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Fitch Places 9 Classes of JP Morgan Chase 2006-CIBC15 on Watch Negative; Revises Outlooks (Business Wire via Yahoo! Finance)
NEW YORK----Fitch Ratings places the following classes of JP Morgan Chase Commercial Mortgage Securities Corp, pass-through certificates, series 2006-CIBC15 on Rating Watch Negative:
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Most local banks say they won't accept bailout money (The Indiana Gazette)
Area bank officials: "Not taking aid." Spokesmen for three of Indiana County's banks say they have no intention of participating in the federal government's Capital Purchase Program designed to shore up faltering financial institutions and stimulate the U.S. economy.
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Ride Continues for Whitehaven Complex (The Memphis Daily News)
One chapter in the continuing saga of the New Horizon Park apartments has been closed, but more twists are likely coming for the embroiled property.Th....
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Most local banks say they won't accept bailout money (The Indiana Gazette)
Spokesmen for three of Indiana County's banks say they have no intention of participating in the federal government's Capital Purchase Program designed to shore up faltering financial institutions and stimulate the U.S. economy.
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Scotiabank Reports Fourth Quarter and Full Year Results (PR Newswire via Yahoo! Finance)
Earnings per share of $3.05 versus $4.01, includes $0.82
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Hoosiers react to Clinton nomination for secretary of state (WTHR Indianapolis)
Experts believe Clinton and President-elect Obama will be able to put aside campaign differences in their new roles.
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Ball foundations' assets shrinking (The Star Press)
MUNCIE -- Charitable giving by the Ball Brothers Foundation and the George and Frances Ball Foundation -- two of the top 20 foundations in Indiana -- could drop by $1 million or more next year because of the global financial crisis.
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Local bankruptcies are up 23 percent (Louisville Courier-Journal)
In the New Albany and Louisville divisions of federal bankruptcy court, there have been a combined 8,661 company and individual bankruptcies so far this year -- an increase of 23 percent from a year earlier.
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Rurban Financial Corp. Completes Acquisition of National Bank of Montpelier (GlobeNewswire via Yahoo! Finance)
DEFIANCE, Ohio, Dec. 1, 2008 -- Rurban Financial Corp. , a leading provider of full-service community banking, investment management, trust services, and bank data and item processing, announced that the acquisition of NBM Bancorp, Incorporated and its subsidiary, National Bank of Montpelier , headquartered in Montpelier, Ohio, was completed on December 1, 2008.
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HERE COMES THE RAIN AGAIN (Fort Wayne Journal Gazette)
To some farmers, the grim economy seems all too familiar. Photo caption: Hurt
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