| BizBits for Nov. 21
A weekly roundup of area business news of interest in the Northwest.New HiresJim Kaiser joined NOVA Home Loans as vice president and senior loan officer at the Oro Valley office, 10355 N. Oracle Road. Kaiser previously worked for Pinnacle Mortgage and Bank of America. Evie Coakley has joined T.L. Roof and Associates Construction Company as a project manager. Coakley brings more than 20 years of construction experience to the company. Vicki Cox Golder will be installed as the 2008 first vice president of the National Association of Realtors on Dec. 6. Golder previously served as president of the Arizona Association of Realtors and the Tucson Association of Realtors. Donald Philips has joined T.L. Roof and Associates Construction Company as a project superintendent. Philips has been in the construction industry for seven years and previously worked as a wireman for an electrical contractor.
Dallas hospital defends list of elite residents marked for special attention
DALLAS — Officials with the University of Texas Southwestern Medical Center at Dallas defended the facility's practice of keeping a list of influential people tabbed for special treatment. Those on the list might receive nonmedical courtesies but not preferential or free medical care, officials said. The Dallas Morning News obtained a copy of the list, which includes 6,400 wealthy, high-profile and influential people and their family members. Names range from Vice President Dick Cheney to billionaire Ross Perot, and the list includes social event planners, fashion designers and a host of politicians at all levels of government. .
Market movers
NEW YORK -- Wall Street resumed its slide Monday after hearing a gloomy outlook for the banking sector as well as bleak news from the National Association of Homebuilders. The major stock market indexes each fell more than 1.5 percent, with the Dow Jones industrial average giving up more than 200 points. .
South Africa: Newly Listed ARB Set for Growth
ELECTRICAL wholesaler ARB Holdings, which made a sterling debut on the JSE's AltX yesterday, is eyeing expansion nationally and elsewhere in Africa and targeting new clients in the mining sector. The group's listing could not have come at a better time, with recent commitments by the government and the World Bank to electrify millions of homes over the next 10 years. .
(AFX UK Focus) 2007-11-19 07:25 GMT: Key Northern Rock investors want sale halted, name new management- report UPDATE
(Adds report from Daily Telegraph) LONDON (Thomson Financial) - Some of the major shareholders of Northern Rock PLC are planning to propose to chairman Bryan Sanderson that the embattled bank should halt its sale process and install a management team headed by Luqman Arnold, former chief executive of Abbey National, the Financial Times newspaper reported. SRM Global, a hedge fund run by former UBS trader Jon Wood, and other institutional shareholders will put forward their proposals to Sanderson this week, it said. SRM and RAB Capital, which have a combined 13 pct stake in the bank, have opposed the sale, according to the the Sunday Times newspaper. "We have repeatedly made it clear to the board that this sale process should be stopped. The process has become a farce which is damaging the franchise of Northern Rock and the UK banking system," the newspaper quoted Jon Wood, head of SRM, as saying.
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