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Bank of America, Countrywide to Name Sambol to New Role

CHARLOTTE, N.C., Jan. 31 /PRNewswire/ -- Bank of America Corporation and Countrywide Financial Corporation today announced that David Sambol, Countrywide's president and chief operating officer, will lead the combined consumer mortgage business once Bank of America's planned purchase of Countrywide is complete.

Sambol will continue in his current role, reporting to Countrywide Chairman and Chief Executive Officer Angelo R. Mozilo until completion of the transaction, which is targeted for the third quarter.

In a related announcement, Bank of America Global Consumer and Small Business Banking President Liam McGee announced that Card Services Executive Bruce Hammonds will assume the newly created role of Global Consumer Credit Executive when the purchase closes.

Hammonds, who will continue to report to McGee, will be in charge of all consumer credit products, including the consumer mortgage organization, Bank of America Card Services and unsecured lending.


Salmond: 'I'll quit if Budget falls'

But, with only a minority of the MSPs in the parliament, the SNP cannot be sure of getting its finance package through.John Swinney, the finance secretary, has made significant concessions in an attempt to secure the support of the Conservatives, the Greens and Margo MacDonald, the independent MSP.But the vote is still on a knife-edge and although Mr Swinney will make a series of last-minute concessions today to try to get the support he needs, none of the opposition parties was willing to commit their support to the Budget yesterday.A spokesman for the First Minister announced Mr Salmond's ultimatum after a meeting of the Cabinet last night.He said: "If the parliament decides it doesn't want it (the Budget], it would be entirely appropriate for the issues to be taken to the people."The view of ministers would be that this would be the right thing to do."If the Budget is rejected, Mr Salmond has the option of putting a motion for the dissolution of the parliament to the chamber.


The Boom Was a Bust for Ordinary People

For years now, that strange stimulus-crazed beast, the economy, has been going its own way, increasingly disconnected from the toils and troubles of ordinary Americans.

The economy, for example, has been expanding, at least until now, and growth is supposed to guarantee general well-being. As long as the gross domestic product grows, World Money Watch's Web site assures us, "so will business, jobs and personal income."

But hellooo, we've had brisk growth for the past few years, as the president has tirelessly reminded us, only without those promised increases in personal income, at least not for the poor and the middle class. According to a study just released by the Economic Policy Institute, real wages actually fell last year. Growth, some of the economists are conceding in perplexity, has been "decoupled" from widely shared prosperity.


There's something rotten about Enchanted .

It looks like the 2007 holiday season has found its grandma movie, that family-friendly release you can schlep the whole clan to without spending the entire running time regretting your own birth. Enchanted, the Disney fairy tale spoof starring Amy Adams as an animated heroine who's banished from her cartoon kingdom to live-action New York, earned $50.5 million in its first week, winning the holiday weekend and outperforming every Disney Thanksgiving release since Toy Story 2 (1999).

Adams, an actress who's dwelt on the edge of recognizablity for the past several years (nominated for a supporting-actress Oscar for Junebug in 2005, she also did a multiepisode stint on The Office and gave Will Ferrell a memorably suggestive pep talk in Talladega Nights), will no doubt become a household name and a hot Hollywood property as a result of Enchanted.


J.D. Power and Associates Reports: While Small Businesses are ...

Power and Associates Reports: While Small Businesses are Particularly Profitable, Banks Struggle to Satisfy These Customers Commerce Bancorp Ranks Highest in Small Business Owner Satisfaction

WESTLAKE VILLAGE, Calif., Nov. 5 /PRNewswire/ -- Banks struggle to satisfy small business customers, as these customers tend to be more difficult to please compared with the average retail banking customer, according to the J.D. Power and Associates 2007 Small Business Banking Study(SM) released today.

Now in its second year, the study measures small business customer satisfaction with the overall banking experience based on seven factors. In order of importance, they are: transaction methods (32%); relationship with representative (19%); products (15%); fees (10%); statements (9%); convenience (9%); and problem resolution (7%).


Plowed under? Crop scientists on shaky ground

Reeves leads a team of seven veteran ag scientists at the sprawling, 1,180-acre facility in Oconee County, where for the past 71 years, federal researchers have puzzled over how the Piedmont region's producers can farm better without hurting the land, air and water.

Those agronomists, hydrologists and soil scientists, along with more than 20 other staff members, now hope their home base isn't entering its own final phase, shuttered by federal budget cuts.

USDA research dollars face an unprecedented $84 million blow next year under President Bush's new budget proposal, and the department has identified 11 of its 100 Agricultural Research Service stations that, worse comes to worse, will close.

Those stations, of which the Campbell center is the only one in Georgia, will be in funding purgatory for months as Congress hashes out its final budget.


Health Calendar

LivingWell Cancer Resource Center: 1803 W. State St., Geneva hosts the following programs during through Tuesday. Call (630) 262-1111 for dates, times, registration and fees.


• Healing Touch -- Reiki: By appointment only


• Pilates


• Six Weeks of Wellness -- Cancer 101: Navigating Your Way from New Diagnosis Through the End of Treatment

Wednesday

Smoke-Free Solutions: DuPage County Health Department's quit-smoking program runs Wednesdays through Feb. 20 at 7 p.m. at Edward Hospital, 801 S. Washington St., Naperville. Free program, but call to register. Edward Hospital. (630) 527-6363.

Monday

Free Developmental Screenings: The Association for Individual Development's Pediatric Therapy Services offers free, developmental screenings for children from birth through age 3, from 9 a.m.


Join our online debate

Jackson had that chance in the second half and had that gone in we could of won the game.

I am impressed with our back 4 very solid and very diffiuclt to break down and we get the last glitch tackle and in bravely block the ball so full credit must go to Fuller, King, Bygrave and Nutter.

Miller had that strike and again he has hit the crossbar with a spuerb effort and a shame that it did not go in because that would of been a superb goal.

Cheltenham are very organized side but their keeper has to take some credit as he made some quality saves today and their a side I feel that may have enough to stay out of the bottom 4.

Both teams were nervous and that is understandable and a goal would of changed the game and a shame we did not get one.


 
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