industry / Top Stories
Central Pacific stock issue approvedNearly three quarters of the shareholders of Central Pacific Bank's parent company approved a plan Thursday to nearly double the number of common shares. (CPF)
Biz Journal Friday, October 23, 2009Re/Max Alliance expands ahead of ConocoPhillips arrivalRe/Max Alliance, the third-largest Re/Max real estate brokerage franchise, has acquired Re/Max Horizons Group of Broomfield for undisclosed terms. (COP) (JAVA)
Biz Journal Friday, October 23, 2009D.C. launches yearlong study of Walter ReedWith a pair of meetings Thursday, D.C. officials began at least a year's worth of planning for 62 acres of Walter Reed Army Medical Center slated to become available thanks to the 2005 Base Realignment and Closure process.
Biz Journal Friday, October 23, 2009Washington Real Estate Investment Trust reports higher Q3 earningsWashington Real Estate Investment Trust reported higher earnings in the third quarter despite a drop in revenue and comparable property occupancy. The company also narrowed its guidance for the year. (WRE)
Biz Journal Friday, October 23, 2009Capital Bank aims to raise $55M in stock offeringCapital Bank Corp.
announced plans Thursday to raise about $55 million through a public offering of stock.
Biz Journal Friday, October 23, 2009A Long Look at the National DebtShort-Term Deficits Pale in Comparison to Unfunded Liabilities on the Horizon Dwindling U.S. economic activity and accelerating government spending resulted in a record $455 billion federal budget deficit for fiscal year 2008. During the same trying period, the total national debt increased to about $10 trillion, and the forecast for 2009 was for an even larger [...]
IB Times Friday, October 23, 2009Municipal HasteThe administration has stated that it intends to raise tax rates on people with incomes in the highest tax brackets in order to finance programs such as health-care reform. The current top federal income tax rate of 35% is low by historical standards but is scheduled to revert to its original 39.6% rate after 2010. Meanwhile, [...]
IB Times Friday, October 23, 2009Equinix, Inc. (EQIX) Acquires Switch and Data (SDXC) in $689 Million DealEquinix, Inc., provider of global data center services, reported yesterday that it has reached a definitive agreement to acquire Switch & Data Facilities Company, Inc. (NASDAQ: SDXC), a leading provider of data center and Internet exchange services, for approximately $689 million in cash and stock. The acquisition represents a significant
market expansion for Equinix and [...]
IB Times Friday, October 23, 2009Akeena Solar Inc. (AKNS) Posts Q3 Results, Increase in Residential Solar InstallationsAkeena Solar Inc., a leading designer and installer of solar power
systems in the United States, yesterday posted its third-quarter results for the three months ended September 30, 2009, reflecting growth and continued demand in residential applications. The company reported net sales at $7.7 million as compared to $10.6 million for the same quarter last [...]
IB Times Friday, October 23, 2009Small Cap Voice Featured Company: Cellceutix Pharmaceuticals, Inc. (CTIX.OB)Cellceutix Pharmaceuticals, Inc., an emerging bio-pharmaceutical company, is focused on developing small molecule therapies in areas of unmet medical need. The companyâ??s primary efforts are in cancer and inflammatory disease. Cellceutix intends to spend most of its time initially on lead product Kevetrin, which is being developed for drug-resistant cancers. Developing the highest quality [...]
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