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Brooke Pancake Signs Sponsorship Deal with Financial Group
The Patten-Vaughn Wealth Management Group of Raymond James & Associates, Inc. (“Raymond James”) announced that it has signed a multi-year sponsorship agreement with rising LPGA Tour star, Brooke Pancake.
Pancake, a native of Chattanooga and rookie on the LPGA Tour, will wear the Raymond James logo on the front of her hat and left chest of her apparel in competition.
Commenting on today’s announcement, Pancake stated, “I am very excited about this sponsorship with the Patten-Vaughn Wealth Management Group of Raymond James because it just feels right.”
David Patten, Senior Vice President of Investments for the Patten-Vaughn Group stated, “This sponsorship is such a good fit. Brooke’s record of championship achievement both on the golf course and in the classroom, while representing herself and her community in an exemplary manner, exemplifies the Patten-Vaughn Wealth Management Group’s commitment to professionalism and performance.”
Brooke Pancake graduated the University of Alabama in 2012 as a three time All-American, led the golf team to its first NCAA Championship in school history, all while graduating with a 4.0 grade point average. She was a member of the 2012 US Curtis Cup team, and won numerous awards for her golf and classroom performance including, the Honda Sports Award for the top female collegiate golfer in the US, the Capital One Academic All-American of the Year Award, the SEC Female Athlete of the Year Award. Pancake was also honored as a finalist for the 2012 NCAA Woman of the Year award. She is the youngest inductee in the history of the Tennessee Women’s Golf Hall of Fame.
Brooke Pancake Signs Sponsorship Deal with Financial Group
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Last Update on October 31, 2014 07:28 GMT
SEOUL, South Korea (AP) -- Japan's Nikkei 225 stock average surged 5 percent and the yen slid against the dollar after the Bank of Japan unexpectedly announced new stimulus to boost a flagging economic recovery.
Other Asian stock markets were also higher after the Japanese central bank's announcement Friday. The dollar rose 1.2 percent to 110.64 yen.
The bank said it would increase its asset purchases by between 10 trillion yen and 20 trillion yen ($90.7 billion to $181.3 billion) to about 80 trillion yen ($725 billion) annually.
The Nikkei was up 4.6 percent at 16,380.11 after shedding some of its initial gains. Hong Kong's Hang Seng rose 1.2 percent and Seoul's Kospi was up 0.1 percent.
ECONOMY-THE DAY AHEAD
WASHINGTON (AP) -- Today. the Commerce Department will release its September report on consumer spending, which accounts for 70 percent of economic activity in the U.S.
Also, the University of Michigan will issue its monthly index of consumer sentiment for October. In September, the index reached its highest level since July 2013, led by greater optimism that the economy will grow and incomes will rise.
The Labor Department will also release the third-quarter employment cost index.
Before the market opens, Exxon Mobil will report its quarterly financial results.
NEW YORK (AP) -- Citigroup is slashing its third-quarter earnings by $600 million, saying that recent investigations by regulators have altered the results it reported earlier this month.
The New York-based bank on Thursday revised its quarterly net income to $2.8 billion from a previously reported $3.4 billion, citing legal expenses.
The bank's operating expenses rose from $12.36 billion to about $13 billion.
The company said in a statement the unexpected increase came from "rapidly-evolving regulatory inquiries and investigations, including very recent communications with certain regulatory agencies related to previously-disclosed matters."
Citi previously reported third-quarter net income of $3.44 billion, or $1.07 per share, on Oct. 14. The results exceeded Wall Street estimates.
Like other major banks, Citigroup has been the target of lawsuits and government investigations for its role in the mortgage meltdown that helped spur the financial crisis of 2008.
SURGICAL GOWNS LAWSUIT
LOS ANGELES (AP) -- A lawsuit says Kimberly-Clark Corp. falsely claimed its surgical gowns met the highest standards for protecting against Ebola and other infectious diseases.
Lead attorney Michael Avenatti says the Texas hospital where two nurses contracted Ebola used to stock the gowns but it's not clear if the nurses had used them.
The $500 million fraud suit was filed Wednesday in federal court in Los Angeles on behalf of a surgeon who wore the gowns.
The lawsuit says Kimberly-Clark knew for a year that the gowns failed industry tests and allowed the transfer of bodily fluids, bacteria and viruses, but the company still promoted them as having the highest level of impermeability.
The maker of Kleenex and other consumer products says it doesn't comment on lawsuits but stands behind its products' safety.
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