Below please find daily updates pertaining to the latest in financial, business, and tax news:
CSC names Mike Lawrie CEO
Posted: Tue Feb 07 18:54:00 PST 2012Falls Church-based CSC has named Mike Lawrie, president and CEO. Lawrie was at the helm of British software firm Misys for five years after working for IBM for more than 25 years. Lawrie succeeds Michael Laphen, who is retiring as CEO and chairman. The CSC board of directors also announced that Rodney Chase, a current director on the company's board, has been named non-executive chairman of th...
Kauai?s Prince Course will reopen March 1
Posted: Tue Feb 07 18:31:37 PST 2012The Prince Course will reopen for play on March 1 at Kauai?s Princeville at Hanalei resort under the management of Montage Golf. The Robert Trent Jones Jr.-designed course recently underwent a multimillion renovation and restoration by Heritage Links and Robert Trent Jones II, Golf Course Architects that included updates to the Princeville Clubhouse designed by Group 70 International. Montage...
DIA?s November traffic up 1.6%; manager predicts record year
Posted: Tue Feb 07 18:22:20 PST 2012Denver International Airport said Tuesday that its November passenger traffic was up 1.6 percent from a year earlier. The airport counted 4,088,543 passengers in November, bringing year-to-date traffic to 48,552,636, also up 1.6 percent from the same period of 2010. ?There is no question that Denver International Airport is on track for another record-breaking year,? DIA Aviation Manager Kim ...
Group lists who 'owns' Congress members
Posted: Tue Feb 07 16:52:28 PST 2012If you believe Congress members can be bought by the money that is donated to them by businesses and groups, then the National Association of Realtors owns California and Emily's List owns eight other states. MapLight, a nonpartisan research group that focuses on money and politics, released that information and a database showing the top five business and group donors to sitting members of Co...
Hawaiian Airlines posts January traffic gains
Posted: Tue Feb 07 16:48:14 PST 2012Hawaiian Airlines flew 6.8 percent more passengers in January when compared to last year, the Honolulu-based airline said Tuesday. Hawaiian, a subsidiary of Hawaiian Holdings Inc. (Nasdaq: HA), flew a total of 738,981 passengers last month, compared to 691,932 during January 2011. The airline?s traffic, or revenue passenger miles, rose 12.9 percent in January, while capacity, or available sea...
Fannie Mae expands online sales of foreclosed homes
Posted: Tue Feb 07 16:48:03 PST 2012Fannie Mae, which began a pilot program in Orlando, San Diego and Detroit in 2010 to take offers for Fannie Mae-owned houses online, is expanding the online program nationwide. Through its HomePath program, real estate agents can now submit offers on behalf of potential buyers online, get online confirmation and track the status of their offers through the HomePath.com website. "Collecting of...
New York Life Insurance opens Maui office
Posted: Tue Feb 07 16:46:38 PST 2012New York Life Insurance Co.?s Hawaii operation has expanded to Maui with the opening of an office in Kahului. The 450-square-foot office at 173 Alamaha St. is managed by Ed Fabregas, who relocated from New York Life?s Dallas office to establish the company?s presence on Maui. The office also has two agents. ?We?ve been serving clients across the state for more than 130 years through our Honol...
Western Union Q4 profit up 86%; CEO sees ?challenges? in 2012
Posted: Tue Feb 07 16:17:21 PST 2012The Western Union Co. posted sharply higher fourth-quarter profit Tuesday, with earnings in line with analysts? expectations, but its CEO sounded a note of caution for 2012. The Douglas County-based global money-transfer company (NYSE: WU) reported results for the quarter ending Dec. 31, 2011, and full-year 2011, after the markets closed Tuesday. Western Union posted net income for the quarte...
Twitter tidbit: Bay Citizen and CIR sign letter of intent to merge
Posted: Tue Feb 07 16:11:39 PST 2012"It's official," The Bay Citizen announced via Twitter at mid-afternoon. "#baycitizen and #cir center for investigative reporting sign letter of intent to merge. Details to come." For context -- some say it's too long to count as a blog post -- see my earlier post today about the Bay Citizen's saga and recent struggles and its hope that a merger with the smaller Center for Investigative Report...
Victory Park condos sell for $32M at foreclosure auction; retail site sells for $3.5M
Posted: Tue Feb 07 16:10:17 PST 2012The majority of a Victory Park condo project was sold back to its lender for $32 million on Tuesday, along with a nearby retail site for $3.5 million at Tuesday's foreclosure auction in Dallas County. German-based lender HSH Nordbank AG purchased the project's 112 remaining condos at Continental Avenue and Houston Street and a 24,000-square-foot retail site on Houston Street. HSH Nordbank was...
The 2 Dow Stocks Up on Real News
Posted: Tue Feb 07 21:46:32 PST 2012Breaking down the market. ...
Is Microsoft Losing It?
Posted: Tue Feb 07 20:08:09 PST 2012Microsoft's string of Android licensing hits a roadblock. ...
There's Nothing Mickey-Mouse About These Profits
Posted: Tue Feb 07 19:14:58 PST 2012Disney spins a slim revenue stream into lots of bottom-line gold. But the true test will come later. ...
1 Reason the Dow Is Hitting Multiyear Highs
Posted: Tue Feb 07 19:08:45 PST 2012...
Will This Marriage Disrupt the Streaming Industry?
Posted: Tue Feb 07 19:08:36 PST 2012...
Is It Too Soon to Bury the Electric Car?
Posted: Tue Feb 07 18:50:08 PST 2012Change doesn't happen overnight. ...
How Do These Casinos Boost Their Returns?
Posted: Tue Feb 07 18:31:52 PST 2012Break it down with the DuPont Formula. ...
K12 Flunks Second Quarter
Posted: Tue Feb 07 18:24:08 PST 2012Earnings are way down at the growing childhood educator. Can they turn it around? ...
Apple Scores an Enterprise Win. (Sorry, RIM.)
Posted: Tue Feb 07 18:08:24 PST 2012Halliburton will be switching thousands of BlackBerrys to iPhones. This is just the beginning. ...
Wabash National Shares Surged: What You Need to Know
Posted: Tue Feb 07 17:37:23 PST 2012Is this meaningful? Or just another movement? ...
