Sierra Vista Bank Announces Fourth Quarter 2008 Financial Results

CIOs’ Top Priority: Managing IT Costs in a Challenged World
The industry needs to rethink its cost and processing structures — and perhaps make some radical changes, says Special Contributing Editor Larry Tabb.

NewsWatch: Bad bank debate may help stocks cast off chill; jobs, autos loom
Progress creating a government structure to absorb banks’ rotten assets could provide some relief next week for the stock market, which otherwise faces a tough lineup of woeful corporate outlooks, plunging auto sales and big job losses.

The Wilber Corporation Announces Fourth Quarter 2008 Earnings and Quarterly Dividend

The Sun Will Rise Again on U.S. Economy
The financial crisis exposed many flaws, but the foundation of capitalism that has led to the greatest increase in wealth in human history remains.

HedgeOp Awarded U.S. Patent for ComplianceTrak Software
ComplianceTrak offers cost-efficient tools for staying compliant

SIIA Debuts Job Board for Financial Data Pros
Job boards and certification programs designed to help displaced financial information managers find jobs.

NewsWatch: Bad bank debate may help stocks cast off chill; jobs, autos loom
Progress creating a government structure to absorb banks’ rotten assets could provide some relief next week for the stock market, which otherwise faces a tough lineup of woeful corporate outlooks, plunging auto sales and big job losses.

SportsWatch: Super Bowl pits NFL royalty against newcomer to title game
Ben Roethlisberger and Kurt Warner, two quarterbacks hoping to atone for past disappointments on U.S. professional sports’ biggest stage, are set to lead their football teams into Sunday night’s Super Bowl.

UBS Taps Deutsche Telekom’s Sany as CTO
Sany, who replaces Scott Abbey, will oversee entire IT operation of Zurich-based bank.

Keeping Tabs: Industry Moves and Appointments
Kraus to AllianceBernstein; Craig joins Agora-X board; Monteiro, Schwingen promoted at Wolters Kluwer; Fleming appointed at YLS; Squires, Hanchuk to chair practice.

Financial shares jump on bank aid, Wells Fargo (Reuters)
Reuters – Shares of major U.S. banks soared after the market open on Wednesday, boosted by optimism that President Barack Obama’s administration was moving quickly to stabilize the banking sector and as lawmakers get ready to vote on a stimulus package to boost the recession-hit economy.

OPEC warns of further oil cuts: sec gen (AFP)

AFP – OPEC members need an oil price above 50 dollars a barrel to make exports worthwhile, the head of the cartel said Thursday, adding that more production cuts were possible later this year.

Overstock.com Reports Fourth Quarter and Fiscal Year 2008 Financial Results

SportsWatch: Super Bowl pits NFL royalty against newcomer to title game
Ben Roethlisberger and Kurt Warner, two quarterbacks hoping to atone for past disappointments on U.S. professional sports’ biggest stage, are set to lead their football teams into Sunday night’s Super Bowl.

Moynihan Takes Thain’s Place at Merrill/BofA
In the wake of John Thain’s departure, BofA puts its general counsel in charge of global wealth management.

Croatian National Bank Selects Wall Street Systems for Reserve Management
Solution will provide reserve management operations and achieve Eurozone compliance

New York Fed Names William C. Dudley President
He succeeds Timothy Geithner who became Secretary of Treasury

Six Signs of a Winner
A look back at the telltale signs of one company’s meteoric rise.

Get Ready for a 25% Drop
You know it’s coming.

Obama Aide Won’t Rule Out More Money for Bailouts
President Barack Obama’s top economic adviser would not rule out Sunday that more money may be needed to stabilize the U.S. financial system as a deep recession increases banks’ losses.

The Gold Purchase Heard ‘Round the World
Newmont sounds the all-clear signal for gold miners.

These Tech Stocks Will Make Me Rich
I’m betting real money on these five stocks.

SIIA Debuts Job Board for Financial Data Pros
Job boards and certification programs designed to help displaced financial information managers find jobs.

U.S. Arrests, Charges Fund Manager Nadel
Florida hedge fund manager Arthur Nadel, who went missing two weeks ago, turned himself in on Tuesday and was ordered held on securities and wire fraud charges until a bail hearing on Friday.

Keeping Tabs: Industry Moves and Appointments
Kraus to AllianceBernstein; Craig joins Agora-X board; Monteiro, Schwingen promoted at Wolters Kluwer; Fleming appointed at YLS; Squires, Hanchuk to chair practice.

The Best Stock to Own
It probably pays a dividend.

A Fool Looks Back
Contrasts and consolidation colored in the market’s coloring book this past week.

US GDP fall of 3.8% less than feared
The US economy contracted by annualised 3.8 per cent in the final quarter of 2008, according to advanced data, a much smaller percentage than expected, but still its worst performance since 1982

Tools for the Modern IT Organization
As technology executives’ mandate shifts from supporting business growth to managing technology efficiently, CIOs increasingly are pursuing IT flexibility through tools such as cloud computing, virtualization, software as a service and outsourcing.

Sun Unveils Green Data Center
New energy-efficient data center saves $1 million in energy bills, 11,000 tons of carbon dioxide and 670,000 gallons of water every year, according to Sun.

Sierra Vista Bank Announces Fourth Quarter 2008 Financial Results

NewsWatch: Bad bank debate may help stocks cast off chill; jobs, autos loom
Progress creating a government structure to absorb banks’ rotten assets could provide some relief next week for the stock market, which otherwise faces a tough lineup of woeful corporate outlooks, plunging auto sales and big job losses.

Community Valley Bancorp Reports Earnings for 2008

Market Snapshot: Bad bank debate may help stocks cast off chill; jobs, autos loom
Progress creating a government structure to absorb banks’ rotten assets could provide some relief next week for the stock market, which otherwise faces a tough lineup of woeful corporate outlooks, plunging auto sales and big job losses.

The Gold Purchase Heard ‘Round the World
Newmont sounds the all-clear signal for gold miners.

C&F Financial Corporation Announces Earnings for 2008

The Best Way to Start Investing
Make sure you get a front-row seat.

Taxing Times: New deadline for year-end tax forms may delay early-bird filers
Whether you plan to file early or late, MarketWatch’s Early-Bird Tax Guide this weekend can help you get your ducks in a row now.

Ray Beauchemin’s Letters from Abu Dhabi: Abu Dhabi looks to the sun to go green
ABU DHABI (MarketWatch) — My walk to work on Saturday mornings takes me by three- and four-story apartment blocks and three- and four-story single-family villas, some of which are landscaped and others that have been given over to nature. Giving a lawn over to nature in North America is an invitation to weeds and clover. Here, it’s an invitation to sand. Heck, there’s a lot of uninvited sand here, too. It sticks to our windows; it covers our cars.

This Is Why Buffett’s Buying Stocks
They’re cheap. Enough said.

Auto Review: 2009 Ford Escape Hybrid: Delightful runabout for all your errands
For many, the idea of having what seems like 6,000 errands to do is perfectly feasible. For doing them, direct your eyes toward the 2009 Ford Escape Hybrid — a delightful little runabout that will make those errand days more enjoyable.

NewsWatch: Bad bank debate may help stocks cast off chill; jobs, autos loom
Progress creating a government structure to absorb banks’ rotten assets could provide some relief next week for the stock market, which otherwise faces a tough lineup of woeful corporate outlooks, plunging auto sales and big job losses.

Sensus Announces Fiscal Third Quarter 2009 Financial Results and Earnings Call

Stocks to Watch: Stocks in focus for Monday
Among the companies whose shares are expected to see active trade in Monday’s session are Anadarko Petroleum Corp., Aflac Inc. and Humana Inc.

Weststar Financial Services Corporation Reports Record Breaking $200 Million in Assets and Solid Fourth Quarter Earnings

Wells Fargo hurt by Madoff fallout
Wells Fargo emerges as a surprise victim of the Bernard Madoff scandal, revealing a $294m loss caused by clients who defaulted on loans from the San Francisco-based bank after losing money in the alleged fraud

US house price freefall continues
Home prices in big US cities fell at a record annual rate of 18.2% in the year to last November as the stricken housing market showed no signs of bottoming out

After horrid January, stocks eye stimulus (Reuters)

Reuters – Investors are hoping swift action on an economic stimulus plan will boost Wall Street next week after its worst January ever.