Saturday, January 16, 2010

“Wyclef Jean's charity: Better Business Bureau not recommending charity - Today's THV” plus 4 more

“Wyclef Jean's charity: Better Business Bureau not recommending charity - Today's THV” plus 4 more

Wyclef Jean's charity: Better Business Bureau not recommending charity - Today's THV

Posted: 15 Jan 2010 05:27 PM PST

Groups that vet charities are raising doubts about the organization backed by Haitian-born rapper Wyclef Jean.

They say the foundation's questionable accounting practices could hurt its ability to function in earthquake-hit Haiti even as hundreds of thousands of dollars pour in via text message.

The Better Business Bureau's Wise Giving Alliance is not recommending Jean's group and suggests money be donated to relief organizations with more experience in handling disasters.

The 37-year-old Grammy-winning artist has been imploring followers to text "Yele" to 501501 to donate $5 to his foundation in support of Haitian earthquake victims.

Jean has said he wants to raise $1 million a day.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

Business briefs: 787 passes early flight tests; can add engineer - Everett Herald

Posted: 16 Jan 2010 12:00 AM PST

The Boeing Co. says it has completed initial airworthiness tests on its new 787 jetliner, which means the planes can now fly with flight test engineers in their cabins. Boeing said Friday that the two test planes have completed 15 flights to check out aircraft systems, performance, stability and handling. In the next phase of the testing, engineers will fly along to conduct detailed tests. The successful initial flights also will allow more planes to enter the flight test program. The first 787s have been flown to an altitude of 30,000 feet and at about three-quarters of their cruising speed. Boeing says that in the coming weeks, the aircraft will be taken to more than 40,000 feet and up to full cruising speed.

Attorney to leave City Bank board

Scott Hutchison, long-time attorney for Lynnwood-based City Bank, will be leaving the bank's board. Bank president Martin Heimbigner announced Friday that the move came in response to a Nasdaq warning that it requires its trading companies to have a board with a majority of members who are independent of the company. The bank had until June 30 to comply. The bank's seven-person board previously had only three independent members.

New leader at Lynnwood's Crane

Jim Hirning of Crane Aerospace & Electronics of has been named leader of its Lynnwood operations and a corporate vice president. Hirning will be responsible for daily operations and managing the supply chain. He was previously the senior materials manager of the site, a major aerospace supplier.

JPMorgan profits rise four-fold

JPMorgan Chase & Co.'s profit rose more than four-fold to $3.28 billion in the last three months of 2009, but the results released Friday were tempered by rising loan losses at its consumer bank. Its shares fell almost 1 percent in early trading. The bank had a sobering assessment of the economy, warning that it cannot say it has seen defaults on mortgages and other loans peak. Its earnings came on profits from its investment banking and asset management businesses, which thrived amid the now 10-month-old market rally. JPMorgan Chase earned $702 million a year earlier when the near-collapse of the mortgage banking business forced it to write down billions in loans.

US Airways raises baggage fees

US Airways on Friday raised baggage fees for travelers who check their luggage online. The higher online fees match those set in recent days by Delta, Continental, and United. US Airways said it will charge $23 to check the first bag online, and $32 to check the second. That's an increase from the previous online checked bag fees of $20 and $30. The fees to check bags at the airport are unchanged at the level set by US Airways in August — $25 for the first and $35 for the second.

From Herald staff and news services

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

NY Fed manufacturing growth up in January - Reuters

Posted: 15 Jan 2010 05:45 AM PST

Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.

NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

Intuit Sells Intuit Real Estate Solutions To Vista Equity Partners For ... - RTT News

Posted: 15 Jan 2010 02:56 PM PST

(RTTNews) -  Business and financial management solutions provider Intuit Inc. (INTU: News ), Friday said it completed the sale of Intuit Real Estate Solutions to Vista Equity Partners, a private equity firm focused on investments in software and technology-enabled businesses. The transaction, which was announced on December 2, 2009, is valued at approximately $128 million.

Intuit Real Estate Solutions or IRES, based in Highland Hills, Ohio, was part of the company's global business division and provided software and services to companies in the real estate management and investment industry.

Mountain View, California-based Intuit said that with the close of the transaction, it would treat IRES as a discontinued operation.

According to the company, IRES revenue totaled approximately $74 million in fiscal year 2009 and was expected to be approximately $80 million in fiscal year 2010. As a result of the sale, Intuit expects to record an increase of approximately 10 to 12 cents in GAAP earnings per share in its fiscal second quarter that ends January 31.

Intuit said that its annual revenue in its fiscal year 2009 was $3.2 billion. The company has approximately 7,800 employees with offices in the United States, Canada, the United Kingdom and India.

INTU closed Friday's last trade at $31.46, down $0.32 or 1.01%, on a volume of 3.68 million shares on the Nasdaq.

by RTT Staff Writer

For comments and feedback: contact editorial@rttnews.com

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

AeroGrow Re-Directs Business Focus; Announces New CEO, COO - Yahoo Finance

Posted: 15 Jan 2010 05:31 AM PST

[fivefilters.org: unable to retrieve full-text content]

Walker was named Chief Executive Officer, replacing Jervis (Jerry) Perkins, AeroGrow's CEO ... s future growth and to meet short-term liquidity requirements. Other management changes include the promotion of J. Michael Wolfe, AeroGrow's Vice ...
Posted by at

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)