Independent News‘Business’ Archives
AIG repays nearly $1B of TARP loan, still owes $50B
The U.S. Department of the Treasury announced on Tuesday that it had received an additional repayment from American International Group (AIG) of $972 million. The payment was funded primarily through the scheduled release of escrowed proceeds from AIG’s sale of its American Life Insurance Co., or [...]
Transocean wants BP to pay up
Reuters reports that the owner of the Deepwater Horizon rig, Transocean Ltd, has asked a federal judge in New Orleans to order BP to cover a variety of its damages and other costs arising from the largest U.S. oil spill. Read more.
St. Pete Times to change moniker
My beloved St. Petersburg Times will change its name to Tamba Bay Times, effective Jan. 31: From CEO Paul Tash: "Since I started here as a reporter in 1978, I have answered my phone with some version of "St. Pete Times." I will need to learn a new habit. Starting Jan. 1, this newspaper [...]
Call for Wall Street Justice
Washington Post columnist Richard Cohen joins the growing list of people asking for justice over the financial meltdown that has crippled this country's economy. The SEC fined Citigroup $285 million, which barely put a dent in the company's $3.8 billion profit last quarter. Cohen: The [...]
Bob Tyler gets butt kicked
The car business is a tough one. Territorial lines get blurred as brand dealerships have reached further and further for customers since the recession. Bob Tyler once dominated Toyota sales in the region. That was until Eastern Shore Toyota built four yeas ago near Malbis. Since then, Bob Tyler [...]
Blue Angels App Just Released
Press Release:Just in time for the Blue Angels Homecoming Air Show, the Naval Aviation Museum Foundation is excited to announce the release of the Blue Angels app. The Blue Angels app is available for $1.99 from the iTunes app store and the Android Market. Net proceeds go to support the Naval [...]
BP inks deal with GE Wind
Pensacola is the beneficiary of a new contract signed by GE Wind with BP Wind Energy. GE Wind announced last week that Houston-based BP Wind Energy is purchasing 350 GE 1.6-megawatt wind turbines for U.S. wind farm projects being developed in 2011 and 2012. Total value of the equipment orders and a [...]
Putting our economic system in perspective
Niall Ferguson (Harvard Business School and Newsweek Contributor) points out (a point which those in tents right now might find thought-provoking) that no matter what its ills, our business climate is about the only thing that could have produced Steve [...]
When in doubt hire a consultant
TEAM Santa Rosa recently disseminated a Request for Proposal in solicitation of a consultant who would be contracted to determine the best structure for Santa Rosa County’s economic development organization. Responses to this request are due on Tuesday by the close of business. No word whether [...]
Bill Gates reflects on Steve Jobs
Microsoft Chairman shares his reflections on Steve Jobs and talks about continuing foreign aid and Source: ABC
Has Mickey Mouse taken over Florida Chamber?
The Florida Tribune reports that some Florida Chamber members are upset with its 2012 legislative agenda that is against allowing casinos in South Florida and for preserving a controversial tax advantage for Internet-based travel companies. Orlando Sentinel tied the agenda to one of the Chamber's [...]
Santa Rosa County gets more competitive for jobs
Santa Rosa County commissioners last week approved a revision to its incentive program to attract jobs to their county. TEAM Santa Rosa can now offer to reimburse companies between $200 and $800 per employee, per year, if their average salary is at least 85 percent of the county’s current average [...]