| Wachovia to add 300 jobs in San Antonio | | Posted Saturday, February 10, 2007 12:46:47 PM by Blog57 Team | | Wachovia Bank is expanding its presence in Texas by adding more than 300 jobs to its 24-hour contact center in San Antonio. Wachovia Bank, the principal operating subsidiary of Charlotte-based Wachovia Corp. (NYSE:WB), acquired the telephone banking-service facility -- known as the Wiseman Boulevard Operations Center -- as part of its 2006 purchase of Golden West Financial Corp., the parent company of World Savings Bank. .... | |
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| | | Northwest Arkansas Housing Market Slumps | | Posted Monday, January 29, 2007 2:47:04 PM by Blog57 Team | | A five-year bull run in area residential home construction and record real estate prices hit a wall in late August. The slowdown was felt in the small-business, banking and construction sectors of the local economy.Kathy Deck, economist with the University of Arkansas, said the downturn was consistent with a national trend of the biggest decline in home building in 15 years.Many economists and federal reports indicated that the end of a five-year housing boom has taken a toll on the nation's economy, reducing the economic growth to an annual rate of 2 percent -- the slowest pace of the year.Month after month news of declining home sales reported by the Arkansas Realtors Association was offset by optimism from builders and real estate agents until a builder bankruptcy case made headlines in October.Bella Vista-based Betty's Homes Inc.... | |
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| | | Australia Adds Three Times as Many Jobs as Expected (Update6) | | Posted Saturday, January 13, 2007 12:46:33 PM by Blog57 Team | | Jan. 11 (Bloomberg) -- Australian employers added three times as many workers as forecast in December, capping the strongest year of jobs growth since 1989. The nation's currency rose on expectations the central bank may raise interest rates. Employment climbed 44,600 last month after advancing a revised 43,000 in November. The unemployment rate was unchanged at 4.6 percent, the Bureau of Statistics said today in Sydney. A 30-year-low jobless rate may stoke wages growth and inflation, which has breached the Reserve Bank's target for two successive quarters, forcing Governor Glenn Stevens to add to last year's three rate increases. Reports this week showed consumer confidence rose to a 17-month high, exports gained for a third month and building approvals surged in November.... | |
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| | | Emiratisation programme targets 2,000 jobs this year | | Posted Monday, January 08, 2007 2:47:14 PM by Blog57 Team | | Dubai: The Emirates National Development Programme (ENDP) aims to employ 2,000 UAE nationals this year, a senior official has announced. Ahmad Al Tayer, Chairman of the ENDP's Board of Trustees, said at a press conference announcing the organisation's annual emiratisation report that 2006 was a success in achieving a sufficient emiratisation rate and that 2007 will witness even greater success. The ENDP was launched in November 2005 by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. The programme has identified six sectors which would provide long-term career opportunities. The sectors are real estate, semi-government, insurance, banking, trade and hospitality. Therefore this year might witness a greater number of UAE nationals employed in those sectors, according to Al Tayer.... | |
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| | | Banking Shares Help Europe | | Posted Saturday, December 09, 2006 12:47:06 PM by Blog57 Team | | European stocks closed modestly higher Friday, as gains in the banking sector managed to offset weakness among mining stocks. European markets were particularly volatile in afternoon trading as traders digested better-than-expected U.S. jobs data. Barclays climbed 3.3% in London on speculations Bank of America is interested in making a bid for $117.6 billion, offering a premium of 25% to 30%. Other U.K. banking stocks, including Lloyds TSB and Royal Bank of Scotland, also advanced. Other European banking stocks were broadly lower, with Societe Generale, down 0.2% and BNP Paribas down 0.7% in Paris after Citigroup downgraded the European banking sector to neutral from overweight. Weakness in metals shares limited gains. Shares in BHP Billiton lost 2.8%, shares of Rio Tinto dropped 1.9% and shares of AntoFagasta closed down 4.2% after Merrill Lynch downgraded the mining sector to neutral, citing concerns over a slowing global economy next year and manipulation of metal prices by hedge funds and other investors.... | |
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| | | Sales down, losses up, TRM layoffs afoot | | Posted Wednesday, November 15, 2006 6:46:52 AM by Blog57 Team | | Copier and banking-machine company TRM Corp. announced that it is reducing expenses and restructuring the company to keep ongoing operating expenses lower, to address the company's losses and debt obligations. TRM (NASDAQ: TRMM), headquartered in Portland, reported third-quarter sales of $51.1 million, down from $57.9 million in the same quarter last year. .... | |
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| | | Banking matters: Women and profit | | Posted Tuesday, November 14, 2006 12:47:09 PM by Blog57 Team | | LONDON: On a global scale, Lloyds TSB has more women in top management than most banks. It is also the most profitable bank in Britain, with a 33 percent profit on average capital in 2005, according to statistics from The Banker. Whether or not these two things are related, the fact is that of the FTSE 100 index of Britain's largest companies, the bank has the most female executive directors on its board. They include finance director Helen Weir and Terri Dial, the head of British retail banking, which is responsible for about 40 percent of the bank's pre-tax profit. In all, 21 percent of its senior managers are female and 38 percent of its general managers - quite outside the norm in banking. "There was quite a gasp when I walked in," says Diana Brightmore- Armour, who became head of corporate banking at Lloyds TSB in 2004, after working as director of treasury and planning at Coca-Cola in Atlanta.... | |
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| | | BankFirst expands socially responsible banking program | | Posted Tuesday, November 14, 2006 2:47:33 AM by Blog57 Team | | BankFirst expanded its socially responsible banking program into west Orange County and the surrounding area. The 17-year-old, community-owned commercial bank launched the program in Winter Park in November. The public-private partnership between the bank, local governments and local organizations guarantees depositors' funds are invested locally to provide loans to support community needs. .... | |
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| | | Goldman Sachs to invest one billion and hire hundreds in high paying jobs in India | | Posted Sunday, November 12, 2006 10:47:03 PM by Blog57 Team | | Global investment banking major, Goldman Sachs on Tuesday said it would invest one billion dollar over the next two years in the country for business expansion. "The company will make capital investment of one billion dollar over the next two years as Goldman Sachs has long term view on the Indian market," Goldman Sachs-India CEO L Brooks Entwistle said in New Delhi. Currently, Goldman Sachs has its offices in Bangalore and Mumbai. "We are very bullish on India and we want to have all our businesses including asset management in the country over a period of time, he said. OUTSOURCING ARTICLES Goldman Sachs to invest one billion and hire hundreds in high paying jobs in India Media Release Global investment banking major, Goldman Sachs on Tuesday said it would invest one billion dollar over the next two years in the country for business expansion.... | |
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| | | Job Stores announce month's workshops | | Posted Saturday, November 11, 2006 6:48:36 PM by Blog57 Team | | Northcoast Jobs Connection has one-stop Job Stores in three area locations: Oak Harbor, Fremont and Norwalk. Each Job Store offers numerous services and resources for those looking for work and employers with jobs to fill. Seminars are free and open to anyone in the community. The seminars are also available to be customized for employers and delivered on site. For information, call 419-559-2239. .... | |
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