Community Health buying MetroSouth in Blue Island

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Tennessee-based Community Health Systems Inc. is acquiring MetroSouth Medical Center in Blue Island, adding to the companys roster of hospitals in Illinois and the Chicago area.

Terms of the deal were not disclosed. In a Monday statement, Community Health Systems said it expects the acquisition to be finalized in the first quarter of 2012. MetroSouth Medical Center, which has 244 beds, will be Community Health Systems ninth affiliated hospital in Illinois and its third in the greater Chicago region. The company, which is publicly traded and based in a suburb of Nashville, also owns the Vista Health System, which has facilities throughout Lake County.

Fed May Revise Zero-Rate Vow as Bond-Buying Need Fades

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The Federal Reserve will probably
revise its pledge to keep interest rates close to zero through
mid-2013 as the need for large scale asset purchases diminishes,
according to economists in a Bloomberg News survey.

The Fed will alter the interest rate commitment before June,
according to 64 percent of economists surveyed, with 51 percent
saying the central bank will abandon the option of a third round
of buying bonds, or so-called QE3.

Chairman Ben S. Bernanke and his policy-making colleagues
plan to meet today to discuss the outlook for an economy that
has strengthened since their November meeting, lowering the
jobless rate to 8.6 percent...

Better Business Practices Achieved by Discarding Homegrown Technologies

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DENVER, Jan 10, 2012 (BUSINESS WIRE) –
Mortgage Cadence, LLC, a leading provider of Enterprise Lending
Solutions (ELS), Default Servicing Technology and Document Services for
the financial services industry, has been selected by Generation
Mortgage Company to replace its homegrown lending system with Mortgage
Cadence’s enterprise lending platform, Orchestrator(R), Finale
Document Services and the Mortgage Cadence Opus imaging solution. This
completely configurable end-to-end product suite will support their need
for greater efficiency and scalability in multiple business channels
under...

Sign up now for free motivational business seminar

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CHARLESTON, SC (WCIV) — Charleston County Governments Small Business Enterprise (SBE) Program will hold a free seminar for small business owners Wednesday, January 18.

The seminar, Strategic Planning: Begin with Your Goals, will feature motivational speaker Shirlie Taylor, a professional business coach and founder of Business Success Dynamics. Taylor will cover a broad range of cogent small-business and personal success strategies.

The seminar is a unique opportunity for certified SBEs and for other business owners as well, Susan Hogan, Charleston Countys SBE Program manager said. The SBE Program prides itself on seeking out top business and government professionals to share...

Banks to discuss lending 1 trillion yen more to Tepco: report

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n>(Reuters) – Tokyo Electric Power Co Incs (9501.T) main lenders will begin talks this week to decide conditions to lend Japans biggest utility, also known as Tepco, an additional 1 trillion yen ($13.01 billion), at the governments request, business daily The Nikkei said.

Sumitomo Mitsui Financial Group Inc (8316.T) unit Sumitomo Mitsui Banking Corp and other financial institutions have already infused funds in Tepco, including about 2 trillion yen in emergency financing last spring, the daily said.

The government plans to inject 1 trillion yen in public funds to help Tepco pay for decommissioning reactors at the crippled Fukushima Daiichi nuclear power plant and have private...

AFC East still the Brady-Belichick division

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EAST RUTHERFORD, NJ — For everyone who wrote off the New England Patriots after a rare, two-game losing streak, shame on you.

For those who thought Patriots quarterback Tom Brady was no longer capable of winning big games, shame on you, too.

For those who thought Patriots coach Bill Belichick couldnt find a way to improve the NFLs worst defense, how could you do such a thing?

I tried to warn you. Until further notice, the AFC East remains the Brady and Belichick division. Its been that way for the past decade, as New Englands power pair led the Patriots to eight division titles the past 10 seasons.

New England is well on its way to clinching its ninth division...

EURO GOVT-ECB seen buying Italian government bonds

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LONDON Dec 13 (Reuters) – The ECB was buying Italian
government bonds in the secondary market on Tuesday, traders
said.

Ten-year Italian government bond yields were
off their highest levels of the day, last 13 basis points higher
at 6.73 percent.

The traders said the ECB was buying Italian paper with a
maturity of less than 10-years.

One added that the central bank had been buying Portuguese
and Irish paper on Monday for the first time in quite a while,
although there was no sign of this again so far again on
Tuesday.

MEGA Offers New Business Value for Enterprise Architecture Programs

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BOSTON–(BUSINESS WIRE)–MEGA,
recognized leader in business
architecture and enterprise
architecture today announced a new release of its pioneering
software, the MEGA
Suite. This release was developed to help companies gain even more
business value from enterprise architecture initiatives. The MEGA Suite
extends its capabilities to

We
credit our position in the market to our focus on business performance,
and our delivery of solutions that help customers implement a global
vision to achieve business success.

  • ...

Investigation: How lending industry ignored risks

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(MoneyWatch)

COMMENTARY Fraud pays. Thats what an executive at General Electric (GE) subsidiary WMC Mortgage told one of the subprime lenders own fraud investigators at a 2006 meeting to discuss using new software to identify dodgy home loans, reports the Center for Public Integrity.

The technology was largely shelved. So was the investigator, one Dave Riedel, who worked as a loan compliance manager at WMC after GE bought the lender in 2004. He says he was stripped of his working title and duties in an account confirmed by other former WMC employees. GE also took action against other WMC workers who raised concerns about fraudulent mortgages, writes Michael Hudson, a staff writer...

City effort boasts 940 jobs created

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A city initiative to smooth the path of small businesses to open in Hamilton is boasting 940 jobs created last year.

The Small Business Enterprise Centre, located in the lobby of City Hall, brings together staff from several departments to make it easier for new firms to get licences and permits and find space in Hamilton.

“We had a phenomenal year all around,” said centre co-ordinator Kristin Huigenbos. “We’re seeing a lot of alliances and partners investing in small business in Hamilton.”

The Small Business Enterprise Centre is part of Hamilton’s Open for Business Initiative, a 10-year-old drive to make it easier to attract new firms...