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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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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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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Morgan Stanley is considering a merger with Wachovia Corp., according to The New York Times and The Wall Street Journal. The newspapers cite individuals briefed on the matter.
Wachovia is Central Florida’s third-largest bank, with $4.8 billion in deposits, 63 branches and market share of 15.51 percent.
According to the Times, Morgan Stanley Chief Executive John Mack […]

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Central banks in Japan and Australia injected $33 billion into their financial systems amid ongoing efforts to calm markets roiled by the demise of Lehman Brothers Holdings Inc. and crisis at American International Group Inc.
The Bank of Japan pumped 3 trillion yen ($29.3 billion) into the financial system today, for a total of […]

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U.S. bond prices show Henry Paulson's “bazooka'' fired blanks when he took over beleaguered mortgage-finance companies Fannie Mae and Freddie Mac.
Instead of instilling confidence in the credit markets, the Treasury secretary's plan to place the government-sponsored enterprises in conservatorship on Sept. 7 only served to underscore weakness in the world's biggest economy and […]

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Finance ministers from the euro area pledged to pursue fiscal discipline even as their economy weakens, drawing a call from European Central Bank President Jean-Claude Trichet for them to deliver on their promise.
Policy makers meeting in Nice, France, said they will resist U.S.-style tax cuts and, unlike during the last slowdown, keep their […]

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The Edward and Lesley Phillips Family Foundation, a charitable organization started by the former president of Phillips Distilling Co., has pledged $1 million to the historic Apollo Theater in New York.
The gift will support activities surrounding the theater’s upcoming 75th anniversary season.
Eddie Phillips, former president of Minneapolis-based Phillips Distilling and an Apollo board member, made […]

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Gasoline prices eased for the fifth straight day, even as Tropical Storm Hanna bears down on the Carolinas, according to a nationwide survey of gas station credit card swipes.
The average price of regular unleaded gasoline fell 0.4 cents to $3.674 a gallon from $3.678 a day earlier, motorist group AAA said Thursday.
Gas prices […]

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WPP and Dell Inc.'s agency has hit upon a permanent company name — Enfatico.
Enfatico is a musical notation that means play each note with emphasis, WPP says in a release.
WPP (Nasdaq:WPPGY) of New York and Round Rock-based Dell (Nasdaq:DELL) partnered up last year to build an agency that will handle […]

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