McKesson to distribute children’s vaccines for CDC
San Francisco drug distributor McKesson Corp. (MCK) will provide nationwide distribution services for vaccines under a program funded by the U.S. Centers for Disease Control and Prevention. The program serves approximately 1.8 million uninsured and underinsured children, as well as American Indian, Alaska Native and Medicaid eligible children through more than 44,000 health-care providers.
New ‘green’ community bank opening in San Francisco
New Resource Bank, a new state-chartered, full service commercial bank that focuses on green business, opens today at 405 Howard St., San Francisco. Its officers include Clay Jones, president and CEO; Stephen R. Jones as CFO; and Christopher A. Olson as chief credit officer. The bank capitalized at $24.8 million and is the 15th new state bank to open this year.
Event highlights technologies for use after catastrophe
Silicon Valley Simulation Day — a free event beginning at 12:30 p.m. today — showcases engineers and entrepreneurs who have built emergency and disaster response technologies for assisting in hurricanes, earthquakes and other catastrophes. Exhibitors, primarily Bay Area nonprofits developing technology for disaster/emergency response and for use in third-world countries without computing infrastructures, will have their offerings on display at the Intuit corporate headquarters, Building No. 5, 2550 Garcia Road, Mountain View, until evening.
California currency traders settle fraud case for $2.2M
Two foreign currency exchange companies operating in San Francisco agreed to pay $2.2 million to settle allegations of fraudulent promises to clients and job seekers, the U.S. Commodity Futures Trading Commission said. National Investment Consultants Inc., Pacific Best Group Ltd. and three individuals agreed to pay $1.78 million in restitution and more than $400,000 in fines for allegedly making fraudulent sale pitches and offering illegal foreign currency futures, the CFTC said. — Staff and Bloomberg News
The firms didn’t admit or deny wrongdoing as part of the settlement.