The Chatter Class: Chamber, Science Center leadership tightly woven

One of the chief endeavors with a job, especially a top-level position, is ensuring job security. More

Real estate transactions

Executive Appointments

Pinnacle team adds Fuller, Creighton and Williams Tenn. Lawyers’ Association for Women elects Knight Gish, Sherwood & Friends announces new additions Paramore | Redd Online Markets adds to its staff Advent promotes Cyphers WhiteThompson has three new staff members More

Real estate matters: Business tax help

Q: I own a restaurant building that I purchased using a 1031 exchange. I used to own an apartment building. If I sell the restaurant building and have a large capital gain, is there any way to avoid paying capital gains tax? More

Dave Says

Dear Dave, My father in-law swears by single stock picks and CDs. He says he’d made lots of money this way over the years. What do you think of this strategy? — Norm More

Discount retailer Steve & Barry’s files bankruptcy

Steve & Barry’s LLC, the discount seller of clothing lines by celebrities including Sarah Jessica Parker, sought protection from creditors, joining at least 10 U.S. retailers in bankruptcy this year as consumers cut spending. More

Convicted fraudster, Steven Green, loses local properties

He owes his lenders tens of millions, faces a prison term of nearly three years, and “often shreds the bed linens with his teeth when frustrated,” according to his lawyer. More

Bernanke says Fed may continue bank loans into 2009

Federal Reserve Chairman Ben S. Bernanke, seeking to allay renewed concerns over the health of the nation’s financial system, said yesterday that the central bank may extend its emergency-loan program for investment banks into next year. More

U.S. stocks gain on oil price drop

U.S. stocks rallied the most in a month yesterday, led by banks and transportation companies, after JPMorgan Chase & Co.’s chief executive officer said losses in credit markets will ease and oil posted its biggest drop since March. More

Freddie Mac, Fannie Mae plunge on capital concerns

Freddie Mac and Fannie Mae fell to their lowest levels in 13 years in New York Stock Exchange composite trading as concerns grew the two largest U.S. mortgage-finance companies may need to raise more capital to overcome writedowns and satisfy new accounting rules. More
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