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Financial Industry News
  • HHS Announces Additional $162 Million in Recovery Act Investment to Advance Widespread Meaningful Use of Health IT Final awards of state health information exchange cooperative agreement program work to build health information exchange infrastructure throughout the statesWASHINGTON--(BUSINESS WIRE)--U.S....
    March 15, 2010 7:20 AM
  • UPDATE 1-German bank group backs EU-wide supervision * BdB wants national, not EU-wide, stabilisation fund * Says German bailout fund should be below 100 bln euros* Doubts 2010 will be a good year for German banks BERLIN, March 15 (Reuters) - Germany's...
    March 15, 2010 4:04 AM
  • Saft Invests U.S. Department of Energy Grant, Breaks Ground on Lithium-Ion Battery Factory in Florida Federal Stimulus Money Helps Fund Renewable Energy Storage Creating Hundreds of High-Tech Jobs JACKSONVILLE, Florida, March 15, 2010 /PRNewswire-FirstCall/ -- Saft, world leader in the design...
    March 15, 2010 7:08 AM
  • Saft Invests U.S. Department of Energy Grant, Breaks Ground on Lithium-Ion Battery Factory in Florida / Federal Stimulus Money Helps Fund Renewable Energy Storage Creating Hundreds of High-Tech Jobs /PRNewswire-FirstCall/ -- Saft, world leader in the design and manufacture of high-tech batteries, celebrated the groundbreaking of its lithium-ion (Li-ion) battery manufacturing plant at Cecil...
    March 15, 2010 6:49 AM
  • Ex-NY bank president first accused of TARP fraud NEW YORK (Reuters) - The former president of New York's privately held Park Avenue Bank was arrested and charged on Monday with being the first person to attempt to steal from U.S. government...
    March 15, 2010 8:41 AM
  • Ex-NY bank president accused of defrauding TARP NEW YORK (Reuters) - The former president of New York's privately held Park Avenue Bank was arrested on allegations of fraud on Monday, including charges of making false statements in the failed...
    March 15, 2010 8:12 AM
  • Stimulus tax credit buys robots and tractors Rick Heflin bought a pick-and-place assembly robot for his computer electronics company, and a tax break called 'Section 179' helped pay for it. Congress is expected to renew the expanded tax...
    March 15, 2010 5:54 AM
  • UMass Memorial Health Care Selects Picis Perioperative Solution for all Five Hospitals Integrated operating room and anesthesia information system fits needs of large healthcare enterprise WAKEFIELD, Mass.--(BUSINESS WIRE)-- Picis today announced that...
    March 15, 2010 4:00 AM
  • Nevada Wind Turbine Factory to Create 1,000 Jobs, Backers Say A consortium of Chinese and American renewable energy firms said last week that they had chosen Nevada as the location of a 320,000-square-foot wind turbine manufacturing and assembly plant....
    March 15, 2010 8:03 AM
  • New Orleans Regional Transit Authority and Veolia Transportation Receive U.S. DOT Grant of $45 million for Streetcar Expansion CHICAGO--(BUSINESS WIRE)--The New Orleans Regional Transit Authority (RTA) announced the receipt of a $45 million TIGER Award from the U.S. Department of Transportation (DOT). The grant was part...
    March 15, 2010 5:57 AM
  • Former Park Avenue Bank president arrested NEW YORK (Reuters) - A former president of a privately-held New York bank, Park Avenue Bank, was arrested Monday on charges including bank bribery, embezzlement and fraud, a federal prosecutor...
    March 15, 2010 5:41 AM
  • A Fix For Health Care IT While there is much debate about future of health care in America, there is one thing that people seem to agree upon universally: Electronic medical records can streamline the transfer of patient...
    March 15, 2010 12:07 AM
  • Dodd Faces 'Ticklish Position' Going Alone on Financial Rules - Bloomberg March 15 (Bloomberg) -- China’s stocks fell, driving the benchmark index to a five-week low, as banks and commodity producers retreated on concern the government will increase steps to cool...
    March 14, 2010 10:45 PM
  • New York City Public Housing Gets $230 Million for Repairs The citys largest landlord has secured desperately needed financing that could help steer it out of the red. Under a labyrinthine deal that federal and state lawmakers and city officials raced...
    March 14, 2010 6:29 PM
  • City’s Public Housing Agency Gets $305 Million in Aid The citys largest landlord has secured desperately needed financing that could help steer it out of the red. Under a labyrinthine deal that federal and state lawmakers and city officials raced...
    March 14, 2010 5:31 PM
  • Siemens to drop hearing aid unit sale plan -sources MUNICH/FRANKFURT, March 15 (Reuters) - German industrial conglomerate Siemens (SIEGn.DE) has decided to scrap plans to sell its hearing aid unit because submitted bids were below the price it...
    March 15, 2010 7:33 AM
  • How gene maps can spot disease By Maggie Fox, Health and Science EditorWASHINGTON (Reuters) - Two studies published on Wednesday show it is possible to sequence the entire gene maps of families with inherited diseases and...
    March 15, 2010 3:35 AM
  • Moody's Warning Boosts Dollar LONDON--A warning by Moody's of the risk to the top credit ratings of the U.S., U.K., France and Germany depressed market sentiment Monday, boosting the dollar and yen as investors turned to...
    March 15, 2010 1:59 AM
  • No Need for Greek Bailout Now, Lagarde Says French Finance Minister Christine Lagarde discussed Europe's latest crisis and the current state of the economy during a meeting at The Wall Street JournalNEW YORK--Credible efforts by Greece's...
    March 15, 2010 1:49 AM
  • Book Review: Investors Who Saw Crisis Coming The global financial crisis of 2008, which economists estimate could result in several trillion dollars of losses and which has already cost American taxpayers billions of dollars in government...
    March 14, 2010 11:50 PM
  • Books of The Times: Investors Who Foresaw the Meltdown The global financial crisis of 2008, which economists estimate could result in several trillion dollars of losses and which has already cost American taxpayers billions of dollars in government...
    March 14, 2010 9:17 PM
  • Books of The Times: 'The Big Short' The global financial crisis of 2008, which economists estimate could result in several trillion dollars of losses and which has already cost American taxpayers billions of dollars in government...
    March 14, 2010 9:13 PM
  • 'The Big Short' The global financial crisis of 2008, which economists estimate could result in several trillion dollars of losses and which has already cost American taxpayers billions of dollars in government...
    March 14, 2010 8:47 PM
  • Will Patient Privacy Be Sold for Stimulus Money? 03/12/10 TUCSON, Ariz., March 12 /PRNewswire-USNewswire/ -- The key to enforcing healthcare reform was already passed in the American Recovery and Reinvestment Act of 2009 (ARRA), also known...
    March 14, 2010 6:03 PM
  • Recovery Act Funding to Help Expand Cosumnes River Preserve Project Will Reduce Flooding and Provide More Recreation OpportunitiesSACRAMENTO, Calif., March 15 /PRNewswire-USNewswire/ -- Today, the USDA's Natural Resources Conservation Service (NRCS) and...
    March 15, 2010 8:40 AM
  • SCENARIOS-Ireland's banks face more bailouts, consolidation DUBLIN, March 15 (Reuters) - The Irish government is expected to announce further bank bailout measures around the end of March.So far it has nationalised Anglo Irish Bank and acquired minority...
    March 15, 2010 6:44 AM
  • Dodd Seeks Difficult Consensus on Financial Rules WASHINGTON (AP) -- Combining Obama administration and Republican priorities, the leading Senate author of a sweeping rewrite of the nation's financial regulations is looking for consensus with...
    March 14, 2010 10:56 PM
  • New Mexico to Receive Nearly $86 Million in Additional Recovery Funds WASHINGTON, March 8 -- The U.S. Department of Education issued the following news release: U. S. Secretary of Education Arne Duncan today announced that an additional $85,944,012 is now available...
    March 14, 2010 12:17 PM
  • Ohio to Receive More Than $483 Million in Additional Recovery Funds WASHINGTON, March 8 -- The U.S. Department of Education issued the following news release: U. S. Secretary of Education Arne Duncan today announced that an additional $483,024,288 is now available...
    March 14, 2010 12:17 PM
  • Iowa to Receive More Than $127 Million in Additional Recovery Funds WASHINGTON, March 11 -- The U.S. Department of Education issued the following news release: U. S. Secretary of Education Arne Duncan today announced that an additional $127,503,336 is now available...
    March 14, 2010 12:17 PM
  • Michigan to Receive Nearly $430 Million in Additional Recovery Funds WASHINGTON, March 11 -- The U.S. Department of Education issued the following news release: U. S. Secretary of Education Arne Duncan today announced that an additional $429,781,767 is now available...
    March 14, 2010 12:17 PM
  • Florida to Receive Nearly $729 Million in Additional Recovery Funds WASHINGTON, March 11 -- The U.S. Department of Education issued the following news release: U. S. Secretary of Education Arne Duncan today announced that an additional $728,916,950 is now available...
    March 14, 2010 12:16 PM
  • The Best Bank For You Looking to switch banks? Let Forbes help. Public anger about the Wall Street bailout is feeding campaigns to encourage consumers to move their money from "too big to fail" banks. Americans are...
    March 15, 2010 2:05 AM
  • The Bancorp, Inc. Announces $45.2 million Repayment of TARP Funds WILMINGTON, Del. - (BUSINESS WIRE) - The Bancorp, Inc. ('Bancorp') (NASDAQ:TBBK), a bank holding company, today announced that on March 10, 2010, Bancorp repurchased all of the outstanding Fixed...
    March 14, 2010 1:37 PM
  • AHCA receives $21M for health IT The Florida Agency for Health Care Administration will receive nearly $21 million in federal money to help facilitate health information exchange and advance health information technology.The...
    March 15, 2010 8:56 AM
  • Secretary Duncan Releases Application for $650 Million to Support Innovation WASHINGTON, March 8 -- The U.S. Department of Education issued the following news release: U.S. Secretary of Education Arne Duncan today announced the Department of Education's final priorities...
    March 14, 2010 12:17 PM
  • Industrial Production in US Rose 0.1% in February, Fed Says - Bloomberg By Bibhudatta Pradhan and Archana Chaudhary March 15 (Bloomberg) -- India’s government failed to introduce a bill intended to shield U.S. nuclear equipment suppliers from liability, delaying...
    March 15, 2010 5:25 AM
  • West Virginia to Receive $21.9 Million to Turn Around Its Persistently Lowest Achieving Schools WASHINGTON, March 12 -- The U.S. Department of Education issued the following news release: U.S. Secretary of Education Arne Duncan today announced that West Virginia will receive $21.9 million...
    March 14, 2010 12:15 PM
  • NRCS CosumnesPreserve To: STATE EDITORSContact: Jody Fagan, +1-530-792-5645, or Jessica Groves, +1-530-792-5604, both of USDA - Natural Resources Conservation ServiceProject Will Reduce Flooding and Provide More Recreation...
    March 15, 2010 7:59 AM
  • Research and Markets: Canada Industrial Construction Market Data & Forecast to 2014 - Government Stimulus Plans Offer a Promise of Recovery for 2010 DUBLINResearch and Markets (http://www.researchandmarkets.com/research/5ddf68/canada_industrial) has announced the addition of the "Canada Industrial Construction Market Data & Forecast to...
    March 15, 2010 5:35 AM
  • Warren Named Bostonian of the Year CAMBRIDGE, Mass., Dec. 17 -- Harvard Law School issued the following news release: HLS Professor Elizabeth Warren was named the "Bostonian of the Year" for 2009 by the Boston Globe. The annual...
    March 14, 2010 1:17 PM
  • Warren in Huffington Post: America without a Middle Class CAMBRIDGE, Mass., Dec. 7 -- Harvard Law School issued the following news release: HLS Professor Elizabeth Warren (http://www.law.harvard.edu/faculty/directory/index.html?id=82) wrote the following...
    March 14, 2010 12:48 PM
  • Stimulus at one household Gov. Mike Beebe has appointed Ray Scott to oversee spending of $15 million the state has received in federal stimulus money for health information technology. I've asked the governor's office...
    March 15, 2010 7:01 AM
  • Netsmart Announces 'My Avatar' at National Council for Community Behavioral Healthcare Annual Conference GREAT RIVER, N.Y., March 15 /PRNewswire-FirstCall/ -- Netsmart Technologies, Inc., a leading provider of enterprise-wide software and services for health and human services organizations, today...
    March 15, 2010 4:33 AM
  • Frost & Sullivan: Asia Pacific Paint & Coatings Market - Back on Track? See more news releases in: Banking & Financial Services, Chemical, Surveys, Polls and Research SINGAPORE, March 15 /PRNewswire/ -- Frost & Sullivan's Chemicals & Materials Practice...
    March 14, 2010 7:43 PM
  • AIG holds back $21 mln from FP unit payout -source * AIG paying out $46 mln to FP unit employees * Cuts may help AIG exceed $45 mln giveback target NEW YORK, March 14 (Reuters) - American International Group Inc (AIG.NAIG is paying out $46 million...
    March 14, 2010 5:08 PM
  • Ex-The Park Ave Bank President Charged With Fraud, Other Crimes By Chad Bray Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- The former president of a small business bank in New York closed by regulators on Friday has been arrested and charged with engaging...
    March 15, 2010 8:15 AM
  • Hosken to Sell 35% Stake in Milk Producer Clover - Bloomberg March 15 (Bloomberg) -- Goldman Sachs Group Inc. and JPMorgan Chase & Co., two of the biggest traders of over-the- counter derivatives, are exploiting their growing clout in that market...
    March 14, 2010 10:45 PM
  • President's Perspective: No teacher left standing Has No Child Left Behind warped into No Teacher Left Standing? Is this an extreme title question? The drastic step taken by the Central Falls School Board in Rhode Island firing the high school's...
    March 14, 2010 6:19 PM
  • FCC unveiling sweeping national broadband plan WASHINGTON -- Communications regulators are unveiling a sweeping proposal to overhaul U.S. broadband policy. Their aim: to bring affordable, high-speed Internet connections to all Americans and...
    March 15, 2010 8:24 AM
  • FCC to Unveil Broadband Plan WASHINGTON--Communications regulators are unveiling a sweeping proposal to overhaul U.S. broadband policy. Their aim: to bring affordable, high-speed Internet connections to all Americans and...
    March 15, 2010 8:05 AM
  • Federal stimulus money helps fund renewable energy storage creating hundreds of high-tech jobs JACKSONVILLE, Fla., March 15 /PRNewswire/ -- Saft, world leader in the design and manufacture of high-tech batteries, celebrated the groundbreaking of its lithium-ion (Li-ion) battery manufacturing...
    March 15, 2010 7:00 AM
  • DOJ To Announce Arrest Of The Park Avenue Bank Ex-President Monday By Chad Bray Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Prosecutors are expected to announce the arrest of Charles J. Antonucci Sr., the former president of The Park Avenue Bank, at a press...
    March 15, 2010 5:41 AM
  • Cozen O'Connor Ranked Number Two Bond Counsel in Pennsylvania and Number One Underwriter's Counsel in New Jersey PHILADELPHIA, March 15 /PRNewswire/ -- Cozen O'Connor was recently listed by Thomson Reuters as the number two bond counsel firm in Pennsylvania for 2009, the firm's highest bond counsel ranking...
    March 15, 2010 5:14 AM
  • AIG holds back $21 million from FP unit payout: source is holding back $21 million from retention bonuses due by Monday to current and former employees of its Financial Products...>]]>
    March 14, 2010 7:49 PM
  • AIG holds back from FP unit payout - source NEW YORK (Reuters) - American International Group Inc (AIG.N) is holding back $21 million (13.8 million pounds) from retention bonuses due by Monday to current and former employees of its Financial...
    March 14, 2010 7:43 PM
  • Enables Clinicians, Executives, Billing, Front Desk and Information Technology Staffs to Configure Software to the Way They Work for Greater Efficiency GREAT RIVER, N.Y., March 15 /PRNewswire-FirstCall/ -- Netsmart Technologies, Inc., a leading provider of enterprise-wide software and services for health and human services organizations, today...
    March 15, 2010 4:00 AM
  • FL Saft DOE lith ion 03 15 bc-FL-Saft-DOE-lith-ion 03-151/8STK 3/81/8IN 3/8 OIL UTI ALT1/8SU 3/8TO BUSINESS AND ENERGY EDITORS:Saft Invests U.S. Department of Energy Grant, Breaks Ground on Lithium-IonBattery Factory...
    March 15, 2010 7:02 AM
  • Saft 03 15 bc-Saft 03-151/8STK 3/8 SAFT.PA1/8IN 3/8 CHM ECP1/8SU 3/8 CXPTO ENERGY EDITOR AND BUSINESS EDITOR:Saft Invests U.S. Department of Energy Grant, Breaks Ground onLithium-Ion Battery Factory in...
    March 15, 2010 6:42 AM
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