Student loan provider offers online savings

Students can now pay their college loans and save with Sallie Mae.
The largest U.S. student loan company took its first steps into retail banking Tuesday with the launch of two new online savings accounts.
The Reston, Va.-based company said it will offer high-yield savings accounts with a 1.35% interest rate and certificates of deposit […]

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HP, Shell ink seismic deal

Hewlett-Packard Co. and Royal Dutch Shell PLC announced a collaboration today to develop ultra-high-resolution seismic sensing equipment.
The Palo Alto, Calif. computer giant (NYSE: HPQ) is partnering with Shell (NYSE: RDS.A) to deliver a higher channel count and broader sensor frequency range to get a better seismic picture of what lies beneath in oil and gas […]

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Arizona is enticing despite bank woes

As if being a banker in Missouri isn’t tough enough these days, Peter Benoist of Enterprise Bank wants to set up shop in the real estate disaster zone known as Phoenix — in the skeleton of a failed bank, no less.
The banking business in Arizona is sickly indeed. The state’s banks have lost […]

Intel rebound brightens outlook for PC industry

Intel Corp. said Thursday that its fourth-quarter profit blew past expectations, confirming a rebound in the recession-battered personal computer market is underway.
Intel’s bright profit outlook for 2010 means the No. 1 maker of computer microprocessors sees a lasting recovery past the stellar fourth quarter — not an isolated holiday shopping blip.
[…]

U.S. Economy: Payrolls Unexpectedly Dropped 85,000

The U.S. unexpectedly lost 85,000 jobs in December, supporting Federal Reserve forecasts that a labor market recovery will take time and making it more likely interest rates will stay near zero for the next six months.
Payrolls fell last month after a revision showed a gain of 4,000 in November, the first in almost […]

DBJ Business Pulse: One-third expect to add jobs in 2010

One-third of DenverBusinessJournal.com readers who responded to our latest Business Pulse question said they expect their business will add at least a few new jobs in 2010.
In our unscientific online opinion survey, the percentage of readers who predict new positions at their company outnumber those who expect job cuts, 34 percent to 22 percent.
Another 22 […]

Regulators shut banks in 5 states

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 […]

Canwest Global posts Q4 loss on weak ad revenue

Canwest Global Communications delivered another quarterly loss on Friday, with the still-sluggish advertising market pulling down overall revenues by 13 per cent during a period that saw little in the way of good news for a company in the midst of a major restructuring.
The Winnipeg-based media conglomerate posted a $111-million loss worth 62 cents […]

GMAC seeking third bailout - report

GMAC Financial Services is seeking a third round of bailout funds from the U.S. Treasury Department, according to a report in the Wall Street Journal.
Talks over a fresh lifeline are at an advanced stage and the U.S. government could provide an additional $2.8 billion to $5.6 billion to the lender, the report said, citing […]

U.S. Michigan Sentiment Index Decreased to 69.4

Confidence among U.S. consumers fell more than forecast in October, a reminder that households remain nervous about the strength of the emerging economic recovery.
The Reuters/University of Michigan preliminary index of consumer sentiment decreased to 69.4 from 73.5 in September, which was the highest in more than a year. Measures of expectations for six […]