Financial news of month

Gas prices are soaring again, with local prices at the pump jumping 5 cents overnight in the Dayton area. In Ohio, all major cities saw gas prices climb Friday, with Cincinnati and Toledo seeing the largest increases with jumps of 6 cents per gallon each.

LONDON – The British government has become the majority shareholder in Lloyds Banking Group PLC, raising its stake from 43.5 per cent to 65 per cent and possibly as high as 77 per cent, in exchange for insuring more than ?260 billion in toxic assets.

Federal Reserve Chairman Ben S. Bernanke said policy makers may need to expand aid to the banking system beyond the $700 billion already approved and take other aggressive measures even at the cost of soaring fiscal deficits.

Colliers Turley Martin Tucker represented TMT Properties Inc. in the lease of 1.98 acres of land at 9044-9050 Pershall Road, Hazelwood, to JF Electric Inc. Grubb & Ellis|Gundaker Commercial represented parties in these transactions.

Northern Trust has quickly learned that you can’t conduct business as usual when you’re on the government dole. The bank, which received $1.57 billion in funds from the Troubled Asset Relief Program, or TARP, last fall, was heavily criticized by lawmakers after it was revealed Tuesday that it held big parties for clients last weekend at a California golf tournament that the bank sponsored.

Frank D’Angelo, the flamboyant entrepreneur who crashed spectacularly a few years ago in beer and juice ventures, is back for another shot at big-time business.

Economic help