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In-house study explores university's effect on local economy
Published December 5, 2008, 1:35 am, The Florence Times-Daily
FLORENCE - The University of North Alabama - with its 7,000-plus students, faculty and staff payroll and expenditures - has an annual economic impact of about $161 million in the Shoals, based on an in-house study conducted by a team of professors.The study took into account direct and indirect spending generated by the university.
Capital One acquires bank
Published December 5, 2008, 1:26 am, Orlando Sentinel
Capital One Financial Corp. said Thursday it will acquire Chevy Chase Bank for $520 million in cash and stock, as it continues to bolster its deposit base to help fund operations amid the ongoing credit crisis.
Bank of America’s Merrill Takeover May Be Lewis’s Toughest Deal
Published December 5, 2008, 1:16 am, Bloomberg
Dec. 5 (Bloomberg) -- Bank of America Corp. Chief Executive Officer Kenneth Lewis ’s takeover of Merrill Lynch & Co. , the capstone of more than $100 billion in acquisitions he’s made since 2001, may prove the hardest to digest.
‘Over to the banks now’ as rates set at lowest since 1951
Published December 5, 2008, 12:39 am, icWales
THE Bank of England slashed interest rates by another 1% yesterday as policymakers stepped up their battle to stave off a deep recession.
Lebanon 'immune' to financial crisis
Published December 4, 2008, 11:55 pm, BBC News
Bankers in Beirut say they were prepared for the financial meltdown hitting the world's financial markets and they are booming as a result.
Boom not bust
Published December 4, 2008, 11:35 pm, BBC News
Lebanon banks claim immunity from financial crisis
No saving Connecticut without taming unions
Published December 4, 2008, 10:36 pm, Journal Inquirer
Facing a deficit in the current state budget of about $400 million and projected deficits totaling $6 billion in the next two budgets, Governor Rell summoned the General Assembly into special session the other day and asked it to legislate savings and revenue increases worth about $100 million per year.
Japan May Allow Tax Breaks on Repatriated Profits (Update1)
Published December 4, 2008, 10:24 pm, Bloomberg
Dec. 5 (Bloomberg) -- Japan may introduce legislation that would waive taxes companies pay on profits returned from abroad, in an effort to help the economy emerge from a recession.
Corporate report
Published December 4, 2008, 10:09 pm, The Sarasota Herald-Tribune
Capital One Financial Corp. -- The company said it will acquire Chevy Chase Bank for $520 million in cash and stock, expanding its presence in its own backyard. Under the terms of the agreement, McLean, Va.-based Capital One will use $445 million in cash and 2.56 million shares of Capital One valued at $75 million, or about $29.30 per share.
City Diaries
Published December 4, 2008, 6:43 pm, BBC News
Tales of hardship from the financial front-line
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