| Rudd man charged in bank, co-op burglaries
RUDD — A 21-year-old Rudd man was charged with three counts of burglary Sunday after allegedly breaking into three local businesses.Matthew Stiles faces three counts of third-degree burglary in connection with incidents at the Farmers Cooperative, First State Bank and at Rudd City Hall.All are Class D felonies, punishable by up to five years in prison and a fine of up to $7,500.Stiles is also charged with possession of burglar tools, an aggravated misdemeanor.According to a statement released by the Floyd County Sheriff’s Department, a deputy responded to an alarm at the cooperative at 8:45 a.m. Sunday and alleged he saw Stiles trying to climb out of a window at the business.When the suspect saw the deputy — who was in Rudd when the alarm sounded — he turned back, ran through the building and left by a door.The deputy pursued the suspect by car and then on foot, taking him into custody.After back-up officers arrived, the other burglaries were discovered, authorities said.Evidence recovered from the scenes and in Stiles’ possession allegedly connected him to the burglaries, according to the news release.Assisting at the scene were the Iowa State Patrol, Charles City Police Department, Nora Springs Police Department and the Iowa Department of Natural Resources.
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Names and News In Business
Doug Rurup has joined Edwards-Brandt Insurance Agency in Mason City as an agent. He is licensed in home, auto and commercial business insuranceRurup is a Rockwell native and has lived in Clear Lake the past 17 years.A 1983 graduate of North Iowa Area Community College, he has spent the past 14 years with IMI Cornelius in Mason City.He lives in Clear Lake with his son, Austin. Randy Pruisner and RICH FISCHER have been named to the board of directors of Manufacturers Bank & Trust Co.Pruisner has been employed by MBT since 1982 starting as data processing officer and currently serves as the senior vice president of IT and HR. Pruisner is a graduate of Dike High School and has his bachelor of arts in math education from UNI. He also graduated from the Madison Graduate School of Banking.He lives in Forest City with his wife, Lorie.Fischer has been employed by MBT since 1995 as senior vice president and senior loan officer.He graduated from Wartburg College in Waverly with a bachelor of arts degree in business administration and economics and has 38 years of banking experience.He and his wife, Nancy, have two children, Brent and his wife, Joy, and Darrin and his wife, Erica.
Dubai Bank offers prestige
The Dubai Bank has rolled out a prestige banking service aimed at customers who earn at least Dhs10,000 a month. The service offers benefits such as a pre-approved auto finance facility, free 24 hour AAA roadside assistance as well as a free credit card and a dedicated lounge at the bank's branches. Account holders are not required to transfer their salaries in order to receive the benefits. .
Your bank is now on your cellphone
SAN JOSE, Calif. — Curtis McGovert, Dave Ritter and Leon Mendiola have at least three things in common. They own cell phones. They bank at Wells Fargo. And they didn't realize that they effectively have an ATM in their pockets that they now can use to do some of their banking — anytime, anywhere. Make that four things in common: As intriguing as mobile banking sounds to each of them, none is dying to try it. They either don't see a clear need for it, or they worry that it's vulnerable to hackers. .
Loonie business
BUFFALO, NEW YORK–A top of the line Apple iMac computer retails for $2,299 U.S. (about $2,190 Canadian) in the States. The same computer in Canada? $2,449. That's a savings of almost $300 – before taxes. With a Canadian dollar bubbling over the $1.05 U.S. mark and long-suffering Canadians eager to take advantage of coming out on top in the Canadian-U.S. exchange race, it's easy to see how a price difference like that would be enough to send a consumer running for the border. And they've been doing so. According to a recent Statistics Canada report, cross-border shopping trips by Canadians were up 4.2 per cent in August to an estimated 1.5 million overnight trips. And the dollar only hit parity in September. But before you pack up the car and the kids, grab a fistful of credit cards and head for sales country, you might want to take a moment to do a bit more math.
FirstBank bank wants to open branches in Williamson, Davidson, Sumner and Wilson counties
FirstBank is stepping into the consumer banking arena in Middle Tennessee with plans to open up to 12 branches within the next five years. The Lexington, Tenn.-based bank with nearly $2 billion in assets has two area offices - downtown Nashville and Cool Springs - which focus on commercial lending. With the expansion, Britin Boatright, metropolitan bank president for FirstBank, says the company intends to double its employees in Middle Tennessee to 100, continue to expand its commercial lending and attract retail banking customers. "That was the missing ingredient for us ... the locations to have local bankers in the community," Boatright says. .
Credit concerns roil stock markets; National Bank writes down $575M
TORONTO - Stock markets were in the red Monday morning as investors digested more bad news connected with the contracting U.S. housing sector and securitized mortgage loans that have gone bad. Toronto's S&P/TSX composite index fell 58.72 points to 13,471.64 after losing over two per cent last week. The junior TSX Venture Exchange was off 2.88 points to 2,934.32. The Canadian dollar was down 0.65 of a cent to 102.04 after Bank of Canada governor David Dodge raised the possibility of an interest rate cut during the weekend. Speaking in South Africa, Dodge said there is less optimism than there was a month ago "that the financial market problems would resolve themselves" and that "global financial turbulence that we are experiencing is now going to be more prolonged ...
'Ain't no stopping us now,' SNP leader taunts Brown
ALEX Salmond taunted Gordon Brown yesterday, telling the Prime Minister he was powerless to stop the Scottish Government driving towards independence. The First Minister hit out at what he claimed was obstructionism and a clear financial squeeze being imposed by the UK government on Scotland. .
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