Income from Iraq escrow accounts drop by over one third say UN auditors: related news

Income from Iraq escrow accounts drop by over one third, say UN auditors

United Nations auditors have reported that the total income generated by the escrow account for Iraq made up of funds related to the expired oil-for-food programme have dropped by over one third between 2005-2006.

Income from Iraq escrow accounts drops by over one third, say UN auditors

IRAQ. United Nations auditors have reported that the total income generated by the escrow account for Iraq made up of funds related to the expired oil-for-food programme have dropped by over one third between 2005-2006.

Nov 07, 2008 Priceline Reports Quarterly Bookings Up, Income Down

Pricline.com released its third quarter results, reporting GAAP net income for the third quarter of $88 million or $1.81 per diluted share, compared to GAAP net income of $104.4 million or $2.27 per diluted share in the third quarter of 2007. Gross travel bookings for the third quarter, which refers to the total dollar value, inclusive of all taxes and fees, of all travel services purchased by consumers rose 47.4 percent year-over-year to $2 billion. Jeffery H. Boyd, Priceline’s president and CEO, said that domestic bookings grew 32.8 percent. International operations generated gross bookings growth of 58.6 percent (approximately 45 percent growth on a local currency basis) in the third quarter, with Booking.com growing its supplier base by 50 percent year-over-year.

First Bancorp Reports Third Quarter Results

TROY, N.C., Oct. 28 /PRNewswire-FirstCall/ -- First Bancorp (Nasdaq: FBNC - News), the parent company of First Bank, reports that net income for the third quarter of 2008 amounted to $6,197,000, or $0.37 per diluted share. This represents an increase in net income of 7.9% and a decrease in diluted earnings per share of 7.5% from the $5,743,000, or $0.40 per diluted share, reported in the third quarter of 2007. For the nine months ended September 30, 2008, the Company reports net income of $17,004,000, or $1.07 per diluted share. This represents an increase in net income of 6.0% and a decrease in diluted earnings per share of 3.6% from the net income of $16,048,000, or $1.11 per diluted share, reported for the first nine months of 2007. The 2008 earnings reflect the impact of the acquisition of Great Pee Dee Bancorp, which had $213 million

Bank of Marin Bancorp Reports Year to Date Net Income and Earnings Per Share Growth

Bank of Marin Bancorp (BMRC) President and CEO Russell A. Colombo announced earnings for the nine-month period ended September 30, 2008 of $9.4 million, an increase of $291 thousand, or 3.2% over the same period a year ago. Diluted earnings per share for the nine-month period totaled $1.79, an increase of 9 cents per share, or 5.3%, over the same period a year ago. Earnings for the third quarter of 2008, totaled $2.7 million, compared to $3.2 million in the same period of 2007. Diluted earnings per share were $0.52 in the third quarter of 2008, compared to $0.60 in the third quarter of 2007. The results reflect increases in the provision for loan losses from $200 thousand in the third quarter of 2007 to $1.7 million in the third quarter of 2008, and from $340 thousand in the nine months ended September 30, 2007 to $2.

Deposits Help Capital One Reach Profitable Third-Quarter

Capital One Financial Corp. showed a third-quarter profit, but it was clear the bank and credit-card issuer is repositioning its auto portfolio. Capital One reported net income of $374.1 million for the third quarter of 2008, compared to a net loss of $81.6 million in the year-ago period.

Give One Get One Redux, OLPC XO-1 Now On Amazon

404 Clue Not Found writes "The One Laptop Per Child project's XO-1 laptop is once again available to the general public via its Give One Get One promotion, where $400 will buy two laptops, one for the purchaser and one for 'a child in the emerging world.' Having learned from their delivery and fulfillment headaches the first time around, this time they partnered with Amazon.com to handle shipping. But a year after its initial release, the market has become saturated with Eee-wannabe netbooks from every major manufacturer. Can the XO-1's charitable appeal, unique chassis and dual-mode screen compete with the superior performance and standard operating systems of its newer peers?"

U.S. Bancorp Reports Net Income for the Third Quarter of 2008

today reported its financial results for the third quarter of 2008. Diluted earnings per common share of $.32 in the current quarter were lower than the $.62 of diluted earnings per common share reported for the third quarter of 2007. Included in the results were securities valuation losses representing $.18 per diluted common share and an incremental provision for credit losses equal to $.10 per diluted common share. The Company's fundamental business performance continues to be strong, despite the challenging financial markets. Results for the third quarter included strong growth year-over-year in net interest income, average loans and deposits and fee revenue, as customers continued to seek banks with strong capital and the ability to provide them with financial products and services during this period of economic uncertainty.

Sierra Bancorp Reports Quarterly and Year-to-Date Earnings

parent of Bank of the Sierra, today announced its financial results for the quarter and the nine months ended September 30, 2008. Sierra Bancorp generated a 21.96% return on average equity and a 1.77% return on average assets for the quarter. Net income for the third quarter of 2008 was $5.8 million, compared to $5.3 million in the same quarter a year ago. Diluted earnings per share increased 11%, to $0.59 in the third quarter of 2008 from $0.53 per diluted share in the third quarter of 2007. Net income was higher due in large part to solid growth in core non-interest income and a respectable increase in net interest income. Non-recurring items that had a favorable impact on net income for the quarter include a gain on the exchange of certain bank-owned life insurance (BOLI) policies, and the reversal of a tax reserve.

Intermountain Community Bancorp (IMCB) Announces Third Quarter Earnings

Intermountain Community Bancorp (OTCBB:IMCB), the holding company for Panhandle State Bank, the largest locally owned state bank in Idaho, announced earnings for the third quarter of 2008 today. Net income totaled $226,000, down 90.0% from the $2.3 million reported for the second quarter this year and 90.7% over the $2.4 million reported for the third quarter of 2007. For the nine months ended September 30, 2008, net income was $4.1 million, down 38.0% from the $6.7 million reported for the nine months ended September 30, 2007. The decline in earnings over both the three- and nine-month periods reflected the impacts of declining net interest margins, increased credit losses, and additions to the reserve for loan losses. Assets remained steady at $1.

Drop.io puts blogging, file sharing on a mapâ"literally

Drop.io is a clever service that is one part off-the-wall blogging and one part file sharing, with a collection of wiki, fax, and digital dropbox features added for good measure. To bring some of the real world into its mix, the company announced Drop.io Location, a way to harness location information for sharing anything that can be posted to Drop.io. We took the new feature for a spin around the block.

Pacific Commerce Bank Reports 8th Consecutive Profitable Quarter

LOS ANGELES (Business Wire) -- Pacific Commerce Bank (OTCBB:PFCI) announced financial results today for the third quarter ended September 30, 2008. Net income for the quarter was $166,000 compared to $63,000 for the same quarter in 2007. The increase was attributable to $319,000 increase in net interest income offset by $278,000 increase in non-interest expense, $105,000 decrease in provision for loan losses, and $54,000 reduction in income tax benefits. Operating income before loan loss provision, stock options expense, and income tax benefits increased $53,000 to $273,000 compared to $220,000 for the third quarter in 2007.

/FIRST AND FINAL ADD -- CLTU004 -- KeyCorp Earnings/

Financial Highlights (dollars in millions, except per share amounts) Three months ended 9-30-08 6-30-08 9-30-07 Summary of operations Net interest income (loss) (TE) $705 $(100) (a) $712 Noninterest income 388 555 438 Total revenue (TE) 1,093 455 1,150 Provision for loan losses 407 647 69 Noninterest expense 762 781 753 (Loss) income from continuing operations (36) (1,126) 224 Loss from discontinued operations, net of taxes (b) --- --- (14) Net (loss) income (36) (1,126) (a) 210 Net (loss) income applicable to common shares (48) (1,126) 210 Per common share (Loss) income from continuing operations $(.10) $(2.70) $.58 (Loss) income from continuing operations - assuming dilution (.10) (2.70) .57 Loss from discontinued operations (b) --- --- (.

Accountz Personal Accounts

The Accounts window is used to set up the different accounts for your real bank accounts and for costs and income sources. These accounts can be arranged with sub-totals so you can see your outgoings and make sure you have more money coming in than going out.

Johanson Technology To Support ONE-NET Open-Source Wireless Control Standard

Petaluma, CA - ONE-NET announced recently that Johanson Technology has joined the ONE-NET open-source wireless networking alliance. Johanson Technology joins a growing list of companies supporting the ONE-NET wireless standard. "We are excited that Johanson will be supporting ONE-NET with their excellent line of passive RF components" said James Martin, CEO of Threshold Corporation, and a founding member of the ONE-NET alliance.

Johanson Technology To Support ONE-NET Open-Source Wireless Control Standard

Petaluma, CA - ONE-NET announced recently that Johanson Technology has joined the ONE-NET open-source wireless networking alliance. Johanson Technology joins a growing list of companies supporting the ONE-NET wireless standard. "We are excited that Johanson will be supporting ONE-NET with their excellent line of passive RF components" said James Martin, CEO of Threshold Corporation, and a founding member of the ONE-NET alliance.

Two-for-one online car offer in Britain attracts customers by the thousands

A British car dealer has found one way around the looming recession by offering a buy-one-get-one-free offer on new cars, a report said on Saturday. Online car broker Broadspeed.com, based in Colchester near London, offered customers two Dodge Avenger SXT saloon cars, like the one pictured, complete with leather seats and air conditioning, for £20,000 pounds ($37,236). The dealership near London has just sold the last of the cars. Managing director Simon Empson told the Guardian newspaper: "It was amazing. We had been trying to sell those cars online at half price for nearly a month and they were selling, but it was nothing special. "But when we made the deal two-for-one, we got 22,000 customers." The number of new cars sold in Britain in October fell by nearly a quarter compared with the same period a year ago.

Video: Article One Partners Launches New Global Online Community to Energize Patent Reform

NEW YORK, Nov. 17 /PRNewswire/ -- Today, Article One Partners, LLC launched as a new global community to legitimize the validity of patents. Community members - who Article One calls Advisors - have an opportunity to send in previously hard to find evidence of validity for high profile patents. By tapping the unique knowledge and referral networks of our Advisors, this publicly available evidence known as prior art can be discovered. Article One analyzes the prior art to determine whether it can show patents to be legitimized or invalid. If Article One forms an opinion that patents are invalid, Advisors earn up to U.S. $50,000, with $1,000,000 total being offered for launch. Advisors who actively build the community also earn premium compensation in Article One's Profit Sharing Plan of about five percent (5%) of the company's net annual p

Parkway Bank Announces Third Quarter and Nine Month Results

today reported results for the three- and nine-month periods ended September 30, 2008. For the third quarter ended September 30, 2008, the Company reported a net loss of $512,093, or $0.36 per diluted share, versus net income of $210,607, or $0.15 per diluted share, for the third quarter of 2007. For the nine months ended September 30, 2008, the net loss was $598,269, or $0.42 per share, versus net income of $724,185, or $0.50 per diluted share, for the year-ago period. The Company and its banking subsidiary remain well capitalized based on regulatory capital measures. Lower revenues, a higher provision for loan losses and an increase in noninterest expense were all factors contributing to the net loss for the quarter. While noninterest income increased modestly, the contraction in the Bank's net interest margin, due in part to the Federa

State Bank Corp. Reports Third Quarter 2008 Results

LAKE HAVASU CITY, Ariz., Oct. 27, 2008 (GLOBE NEWSWIRE) -- State Bank Corp. (OTC BB:SBAZ.OB - News), the holding company for Mohave State Bank (``Bank''), announced third quarter 2008 net income of $621,000, a decrease of $908,000, or 59.4 percent, from the $1.52 million reported for same period of 2007. Earnings per diluted share were $0.16 compared with $0.39 for the prior-year third quarter, a decrease of 58.9 percent. For the nine months of 2008, net income was $2.93 million, or $0.76 per diluted share, compared to $4.22 million, or $1.08 per diluted share for the same period of 2007, down 30.6 percent and 29.6 percent, respectively. The decrease in net income for both periods was primarily attributable to increased loan loss provisions.

S&T Bancorp Reports Q3 Net Income of $15.7M

INDIANA, Pa., Oct. 21 /PRNewswire-FirstCall/ -- S&T Bancorp, Inc. (NASDAQ:STBA) today announced earnings for the third quarter and year-to-date 2008. Diluted earnings per share were $0.57 in the third quarter of 2008 as compared to $0.63 for the third quarter of 2007, representing a 10 percent decrease. Net income for the quarter was flat at $15.7 million. Annualized return on average assets and return on average equity was 1.44 percent and 13.93 percent, respectively, for the three months ended September 30, 2008, compared to 1.86 percent and 19.17 percent for the three months ended September 30, 2007. The differences between percentage changes for net income and earnings per share is primarily due to the 2.8 million shares issued as partial payment for the IBT acquisition in the second quarter 2008.

Financial Crisis Hits Mobile Phone Market as Third Quarter Shipment Growth Drops To 3.2%

The worldwide mobile phone industry felt the impact of the global financial crisis in the third quarter of 2008 (3Q08) as total handset shipments were down significantly over previous quarters. Mobile phone manufacturers shipped a total of 299.0 million handsets in 3Q08, up 3.2% from last year, and down -0.4% over 2Q08. The third quarter of the year has historically been a ramp-up quarter as manufacturers load their sales channels with handsets in preparation for the holiday season, producing year-over-year growth rates as high as 20% as a result. This year has not witnessed a similar ramp up, largely due to the current economic situation.

UK Ruling Says Authorities Can Force You To Hand Over Your Encryption Key

A year ago, there was a legal ruling in the US that said an individual could not be forced to hand over their encryption key to encrypted data on a computer, since it violates the 5th amendment against self-incrimination. Over in the UK, they apparently also have protections against self-incrimination, but apparently it doesn't cover handing over your encryption key (thanks to JJ for sending over the link). Basically, the ruling is pretty close to the opposite of the US ruling. Basically, it found that an encryption key isn't speech but an independent "thing" that can be required to be turned over to authorities.

One-third of world's fish catches being needlessly used as animal feed

An alarming new study in the Annual Review of Environment and Resources contends that fully one-third of the world's marine fish catches are ground up and fed to farm-raised fish, pigs, and poultry. The researchers involved say that this squandering of "forage fish" (anchovies, sardines, menhaden, and other small- to medium-sized fish) is rapidly worsening the already serious overfishing crisis in our oceans.

Industry concern over personal accounts scheme misplaced

Industry fears over personal accounts revolve around employer contribution duties not the scheme itself, the Personal Accounts Delivery Authority says.

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