18.10 2011

Fed Closes Banks in Two States

(NewsCore) – The closure of two banks in Georgia and one in Florida has brought the number of failed banks in the United States to 83 this year, the Federal Deposit Insurance Corp. (FDIC) said Friday.

Community Capital Bank of Jonesboro, Ga., closed and will have its $181.2 million in assets and $166.2 million in deposits taken over by State Bank and Trust Co. of Macon, Ga.

Decatur First Bank of Decatur, Ga., also closed and will have its $191.5 million in assets and $179.2 million in deposits taken over by Fidelity Bank of Atlanta.

Old Harbor Bank of Clearwater, Fla., will have its $215.9 million in assets and $217.8 million in deposits taken on by 1st United Bank of Boca Raton, Fla.

The total cost of the three failures to the FDIC’s deposit-insurance fund is $133.9 million.

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Posted by Laura Hernandez
Tags: States

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17.10 2011

Maxim 1Q net income rises, 2Q view disappoints

SUNNYVALE, Calif. (AP) — Chip maker Maxim Integrated Products Inc. reported fiscal first-quarter net income that rose 14 percent as revenue inched up and the company incurred a lower tax bill than it did a year earlier.

Maxim’s results, reported late Thursday, beat analyst expectations. The company’s outlook for the current quarter disappointed, however, as CEO Tunc Doluca said in a statement that its customers are “maintaining a cautious business outlook.”

“End customers as well as the distribution channel are reducing inventory and order lead times. T

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Posted by Jeremy Lee
Tags: Income, Net Income

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15.10 2011

Longmynd Hotel for sale for £1.75 million

The retirement of the long-term owners of the established Shropshire Hills hotel, the Longmynd Hotel, is presenting a lucrative opportunity prospective buyers with experience of running medium- to large-scale hotels.

The family-run hotel – which has been run by the Chapman family since the late 1970s – has been put on the market with a price tag of a cool £1.75 million.

The three-star hotel, which is located not far from the village of Church Stretton, boasts an impressive array of amenities, based around 50 en-suite bedrooms and eight self-catering lodges. The hotel is set in 11 acres of impressive woodland and also provides function and conference rooms, a restaurant and an outdoor swimming pool.

The hotel is being sold by the Birmingham branch of specialist licensed and hotel agents, Christie + Co. Agen

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Posted by Gregory Moore
Tags: Hotel, Longmynd Hotel

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13.10 2011

Cranford customers surprised to see First State Bank taken over by another creditor

CRANFORD — Erika Stradford did not know her Cranford-based First State Bank had been taken over by another creditor until she arrived this morning to make a transaction.

“I thought, whats going on? Who are all these people the lobby?” Stradford said, of the employees she did not recognize at the small community bank this morning. “As long as this new bank is still customer friendly, Im okay with it.”

State officials announced Friday that First State Banks poor asset quality necessitated its closure. The Federal Deposit Insurance Corporation then announced that Staten Island-based Northfield Bank would take over immediately so customers access to their money would not be interrupted.

Evidence of the hasty switch were scarce this morningonly small, square stickers on the Cranford branchs doors indicated the bank had changes hands. E

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Posted by Jeremy Lee
Tags: Creditor, First State, First State Bank, State Bank

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10.10 2011

How to begin your home small business

small businessAt some point, we are at the forefront of business success. Although all the praise we can expect, remember that you have to handle pressure, deal with daily business operations. Some may think the it is natural while others are too stiff to think about it. Read more…

Posted by admin
Tags: Small Business

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07.10 2011

The benefits of an efficient office design

Design is very important in appealing customers to your office. An office design should involve consideration of many factors such as scale models, furniture, office supplies and technology to provide excellent conditions of work for employees and customers. These factors make an impact on productivity and also in charge of your profit.

Whether you are establishing a home office or a corporate office, thorough design is very important. With a great office design, you can improve efficiency and workflow of your office with minimal disruption, and thus it leads to greater productivity.

When you consider designing the home office, you must be very flexible and ready for any kind of changes. The priority here is your convenience, not formal aesthetics. Read more…

Posted by admin
Tags: office design

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08.09 2011

Your future difficulties of creating a small business plan by yourself

Anyone thinking of starting their own business must first make a list of consumer’s needs. Your company must be based around a solution to a particular market. The mistake that many new entrepreneurs do not to foresee the way they want to follow. A marketing plan for small businesses is an essential element of the venture.

The first part of your marketing plan for small businesses will help you clarify your market goal. You’ll need to research and find out as much as possible on people who have to buy your products or services. Read more…

Posted by admin
Tags: small business plan

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