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Banking & Finance
Funded Status of US Corporate Pensions Falls
Thursday, November 06, 2014NEW YORK -- The funded status of the typical U.S. corporate pension plan fell 0.4 percentage point to 89.5% in October as liabilities increased faster than assets. Public defined-benefit plans, endowments and foundations beat their targets in October on the strength of rising asset values.
Talmer Reports 3Q Net Income of $19.52M
Wednesday, November 05, 2014TROY, Mich. -- Talmer Bancorp Inc., holding company of Talmer Bank and Trust, Tuesday reported third-quarter net income of $19.52 million, or 28 cents per basic share, 26 cents per diluted share.
This compares to $20.61 million net income the second quarter, or 29 cents per basic share, 27 cents per diluted share, and $10.54 million the third quarter of 2013, or 16 cents per basic share, 15 cents per diluted share.
Mahoning Valley Home Prices Rise in September
Wednesday, November 05, 2014IRVINE, Calif. -- Home prices in the Youngstown-Warren-Boardman area in Ohio, including distressed sales, increased by 5.6% in September from a year earlier, CoreLogic reported Tuesday. On a month-to-month basis, September home prices, including distressed sales, decreased by 0.5% from August.
Excluding distressed sales, September’s prices were up 2.7% from a year earlier and month-over-month were up 0.5% from August.
Charity Land Exchange Seeks Real Estate Donations
Wednesday, November 05, 2014YOUNGSTOWN, Ohio -- Donations of real estate to the nonprofit Charity Land Exchange Inc. before Jan. 1 are fully deductible for the 2014 tax year, the Youngstown-based organization’s executive director and founder, attorney Joseph Bishara, reminds taxpayers.
The donated property likely will be sold at a future date and a donor’s chosen charity will receive the proceeds, he said.
PNC Introduces Apple Pay Service
Wednesday, November 05, 2014PITTSBURGH -- PNC Bank now offers its customers access to Apple Pay, a new service for mobile payments, the bank announced Tuesday. Apple Pay works with iPhone 6 and iPhone 6 Plus and is compatible with iPad Air2 and iPad mini 3.
When a customer adds his credit or debit card to Apple Pay, the card numbers are not stored on the device or Apple servers, officials said.