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07-01-2009: Banking stocks up despite profit-taking Wednesday, January 7, 2009 @ 12:57AMKUALA LUMPUR: Banking stocks ended higher yesterday despite the market coming under selling pressure for most of the day as investors took profits following Monday’s hefty gains.
07-01-2009: Sime Darby drops bid for IJN Wednesday, January 7, 2009 @ 12:56AMKUALA LUMPUR: Plantation giant Sime Darby Bhd has withdrawn its bid to privatise the National Heart Institute (IJN), a move that effectively relieves the cabinet from reversing its earlier approval of the proposal.
Subir Roy: A peaceful revolution in Bangladesh Wednesday, January 7, 2009 @ 12:56AMThe just concluded elections in Bangladesh can turn out to be the most significant in its history and carry the potential to have a significant impact well beyond its borders on the entire subcontinent.
Aaditya Mattoo & Arvind Subramanian: Beyond Doha Wednesday, January 7, 2009 @ 12:56AMThe importance of issues that Doha does not address is becoming glaringly evident. The recent G-20 summit communiqué included a commitment by world leaders not to impose protectionist measures. The ink was barely dry before a number of countries took measures to protect domestic firms.
State might make loans to businesses Wednesday, January 7, 2009 @ 12:55AM$10 million in low-interest loans could be made available to businesses.
Babcock in ‘Substantial’ Negative Net Asset Position (Update1) Wednesday, January 7, 2009 @ 12:53AMJan. 7 (Bloomberg) -- Babcock & Brown Ltd. , discussing a debt for equity swap with creditors as it struggles to avert collapse, said impairment charges mean its liabilities substantially outweigh its assets.
TxDOT says no need for light at SH 321 and Peach Wednesday, January 7, 2009 @ 12:52AMThe Senior Citizens Center wants it, the City of Cleveland wants it, the Cleveland Police Department wants it, but TxDOT says it’s not needed. The Texas Department of Transportation (TxDOT) determined that the intersection of SH 321 and Peach Street does not warrant a traffic signal.
CA-BUSINESS Summary Wednesday, January 7, 2009 @ 12:50AMHONG KONG (Reuters) - Asian stocks rose on Wednesday, extending their recent rally into an eighth straight day, inspired by hopes massive U.S. government spending and tax cuts will continue to support the dollar and stimulate demand for exports.
Despite silt, the port would be built Tuesday, January 6, 2009 @ 12:52AMProbably the most important decisions leading to eventual development of a modern harbor at Freeport came in the 1920s, following total expenditures of about $3 million designed to prevent silting.
Manhattan housing up in 4Q, but luxury market down Tuesday, January 6, 2009 @ 12:52AMNEW YORK (AP) - In what seemed like a New York-minute, prices of luxury homes in Manhattan are suddenly falling.
NATURE 2009 - In troubled times, outdoors offers bright spots Tuesday, January 6, 2009 @ 12:51AMAs a new year takes flight, we look to nature for the promise and predictability of changing seasons - and unexpected wonders.
Sturgis may record budget surplus for year Tuesday, January 6, 2009 @ 12:50AMSTURGIS -- Financial numbers are painting bleak pictures throughout the nation. The picture in Sturgis, on the other hand, provides a lot of encouragement.
Gainesville schools may hike out-of-district tuition rate Tuesday, January 6, 2009 @ 12:49AMThe Gainesville school board is considering multiple proposals for an out-of-district tuition increase, one of which could double tuition to $900 for some students but allow breaks for children of Gainesville alumni and business owners.
After Ike, Galveston ISD still supports poorer districts Tuesday, January 6, 2009 @ 12:49AMAfter losing property, students and taxpayers due to Hurricane Ike, Galveston School District needs all the help it can get.
School district studies ways to save water to avoid tidal wave of budget woes Sunday, January 4, 2009 @ 10:31AMWaterless urinals. Infrared flush valves. Those are among water-saving options the Rapid City School District might look into as it reacts to higher city water rates.
Oil PSU officers to go on strike from January 7 Sunday, January 4, 2009 @ 10:29AMCalling a ministerial group formed to look into their demand for higher pay an eyewash, PSU oil firm executives today said they will go on indefinite strike from January 7.
2008 PETERBILT 386 Sunday, January 4, 2009 @ 10:29AM* Plus government fees and taxes, any finance charges, any dealer document preparation charge, and any emission testing charge. serial number: 1XPHDB9X28N748961, stock number: P748961, 57 miles, 435 HP, White, Flex Air suspension, 40000 axle cap.
DoT may endorse doubling reserve prices for 3G Sunday, January 4, 2009 @ 10:25AMUnder pressure to charge market driven price for spectrum, the Department of Telecom (DoT) may finalise the higher reserve price for 3G services at Rs 4,040 crore for pan-India allocation, as recommended by the Ministry of Finance.
Global Corporate Profits to Drop in ’09; More Bankruptcies Loom Sunday, January 4, 2009 @ 10:25AMJan. 5 (Bloomberg) -- Corporate earnings will continue to slump into the first half of 2009 amid the first simultaneous recessions in the U.S., Japan and Europe since World War II.
Transporters to go on strike from midnight Sunday, January 4, 2009 @ 10:25AMSupplies of essential commodities may get disrupted in the coming days with transporters going on an indefinite strike from midnight tonight after their talks with the government failed for the third time.
Rajesh Tandon: Beyond the middle class? Sunday, January 4, 2009 @ 10:17AMThe poor have been voicing their anger for decades but no one notices them. Since the Mumbai terror attacks, there has been an unprecedented public demonstration of anger and protest against the inefficiencies in our system of governance.
Rs 20,000 crore boost for public sector banks Friday, January 2, 2009 @ 9:47PMThe government today said it would take up the recapitalisation of around half-a-dozen public sector banks during the next financial year. This would be followed by more banks in 2010-11.
Hyderabad firm Lanco to shift base to Gurgaon Friday, January 2, 2009 @ 9:46PMPower producer Lanco Infratech is all set to shift its offices to Gurgaon from Hyderabad in a bid to better manage its upcoming power projects in north India and be close to the seat of power in New Delhi.
Govt takes steps to revive CV sales Friday, January 2, 2009 @ 9:44PMThe government today announced a slew of measures, including credit to NBFCs and providing accelerated depreciation of 50 per cent, to boost sales of commercial vehicles.
Crisis to continue, but India to achieve 7% growth: Montek Friday, January 2, 2009 @ 9:43PMWarning that the global economic crisis would continue through this year, Planning Commission Deputy Chairman Montek Singh Ahluwalia said India would still manage 7 per cent growth in FY09 which should be a "good performance."
Govt to recapitalise public sector banks Friday, January 2, 2009 @ 9:43PMPledging a Rs 20,000 crore recapitalisation package for public sector banks in the next two years, the government today said the credit target of the banks are being revised upward to prop up economy.
Local councils to get double, even triple allocations: Wong Friday, January 2, 2009 @ 9:42PMSIBU: Environment and Public Health Minister Dato Sri Wong Soon Koh has given assurance that the government would double or even triple financial allocations to local councils in the state.
Polar Bear Challenge set for New Year’s Day Friday, January 2, 2009 @ 9:41PMAt least 20 brave souls are expected to participate in the Hill Country College Fund’s second annual Polar Bear Challenge. The charity event is planned for noon on New Year’s Day at Mo-Ranch, 2229 FM 1340 in Hunt.
GMAC to get $5B in bailout funds Tuesday, December 30, 2008 @ 3:11AMWASHINGTON - The Treasury Department said Monday that it will provide $5 billion to GMAC Financial Services LLC, the ailing financing arm of General Motors Corp., from the $700 billion bank rescue program.
Time Management Tips For Financial Professionals Tuesday, December 30, 2008 @ 3:09AMThe world of finance has evolved into a highly competitive workplace.
Gujarat State Finance Corp. Q2 Net Loss Narrows Tuesday, December 30, 2008 @ 3:08AM(RTTNews) - Gujarat State Finance Corporation stated that the net loss for the second quarter ended September 30, 2008 narrowed to Rs.23.63 crore from Rs.29.64 crore in the corresponding quarter of last year. Total income increased to Rs.31.47 crore from Rs.7.06 crore in the year ago quarter.
Nigeria: JTF Arrests Attackers of NAOC Flow Station Tuesday, December 30, 2008 @ 3:06AMThe Joint Task force has arrested two prominent Bayelsans over their involvement in the Christmas day attack on the Tebidaba flow station belonging to the Nigerian Agip Oil Company (NAOC) in which some lives were lost.
RBI governor meets PM; stimulus package soon Tuesday, December 30, 2008 @ 3:06AMPrime Minister Manmohan Singh today held consultations with Reserve Bank of India Governor D Subbarao amid expectations that the government would shortly announce its second stimulus package to prop up the economy hit by the global slowdown.
Spending doubled as Obama led billion-dollar campaign Sunday, December 28, 2008 @ 8:05AMBarack Obama surpassed all other presidential rivals in a record-setting 2008 US election campaign that generated $1.7 billion in spending by candidates.
Chola DBS Finance to rasie Rs 300 cr Sunday, December 28, 2008 @ 8:04AMCholamandalam DBS Finance Ltd plans to issue preference shares to its promoters to raise Rs 300 crore capital. The preference shares will be issued at a price of Rs 300, 7.5-times higher than the current equity share price of Rs 40.50.
EU on road to peace in Mindanao Sunday, December 28, 2008 @ 8:04AMTHE road to lasting peace in Mindanao may seem bumpy but the European Union (EU) fervently believes that the smooth way forward is through dialogue and confidence-building—with nongovernmental organizations (NGOs) in the driving seat.
Lawmakers police budget Sunday, December 28, 2008 @ 8:01AMIt may be the Year of the Ox in 2009, but some lawmakers are working to ensure that it does not become a year when politicians use state funds for their electoral campaign in 2010.
Oil prices risk tumbling further in 2009 Sunday, December 28, 2008 @ 8:00AMLONDON: Oil prices, which hit record highs above $147 a barrel this year before plunging under $33, risk slumping more in 2009 as recession curbs the world’s appetite for energy, analysts say.
Local kindergartens face cuts as state pegs funding to all-day, every-day sessions Sunday, December 28, 2008 @ 7:58AMPress Photo/Hollyn JohnsonReady for all day? Keegan Berg, left, and Brooke Miller, second from right, are among the young-five students raising their hands at Collins Elementary School in Forest Hills, which intends to stay with part-time classes. GRAND RAPIDS —...
GMAC silent after deadline passes Sunday, December 28, 2008 @ 7:58AMEven after a crucial deadline came and went, the financing arm of General Motors remains silent on whether it has cleared a final hurdle to become a bank holding company.
2001 INTERNATIONAL 4700 Friday, December 26, 2008 @ 9:23AM* Plus government fees and taxes, any finance charges, any dealer document preparation charge, and any emission testing charge.
2009 ISUZU NPR HD Friday, December 26, 2008 @ 9:23AM* Plus government fees and taxes, any finance charges, any dealer document preparation charge, and any emission testing charge. serial number: 9J800594, stock number: 9588B, 325 HP, White, Spring suspension, 11020 axle cap.
MARKET SNAPSHOT: U.S. Stocks Open Higher With Holiday Sales In Play Friday, December 26, 2008 @ 9:23AMU.S. stocks opened higher on Friday, led by gains in energy shares as crude oil prices advanced, while retailers were in focus as post-Christmas sales kick off in earnest.
County seeking share of major stimulus bill Friday, December 26, 2008 @ 9:23AMButte-Silver Bow will seek a share of a major economic development bill currently before Congress.
Housing Trust Fund gets $10,000: Grant will aid low-income families Friday, December 26, 2008 @ 9:22AMThe Bank of America Foundation has awarded a $10,000 grant to the San Luis Obispo County Housing Trust Fund, officials of the nonprofit association announced this week.
Deluge of bad news a festive tradition Friday, December 26, 2008 @ 9:22AMWhile people were otherwise distracted wrapping presents and leaving out snacks for Santa, several companies took the opportunity to dump bad news late on Christmas Eve.
Stocks up after GMAC lifeline, dip in retail sales Friday, December 26, 2008 @ 9:21AMNEW YORK - Wall Street rose modestly in light post-holiday trading today, but was still cautious about embarking on a year-end rally following dreary preliminary readings...
Stocks up after GMAC lifeline, dip in retail sales Friday, December 26, 2008 @ 9:21AMNEW YORK (AP) - Wall Street is up in light post-holiday trading Friday, but still cautious about embarking on a year-end rally after dreary readings on holiday spending.
Fortis: A capital idea Wednesday, December 24, 2008 @ 6:34PMInfusing money to fund growth plans and pay back debt is good strategy. Since the promoters are the major shareholders in Fortis Healthcare with a stake of close to 75 per cent, most of the Rs 1,000 crore to be raised through the proposed rights issue will be brought in by them.
Bailout in Works for GMAC Wednesday, December 24, 2008 @ 6:33PMNEW YORK (CNNMoney.com) -- The Federal Reserve on Wednesday opened the door for GMAC to get federal bailout money by granting the troubled General Motors finance arm status as a bank holding company.