Finance news

At least one Church Street Station tenant says his business is hurting because of the entertainment complex’s ­financial troubles and ­legal woes.
John Dobson, CEO of Brick & Fire Pizza and Wine Co., said he already lost thousands of dollars when the bankruptcy hearings of previous owner F.F. Station LLC — Lou Pearlman’s former company — […]

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Insurance companies may be next to get capital from the government as part of the $700 billion bailout approved by Congress, but The Travelers Cos. won’t be one of them.
The St. Paul insurer sent a letter Tuesday to Treasury Secretary Henry Paulson to inform him that it would neither seek nor accept any money under […]

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Former General Electric Co. Chief Executive Officer Jack Welch said the U.S. economy will start to improve in late 2009 after struggling for the next three quarters.
“We are going to have some very tough times,'' Welch said on the ABC News “This Week'' program. “The fourth quarter of this year could have negative […]

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The NBA Board of Governors has voted to allow the Palms casino in Las Vegas to accept bets on all league games — except those involving the Sacramento Kings — even though the Maloof family owns both the Kings and the casino, the NBA said in a news story posted on its Web site.
In the […]

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Tompkins Financial Corp., the parent of Bank of Castile, reported a 16.6 percent increase in third quarter earnings over the same period in 2007.
A 15.7 percent increase in diluted earnings per share to 81 cents was a record, the Ithaca-based company said.
Earnings, or net income, totaled $7.9 million, compared to $6.8 million in 2007.
Noting unprecedented […]

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MSDG Nashville LLC has purchased 5.5 acres on Great Circle Road at Athens Way in the Metro Center area for $1.575 million.
MSDG is a general contractor, specializing in non-industrial commercial construction.
Charley Hankla with Colliers Turley Martin Tucker represented the seller, United Methodist Publishing House, and David Baker of Baker Storey McDonald Properties represented the buyer […]

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New Zealand officials are working on a plan to guarantee wholesale deposits at the nation's banks, Finance Minister Michael Cullen said.
“The Reserve Bank and Treasury are working on a possible wholesale deposit guarantee scheme,'' Cullen said in a debate broadcast today on Radio New Zealand. “There is no need for an urgent decision. […]

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ProLink Solutions, which sells GPS-based golf course management systems and digital on-course advertising, is opening an office in the United Kingdom to serve markets in England, Scotland, Ireland and Wales.
Ian Church will be responsible for sales at the new office as well as service and support for the Chandler company’s existing footprint of more than […]

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The dollar rose against the euro and the pound Friday, with the British currency falling to its lowest level in five years as global markets remain shaky.
At 4 p.m. ET, the 15-nation euro bought $1.3412, down from $1.3563 late Thursday. It traded as low as $1.3354, reaching levels not seen since June 2007.
Great Britain’s […]

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The Bank of Hawaii’s Waikiki branch will open in a new location next week.
The branch, currently at 2228 Kalakaua Ave., will move to the Bank of Hawaii Waikiki Center at 2155 Kalakaua Ave., in the building formerly called the Kalakaua Business Center on Oct. 14.
Bank of Hawaii’s international branch, which opened in February, is on […]

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