http://financialmarketweblog.com Business news Thu, 29 Jul 2010 03:39:03 +0000 http://backend.userland.com/rss092 en Amazon shares plunged 13% in after-hours trading Thursday after the company's second-quarter earnings came up far short of analyst expectations.Amazon's sales are still growing fast: The company had revenue of $6.6 billion in the quarter ended June 30, up 41% from a year ago. Amazon's profit also rose, ... http://financialmarketweblog.com/amazon-shares-tumble-despite-41-sales-growth/ Baltimore City Council should require that all city workers are paid a higher living wage before it takes a second look at imposing the requiring on large retailers, a key city councilman said. Councilman Warren Branch, chairman of City Council’s Labor subcommittee, raised the issue during a hearing on ... http://financialmarketweblog.com/living-wage-proposal-for-city-workers-could-be-next/ A Colorado delegation's weeklong economic development mission to Israel was "a success on all fronts -- business, academic and research," said Gov. Bill Ritter, who led the group. “We created a solid foundation for future economic activity, set the stage for immediate follow-up meetings in Colorado and laid the ... http://financialmarketweblog.com/ritter-calls-colorado-eco-devo-mission-to-israel-a-success-on-all-fronts/ Ohio Attorney General Rich Cordray has struck a $725 million settlement with American International Group to resolve charges of bid-rigging, accounting fraud and other practices that officials said led investors nationwide to lose millions. New York-based AIG through the settlement has agreed to put up $175 million upon preliminary ... http://financialmarketweblog.com/aig-agrees-to-725m-settlement-in-bid-rigging-case/ Research Triangle Park-based Semiconductor Research Corp. is getting some big backing from IBM (NYSE: IBM) and energy giant ABB (NYSE: ABB), both of which are putting money into SRC’s $5 million clean energy initiative. SRC supports numerous faculty research projects at universities across the country. In the clean energy ... http://financialmarketweblog.com/ibm-and-abb-support-clean-energy-programs/ Advanced Inquiry Systems Inc., a company developing a semiconductor testing technology, has raised $10 million in a Series C round from a group of investors, according to a new filing with the U.S. Securities and Exchange Commission. The money will be used to help bring a product to market. ... http://financialmarketweblog.com/advanced-inquiry-systems-raises-10-million/ The board of directors of Computer Services Inc. has approved a 15.8 percent increase to its quarterly cash dividend. The dividend was raised to 11 cents per share from 9.5 cents per share. The dividend is payable Sept. 24 to shareholders of record Sept. 1. It is the 22nd ... http://financialmarketweblog.com/computer-services-inc-increases-dividend/ Banner Corp. said it issued more than 85 million shares of stock at $2 per share in a recent stock offering and raised about $162 million, after discounts and commissions were deducted. Last week, Walla Walla-based Banner (NASDAQ: BANR), parent of Banner Bank and Islanders Bank, said it “intends ... http://financialmarketweblog.com/banner-raises-162m-in-stock-offering/ The leaders of the Group of Eight world economic powers have taken the first steps toward a "broad consensus" on the need to balance growth with shrinking deficits, a senior White House official said Friday.President Obama attended a luncheon at the G-8 summit in Toronto to discuss economic ... http://financialmarketweblog.com/early-signs-of-consensus-at-g-8-summit/ Guilford County School has applied for more than $17 million in federal grants to help it achieve goals contained in the district's strategic plan. One application is to the Teacher Incentive Fund for $12.5 million to support individual and school-wide incentive programs. A separate grant of $5 million from ... http://financialmarketweblog.com/gcs-applies-for-federal-grants/