Finance and Economic

SureWest Communications is launching on Saturday a one-hour radio show on the region’s high school football programs.

SureWest (NASDAQ: SURW) said Thursday that SureWest Sports Radio Show will debut Saturday from 9 to 10 a.m. on ESPN 1320 AM.

An extension of the SureWest Sports TV program, the radio show will air every Saturday, a news release said.

“The response to the SureWest Sports TV Show, which launched over a year ago, has been overwhelming,” Mike Finnerty, SureWest Sports Show’s host who will also host the new radio program. “I talk to kids, coaches and families everyday, and they always want more coverage. The weekly one-hour radio show with ESPN 1320 is a great extension of our TV program and allows us to dig deeper into the Sacramento’s high school sports scene to whet the appetites of our die-hard high school sports fans.”

The radio show will feature regular weekly contributions from knowledgeable local sports sources, including head coaches and sports writers in the region. Contributors will include Sacramento Bee writer Joe Davidson, Jon Gudel of the Elk Grove Citizen and Bill Hicks of the Grapevine Independent.

SureWest Sports Radio Show will recap the previous night’s games and preview the next week’s contests, the release said. Each week Finnerty also will rank his top 15 local football teams.

“Utilizing our relationship with the SureWest Sports Show and Mike Finnerty allows ESPN 1320 to now provide even more in-depth high school football coverage on the area’s most popular sports radio station,” Brian Lopez, ESPN 1320’s program director, said in the release. “Mike and his guests on the show bring a unique and unparalleled amount of knowledge and passion for high school sports in Sacramento and we are excited to have them on ESPN 1320.”

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Four Ohio pension funds have joined the New York state retirement fund in filing a class-action suit against BP for allowing its stock to plunge in value, New York State Comptroller Thomas DiNapoli said on Wednesday.

The four Ohio funds — the Ohio Public Employees Retirement System, the State Teachers Retirement system of Ohio, the School Employees Retirement System of Ohio and the Ohio Police & Fire Pension Fund — have a combined value of $150 billion.

These funds joined the New York State Common Retirement Fund, worth $132 billion, in filing suit against BP (BP), which has lost about 45% of its market value since the company’s oil well blew up an offshore rig in the Gulf of Mexico in April, killing 11 workers and unleashing a massive spill.

"BP misled investors with false and misleading statements about the safety of its drilling operations and its ability to fix events like the oil spill," DiNapoli said in an announcement that he released with Ohio Attorney General Richard Cordray, who represents the legal interests of the Ohio funds.

"By forming a partnership between New York and Ohio, we aim to compensate investors for what we believe was securities fraud and effect real change in the way BP and other companies do business," DiNapoli added payday loans.

BP did not immediately respond to calls seeking comment.

The New York fund, the country’s third-largest, originally filed suit against BP in June. The fund held 19 million BP shares at the time of the explosion.

Robert Whalen, spokesman for the New York comptrollers, said the New York fund is filing as a co-lead plaintiff with the Ohio funds. He said there are also four pending actions filed through U.S. district courts in Louisiana and California, but they will eventually be consolidated into one.

BP has agreed to set aside $20 billion in an escrow account for spill-related costs. The company also decided to suspend its dividend for the rest of the year.

On Wednesday, the Times of London reported that Tony Hayward is getting ready to step down from his job as chief executive officer, but BP denied the report.  

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Group buying website Living Social is coming to Sacramento.

Living Social will launch in Sacramento on Tuesday, the company announced.

Living Social is adding Sacramento and 24 other cities, which will bring the daily deal company up to 52 markets, a news release said.

Users can save up to 90 percent on local restaurants, spas, pole dancing lessons, horseback riding and other attractions, the company said cash advance loan no fax.

Membership to Living Social is free.

Groupon, another group buying website, launched in Sacramento, its 53rd city, in May.

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Riverview Bancorp Inc. wants to raise as much as $23 million in a stock offering, according to a new filing with the U.S. Securities and Exchanged Commission.

The Vancouver-based bank (NASDAQ: RVSB) will issue 6,896,552 shares, bringing its outstanding number of shares to 17,820,325.

The money will be used to support growth and meet the bank’s capital needs. The bank is under an order from the federal O

The bank’s shares fell 4 percent Friday to $2 .39. They had a 52-week range between $2.13 and $4.39.

Riverview Bancorp Inc. is the savings and loan holding company of Riverview Community Bank.

The bank had $838 million in assets as of March 31. It lost $5.4 million in fiscal 2010.

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UNC-School of the Arts has named David Nelson of Raleigh as the school's next chief academic officer, according to an announcement.

Nelson most recently was senior vice president of academic administration at the Southeastern Baptist Theological Seminary in Wake Forest, N.C. In that role he led more than 60 full-time faculty members and oversaw an $11 million annual budget. Southeastern Baptist has about 2,500 students.

UNCSA Chancellor John Mauceri said Nelson was the unanimous choice of the search committee.

“David is a theologian, philosopher, scholar and a musician," Mauceri said. "He had an immediate grasp of the complexities and opportunities the CAO position at UNCSA affords. He will make a great partner in mapping the future course of our school and its academic programs."

Nelson's appointment will take effect July 15.

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The Hawaii Department of Business, Economic Development and Tourism has nearly $3 million of available grants for business and nonprofits to install electronic vehicle charging equipment.

DBEDT anticipates awarding between two and seven grants throughout the state ranging anywhere from $30,000 to $2 million each.

The money is coming from federal stimulus funds that are allocated for Hawaii’s energy program.

In 2008, the Lingle administration committed to reducing dependence on oil in the islands to 30 percent by 2030 and electric vehicles is one means of realizing that goal payday advance online.

The application deadline is July 26 and the funds must be expended by March 30 of next year. Announcement of the selected recipients is scheduled for Aug. 31.

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Neenah luxury auto dealer, Bergstrom Premier Motorcars, has been named the exclusive carrier in Wisconsin the Fisker Karma, a plug-in hybrid electric car, and will debut the car at its Victory Lane location June 9.

The four-seat sedan has a total range of 300 miles, 50 of which are electric-only and powered by a lithium-ion battery that can be fully recharged in eight hours. The car can reach speeds of up to 125 miles per hour.

In a statement released Friday, Bergstrom said initial customer deliveries are expected to begin in first quarter 2011.

Bergstrom Automotive is one of the top 50 automotive retailers in the U.S. and is owned by John and Richard Bergstrom. The auto dealer has 30 locations throughout Wisconsin.

“We are very pleased to have been selected as the exclusive Fisker retailer for Wisconsin,” said Bergstrom chairman and CEO John Bergstrom. “This distinctive vehicle appeals to environmentally conscious individuals who don’t want to compromise their passion for driving.”

The Fisker Karma hybrid was designed by Henrik Fisker, who also designed the Aston Martin DB9 and BMW Z8.

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A split-session job fair is being held Tuesday, June at Fairgrounds Gaming & Raceway in Hamburg.

The first session runs from 10 a.m. to 2 p.m. and then from 4 p.m. to 7 p.m. Available positions will be filled between July and August.

The facility, located on the fairgrounds in Hamburg, is operated by Delaware North Companies Inc faxless payday advance.

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Sonnenschein Nath & Rosenthal LLP, a law firm based in Chicago, will combine with London-based Denton Wilde Sapte LLP if partners vote to approve.

The combined firm will be known as SNR Denton and will have more than 1,400 lawyers in 18 countries. The heads of each firm will serve as co-chief executive officers, according to the joint statement.

If approved, it will be the second major combination of a U.S. and U.K. firm in the past year. On May 1, Washington-based Hogan & Hartson and London-based Lovells LLP joined to create Hogan Lovells, a 2,500-lawyer firm with about 40 offices, according to its website.

"Looking back in history, it is relatively rare to see transcontinental mergers," said Kent Zimmermann, a consultant with Zeughauser Group. "It’s been telling that there have been two recently. Globalization is the number one thing affecting the economy, and the number one thing affecting law firms."

Sonnenschein Nath & Rosenthal has had a St. Louis area office since 1990. It opened with one lawyer but now has nearly 50 lawyers on staff, said Jennifer A. Marler, the local office’s managing partner.

The firm’s partnership with Denton would have no immediate effect on the St. Louis office, she said.

Marler said she was pleased that the agreement would give the firm an international base of lawyers from whom to seek advice and counsel, and could help create future growth options for the firm as a whole.

Denton handles work for clients in energy, transport and infrastructure, financial institutions, real estate and retail and technology, media and telecommunications sectors, according to the firm’s website. It has offices in the Middle East, Europe and southeast Asia.

Robert Kelly of the Post-Dispatch contributed to this report.

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British bank Standard Chartered is reportedly shifting thousands of its bankers to Apple Inc.'s iPhone from Research in Motion Ltd.'s Blackberry devices.

"It's a group-wide initiative involving wholesale and consumer banks globally," a spokeswoman for Standard Chartered told Reuters.

Bankers until now have for the most part been restricted to RIM's (NASDAQ:RIMM) BlackBerry as the standard device issued by their firms, largely because of security concerns with Apple's (NASDAQ:AAPL) smartphone in the past.

"If more companies switch to the iPhone, this is of course bad news for RIM," Lu Chialin, an analyst at Macquarie Securities told Reuters. "However, it will take a long time for companies to do their own internal testing before deciding to change, so it will be a while before it has any effect on RIM."

A study by NPD Group last week said RIM was No. 1 in first quarter U.S. market share with 36 percent, with Google Inc. (NASDAQ:GOOG) No. 2 at 28 percent and Apple No. 3 at 21 percent.

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