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Financial News

Tax cuts, spending planned Tuesday, January 6, 2009 @ 12:54AMWASHINGTON — President-elect Barack Obama declared the national economy was “bad and getting worse” Monday as he began crisis talks with congressional leaders on emergency action.
BB&T new CEO era begins Tuesday, January 6, 2009 @ 12:54AMWINSTON-SALEM -- BB&T Corporation (NYSE: BBT) Friday announced its new chief executive officer.
Obama May Use Chavez as First Test for Talking With Adversaries Tuesday, January 6, 2009 @ 12:54AMJan. 6 (Bloomberg) -- In a mirrored office tower overlooking Caracas, a top Venezuelan official says his government is ready to accept Barack Obama ’s offer to talk with U.S. adversaries -- if the president-elect scraps George W.
Fourth bank begins foreclosure against Hamilton Tuesday, January 6, 2009 @ 12:54AMA fourth bank has begun foreclosure actions against Rapid City businessman Doug Hamilton.
New NAU online president left Iowa under fire Tuesday, January 6, 2009 @ 12:53AMNational American University’s new online division president resigned as president of an Iowa college in August after a picture was published of him partying on a boat with his son and several young women.
Where’s our money? Tuesday, January 6, 2009 @ 12:53AMSports organizations still waiting for registration fees When Matthew Balkman found out the Issaquah Youth Lacrosse league hadn’t been paid for its fall registrations, he called the league’s online registration management company.When no one there returned his phone calls, he went and camped out at the Bellevue-based company’s front door, seeking an explanation for why the [...]
NAU seeks to triple online enrollment to 10,000 students Tuesday, January 6, 2009 @ 12:53AMRobert Paxton will be responsible for one of National American University’s most important growth areas when he starts work next week as the distance learning campus president.
2-1-1 assistance goes beyond hurricane woes Tuesday, January 6, 2009 @ 12:53AMSeveral weeks before hurricane season starts, county and city officials begin to urge residents in need to call 2-1-1 for evacuation assistance.
SWB Yankees sue food vendor Tuesday, January 6, 2009 @ 12:52AMSCRANTON – The management company for the Scranton/Wilkes-Barre Yankees has filed a federal lawsuit against the company that operated the concessions stands and Stadium Club restaurant at PNC Field, alleging the firm failed to pay all rent that is due.
Thailand Outlook Channel Sunday, January 4, 2009 @ 10:30AMThe meeting will be attended by three private organizations including the Federation for Thai Industries, the Chamber of Commerce of Thailand and the Thai Bank Association.
(AFX UK Focus) 2009-01-04 16:13 UPDATE 1-Top U.S House Democrat sees stimulus passed in Feb. Sunday, January 4, 2009 @ 10:28AMWASHINGTON, Jan 4 (Reuters) - The number-two-ranked Democrat in the House of Representatives on Sunday said he hoped Congress could pass a massive financial stimulus package by early to mid-February. Steny Hoyer, a Maryland Democrat who is House Majority Leader, said earlier hopes that a package could be ready for incoming President Barack Obama to sign into law on his Jan. 20 inauguration were ...
At heart of downtown, Seventh and Main endure a rough patch Saturday, January 3, 2009 @ 11:39PMStory by MIKE WIGGINS, photos by GRETEL DAUGHERTY
Washington People News Saturday, January 3, 2009 @ 11:38PMJoni B. Mansmann, director of business and finance for Canon-McMillan School District, has been named a MetLife Resources/ASBO International Bridges to the Future Scholarship recipient.
Love-all Chennai Saturday, January 3, 2009 @ 11:36PMThe new year kicks off with the Chennai Open, an important tennis tournament.
Seizing the moment Saturday, January 3, 2009 @ 11:36PMThe Israelis bomb Gaza out of shape, and the Sri Lankan army captures the Kilinochchi headquarters of the Liberation Tigers of Tamil Tigers (LTTE). What could the Palestinians and Sri Lanka’s Tamilians be thinking?
Agency for youth struggling Saturday, January 3, 2009 @ 11:36PMASHEVILLE – When the Asheville-Buncombe Education Coalition closed in April, local nonprofit agency One Youth at a Time vowed to pick up the pieces.
Apply for scholarships now Saturday, January 3, 2009 @ 11:35PMDeadlines are approaching for college-bound high school students to apply for scholarships through the Community Foundation of Western North Carolina, which administers more than 55 scholarship programs.
Meeting next week on Fairground development plan Saturday, January 3, 2009 @ 11:35PM Saturday, January 03 GREAT BARRINGTON — The attorney for the developers of the Great Barrington Fairgrounds will meet with the Planning Board next Thursday night at a session that may well determine whether or not the project goes forward.
Mike Garibaldi-Frick: 2009: a Time for Real Economic Change Monday, December 29, 2008 @ 1:56AMAmericans need to understand that many of our problems are systemic and even Obama cannot fix them all from within our current political structure. We...
Power sector fails to light up 2008 Monday, December 29, 2008 @ 1:56AMNEW DELHI: The power sector has been notorious for missing capacity addition targets and it remained just that in 2008.
Nigeria: Credit Card Default - Ecobank Moves to Nip It in the Bud Monday, December 29, 2008 @ 1:55AMLucky Fiakpa reports that Ecobank Nigeria, the initiator of naira credit card in Nigeria, has reviewed its scheme in the face of reported payment default by cardholders across the country.
On the move Monday, December 29, 2008 @ 1:55AMLewis Drug recently promoted Mike Hawkins from assistant manager to store team manager at the 41st Street and Marion Road location in Sioux Falls; Julie Janssen has been promoted from assistant manager in Brookings to store team manager at the Lewis Madison store; Chuck Gerdes has been promoted to the Lewis Brookings store; and Keith Fortin promoted from store team manager of the 41st Street and ...
European Stock-Index Futures Are Little Changed; BP May Gain Monday, December 29, 2008 @ 1:55AMDec. 29 (Bloomberg) -- European stock-index futures were little changed as speculation that higher oil and metals prices will lift commodity producers offset concern that the global economy is deteriorating. Asian shares climbed.
No place like home Monday, December 29, 2008 @ 1:55AMZelda Gallegos considers herself blessed to have reached two milestones in her life thus far: owning her own home and being mortgage-free.
Nigeria: Anan Threatens to Stop Financial Reporting Council Bill Monday, December 29, 2008 @ 1:54AMAssociation of National Accountants of Nigeria (ANAN) has threatened to stop the proposed Financial Council Reporting Council (FRC) Bill from been passed into law.
Nigeria: Alleged N4 Billion Fraud - EFCC to Seal Up Vaswani Offices Monday, December 29, 2008 @ 1:54AMAbuja — THE Vaswani brothers are in the news again, as the Economic and Financial Crimes Commission (EFCC) is set to close down their car retail outlets, better known as The Honda Place in both Kano and Abuja, following the failure of the Vaswani brothers, operators of the Honda car franchise in Nigeria to honour its invitation.
Rome, Milan Slide in Sole’s List of Top Italian Cities to Live Monday, December 29, 2008 @ 1:54AMAosta, located in the Italian Alps near the French border, is the best place to live based on 36 criteria including gross domestic product per person, levels of car theft and the number of bankruptcies, the survey showed. The newspaper has been carrying out the annual report since 1990.
UPDATE 1-ECB Papademos sees lower rates if risks ease-paper Sunday, December 28, 2008 @ 8:05AMATHENS, Dec 28 (Reuters) - The risk of deflation in the euro zone is negligible and if price stability risks subside further monetary policy loosening would be warranted, European Central Bank Vice President Lucas Papademos said in a newspaper interview on Sunday.
The Quick, and the deadly Sunday, December 28, 2008 @ 8:04AMAt this rate, Jonathan Quick could see a longer stay with the Los Angeles Kings.
IDBI Fortis comes up with Bondsurance Sunday, December 28, 2008 @ 8:03AMIn order to tap customers looking for guaranteed returns without being affected by financial market conditions, IDBI Fortis Life Insurance, a joint venture between IDBI Bank and Fortis Insurance International, has launched a new product called Bondsurance.
The year that was, and the year ahead Sunday, December 28, 2008 @ 8:03AMIt was a rough ride indeed for many IT companies in 2008, particularly the latter part, all because of the global economic slowdown. In 2009, the projection by many industry analysts is nothing more but the same if not totally bleak.
Donations Down For Charities Wednesday, December 24, 2008 @ 6:35PMNonprofits are struggling to stay afloat in the current economic downturn. However, they hope they can appeal to the oldest of Christmas traditions - the spirit of giving.
Big-time payouts to bank executives troubling Wednesday, December 24, 2008 @ 6:31PMIt’s almost impossible to fathom, and certainly difficult to stomach.
Federal Reserve lets General Motors tap bailout fund Wednesday, December 24, 2008 @ 6:31PMWASHINGTON – The Federal Reserve has granted a request by the financing arm of General Motors to tap the government’s $700 billion rescue fund, bolstering GM’s ability to survive.
Special gifts for special needs children Wednesday, December 24, 2008 @ 2:32PMdubai – The face of 17-year-old Arnaud radiated a wide smile as he and his friends from the Dubai Centre for Special needs were handed Christmas gifts by officials of Mall of the Emirates and Kempinski Hotel, Dubai.
JapanToday: Japan News and Discussion ジャパントゥデイ:日本のニュースを英語で読む Wednesday, December 24, 2008 @ 2:31PMThe government will expand lending programs for Japanese companies operating overseas in the wake of the deepening global economic crisis, industry minister Toshihiro Nikai said Wednesday.
Jet Airways soars on bank loan buzz Wednesday, December 24, 2008 @ 2:31PMJet Airways (Jet) shares surged 8.26 per cent to Rs 178.85 on reports that banks have decided to sanction loans to ailing airlines. As per reports, Jet has been sanctioned a loan worth Rs 700-800 crore from a consortium of public sector banks including Punjab National Bank and State Bank of India.
Govt mulls long-term funding for infra companies via IIFCL Monday, December 22, 2008 @ 6:01AMIn a bid to provide long-term capital to infrastructure companies, the government is planning to provide them with subordinated debt with a maturity of around 10 years.
Saab Receives Order for the Indian DHRUV Helicopters Monday, December 22, 2008 @ 6:00AMRegulatory News:
Letters: The big picture on FiOS Monday, December 22, 2008 @ 6:00AMVERIZON FiOS is being blocked by Frank Rizzo Jr. and Wilson Goode Jr. from coming into Philly. FiOS being voted in would bring in millions of dollars of revenue to the city since Verizon would have to pay a percentage of its profits to the city annually on top of a flat fee of at least $10 million.
Toyota projects 1st ever operating loss for year Monday, December 22, 2008 @ 6:00AM(AP:NAGOYA, Japan) Toyota Motor Corp. slashed its earnings forecast again Monday, projecting that it would report its first operating loss ever for the fiscal year through March on waning global demand and a surging yen.
FBI Uses Triage to Shift From Terror to Madoff, Subprime Probes Monday, December 22, 2008 @ 6:00AMDec. 22 (Bloomberg) -- The FBI has engaged in “triage,” taking agents off terror and other crimes to respond to a cascade of financial frauds such as the alleged Bernard Madoff Ponzi scheme, the head of the bureau’s New York criminal division said.
Paulson says Congress needs to release the second $350 billion from the financial rescue fund Friday, December 19, 2008 @ 10:48AMTreasury Secretary Henry Paulson said Friday that Congress will need to release the last half of the $700 billion rescue fund because the first
(AFX UK Focus) 2008-12-19 16:22 TEXT-S&P cuts 12 major U.S. & Euro financial institutions rtgs Friday, December 19, 2008 @ 10:48AM(The following statement was released by the rating agency)
De Beers to shut down N.W.T. mine for 10 weeks in 2009 Friday, December 19, 2008 @ 10:47AMDiamond company De Beers announced it is further cutting back on work at its Snap Lake mine in the Northwest Territories by closing the mine for 10 weeks over the next year.
Ruble Falls Most Against Euro Since 1999 on Double Devaluation Friday, December 19, 2008 @ 10:47AMDec. 19 (Bloomberg) -- The ruble dropped the most against the euro in nine years after the central bank accelerated its devaluation of the currency to protect reserves as a 26 percent plunge in oil battered the economy.
HDFC to raise Rs 1k cr via bonds Friday, December 19, 2008 @ 10:47AMHDFC, the country’s largest housing finance company, is planning to raise up to Rs 1,000 crore through non-convertible debentures (NCDs) with a green-shoe option next week.
Single mums rushing into serial live-in relationships Down Under Friday, December 19, 2008 @ 4:55AMMelbourne, Dec 19 : Financial insecurity is forcing single Aussie mums to fall into serial live-in relationships, which may otherwise harm their kids, according to a new study.
Mass. investor saw inside Madoff scam Friday, December 19, 2008 @ 4:55AMBOSTON (AP) -- His repeated warnings that Wall Street money manager Bernard Madoff was running a giant Ponzi scheme have cast Harry Markopolos as an unheeded prophet.