Business

Distressed Sacramento-area homeowners get $1.2 billion in foreclosure abuse settlement

By Rick Daysog - Published: 12:00 am

Distressed homeowners in the Sacramento region will get an estimated $1.2 billion over the next three years under a 49-state settlement with the nation's largest banks over foreclosure abuses.

Developer Angelo Tsakopoulos blames loan agent for default

By Dale Kasler - Published: 12:00 am

Sacramento developer Angelo K. Tsakopoulos on Thursday blamed a lenders agent for the loan default on an office complex Tsakopoulos controls, saying the agent was unwilling to negotiate an extension on the debt.

Fresh & Easy to open 5 Sacramento-area grocery stores in March

By Bob Shallit - Published: 12:00 am

The British-based Fresh & Easy grocery chain is making its Sacramento-area debut March 7, opening two stores with plans to open three more a week later.

ThermoGenesis of Rancho Cordova lost $1.3 million in 2nd quarter

By Mark Glover - Published: 12:00 am

Rancho Cordova-based medical equipment firm ThermoGenesis Corp. reported a loss of $1.3 million, or 8 cents per share, for its fiscal second quarter ended Dec. 31.

Business Wire

Barclays slashes bonus pool after 2011 profit fall

The Associated Press - Updated: 1:57 am

Barclays PLC revealed Friday that it is slashing its bonus pool after earnings at its investment banking division fell sharply and dented overall profitability.

NYSE Euronext profit down on blocked merger costs - 1:01 am
France's Total gets oil price profit boost - 12:31 am
Afghan private security handover looking messy - 12:51 am
$25B settlement reached over foreclosure abuses - 9:16 pm
China trade falls amid weak demand, holiday - 9:52 pm

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Claudia Buck

Personal Finance: 610,000 ditched banks in 'fee-asco'

By Claudia Buck - Updated: Sunday, February 5 2012 - 10:56 am

According to a study released last week, about 610,000 U.S. consumers jilted their existing bank and hooked up with a new one between October and December, specifically citing "Bank Transfer Day" as their reason.