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.
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Last Update on January 30, 2015 08:34 GMT
ECONOMY-THE DAY AHEAD
WASHINGTON (AP) -- Investors will have their eye on the government's latest estimate of U.S. economic growth when the Commerce Department releases its report on fourth quarter gross domestic product today.
Also, the University of Michigan will issue its monthly index of consumer sentiment for January and the Labor Department will release the employment cost index for the fourth quarter, a measure of wage and benefit growth..
It's also the busiest week of the current corporate earnings season.
The global biopharmaceutical company AbbVie will report quarterly financial results before the market opens, along with Altria Group and MasterCard.
NEW YORK (AP) -- Investors apparently have a craving for a better burger.
Hamburger chain Shake Shack Inc. has priced its initial public stock offering at $21 per share, above its proposed range of $17 to $19 per share.
It sold 5 million shares, raising $105 million. The banks managing the deal may buy 750,000 more shares.
Shake Shack cooks burgers to order and promotes its use of natural ingredients, emblematic of what's known as the "better burger" trend.
Its origins date to 2001, when Union Square Hospitality Group, a company owned by restaurateur Danny Meyer, opened a hot dog cart in Manhattan's Madison Square Park. Shake Shack now has 63 locations in nine countries.
The stock is expected to begin trading Friday on the New York Stock Exchange under the "SHAK" ticker symbol.
TOKYO (AP) -- Japan's industrial output edged higher in December, suggesting the world's third-largest economy may be turning the corner on a recession brought on by a hefty sales tax hike.
Data released Friday showed manufacturing output increased 0.3 percent in December from the same month a year earlier. However, inflation moderated to 2.5 percent from a year earlier, compared with 2.7 percent in November.
The core consumer price index, excluding food, fell 0.2 percent from the month before.
Falling energy costs thanks to the plunge in oil prices had a limited effect, since the CPI excluding both food and energy was unchanged from the previous month.
Japan's jobless rate dipped to 3.4 percent from 3.5 percent the month before. But stagnant wages meant household spending dropped 3.4 percent from a year earlier.
MINNEAPOLIS (AP) -- Jury deliberations will resume Friday in a case alleging a 1996 Toyota Camry had a design defect that caused a fatal crash.
Jurors left the federal court in Minneapolis without a verdict Thursday and will return Friday to keep deliberating. At one point in their discussions, jurors asked for a video player so they could view some evidence in the case.
The jurors must decide whether Toyota's design of the 1996 Camry had a defect that was unreasonably dangerous. If they find there was a defect, they must decide if it directly caused injuries to those hurt or killed when Koua Fong Lee crashed into another car in 2006.
Lee spent 2 1/2 years in prison before being released after reports suggested some Toyota cars had sudden acceleration problems.
BILLINGS, Mont. (AP) -- As Congress presses the Obama administration to approve the Keystone XL pipeline, government records show oil pipeline accidents have become increasingly frequent in the U.S.
An Associated Press review shows accident numbers growing steadily since 2009, reversing a decade-long decline.
Keystone would go from Canada to the Gulf, passing near where 30,000 gallons of crude spilled into Montana's Yellowstone River earlier this month.
The recent breach became the latest in a string of spills to highlight ongoing problems with maintenance of the nation's crude pipeline network.
After the U.S. Senate voted Thursday in favor of Keystone, Sen. Maria Cantwell of Washington state cited the increase in spills in calling for Obama to veto the measure.
Keystone supporter North Dakota Democrat Sen. Heidi Heitkamp said building it was preferable to using older pipelines.
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