Finance Headlines

BUSINESS BRIEFS: Jelsing recognized ... Heston joins psychology practice ... North Dakota CPA Society recognition ...

Sept. 20--Jelsing recognized Catherine Jelsing, Rugby, N.D., has received a first-place award for Web and social media from North Dakota Professional Communicators. She was among 14 members of the group to receive awards for their work in print media, photography, advertising, writing and Web development, public relations, marketing and other areas. Accounting board names officer Peter ...


Local contractors paying with cash after Home Depot credit breach

Sept. 20--Contractor Jasper Vassau has shopped at the Santa Fe Home Depot for years and usually pays with a credit card. But on Friday, he paid with cash -- $53 -- for some commercial grade fine sand. He's wary about paying with a credit card since the revelation that Home Depot's payment data systems were breached at U.S. and Canadian stores between April and September. Hackers had potential ...


Afghan presidential vote result to come Sunday

KABUL, Afghanistan (AP) — Afghanistan's drawn-out presidential election may finally be coming to an end. Nearly six months after Afghans cast ballots in a first-round vote, the country's election commission on Saturday said it would announce final, audited results on Sunday from a two-man runoff held in June. U.N. and Afghan election officials spent weeks auditing the runoff results after ...


Egypt's industrial policies discourage employment: World Bank report

// According to International Labor Organization (ILO) figures, 56% of male non-agricultural employment in Egypt is informal, much higher than Turkey's 30% and nearly as high as 60% in Palestine, the report said. (AFP FilePHOTO) Egypt's labour laws and industrial policies discourage employment by raising the costs of labour and artificially reducing the price of non-labor inputs and directly ...


2016 may loom, but Jeb Bush is focused on business

CORAL GABLES, Fla. (AP) — While other Republicans considering the 2016 presidential race are openly laying the foundations of potential campaigns, former Florida Gov. Jeb Bush is busy tending to a growing personal business empire. It's a break in style from recent candidates who distanced themselves from the sometimes politically risky business of making money before running. A Republican ...


GERS OKs Havensight contract, rejects Tibbar Energy investment

Sept. 19--ST. THOMAS -- After an executive session during Thursday's regular meeting of the Government Employees' Retirement System board, the board took two major actions: approving the management agreement for Havensight Mall and rejecting an alternative investment proposal from Tibbar Energy. Board members also voted to put a moratorium on any new alternative investments until the board ...


Higher aluminum prices help Alcoa

Sept. 20--One of Alcoa's biggest initiatives in recent years has been shuttering outdated, inefficient smelters and focusing on more lucrative downstream markets like aerospace and automotive. Just as that strategy is bearing fruit with the introduction of the aluminum-intensive Ford F-150 pickup truck and long-term supply agreements with Boeing and Pratt & Whitney, strengthening aluminum ...


RNC bests DNC in August fundraising

WASHINGTON (AP) — The Republican National Committee again outraised its Democratic rival last month and is sitting on a $3 million lead, according to campaign finance reports filed Saturday. The RNC raised $10.1 million in August and has $14.5 million in the bank to pay for polling, data and get-out-the-vote efforts for November's midterm elections. The filing also shows the RNC spent heavily ...


Asian Development Bank to provide Armenia with loan of $49 million

The Asian Development Bank (ADB) approved a loan of $49 million and a technical assistance grant of $900,000 to Armenia on "promotion of stability in the areas of water supply and roads,RIA Novosti reports Sept.20 with reference to the ADB. The funds will be provided to the Government of Armenia within the framework of promotion of infrastructures stability. About 50 percent of the water ...


Egypt in the eyes of international rating agencies

// Fitch Rating Agency restored Egypt’s outlook to stable for the first time since it was downgraded to negative nearly three years ago. Fitch In January, Fitch Rating Agency restored Egypt’s outlook to stable for the first time since it was downgraded to negative nearly three years ago. This reflects an improvement in an economy hammered by years of violence and political instability that had ...


Egypt and its FDI prospects

Omar El-Shenety By Omar El-Shenety No doubt that Egypt has witnessed very rough years since the 25 January Revolution. The economy has been brought to its knees, and now faces stagnation. Growth has stopped at 2% since the revolution, and the government budget deficit scored record levels. Tourism and Foreign Direct Investment (FDI), key sources for foreign currency, have seriously retreated, ...


State Board Invests More Than $1.4 Million to Grow Local Economies

OLYMPIA, Wash., Sept. 18 -- The Washington State Department of Commerce issued the following news release: The Washington State Community Economic Revitalization Board (CERB) today approved $1.4 million in public investments, including a $500,000 low-interest loan to support the new AeroTEC hangar at Port of Moses Lake where MRJ will conduct flight testing and certification beginning next ...


SAAS and PAAS Cloud Revenue Up 32%, Software and Cloud Revenue Up 6% to $6.6 Billion

REDWOOD SHORES, Calif., Sept. 18 -- Oracle, a developer of hardware and software products, issued the following news release: Oracle Corporation (NYSE: ORCL) today announced that fiscal 2015 Q1 total revenues were up 3% to $8.6 billion. Total Software plus Cloud revenue was up 6% to $6.6 billion. Software-as-a-service (SaaS) and Platform-as-a-service (PaaS) cloud revenue was up 32% to $337 ...


Barron calls for culture of entrepreneurship at Penn State

Sept. 20--UNIVERSITY PARK -- When it comes to research and technology, Penn State has plenty of places to point out where it is a leader. When it comes to licensing that research and technology, not so much. The university ranks 62nd in the country when it comes to making money off its innovations. President Eric Barron wants to see that change. He outlined his ideas for the board of trustees ...


Low Risk Investments Have Poor Track Record Compared to Life Insurance Returns Claims YourLifeSolution.com

Chicago, IL (PRWEB) September 20, 2014 YourLifeSolution.com, a service which generates and displays life insurance rates online instantly, is today espousing the theory that low risk investments have historically performed less advantageously than universal life insurance policies and almost all dividend paying whole life insurance policies. "If you look at the history of how well life ...


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