Business Feeds

Old National Bank’s previously-announced acquisition of Bloomington, Ind.-based Monroe Bank has received federal regulatory approval.

The deal was originally announced in October. On Wednesday, the financial institutions announced that both the Federal Reserve Board and the Office of the Comptroller of the Currency have approved the deal.

The Office of the Comptroller of the Currency approved the merger of Monroe Bank into Old National Bank. The Federal Reserve approved Old National’s holding company, Old National Bancorp, acquisition of Monroe Bank’s holding company, Monroe Bancorp.

The acquisition is expected to be complete on Jan. 1, subject to approval by Monroe Bancorp’s shareholders and the Indiana Department of Financial Institutions.

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Are you taking all the necessary steps to safeguard your wealth?

If you think that formalizing a business structure like a corporation or limited liability company is all you need then think again.

It’s the first step but certainly not the only one.

It’s unfortunate that way too many people have lost everything to a business liability incident which could have been easily been avoided if an effective asset protection plan was put in place.

Now the whole concept behind asset protection is simple. A creditor can only seize the assets owned by a debtor.

In a corporation, the assets are owned by the entity itself so in order for a creditor to seize the assets of the corporation; it must first pierce the corporate veil.

Did you know that corporate veil piercing is the most litigated issue in corporate law today?

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HENDERSON, Ky. — Your car might not start and the streets might be ice rinks, but here’s one thing you can quit worrying about: We’re not going to have to change our area code to 364.

A few years ago, unused phone numbers were being snapped up so quickly that the Kentucky Public Service Commission set in motion a plan to split western Kentucky into two area codes.

The area that includes Henderson, Madisonville, Hopkinsville and Paducah was initially scheduled to be assigned the new area code 364 in 2008.

Cities such as Owensboro, Bowling Green, Elizabethtown and Glasgow were to keep 270.

But because of declining demand and changes in the process by which new numbers are assigned, implementation of the new area code has been postponed five times. O

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Salesforce.com, the enterprise cloud computing company, has launched Database.com, an enterprise cloud database designed for building next generation of cloud, mobile and social applications. Database.com is an open database that will offer numerous benefits to users by providing automatic scalability, backups and upgrades, along with some additional features such as pre-built social data model.

At Salesforce’s Dreamforce event, company’s CEO Mark Benioff said that databases are moving to the cloud representing the next evolution of cloud computing. He also said that the database layer is now separated from Force.com and will be available to enterprise customers as a standalone service. Dat

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When Vectren burns coal at its power plants, electricity isn’t the only thing that’s produced.

The coal combustion process also produces fly ash, a particulate matter that the Evansville-based utility company must dispose of properly.

Vectren’s fly ash used to end up in ash ponds or landfills, but now it’s being used as a component in the manufacture of concrete.

Wednesday at its A.B. Brown Power Plant in Posey County, Vectren showcased a $20 million fly ash recycling project that sends the ash to a Missouri concrete plant.

The project has been in operation for about a year, but this week was the first time Vectren invited reporters to view the project.

As part of the project, Vectren built a conveyor system that moves the fly ash from A.B.

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Have you registered with Dun and Bradstreet’s new iupdate?< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

In the previous post I covered how DNB eupdate is being replaced by iupdate and how to register your company with the new system.

Assuming that you’ve already registered with iupdate let’s cover the two major components of the platform which are updating your eupdate (iupdate) profile and investigating a payment experience.

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A major city food chain has closed one of its shops.

The owners of Taj in St James Street, Brighton, have announced that the store will close this week.

Rumours circulating on Twitter recently suggested that Sainsbury’s is to take over the site.

But the firm last night refused to say whether it would replace Taj.

Amir Khan, owner of the Taj Group, said the group would now focus on its shops in Western Road and Bedford Place.

He said the Western Road store will expand into a unit next door.