One-time expenses create 'noise' for Central Pacific Financial's Q3 earnings report Central Pacific Financial Corp., parent of Hawaii-based Central Pacific Bank, reported a $2 million drop in third quarter profits, but much of that can be explained by non-recurring expenses.
Those expenses include $1.3 million spent on consolidating two Waikiki branches and moving operations to a new one and an income tax expense of $900,000. But it also includes recovered income of $600,000 from a previous counterparty loss related to its relationship with Lehman Brothers in 2008.
Thu, 30 Oct 2014 17:14:00 +0000 United Way comes up short of Greater Cincinnati campaign goal The United Way of Greater Cincinnati fell short of its 2014 campaign goal, it announced at its annual luncheon on Thursday.
This year's campaign raised a total of $61 million.
The nonprofit group warned last week that it might miss both its 2014 fundraising goal of $63 million and fall short of last year's total.
In 2013, the campaign sought $62.85 million and finished with a pot of $61.7 million.
The 2014 goal was the largest the local United Way ever set.
A spokeswoman for the agency said…
Thu, 30 Oct 2014 17:14:00 +0000 Fewer St. Louis homes in foreclosure during September Foreclosures in St. Louis and Missouri were down slightly in September when compared to the same time last year, according to data from California-based real estate tracker CoreLogic.
St. Louis' foreclosure inventory rate was 0.8 percent in September, down 0.3 percent from September 2013. In all, 6,386 completed foreclosures were reported in the 12 months ended Sept. 30 in St. Louis. That a significant drop from the 9,700 homes that were foreclosed on during the same time period in 2013.
Thu, 30 Oct 2014 17:11:00 +0000 Reagan National ranked a top airport for long layovers Nobody likes a long airport layover, but for travelers who find themselves with lots of time on their hands at Reagan National Airport, Metro makes it possible to do a little sightseeing.
Hotels.com ranks Reagan National and San Diego International the best domestic airports for long layovers, where a $3 Metro trip in Washington or a $3 bus ride in San Diego can take travelers to the cities' downtown areas within 15 minutes.
Hotels.com's Airport Transportation Insider report looked at transit options…
Thu, 30 Oct 2014 17:11:00 +0000 Roses owner to partner with Save-a-Lot for new grocery in southeast Raleigh Owners of the Roses discount retail chain have decided not to go it alone in opening a new grocery store location – as has been promised– at a southeast Raleigh shopping center.
Instead, Roses' parent company Variety Wholesalers – which counts Art Pope among its owners – will partner with Save-a-Lot, a national discount grocery chain that has a much larger wholesale food distribution model than Variety Wholesalers would be able to create itself, says company president Wilson Sawyer.
Thu, 30 Oct 2014 17:10:00 +0000 Bo Ryan, Gary Anderson are highest-paid UW System employees It's no secret that big-time college athletics programs bring in big-time money, but they're also expensive to operate — and that includes coaches' salaries. So it should be no surprise that the highest-paid employees among University of Wisconsin System staff lead high-profile sports programs.
Top on the list for fiscal year 2014 is UW-Madison men's basketball coach Bo Ryan, with a total salary of $2.4 million. A close second is Gary Anderson, the Badgers' head football coach, earning a total…
Thu, 30 Oct 2014 17:09:00 +0000 Host Hotels sees higher revenue and room rates Bethesda-based Host Hotels & Resorts, whose more than 100 hotel properties include the Tysons Corner Ritz-Carlton and Key Bridge Marriott, follows other hotel owners and operators in reporting improving business.
Host had third quarter revenue of $1.29 billion, up 6.9 percent from a year earlier. Net income was $145 million, or 19 cents per share, compared with net income of $18 million, or 3 cents per share, a year ago.
Revenue per available room rose 8 percent. Rates were up 6.4 percent. Occupancy…
Thu, 30 Oct 2014 17:09:00 +0000 Kidizen lands investment from Gopher Angels, plots next round Tech startup Kidizen, which makes a mobile app for buying and selling used kids' clothing and toys, has raised $135,000 from Gopher Angels and plans to open up another round of funding to accelerate its growth.
Gopher Angels' investment brings the total amount raised by Kidizen during its most recent round to $530,000.
The Minneapolis-based startup now plans to seek $1.8 million in equity financing, CEO Dug Nichols said. The company will put that money toward marketing, building a data-analytics…
Thu, 30 Oct 2014 17:09:00 +0000
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