| Business diary: Tom Stemberg (at Financial Times) As head of Boston-based Highland Consumer Fund, part of Highland Capital, Tom Stemberg manages the venture capital firm s retail investments, worth about $100m. He is an experienced entrepreneur in his own right. us.rd.yahoo.com |
Stocks lower as two-day rally snaps THE Australian stock market has closed lower, with weakness among financial and resources stocks helping to snap a two-day rally. news.com.au |
Sterling Financial completes recapitalization (AP) Sterling Financial Corp. said it has completed its $730 recapitalization effort. Sterling, which is the bank holding company of Sterling Savings Bank, said the transaction raises new capital from institutional, private equity and other investors. finance.yahoo.com |
PNM Resources declares dividend of 12.5 cents [AP] - Electric utility PNM Resources said Tuesday its board declared a dividend of 12.5 cents on its common stock. It also declared a dividend of $1.25 per share on its convertible preferred Series A stock. finance.yahoo.com |
Dollar a smidgen away from US parity THE Australian dollar is a mere smidgen from parity with the US dollar as the euro drags it higher against a weak American currency. news.com.au |