Content about Bank

August 8, 2014

Red Bank, New Jersey-based Homebuilder Hovnavian enterprises announced this week that it plans to build a community in Summersville, South Carolina. The gated community, Four Seasons at Lakes of Cane Bay, will contain 800 homes.

December 10, 2013

Have you been to a movie lately? After you buy your large tub of buttered popcorn, your tray of pretzels, cheese dip and Diet Coke (you wouldn’t want regular Coke with all its calories), the ponytailed 16-year-old behind the counter asks if you want a receipt. After you fill your tank, the pump asks: “Receipt? Yes or No.” Ditto for your ATM.

Someone, somewhere has wondered, “How much do we spend on these rolls of receipt tape?”

April 9, 2013

“The way in which your company disposes of sensitive information can have significant consequences on your business,” said Al Saikali, an attorney and co-chair of Shook Hardy & Bacon’s Data Security and Data Privacy Practice Group, based in Miami.

December 18, 2012

A Chinese bank funding two huge Lennar Corp. housing developments has attached a condition to the loan, according to an article in the Wall Street Journal: Lennar must work with a Chinese state-owned contractor.

September 27, 2012

Eagle Materials, a major cement and gypsum supplier, agreed to buy cement plants and a variety of related businesses from Lafarge North America.

The purchase price of $446 million is expected to be funded primarily by borrowings under Eagle’s existing bank credit facility, with the remainder funded by the proceeds of an equity offering, the company said.

August 29, 2012

Crime and punishment, redux The following is a letter in response to “Illinois contractor gets 10-year sentence for asbestos violation.”

August 3, 2012

 

An article headlined “Illinois contractor gets 10-year sentence for asbestos violation” generated the following reader comments:

August 1, 2012

Employee morale The following is a response to the article, “Unhappy employees are staying put.”

“[Unhappy employees are] soon to be going, or at least when the economy improves — that’s when they will leave in droves because of extreme low pay and lack of respect from employers. Why wouldn’t they? No one likes being used or abused. Do you?” — Rick Heath

August 1, 2012

Employee morale The following is a response to the article, “Unhappy employees are staying put.”

“[Unhappy employees are] soon to be going, or at least when the economy improves — that’s when they will leave in droves because of extreme low pay and lack of respect from employers. Why wouldn’t they? No one likes being used or abused. Do you?” — Rick Heath

July 30, 2012

Several cities in California’s Inland Empire, which was devastated by the housing bust, have decided not to wait around for relief from the feds or the banking industry. They are ready to invoke a rarely used power -- eminent domain -- to stop foreclosures in their communities and help struggling homeowners restructure their mortgages.

The banking and securities industry is not excited over the idea.

June 12, 2012

Red Bank, N.J.-based Hovnanian Enterprises posted second-quarter net income of $1.8 million, compared with an after-tax net loss of $72.7 million the second quarter of 2011. Total revenues for the second quarter ended April 30 were $341.7 million, up 34% from $255.1 million in the second quarter of the previous year. 

June 2, 2012

With the help of a county land bank and a city redevelopment agency, Rylee’s Ace Hardware is planning a new store on the site of an abandoned gas station in Grand Rapids, Mich., according to a report in MLive.com.

May 2, 2012

The National Retail Federation is responding to a report from the Federal Reserve, which revealed that debit card swipe fees collected by the nation's largest banks have significantly dropped since reform regulations took effect last fall. 

April 12, 2012

A suspected bank robber in Santa Fe, N.M. was arrested this week after a Lowe’s employee uncovered more than $48,000 in stolen cash from a store trash can, according to an article in the Albuquerque Journal. 

Jaime Jesus Sanchez-Ramos, age 23, was arrested on April 10 and charges with an April 2 robbery at U.S. Bank. The suspect, who was wearing a green hooded jacket and a ski mask, allegedly entered the building and, at gunpoint, demanded money from a teller. Sanchez-Ramos fled with a box of cash stuffed with $52,650, according an FBI affidavit filed in court.

March 20, 2012

By late 2008, Mike Petro had seen enough. It was, for many, the height of the financial mess in this country, marked by bank failures, mortgage crisis, and bailouts; in his view, the financial structure of the United States was teetering on the brink.

“Middle-class workers were taking out home equity loans to pay bills because they were maxed out on their credit cards; their 401(k) plans were shrinking,” Petro said.

March 20, 2012

“The last four years have been tough for the building community, especially the smaller, family-run stores. 

“It has been hard to deal with changing bank regulations after you have been in business more than 30 years, and everything as you knew it has changed. We have watched many of our friends go down, both competitors and customers. We are still standing, but every day is a challenge. 

November 7, 2011

A reply to an email arrived in my inbox the other day. It read, in part: “After 99 and 1/2 years and four generations, the ‘community’ bank refused to renew our line of credit. Would love to discuss this issue.”

It was a message from Jack Coleman, who was winding down operations at his fourth-generation lumberyard and home center in Harrodsburg, Ky., not far from Lexington.

October 13, 2011

The National Retail Federation Wednesday said that legislation introduced in the House to repeal debit card swipe fee reform would cost consumers more than $6 billion a year in savings that merchants plan to pass along to their customers. 

October 13, 2011

The National Retail Federation Wednesday said that legislation introduced in the House to repeal debit card swipe fee reform would cost consumers more than $6 billion a year in savings that merchants plan to pass along to their customers. 

August 31, 2011

Guns and hardware
 “Gun thieves will resort to any means to achieve their goal. Dealers take multiple efforts to prevent the thieves from access and slow the theft (these include vehicle barriers, steel doors and curtains, in-store safes and in-store bank vaults) to allow time for the police to respond. The truth is if someone wants to steal something and they are intelligent, they will figure out a way to do it or at least try.”
 — Bruce Pfuhl
 Sales manager hardware/industrial/AG Benchmade Knife Co.



August 18, 2011

The U.S. Michigan Court of Appeals has upheld the construction lien of Stock Building Supply over AmTrust Bank in a residential foreclosure case, according to an opinion released on Aug. 2. 

June 30, 2011

On customer safety


June 30, 2011

On customer safety