbia, and Puerto Rico. Products are issued by
The Ohio National Life Insurance Company and Ohio National Life Assurance
Corporation. Issuers are not authorized to do business and products not
distributed in AK, HI or NY. Ohio National also distributes variable annuities
in Read the rest of this entry »

March 31, 2008 | , , , , , ,
| No Comments »

Dollar `Bear Market Is Over,' Sell Euro, UK Pound, RBS Says

Dollar `Bear Market Is Over,' Sell Euro, U.K. Pound, RBS Says
Oct. 10 (Bloomberg) -- Investors should buy the
while
selling the euro and the pound because interest rates in Europe
and the U.K. will fall faster than in the U.S., according to Royal
Bank of Scotland Group Plc.
The dollar will strengthen to $1.25 per euro and $1.58 per
pound by the end of next year,
, head of currency
research in London at the bank, wrote in an investor report. Read the rest of this entry »

March 31, 2008 | , , , , , , ,
| No Comments »

Biden’s Son Quits Lobbying Business

reports on lobbying.
, the lobbyist son of
, has quit the business. In a
, Biden told Congress that “I no longer expect to act as a federal lobbyist.” The letter states that his law and lobbying firm would file a formal termination report shortly. Biden signed the letter Aug. 25, two days after his father was tapped to join
’s presidential ticket.
Hunter Biden was a partner with Oldaker, Biden and Belair where he was registered to lobby Read the rest of this entry »

March 31, 2008 | , , ,
| No Comments »

Market volatility explained

SAN FRANCISCO (Fortune) -- Let's see, on Monday the Dow was down almost 700 points. Tuesday, it was up 270 and Wednesday up another 172 points. Will the rest of the trading week end higher? Or finish with a nausea-inducing slide?
In some respects, neither will be a surprise. The wild gyrations of the stock market, whether up or down, are written off to "volatility." It's a characteristic of today's equities markets to which we have become accustomed Read the rest of this entry »

March 31, 2008 | , ,
| No Comments »

BT to cut 6000 more jobs, 2Q net profit rises

BT to cut 6,000 more jobs, 2Q net profit rises
LONDON (AP) — BT Group PLC, Britain's largest phone company, on Thursday reported quarterly earnings rose 18 percent but said it would slash 6,000 more jobs by March to keep costs down and maintain its profits.
Shares surged nearly 9 percent on the news.
The company said profits rose because last year's earnings were artificially weighed by a large one-time restructuring cost, so the job Read the rest of this entry »

March 31, 2008 | , , , ,
| No Comments »

Money fund assets fell $2.96B in latest week

Money fund assets fell $2.96B in latest week
Total money market mutual fund assets fell by $2.96 billion to $3.775 trillion for the week, the Investment Company Institute said Thursday.
Assets of the nation's retail money market mutual funds rose by $1.57 billion in the latest week to $1.284 trillion.
Assets of taxable money market funds in the retail category rose by $2.08 billion to $985.75 billion for the week ended Wednesday, the Washington-based Read the rest of this entry »

March 31, 2008 | , , , , ,
| No Comments »

Effective cyber laws needed to aid e-commerce

January 5, 2009:
E-commerce has greatly enhanced global trade and international business by increasing supplier’s responsiveness and efficiency. E-commerce has played a major role in bridging geographical and time barriers to trade.
Thanks to the Internet and e-commerce, customers across a supply chain can now gain information about a supplier’s products and services, they can place orders, they can track orders as is the case with Read the rest of this entry »

March 31, 2008 | , , , ,
| No Comments »

Who'll profit when economy snaps back

NEW YORK - Economic cycles are Darwinian, picking off weak companies and leaving survivors stronger.
A year into the recession, solid retailers have their pick of mall space. Respected banks are getting an influx of deposits. Tech companies with money to spend are having an easier time hiring.
It has been a year of brutal losses. More than 1.2 million jobs have vanished. The broadest measure of the stock market, the Wilshire 5000, is down more Read the rest of this entry »

March 31, 2008 | , , , ,
| No Comments »

Chautauqua County Chamber Of Commerce

Last chance to register for the Chamber's Annual Meeting taking place Friday. The Annual Meeting will be held at the Clarion Hotel & Conference Center 30 Lake Shore Drive East in Dunkirk. Registration begins at 8 a.m. followed by breakfast and meeting at 8:30 a.m.
The Chautauqua County Chamber of Commerce will welcome Jeffrey Corcoran, director of the SUNY Fredonia incubator, as the featured guest speaker.
Corcoran recently joined the Research Read the rest of this entry »

March 31, 2008 | , , ,
| No Comments »

« Previous Entries

© 2009 - Business Development Center