Provident New York Bancorp Announces Quarterly Earnings of $4.6 Million, or $0.11 Per Diluted Share.
MONTEBELLO, N.Y., Jan. 29 /PRNewswire-FirstCall/ -- Provident New York Bancorp , the parent company of Provident Bank, today announced that for the three months ended December 31, 2006, net income was $4.6 million, or $0.11 per diluted share, compared to net income of $5.2 million, or $0.12 per diluted...

Monarch Financial Holdings Reports Record Year With a 73% Increase in Net Income.
CHESAPEAKE, Va., Jan. 24 /PRNewswire-FirstCall/ -- Monarch Financial Holdings, Inc. , the bank holding company for Monarch Bank, reported record net income of $3.6 Million for 2006 compared to $2.1 Million in 2005, a 73% increase. The annualized return on average assets (ROA) was 1.05%, and the annualized return...

Synergy Financial Group, Inc. Announces Annual and Fourth Quarter, 2006 Earnings.
CRANFORD, N.J., Jan. 24 /PRNewswire-FirstCall/ -- John S. Fiore, President and Chief Executive Officer of Synergy Financial Group, Inc. (the "Company"), the holding company of Synergy Bank and Synergy Financial Services, Inc., today announced net income for the three-month period ended December 31, 2006 of $1.005 million, or $0.09...

The nature and future of literacy: point and counterpoint.
INTRODUCTION--SUSAN SPUNGIN Literacy represents information and education, the currency of the future. All of us recognize that being able to manage and manipulate information is vital to our economic success, as well as to our dignity and perceived self-worth. It is therefore important that whatever educational system...

Obama says he's for free trade.
Byline: Chidanand Rajghatta WASHINGTON: Conceding that migration of American jobs to Bangalore and Beijing due of globalization cannot be reversed, presumptive Democratic presidential nominee Barack Obama laid out his economic vision for the United States on Monday, calling for a more active government role in aiding the...

NJ: UI benefits denied-payments made in error: nurse ordered to repay all benefits received.
CASE FACTS: After voluntarily leaving her employment as a part time staff nurse at Kennedy Memorial Hospital, Nurse Katherine Thompson applied for unemployment compensation benefits. A Deputy Claims Examiner denied her claim. Nurse Thompson appealed. After the state's Appeal Tribunal affirmed the denial of Nurse Thompson's claim, she did...

Former sec chairman warns of tougher job ahead for D&O underwriters: a 'shifting environment' will force underwriters to reassess risks and pricing of D&O insurance.
The job of directors' and officers' (D&O) liability underwriters is going to get a lot tougher as unexpected risks sprout from the further deregulation of financial markets, according to former Securities and Exchange Commission Chairman William Donaldson. [ILLUSTRATION OMITTED "It seems to me that the...

Nurse defrauds ACC of over $200,000 and loses registration: Rosina Mary Healey, EN.
Claiming ACC payments for loss of earnings and the unemployment benefit while employed as an enrolled nurse (EN), has resulted in Rosina Mary Healey having her registration cancelled. The Health Practitioners Disciplinary Tribunal, in a decision in August last year, determined that Healey had been convicted of offences that...

Were 'striking nurses' eligible for unemployment benefits?
IN 1999, THE NATIONAL LABOR RELATIONS BOARD (NLRB) CERTIFIED THE UNITED FOOD AND COMMERCIAL WORKERS' LOCAL 655 (UNION) AS THE EXCLUSIVE BARGAINING REPRESENTATIVE OF THE REGISTERED NURSES EMPLOYED BY ST. JOHN'S MERCY MEDICAL CENTER (HOSPITAL). The Union and the Hospital entered into their first Collective Bargaining Agreement (Agreement) in...

Volatile times call for best D & O coverage: dangerous scenarios can play out, so don't be complacent about your protection.
FOR DIRECTORS, the past few years may have been the best of times. But could the worst of times be lurking just around the corner? Two independent consulting firms, Cornerstone Research and NERA Economic Consulting, both report a significant increase--to levels not seen since 2004--in securities class...