One Cash 5 lottery jackpot ticket worth $1.4 million from Wednesdays drawing was purchased in Lehigh County at a convenience store in the Breinigsville section of Upper Macungie Township.

The ticket sold at the Top Star Express in the 7700 block of Hamilton Boulevard correctly matched all five balls, 02-03-27-35-36, to win a jackpot of $1,471,383.50, less 25 percent federal withholding.

Top Star Express earns a $10,000 selling bonus.

The odds of winning the jackpot prize are 1-in-962,598; the overall odds of winning any prize are about 1-in-10.5.

CLEVELAND, Ohio — KeyCorp on Thursday said profits soared by 19 percent in the first quarter, fueled by a surge in commercial loans.

Loans were up 5.5 percent at the end of the quarter, driven largely by 9 percent growth in commercial loans.

Chairman and CEO Beth Mooney called the loan growth solid, adding that loan losses continued to fall.

Mooney in an interview said the borrowing is coming more from larger companies, which are investing in products, capability and buying competitors. In the past, companies were borrowing more to invest in plants and equipment and inventory.

She doesnt believe the surge is coming from pent-up demand, but said Key is taking...

Lending Club, the online market that connects borrowers looking for loans with individuals with the money to fund them, has acquired Springstone Financial for about $140 million in cash and stock, the company said this morning.

To help make the deal happen, Lending Club has raised $50 million in debt financing and $65 million in a new equity round from funds and accounts managed by T. Rowe Price, BlackRock and others. Combined, the entirety of the newly secured $115 million was used as the cash component of the acquisition. Springstone received the rest, valued at about $25 million, in Lending Club stock.

Springstone provides loans and payment plans to individuals seeking elective...

FINANCELending Club acquisition

Lending Club, which lets people seek and make loans to one another, is expanding its services through a $140 million acquisition of Springstone Financial, which helps consumers finance private education and elective medical procedures.

Parents looking to finance their childrens education and patients undergoing elective procedures will now have access to Lending Club loans and benefit from responsible, transparent and affordable financing options, said Lending Club CEO Renaud Laplanche in a statement.

To help finance the acquisition, Lending Club said it raised $65 million in equity capital from funds and accounts managed by T. Rowe Price Associates,...

Coin is second discovered from a total mintage of 21 coins.  Unique at PCGS.

A scarce production proof error, acknowledged by the US Mint, is being auctioned by GreatCollections, with bidding to end on Sunday, April 27, 2014. The 2007-W $25 Quarter-Ounce Platinum Statue of Liberty coin has the word FREEDOM in frosted type, as opposed to the mirror finish. Mint Officials did not believe the word FREEDOM was prominent enough and decided to change the finish of the letters at the last minute. PCGS has graded the coin Proof-70 DCAM.

“What’s special about this variety is that the US Mint acknowledged how they were produced and how they inadvertently distributed...

By Jim Fuquay

Arlington-based First Cash Financial Services earned $22.7 million, or 77 cents a share, in the first quarter, up 12 percent from a year earlier despite closures of payday loan locations.

The operator of 830 pawnshops in the US and Mexico said the results included a one-time tax benefit of 12 cents a share. Wall Street analysts#x2019; consensus estimate for the quarter, which typically excludes unusual items, was 66 cents a share.

First Cash#x2019;s shares (ticker: FCFS) inched down half a percent to $48.84 on Thursday.

The company said it completed its previously announced plan to close 37 Cash Go locations in Texas that...

Breaking news such as the massive data breach at Experian or Target now seems common. Leaving aside the victims of actual fraud, I hear constantly from people whove had to swap out every debit and credit card, or whose cards were unilaterally replaced by their bank. This causes all sorts of problems.

Sometimes it makes you long for the days of cash. While cash is not practical for everything, there are very compelling reasons to consider it or other alternatives instead of those debit cards.

Of course, you also have to watch where you get your cash, too. Criminals are good at installing near-invisible skimmers on ATMs. These steal your card information and then a miniature camera...

The state has received an additional $18.1 million in federal money from a program meant to spur
lending to small businesses.

The Ohio Development Services Agency said in a statement that it will use the money to leverage
more private lending and investing in small businesses, often through local banks.

The Ohio money will be distributed through three programs — the Collateral Enhancement Program,
the Ohio Capital Access Program and the Targeted Investment Program.

The programs are meant to help small businesses and manufacturers that are having trouble
getting the traditional financing they need to expand and create jobs.

Well, okay, Johnny hasnt risen from the dead to run for Senate in South Dakota. But the Democratic candidate in the race, Rick Weiland (who, full disclosure, is a friend whose campaign I am doing some consulting on), is sounding a little like the Man in Black in this remarkable new video the campaign just put out:

The reason I said this is a remarkable video is that it so goes against a traditional DC consultant-driven campaign strategy. Having a video of a candidate singing a folksy country song is the opposite of what you expect a Senate candidate to do these days. In this poll-driven, focus-group-parsed, 30-second-TV-ad political culture we live in, for a candidate to do a video...

March 4, 2014

Swings in Credit Ratings Hint of Challenges Ahead for Colleges

By Goldie Blumenstyk

From 2009 through 2013, the number of downgrades of colleges
credit ratings by Moodys Investors Service outpaced upgrades by
nearly five to one.

More evidence of colleges weakening financial picture? Yes, but
that picture is not as clear-cut as it might seem.

The period examined by The Chronicle covered the worst
financial crisis since the Great Depression, so those 141
downgrades versus 33 upgrades are not so surprising.