First United Bank of Crete, Illinois becomes the 43rd U.S. bank failure this year. Old Plank Trail Community Bank of New Lenox, Illinois will purchase the $328.4M in assets and assume all the $316.9M in deposits. The cost to its FDIC deposit-insurance fund: $48.6M.
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Category : World News
Will Assume CFO Responsibilities on November 15th 2012
The rest is here: Esa Ikaheimonen Joins Transocean Ltd.
Category : Stocks
Best Buy’s (BBY) new CEO is Hubert Joly, who stepped down from that job at Carlson (parent of T.G.I. Friday’s and Radisson) today to assume the new post. With a turnaround reputation, Joly will need to manage the ongoing dealings with BBY founder Richard Schulze, who’s trying to take the company private.
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Category : Stocks, World News
Credit Suisse (CS) aims to strengthen its capital base via its earnings and has no plans to issue new shares, CEO Brady Dougan tells the SonntagsZeitung paper. “We assume that we will generate enough profit in the coming quarters to create extra equity capital,” says Dougan, who was reacting to SNB comments that sent its shares spiraling on Thursday.
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Category : World News
Security Bank N.A. of North Lauderdale, Florida becomes the 23rd U.S. bank failure of the year. Banesco USA of Coral Gables will buy the bank’s $101M in assets and assume its $99.1M in deposits. The cost to the FDIC: $10.8M.
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Go here to read the rest: Security Bank N.A. of North Lauderdale, Florida becomes the 23rd U.S. bank failure of the year. Banesco USA of Coral Gables will buy the bank’s $101M in assets and assume its $99.1M in deposits. The cost to the FDIC: $10.8M.
Category : World News
Fort Lee Federal Savings Bank of Fort Lee, New Jersey becomes the years 17th bank failure. Alma Bank of Astoria, N.Y., will assume the bank’s $51M in deposits, and buy $16M of the bank’s $52M in assets. The failure will cost the FDIC’s deposit-insurance fund $14M, and is New Jersey’s first bank failure of the year.
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Category : Stocks
NEW YORK (TheStreet) — We’ve all seen Google’s April 4 video, posted on Google+, depicting some of the potential uses for the Google eyeglasses that are in development.
Google employees received some form of demo in conjunction with this video.
The potential uses for augmented-reality eyeglasses are almost endless. Some of them are depicted in the video, and they are all praiseworthy. One can assume that our military already is using glasses with some of these capabilities, presumably at an astronomical cost that is still well worth it.
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Click to view a price quote on GOOG.
Click to research the Internet industry.View original post here: These Googly Eyes Will Be No Mere Novelty
Category : World News
Fidelity Bank of Dearborn, Michigan is the 16th U.S. bank to fail this year. Huntington National Bank, a part of Huntington Bancshares (HBAN) will buy the $818.2M in assets and assume the $747.6M in deposits at Fidelity’s 15 branches. The cost to the FDIC’s deposit-insurance fund is $92.8M . Fidelity is Michigan’s first failed bank of the year.
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Category : Stocks, World News
Premier Bank of Wilmette, Illinois becomes the 15th bank failure of the year. International Bank of Chicago will buy Premier’s $268.7M in assets and assume its $199M in deposits. The cost to the FDIC’s deposit-insurance fund is $64.1M. Premier is the third bank failure in Illinois this year.
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