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Drones over U.S. may pose security risks
WASHINGTON, Feb. 27 (UPI) -- Bank failures in Carson City, Nev., and Tacoma, Wash., brought to 22 the number of U.S. banks to be closed so far this year, officials said.
Friday, the Federal Deposit Insurance Corp. closed Carson River Community Bank and Rainier Pacific Bank because of bad loans, The Wall Street Pit Blog reported Saturday.
Carson River's $50 million in deposits were assumed by Reno-based Heritage Bank of Nevada, which also agreed to purchase about $38 million of the failed bank's $51.1 million in assets. The failure would cost the FDIC's deposit insurance fund about $7.9 million, the FDIC said.
Rainier Pacific's $446.2 million in deposits were assumed by Umpqua Bank of Roseburg, Ore., which also agreed to purchase $670.1 million of Rainier Pacific's $717.8 million in assets. The failure would cost the insurance deposit fund about $95.2 million, the FDIC said.
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ANKARA, Turkey, Feb. 10 (UPI) --
A technical glitch that halted natural gas flows from Azerbaijan and Iran into Turkey this week has been fixed, Turkish Energy Minister Taner Yildiz says.
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CHARLOTTE, N.C., Feb. 10 (UPI) --
The Babcock and Wilcox Nuclear Operations Group reports a second order for nuclear power components for the U.S. Navy under a contract awarded in 2010.
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For the first time since the condo crash of 2007, Florida median existing condo prices came roaring back 2011, rising by a hefty 5 percent on a quarter-to-quarter basis....
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Doubts about the euro are not subsiding, new leadership or not, rescue plan or not.
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