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Several fast-growing northern New Jersey community banks are bulking up senior management teams as they brace for increased scrutiny from the sweeping Dodd-Frank financial reforms.
North Jersey Community Bank, a commercial bank in Englewood Cliffs, has hired Frank W. Baier as chief financial officer, succeeding Laura Criscione, who was promoted to chief operating officer. Baier had served as special assistant to Washington Mutual Inc. Chief Executive Officer Alan Fishman when Fishman took charge of that bank in an unsuccessful effort to prevent its collapse in 2008. Baier had been CFO of Independence Community Bank from 2001 to 2006 under Fishman.
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Pete Kissinger, co-chairman of Purdue University's Department of Chemistry, founded the company in 1974. Since leaving its executive ranks he has taken charge of a pair of medical device startups: locally based Prosolia Inc. and West Lafayette-based Phlebotics Inc. Bioanalytical Systems, located in Purdue's Research Park, has helped big pharmaceutical companies develop drugs for treating everything from depression, AIDS and schizophrenia to cancer, diabetes and the flu. Acerbic acquisition Bioanalytical Systems went public on Nasdaq in 1997. Besides an exceptional run in 2001, it's been a modest- to poor-performer for investors.
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DAYTON -- After years of impressive earnings and revenue growth, the wheels began to come off for MCSi Inc. and its chief executive, Michael E. Peppel, beginning in mid-2000, federal investigators charge.
But MCSi's shareholders had no idea the company's fortunes had taken a turn.
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Trying to move beyond a corporate accounting scandal that has forced out four of its top executives, Merge Technologies Inc. on Wednesday named a new chief executive and took a $219.5 million charge to account for the lower value of its business.
Hired to turn around the medical software company is Kenneth D. Rardin described by Merge as a seasoned executive in health care, information technology, software and computer services.
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LITTLE ROCK, Ark. -- Wal-Mart Stores Inc. chief executive Lee Scott led a media charge Thursday to counter criticism that the world's largest retailer is a behemoth that takes advantage of its workers and stifles competition.
Scott said he wants Wal-Mart workers to know the company was speaking up for them, and he wants Wal-Mart to have a better handle on how it is perceived among members of the public.
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DINWIDDIE -- The School Board voted to withhold some funding for the two school construction projects due to an unresolved billing issue.
Lynne Venter, executive director for fiscal operations, said that there was a charge of overtime from Froehling and Robertson Inc., which supplies third-party inspecting and testing for the new school construction projects. The school system could not find the origin of the overtime in review of the invoice.
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BOSTON - In an online eavesdropping case with potentially profound implications, a federal appeals court ruled it was acceptable for a company that offered e-mail service to surreptitiously track its subscribers' messages.
A now-defunct online literary clearinghouse, Interloc Inc., made copies of the e-mails in 1998 so it could peruse messages sent to its subscribers by rival Amazon.com Inc. An Interloc executive was subsequently indicted on an illegal wiretapping charge.
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... to joining Turbine, Anderson was the executive in charge of production for Origin Systems Inc., a...
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Michael Homon has joined EarthLink Business as vice president of business operations for the advanced services team, the sales unit responsible for the largest and most complex customers and opportunities. He is based in EarthLink's Baltimore office. Homon previously was chief financial officer for Aristotle International Inc., a global political campaign technology, software and services company; vice president of operations and finance for government- intelligence focused Viziant Corp.; vice president of finance and controller for Global Secure Corp; and director of finance and controller for Online Resources Corp. EarthLink provides Internet Protocol infrastructure and services to medium-sized and large businesses, enterprise customers.
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SAN FRANCISCO - With Steve Jobs bowing out as CEO, Apple Inc. must persuade investors and consumers that it doesn't need the force behind the iMac, iPod, iPhone and iPad in charge to keep the technology hits coming.
Tim Cook, his hand-picked successor, has handled the top job repeatedly in the absence of the ailing Jobs, who resigned as chief executive Wednesday and was elected chairman of Apple's board. Though not nearly as recognizable as Jobs, Cook had been running Apple since January.