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News

Mitek's bank affiliations double to 3,000

Mitek Systems, a developer of mobile imaging for financial transactions, announced Thursday that more than 3,000 financial institutions have signed for its mobile deposit system, more than doubling the number from last year.

BIOTECH

Vical misses earnings estimates, beats on revenues

Vical Inc. (NasdaqGS: VICL) announced Thursday morning it lost $4.4 million per share in the third quarter, or 5 cents per share, which is 1 cent below what Wall Street analysts were projecting, but less than half the $9.9 million it lost in the same period in 2013.

EDUCATION

Thomas Jefferson School of Law announces debt restructuring

Thomas Jefferson School of Law has signed a restructuring support agreement (RSA) with nearly 90 percent of its bondholders that reduces its debt by two-thirds ($87 million) and reduces annual cash flow obligations by half ($6 million).

TECHNOLOGY

Maxwell stock on roller coaster

Chargers' Hardwick plays Financial Football

Other Finance Headlines:

Fewer Americans Filed for Jobless Benefits in Last Four Weeks

Oct. 30 (Bloomberg) -- Fewer Americans filed applications for unemployment benefits over the past month than at any time in more than 14 years, a sign the strengthening U.S. economy is buoying the labor market.

Treasury Says GM Lawsuit Poses Danger to Future Bailouts (1)

Oct. 30 (Bloomberg) -- The U.S. Treasury says confidential information it got in the bailout of General Motors Co. should stay secret, otherwise at-risk companies needing government help in the future might not be willing to share data.

Shadow banking grows to $75 trillion industry, regulators say

The shadow banking industry grew by $5 trillion to about $75 trillion worldwide last year, driven by lenders seeking to skirt regulations and investors searching for yield amid record low interest rates.

Pump prices poised for biggest monthly drop since 2008

U.S. retail gasoline is heading for the biggest monthly drop since the country was in the midst of the worst recession since the 1930s, as global oil demand stagnates and crude prices fall.

US economy grew at 3.5 percent rate in Q3

The U.S. economy grew at a solid annual rate of 3.5 percent in the July-September quarter, propelled by solid gains in business investment, export sales and the biggest jump in military spending in five years.

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