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CoBiz Financial Inc.’s earnings fell 30 percent in the third quarter amid a slowing economy and an increased allowance for bad loans, the bank holding company said late Thursday. (COBZ)

Finances were bleak in the third quarter for Sun American Bancorp as it lost $1.3 million and sent some employees packing.

HealthOne on Thursday called the death of retailer Leslie Fishbein “a tragic event,” but said it would “vigorously” defend the lawsuit filed earlier in the day against the doctor who treated her.

Venezuela will announce a licensing round for several oil blocks in the country's Orinoco region this coming week, the Venezuelan oil minister said Friday.

Turkish Petroleum is seeking to ink a deal with Japanese companies to form a consortium by year-end to apply for the first round of bidding for contracts to develop vast oil fields in Iraq.

Ministers from major oil exporting countries Friday in Vienna said they would cut their collective production quota by 1.5 million barrels a day.

Benderson development co. has selected Hunt Real Estate Corp. to market homes in its latest mixed-use project.

Achieving excellence on a daily basis can start to look ordinary after a while. It’s a problem Devcon Construction Co. has learned to deal with.

With other delays expected to follow Suncor's announcement, oil-sands output forecasts could be lowered once more, further curtailing the amount of crude intended for the U.S. and undermining Canada's appeal as an alternative to Middle East Crude.

Oil prices slid more than 7% Friday morning as the fear of a global recession outweighed OPEC's decision to cut crude output.