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Business
Business News Sponsored by Gateway Press. |
| Announcements |
The Economic Outlook and Monetary Policy ~By Chairman Ben S. Bernanke |
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Posted by: thepinetree on 08/27/2010 08:26 AM
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| Jackson Hole, WY...The annual meeting at Jackson Hole always provides a valuable opportunity to reflect on the economic and financial developments of the preceding year, and recently we have had a great deal on which to reflect. A year ago, in my remarks to this conference, I reviewed the response of the global policy community to the financial crisis.1 On the whole, when the eruption of the Panic of 2008 threatened the very foundations of the global economy, the world rose to the challenge, with a remarkable degree of international cooperation,... |
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Weekly Market Update Week of August 23, 2010. ~By Donna Stevenson, Pacific West Financial |
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Posted by: thepinetree on 08/27/2010 08:57 AM
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Copperopolis, CA...THE MARKETS: Stocks faced another choppy week as concerns surrounding employment and slow economic growth combined with low trading volume to send indexes lower. For the week, the Dow shed 0.9% and the S&P 500 slid 0.7%. The Nasdaq managed a scant 0.3% gain. Even as a stellar earnings season draws to a close, strong corporate balance sheets haven’t been enough to bolster the faltering optimism of investors. Of the 484 companies in the S&P 500 that have reported so far, 75% have beat expectations according to Thompson Reuters (compared with a quarterly average of 62%). Despite this silver lining, the S&P 500 has lost about 0.1% since the beginning of earnings season on July 12th....
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We Mean Business!! The Calaveras Vistors Bureau is Moving the Economy Forward...Join Today! |
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Posted by: thepinetree on 08/25/2010 10:51 AM
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Angels Camp, CA...We Mean Business! Tourism has become the driving force behind the Calaveras County Economy with $155.4 million in Annual Travel Spending by Visitors to Calaveras County and $5.8 million generated in Tax Receipts. Visitors now help sustain over 2,250 Travel Industry Jobs*. The Calaveras Visitors Bureau is proud to be the voice for Calaveras County’s travel industry. Partner with us and join our voice and vision!...
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Calaveras Visitors Bureau Annual Dinner Wednesday September 15th! |
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Posted by: thepinetree on 08/23/2010 06:15 PM
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Angels Camp, CA...HELLO CVB MEMBERS & FRIENDS,THE CALAVERAS VISITORS BUREAU ANNUAL DINNER has been set for Wednesday, September 15th and will be held at the beautiful Event Center at La Contenta Golf Course. Arrival and Social Time is 5:30pm with Dinner and Program beginning at 6pm. Cost is $25/person. Learn about the latest tourism trends, hear about our plans for the future and meet your CVB Board of Directors and Staff! Please RSVP by Friday, September 10th...
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Rabobank, National Association, El Centro, California, Acquires All the Deposits of Pacific State Bank |
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Posted by: thepinetree on 08/21/2010 09:50 AM
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| Washington, DC...Butte Community Bank, Chico, California, and Pacific State Bank, Stockton, California, were closed today by the California Department of Financial Institutions, which then appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for the two banks. To protect depositors, the FDIC entered into purchase and assumption agreements with Rabobank, National Association, El Centro, California, to assume all the deposits and essentially all the assets of the two failed banks, which were not affiliated with one another.... |
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Rabobank Welcomes Pacific State Bank Customers |
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Posted by: Kim_Hamilton on 08/21/2010 10:31 AM
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| Rabobank, N.A. is a California community bank offering full retail, commercial and agricultural banking services from 120 branches in the Central Valley, the Wine Country, Central Coast, Coachella Valley and Imperial Valley. Rabobank, N.A. is part of the Rabobank Group, one of the world's safest banks with a triple A credit rating from both Standard & Poor's and Moody's Investors Service, the world's premier ratings agencies... |
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Sierra Pacific Industries to Close its Loyalton, CA Power Plant |
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Posted by: thepinetree on 08/20/2010 03:23 PM
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Anderson, CA – Sierra Pacific Industries (SPI) today announced that it has sent a notice to NV Energy in Nevada stating that SPI will suspend operations at its Loyalton, CA power plant immediately. The plant’s fifteen power plant operators who will be directly affected by this announcement were notified today...
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Weekly Market Update Week of August 16, 2010 From Donna Stevenson of Pacific West Financial |
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Posted by: thepinetree on 08/19/2010 11:06 AM
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Copperopolis, CA...After slight gains on Monday, all three major indexes – the Dow, the S&P 500, and the Nasdaq – closed lower every day from Tuesday through Friday amidst weak economic data and disappointing earnings results. Equities also faced pressure from the Federal Reserve’s warning that the recovery is weakening. In a statement made Tuesday, the Fed admitted that “The pace of recovery in output and employment has slowed in recent months." It also added that while it still expects the economy to grow, the improvement will be "more modest in the near term than had been anticipated." This outlook was among the most pessimistic to come from the Fed in over a year, and it seems to have cast a cloud over stock performance. For the week, the Dow lost 3.3%, the S&P dropped 3.8%, and the Nasdaq slid 5%.
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It's Time to Mingle Til' You Tingle on Thursday Eve at NEXT of Murphys |
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Posted by: Kim_Hamilton on 08/18/2010 03:35 PM
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Come join the Calaveras County Chamber of Commerce for their the premier network event for business people in Calaveras County Held at NEXT! They are located at 220 Big Trees Road in Murphys on Thursday, August 26, 2010 from 5:30 pm - 7:00 pm. Delicious Appetizers and local Wines will be served. Don't miss out on the BEST Networking Opportunity in Calaveras County. For More Information call The Calaveras Chamber of Commerce at (209) 736-2580.
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GM Files Registration Statement with United States Securities and Exchange Commission for Proposed Initial Public Offering |
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Posted by: thepinetree on 08/18/2010 11:15 PM
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| DETROIT – General Motors Company today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering consisting of common stock to be sold by certain of its stockholders and the issuance by the company of its Series B mandatory convertible junior preferred stock.... |
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