Tag: division

Cubs clinch NL Central Division as Cardinals lose to Brewers

While the Cubs were engaged in a back-and forth battle against the White Sox on Saturday, the Brewers did them a favor.

The Cubs clinched the NL Central title when Milwaukee beat St. Louis 3-0 on Saturday. The Cubs will head into the playoffs with the No. 3 seed in the National League and home field advantage through the best-of-three Wild Card Series.

“When you start reaching some of your goals,” Cubs manager David Ross said before the game, “it’s a little badge of honor that you get when you put in the work and are able to reap the rewards on the back end of the season. But the way I feel about this group would not change whether we win the division or not. I’m really proud of these guys.”

When the Cubs clinched a playoff berth earlier this week, they ensured that for the fifth time in

Read More

MAI Capital Management’s game plan for growth features launch of sports and entertainment division

MAI is closing in on $9 billion in total assets under management. That’s almost 10 times the tally it had when Buoncore acquired McCormack Advisors International in 2007.

The company has 160 employees, a total that has increased by more than 60 since 2018, in six states. At least 120 of those employees are located in Cleveland, where MAI now occupies three floors of the IMG building at 1360 East 9th St.

As MAI has grown, it has added offices that are closer to its high-profile clients. But “the operations, the financials, the headquarters, will always be Cleveland,” Buoncore said.

A “good portion” of MAI’s business is from athletes, who span all of the major professional leagues in the U.S. (The firm, because of U.S. Securities and Exchange Commission regulations, can’t disclose its clients.)

As MAI was expanding, a Reston, Va., firm run by Trax caught its attention. MTX, Buoncore

Read More

Charles Crohare Joins UNCLE Credit Union to Grow Business Banking Division with Focus on Local Business Needs

Charles Crohare

Charles Crohare joins UNCLE Credit Union to grow Business Banking Division with focus on local business needs
Charles Crohare joins UNCLE Credit Union to grow Business Banking Division with focus on local business needs
Charles Crohare joins UNCLE Credit Union to grow Business Banking Division with focus on local business needs

LIVERMORE, Calif., Sept. 16, 2020 (GLOBE NEWSWIRE) — UNCLE Credit Union, serving four counties in the eastern region of the San Francisco Bay Area and Central Valley, is proud to announce that Charles Crohare has been appointed to lead the organization’s business banking initiatives. As AVP, Business Banking Manager, Crohare will focus on expanding the role of the credit union as a vital resource and trusted financial partner for local small businesses.

“An industry veteran of over three decades and fourth-generation stakeholder of a family-operated agribusiness with deep roots in his Livermore Valley hometown, Charles brings a wealth of expertise as a banking executive and business owner to the program,” said UNCLE Credit Union

Read More

Leaked memo: Exxon is weighing job cuts in upstream division

Hamstrung by cheap oil prices, Exxon Mobil is evaluating cost-cutting measures across its massive oil-exploration and -production business, including job cuts, according to a memo sent to employees Monday.

“Unfortunately, we continue to see prolonged negative market impacts that require us to make further changes so we are best positioned to take advantage of market improvements when they occur,” the memo said. “The pandemic and resulting impact on our industry has been severe.” 

The evaluation, referred to as “study work” in the memo, has already begun and is focused on high-cost countries, which likely includes the US, where Exxon is headquartered, according to an employee familiar with the matter. The memo doesn’t say how many roles may be cut or provide a timeline.

Exxon has about 16,500 workers in its oil-exploration and -production business, known as the upstream division, the person said.

Exxon’s efforts to shrink spending have resulted in

Read More