Folsom Bank enjoys first-half profit

Folsom Lake Bank earned $61,038 in the first half, up from a loss of $543,084 for the first six months of 2009.
The 2007 startup ended […]

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Stealth ban on Gulf drilling

The offshore drilling ban imposed after the BP disaster is only supposed to hit operations in deep water — 500 feet or more.
But drillers […]

Boeing, Russia ink deal for 50 737s

Boeing Co. plans to sell 50 of its 737 airliners to Russia under an agreement signed Thursday during President Dmitry Medvedev’s visit to Washington. […]

General Dynamics buys Kylmar Limited

Falls Church-based General Dynamics is expanding in Europe, acquiring sensor and surveillance systems maker Kylmar Limited.
General Dynamics did not disclose the value of the cash […]

Irish bailout fallout — in Buffalo?

Citigroup is not the only big bank that may soon have a flood of shares hitting the market.
M&T (MTB), the big Buffalo-based regional bank […]

Stocks abandon rally

Stocks gave up gains Thursday, ending little changed, as a late-session bounce in the dollar sapped the strength out of a rally that had […]

Australian Employers Add Fewest Jobs in Six Months

Australian employers added the fewest jobs in six months in February, suggesting the central bank has room to slow the pace of future interest-rate […]

Kansas City-area employers increase online job advertising in January

Kansas City-area employers are ramping up online advertising of job vacancies, posting 15,000 new ads in January, more than the prior month and significantly more […]

Hatoyama Proposes Record Budget, Exacerbating Japan Debt Burden

Prime Minister Yukio Hatoyama unveiled a record budget of 92.3 trillion yen ($1 trillion) aimed at increasing the wealth of Japanese households and reducing […]

Greenspan Sees Jobs Rebound as Stretched Companies Boost Output

Former Federal Reserve Chairman Alan Greenspan said today he expects a quick rebound in jobs because companies are stretched to expand production after workforce […]