The Ticker

Written By Unknown on Selasa, 30 September 2014 | 16.30

Mass. colleges get $22.5M for job training

A consortium of community colleges led by Massasoit Community College in Canton will receive 
$22.5 million in federal job training funds, as Vice President Joe Biden yesterday announced almost a half-billion dollars of grants yesterday to community colleges working with employers.

Linking training to industry demand is key to the Obama administration's strategy for improving wages and reducing unemployment. The Bay State training program will focus on science and technology with Massasoit receiving the largest grant of $7.6 million.

A Maryland program will receive $15 million to work with companies like Raytheon and IBM to train workers with little education for jobs in cybersecurity or information technology. Schools in Kentucky will get $10 million to expand online learning for degrees in computer and medical fields.

Bank of America to pay $7.65M 
to SEC for overstating capital

The Securities and Exchange Commission says Bank of America will pay $7.65 million to settle allegations that it overstated how much capital it had on its books. Bank of America Corp. said in April that it had made an error in how it how it valued securities obtained in its acquisition of Merrill Lynch during the financial crisis in 2009. Banks are required to have enough capital on hand to protect them against adverse market conditions. The SEC says Bank of America overstated the amount of capital it had on hand. It says that overstatement eventually reached the billions.

Today

 Standard & Poor's releases S&P Case-Shiller index of home prices for July.

 The Conference Board releases the Consumer Confidence Index for September.

TOMORROW

 Institute for Supply Management releases its manufacturing index for September.

 Commerce Department releases construction spending for August.

THE SHUFFLE

Laura Spressert has joined the Boston office of commercial real estate services firm Avison Young as vice president of marketing. Spressert will direct Avison Young's marketing, public relations and branding efforts throughout Greater Boston. Prior to joining Avison Young, Spressert served as director of marketing for Colliers International's Boston office.


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