August 8th, 2010
Fallon Community Health Plan’s insurance premium increases for small businesses, submitted in April to the Division of Insurance, were justified, according to an independent administrative panel. It’s a win for the state’s fourth largest insurer, which along with all other state health plans, has been locked in a four-month battle with Governor Deval Patrick’s administration […]
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June 13th, 2010
Southern California figures to be plug-in electric central when Chevy’s Volt and Nissan’s Leaf hit the market this year. But Duke Energy’s Mike Rowand sees surprising interest in the Carolinas and Midwest – including the Triangle.
Speaking at an electric-vehicle briefing Thursday, Rowand predicted that Charlotte and Raleigh will be among a dozen or so cities […]
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March 13th, 2010
After selling off its second "crown jewel" insurance business in a week, AIG has made a sizeable dent in its plan to repay its debt to taxpayers.
But the troubled insurer is still just halfway home and it’s not clear exactly how AIG will pay off the remainder.
On Monday, the insurer announced that it […]
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February 19th, 2010
The fifth annual study of metro Denver’s ranking in seven industry clusters, released Thursday by the Metro Denver Economic Development Corp., concludes that the region offers a diversified economy and the nation’s second-most highly educated workforce.
The report, available here, was completed by the Patty Silverstein of Development Research Partners. It looks at seven major industries […]
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December 23rd, 2009
WASHINGTON — Regulators on Friday shut down seven banks in six states, including Independent Bankers’ Bank, based in Springfield, Ill., and two large banks in California.
Regulators so far this year have shut down 140 banks.
The Federal Deposit Insurance Corp. on Friday took over the seven newly shuttered banks.
Independent Bankers’ Bank […]
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December 8th, 2009
AOL Inc. Chief Executive Tim Armstrong is on a mission to show that the company isn’t some dot-com has-been selling Web access and e-mail. It’s a digital-media company with 80 websites churning out everything from personal finance advice to bedroom tips.
The 100 million unique viewers AOL attracts each month are enough to […]
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December 6th, 2009
Spain’s industrial production fell the least in more than a year in October as government stimulus measures bolstered demand for cars even as unemployment continued to climb.
Output at factories, refineries and mines fell 9.2 percent from a year earlier, adjusted for the number of working days, the least since September of last year, […]
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November 17th, 2009
Oil prices rose more than $2 to settle at $78.90 a barrel on Monday, regaining most of last week’s losses as the dollar drifted lower.
The U.S. dollar fell slightly on Monday against a basket of currencies, as it heads into a week likely to see increased debate over currencies during President Obama’s visit to […]
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October 1st, 2009
The Federal Reserve Bank of Minneapolis named Narayana Kocherlakota, an economics professor at the University of Minnesota with expertise in finance and banking, to replace former chief Gary Stern.
Kocherlakota, 45, takes office on Oct. 8 and is a consultant to the Minneapolis Fed, bank spokeswoman Patti Lorenzen said today. He is a former […]
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September 16th, 2009
German investor confidence rose to the highest level in more than three years in September after the economic recovery gathered strength and stocks surged.
The ZEW Center for European Economic Research said its index of investor and analyst expectations, which aims to predict developments six months ahead, increased to 57.7 from 56.1 in August. […]
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