Below please find daily updates pertaining to the latest in financial, business, and tax news:
Rise in home prices could shift Oahu from a buyer?s market
Posted: Tue Feb 07 16:04:38 PST 2012The newly released January 2012 Honolulu Board of Realtors statistics showing both a rise in median sales prices for single-family homes and condos could signal a shift to a seller?s market. This is especially true when looking at the steady rise of the median cost of single-family homes and condos, which has steadily increased during the past five months. The report noted that the median sal...
Toro CEO Hoffman gets raise to nearly $5 million
Posted: Tue Feb 07 16:03:41 PST 2012Tracking the pay of Minnesota?s business leaders Mike Hoffman CEO The Toro Co. (NYSE: TTC)Headquarters: BloomingtonBusiness: Makes lawn mowers and snow blowers. The Toro Co. (NYSE: TTC) Headquarters: BloomingtonBusiness: Makes lawn mowers and snow blowers. Total pay 2011: $4.87 million, up 9 percent2010: $4.46 million 2009: $2.46 million Base salary 2011: $848,0002010: $818,000 Bonus...
Robertson Properties submits draft EIS for Aiea project
Posted: Tue Feb 07 15:58:59 PST 2012Robertson Properties Group said Tuesday that it has submitted a draft environmental impact statement for its $767 million mixed-use development on the site of the former Kamehameha Drive-in property in Aiea. Roberston Properties proposes to rezone the 14-acre property across from Pearlridge Center for a complex that will include as many as 1,500 multifamily homes, about 143,000 square feet of ...
3M increases quarterly dividend
Posted: Tue Feb 07 15:50:50 PST 20123M Co. on Tuesday said its board has increased the company's quarterly dividend by 7 percent to 59 cents per share. "This increase reflects the company?s solid financial performance and our confidence in our future,? 3M (NYSE: MMM) CEO George Buckley said in a news release. "Our strong cash generation and the strength of our business model allow us to continue investing in future growth opport...
Hoku Corp.?s stock gains nearly 10% in Tuesday trading
Posted: Tue Feb 07 15:50:48 PST 2012Hoku Corp.?s stock gained nearly 10 percent Tuesday, but the majority of Hawaii stocks finished lower on an otherwise good day for the broader markets. The Dow Jones Industrial Average gained 33.07 points, or 0.26 percent, to close at 12,878.2, while the Nasdaq gained 2.09 points, or 0.07 percent, to close at 2,904.08. Gainers: Bank of Hawaii Corp. (NYSE: BOH) closed at $47.15, up 59 cents, o...
Southern Family Markets selling stores to Belle Foods
Posted: Tue Feb 07 15:43:55 PST 2012Southern Family Markets plans to sell 57 stores to a newly formed company in Birmingham. According to the Birmingham News, Southern Family Markets will sell its stores in Alabama, Florida, Mississippi and Georgia to Birmingham-based Belle Foods LLC, which was formed to purchase the stores. Southern Family Markets purchased 31 former Bruno?s Supermarket and Food World locations in 2009, follow...
Valley View Center gets stay at foreclosure auction
Posted: Tue Feb 07 15:39:01 PST 2012Dallas? Valley View Center wasn't sold at Tuesday's Dallas County foreclosure auction and will likely be reposted at the March 6 auction. The 1.1-million-square-foot property could be reposted for foreclosure several times, which is not unusual for larger properties, said George Roddy Sr., president of Addison-based Foreclosure Listing Service Inc. "The lender makes the decision, and in some ...
Startup VA study shows a ?sleeping giant? of tech M&A
Posted: Tue Feb 07 15:27:32 PST 2012Last week, we teased some of Jonathan Aberman?s report examining six years of acquisitions in the Greater Washington region and Silicon Valley. But there?s a lot more to this study than the nugget we included. Aberman, managing director of McLean-based Amplifier Ventures and president of FouderCorps, crunched data from thousands of technology-related M&A deals in the two regions since 2006. He...
Gingrich rally draws hundreds downtown
Posted: Tue Feb 07 15:10:58 PST 2012Mitt Romney may raise more money, but Newt Gingrich told supporters in Dayton that he?s a stronger conservative candidate with more ?people? power to attract voters to the polls. Gingrich was greeted by hundreds of supporters Tuesday afternoon who packed the front lobby of Memorial Hall downtown. The stop was one of three in Ohio he was schedule to make during the day. Gingrich also took a ja...
Production rises at Hyundai's Alabama plant
Posted: Tue Feb 07 15:08:21 PST 2012Hyundai?s production at its Montgomery auto plant climbed 10 percent to 29,244 vehicles in January from the same month of 2010. Those production numbers included 19,817 Sonatas and 9,427 Elantras, according to the Birmingham News. As we previously reported, January was a strong sales month for Hyundai and the other state automakers. ...
What the OLED Players Are Doing Now
Posted: Tue Feb 07 16:21:48 PST 2012The OLED industry hustles and bustles, paving the way for great market growth. ...
The Truth Behind American Capital's Share Buyback
Posted: Tue Feb 07 16:08:22 PST 2012American Capital's recent move may make you think twice about its prudence. ...
These 3 Dow Stocks Surged Today
Posted: Tue Feb 07 16:05:23 PST 2012Some rise on earnings, others on no news at all. ...
1 Important Key to Fixing Netflix
Posted: Tue Feb 07 16:08:33 PST 2012...
The Dow Quietly Gains Strength
Posted: Tue Feb 07 15:47:23 PST 2012Anticipation of a Greece deal and increased job openings moved the markets slightly higher. ...
Research in Motion's Surprising Announcement
Posted: Tue Feb 07 15:44:22 PST 2012The beleaguered Blackberry maker decides to turn and face the enemy. ...
Some Investors Have a Real Gambling Problem
Posted: Tue Feb 07 15:29:04 PST 2012Buying on the buyout rumor? Don't do it. ...
Can These Stocks Bounce Higher?
Posted: Tue Feb 07 15:48:02 PST 2012...
Why Android Developers Should Flock to BlackBerry
Posted: Tue Feb 07 15:50:05 PST 2012Is BlackBerry more profitable than Android for developers? ...
Coca-Cola's Q4 Earnings Gives Bulls a Reason to Smile
Posted: Tue Feb 07 15:07:08 PST 2012The world's safest company grew 10% last year. ...