Barack Obama names Joseph Biden as his VP

Barack Obama has picked Joseph Biden as his U.S. vice presidential running mate, Reuters and AP have reported, citing several unnamed sources in the Democratic Party.

Mr Biden, 65, is chairman of the Senate Foreign Relations Committee and a highly respected voice on international affairs.
Mr Obama’s presidential rival Reublican John McCain has not yet named […]

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Investors Look For Alternative Investment To Bear Market

Feeling uneasy about your long or short-term market investment lately? With the recent ups and downs on Wall Street, many Americans are taking their money out of standard stock funds and holding on to it. According to PickLogic (www.PickLogic.com), an alternative investment option, some investors are putting their money in rather untraditional places, like foreign […]

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Layoffs Forecast: 2008 Survey Finds Severe Job Cuts to be Made This Year

Career Protection’s Annual 2008 Layoffs Forecast paints an ugly picture of cuts in jobs for this upcoming year. Over 1,375 corporate executives nationwide completed the confidential annual survey regarding workforce reduction plans conducted by the employment law and human resources experts of CareerProtection.com this month (Survey conducted January 2-25, 2008).
“This is our worst layoff forecast […]

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Three Possible U.S. Dollar Scenarios

In this issue of Money and Markets, Jack Crooks takes a closer look at three different scenarios for the dollar. Mr. Crooks explains why each of the three scenarios is possible and which ones are most likely to occur.Forecasting market tops and bottoms is a mug’s game. In reality, the best investors can do is […]

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Refinance Now Before Housing Prices Continue Decline

With the recent surge in foreclosures, home-owners are starting to feel the pinch as housing values decline hence, limiting the ability for many to capitalize on the recent low rates. In many areas housing prices have fallen as much as 10% over the holiday season due to the slow down in the economy and banks […]

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Johnson Controls and Texas Instruments Discuss Security Issues in SecurityStockWatch.com Interviews

Business Comments (0)

“We think that as the convergence of physical security and IT advances, its benefits become more and more obvious to our customers. It leads to new and innovative products that are also more affordable than ever before. And as the security and fire safety market continues to grow, Johnson Controls (NYSE: JCI - News) will continue to invest resources in developing IP devices and wireless technologies. Johnson Controls possesses great advantages because of our years of experience within building environments, our ability to maintain a highly educated staff and continuously hire new employees from around the globe, our size and at the same time the scalability of our offerings. Our value proposition lies within the relationships that we have built throughout the years and our ability to deliver on our promises to our customers. As a global integrator, Johnson Controls can build highly complex solutions that involve the integration of building systems and applications with fire and security systems, creating tremendous benefits for our customers”. These are among the insights discussed by Mr. Joel Lehman, VP & GM Fire and Security Solutions, North America, Johnson Controls.(www.JCI.com). Please see the entire interview here: www.securitystockwatch.com/Interviews/in_Boardroom_JCI.html.


And Mr. V.C. Kumar, Manager, Government ID, Texas Instruments (NYSE: TXN - News) told us, “TIA’s RF360 is the first smart integrated circuit platform designed and developed specifically to meet the ever-changing demands of secure contactless applications including those in the government electronic identification market. The RF360 provides much needed chip transaction speeds and supports increased functionality without compromising security. This is due to our “grounds-up” smart IC design which integrates a suite of prove, next generation technologies advanced non-volatile Ferroelectric Random Access Memory (FRAM) technology and a 16-bit high performance ultra-low power microcontroller.” Please see the entire interview here: www.securitystockwatch.com/Interviews/in_Boardroom_TI.html.
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admin @ October 22, 2008

Bancorp Announces 3rd Quarter 2008 Results

Companies Comments (0)

Community Bancorp (NASDAQ: CBON - News), the Las Vegas-based community bank holding company with $1.79 billion in total assets as of September 30, 2008, operating through Community Bank of Nevada and Community Bank of Arizona, today announced financial results for the three and nine months ended September 30, 2008.

Third Quarter 2008 Overview

Linked Quarter

• The Company’s net loss for the third quarter of 2008 declined to $3.0 million, compared to a net loss in the second quarter of 2008 of $4.6 million.
• The provision for loan losses declined to $8.0 million for the third quarter of 2008, compared to $14.2 million in the second quarter of 2008.

• Non-performing loans increased to $185.5 million, or 12.5% of gross loans, at September 30, 2008, compared to $69.3 million at June 30, 2008, or 4.6% of gross loans. Thirteen relationships comprise $147.1 million, or 79.3%, of the September 30, 2008 non-performing loans and a specific loan loss allowance of $13.0 million has been established for anticipated losses on these loans.

• The Company’s capital ratios continue to be above the well-capitalized guidelines established by bank regulatory agencies with total risk-based capital at 12.30%.

2008 versus 2007

• The Company incurred a net loss for the three and nine months ended September 30, 2008, of $3.0 million and $4.9 million, respectively, compared to net income of $5.5 million and $16.6 million, respectively, in the same periods in 2007.
• For the third quarter of 2008, the provision for loan losses amounted to $8.0 million, compared to $533,000 for the same period in 2007. For the nine months ended September 30, 2008, the provision for loan losses amounted to $26.4 million, compared to $1.5 million for the same period in 2007.

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admin @ October 22, 2008