Temporary outage of Visa card network Sunday

(AP) — Visa says a technical problem affecting its network barred people from using their credit and debit cards for about 45 minutes on Sunday.

Visa Inc. spokeswoman Sandra Chu says that the outage was caused by a recent enhancement Visa has made to its system. She says Visa had trouble processing some transactions as a result, but the system is operating normally now.

Chu says the problem Sunday was unrelated to the security breach potentially affecting Visa and MasterCard customers that was reported Friday by credit card processor Global Payments Inc.

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Nominate an Everyday Hero

Bay News 9 profiles people making a positive difference in the Bay area community and beyond.

Do you know someone who should be an Everyday Hero? L

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Property value carnage

Downtown Hartford’s high vacancy rates have wreaked havoc on the property values of nearly all Class A office towers in the central business district, some of which have lost up to 70 percent of their value over the past five years, a Hartford Business Journal examination of city records has found.

Connecticut River Plaza, which has stood vacant since its prime tenant UnitedHealthcare left in 2010, had a market value of $59 million in 2006, a year in which real estate values neared their peak. But after Hartford’s 2011 revaluation, the city slapped an $18.6 million valuation on the complex’s 556,259 square office foot towers that overlook the Connecticut River.

Nearby, the empty Bank of America building at 777 Main St. was valued at $7.4 million in 2011. That’s down 42 percent from its previous market value of $12.6 million.

But it’s not just vacant properties that have taken a hit. All of do

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Boeing delivers 787s to Japan Airlines

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EVERETT, Wash. — Boeing Co. delivered two of its new 787s to Japan Airlines on Monday. The planes will be the first 787s that will fly commercially from the U.S.

The airline plans to fly the planes between Boston and Tokyo starting April 22. It later plans to add flights between San Diego and Tokyo.

The airline has ordered 45 of the jets. Boeing has booked orders for 873 of the planes altogether. It delivered its first 787 last fall to JAL competitor All Nippon Airways Co. Those planes are being flown in Asia. United Airlines will be the first U.S. carrier to get one, later this year.

The 787s delivered Monday are the first with General Electric engines. Boeing got U.S. government approval for those engines on the 787 just last week.

At Everett’s Paine field, about 60 787s sit parked on what seems like every available space.

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2 suits filed against Anderson County businessman

EASLEY, S.C. (AP) — Two lawsuits have been filed against a Pickens County businessman whose precious metals business is under investigation for securities fraud allegations.

The lawsuits filed Monday in Pickens County seek damages from Ronnie Wilson. Each one also names people who worked for or with Wilson as part of an alleged scheme run out of his Easley business.

Authorities say Wilson told customers of Atlantic Bullion & Coin their money was being used to buy silver as an investment. Prosecutors accusing Wilson of securities fraud say little of the precious metal was ever purchased.

Prosecutors had been expected to ask a judge Thursday to freeze Wilson’s accounts, but a spokesman said Wilson had agreed to hand the money over to the attorney general’s office, which will hold the money for investors.


Home sales show strength, prices rise

- Home sales fell in February, but upward revisions to the prior month’s pace and the first yearly increase in prices in 15 months pointed to steady improvement in the housing market.

Existing home sales fell 0.9 percent in February from January but still notched their second highest level since May 2010, the National Association of Realtors said on Wednesday.

“We are starting to improve slowly. There is some encouraging news, but the dramatic things that need to happen to really turn the market around aren’t there,” said Mitchell Hochberg, Principal at Madden Real Estate Ventures in New York.

Realtors say the labor market needs to strengthen significantly and banks must ease lending conditions, which every month result in about a third of contracts being canceled, for a decisive recovery to take root.

Job creation has stepped up in recent months, with employers adding a total of 734,000 jobs to their payrolls over the last three months.

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Waldorf Astoria Naples changeover nearly complete

The name change is official, but the Waldorf Astoria Naples is still evolving.

Formerly known as the Naples Grande Beach Resort, the luxury resort soon will get a big “W” at the top, where there was once an “R” for Registry Resort, its original name.

The resort, with 474 rooms on 23 acres overlooking the Gulf of Mexico, first opened in 1988. It has changed hands twice.

When the new “W” sign goes up in a few weeks, there will be a ceremony for local leaders.

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