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  • Asia Day Ahead: German Banks May Need to Raise $135 Billion on Regulations Monday, September 6, 2010 @ 4:39PMThe following are the top Asia stories for the day.
  • Greece default risk is 'substantial,' Pimco man says Monday, September 6, 2010 @ 4:38PMGreece still faces a "substantial" default risk as insolvency prevents the nation from repaying its debt when its bailout program expires in three years, Pacific Investment Management Co. fund manager Andrew Bosomworth said.
  • As always, no such thing as a free lunch Monday, September 6, 2010 @ 9:33AM‘There is no evading the obligations. Pay we must – sooner or later.’ THE late sci-fi novelist Robert Heinlein has elevated the adage "there is no such thing as a free lunch" into a high principle. It is impossible to get something for nothing.
  • How to show lenders you're a good risk Monday, September 6, 2010 @ 7:09AMQ. I am an honest person, but poor. My concern is: I need transportation. I've financed two new cars, paying off both fully. I've also repaid about $30,000 in student loans. The issue is that the most recent of these positive debt elements -- the large student loan paid in 1998, I think -- is ancient history. I've not needed or used credit in more than 10 years. Surely, there is record of these ...
  • Business Rx: Health consultancy seeks answers to questions about pursuing outside investors Sunday, September 5, 2010 @ 11:00PMThe entrepreneur Cherise P. Scott and Sylvie A. Kwedi worked together in the same department at a health nonprofit organization, helping to develop sites for clinical trials. When the department was eliminated by the organization, they decided to take the skills they had developed and use them to...
  • Ventures abroad facing a bumpy road Sunday, September 5, 2010 @ 8:08PMWith the rapid growth of China's economy and its fast-paced integration with the global market, "Chinese companies going global" has suddenly become a hot topic.
  • Asian markets up on growth reports Sunday, September 5, 2010 @ 7:54PMAsian stocks rose, lifting the MSCI Asia Pacific Index to its biggest weekly increase in three, as Japan said it's ready to act to rein in the yen and reports showed growth in Chinese and US manufacturing.
  • Councilman calls on Bell to keep promise on dikes Sunday, September 5, 2010 @ 7:02AMBy IGNAZIO MESSINA BLADE STAFF WRITER Some 1,600 Point Place residents could be forced to buy federal flood insurance at a cost of $700 or more a year if the Bell administration reneges on a promise to improve a dike system built in the early 1970s, Councilman Lindsay Webb said. The dike system, built to help prevent flooding, is in need of $1.2 million to $2 million of improvements. Mayor Mike ...
  • Kingston school lunch program ran $104K deficit in 2009-10 Sunday, September 5, 2010 @ 2:07AMKINGSTON — The Kingston school district’s lunch program ran a $104,093 deficit in 2009-10, Aramark Educational Services’ first year running the program, according to a report from the district treasurer.
  • City to talk road projects Sunday, September 5, 2010 @ 12:23AMDespite an irregular schedule of city committee meetings in previous months, the Infrastructure Committee will meet Wednesday evening to discuss a major overhaul of W. Ridgecrest Blvd., designs for which are now 100 percent complete. Wednesday the committee will also consider a list of road and facility improvements that could potentially be slated for funding through $24.9 million the city ...
  • Glens Falls Hospital eyes new loan program for patients Saturday, September 4, 2010 @ 11:35AMGLENS FALLS -- Glens Falls Hospital is trying a novel approachto help patients to pay for the care they receive.
  • Bonds give Obama support Saturday, September 4, 2010 @ 11:09AMThe bond market is giving President Obama the green light to spend more money to boost the faltering economy. While the government has increased the amount of marketable Treasuries by 70 percent to $8.18 trillion the past two years, rising...
  • Financial Focus Does corporate America have the gumption? Saturday, September 4, 2010 @ 10:32AMWeekly Market Recap Has corporate America lost its gumption? Three of the things that have made the United States so great are the determination, fearlessness, and entrepreneurial spirit of our people. Unfortunately, that seems to be a bit lacking right now with the leaders of some of our country's largest companies.
  • The flight to safety Saturday, September 4, 2010 @ 8:17AMInvestors must rethink everything in facing possibility of Japanese-style deflation
  • The political consequences of stagnation Saturday, September 4, 2010 @ 6:08AMMY apologies to T. S. Eliot, but September, not April, is the cruelest month. Before 9/11/2001, there was 9/11/1973, when Gen. Augusto Pinochet toppled the Allende government in Chile and ushered in a 17-year reign of terror. More recently, on 9/15/2008, Lehman Brothers went bust and torpedoed the global economy, turning what had been a Wall Street crisis into a near-death experience for the ...
  • Duping the families of fallen soldiers Saturday, September 4, 2010 @ 4:23AMThe package arrived at Cindy Lohman’s home in Great Mills, Maryland, just two weeks after she learned that her son, Ryan, a 24-year-old Army sergeant, had been killed by a bomb in Afghanistan. It was a thick, 9-inch-by-12-inch envelope from Prudential Financial Inc., which handles life insurance for the Department of Veterans Affairs.
  • State officials work to sell benefits of $875 million I-Jobs program Saturday, September 4, 2010 @ 2:49AMIowa’s $875 million I-Jobs program is misunderstood, and it is at work in all 99 state counties and will continue to benefit the public in the future, a pair of state officials said Thursday in a visit to Ames.
  • LCC eyes Portland’s Gerding Edlen to manage downtown construction Saturday, September 4, 2010 @ 2:23AMThe Portland development firm Gerding Edlen has emerged as the top choice to manage construction of the new Lane Community College campus in downtown Eugene. According to material prepared for the LCC board’s Wednesday meeting, Gerding Edlen finished first among seven firms that submitted bids for the work. If the …
  • I-JOBS: Economic boom, or debt for two generations Wednesday, September 1, 2010 @ 1:07PMIowa’s I-JOBS program — economic boom or a lot about nothing?
  • New York OTB drops early-retirement offer Wednesday, September 1, 2010 @ 12:47PMNew York City Off-Track Betting Corporation has scrapped an offer to allow its unionized employees to participate in a state-sponsored early-retirement program after it failed to reach a deal with the union by a Tuesday deadline, the OTB’s top official said in a statement released on Tuesday.
  • Chafee proposes new rules, limits on states loan-guarantee program Wednesday, September 1, 2010 @ 12:03PMPROVIDENCE - Having stated his opposition early and often to the state's promise of a $75-million loan guarantee to former Red Sox pitcher Curt Schilling's video-game venture, gubernatorial candidate Lincoln Chafee is now proposing a new way of choosing future recipients of the state's loan guarantee program.
  • Unprecedented budget shortfall a 'long-term problem' Wednesday, September 1, 2010 @ 11:54AMThe shortfall is only the beginning of a string of lean budgets that will force Scottsdale to act swiftly.
  • Is graduate school the answer for you? Wednesday, September 1, 2010 @ 11:29AMCareer counselors everywhere are fielding this question: Should I go to graduate school to wait out the economy and re-enter the job market with stronger credentials?
  • Manulife's C$10B Offering Wednesday, September 1, 2010 @ 11:16AMManulife Financial Corporation has filed for a securities offering of $9.4 billion with the Canadian and U.S. regulators.
  • British Pound Depreciates Against Euro as U.K. Manufacturing Growth Slows Wednesday, September 1, 2010 @ 11:15AMThe pound weakened for a second day against the euro as a report showed U.K. manufacturing growth fell to a nine-month low in August, stoking speculation that the economic recovery is stalling.
  • Press Release Wednesday, September 1, 2010 @ 10:34AMGilead Sciences Inc. Posted on:01 Sep 10 Gilead Sciences, Inc. (Nasdaq:GILD) today provided an update on the company’s previously announced $5.0 billion stock repurchase program authorized by Gilead’s Board of Directors in May 2010. Gilead has repurchased approximately $2.2 billion in common stock under this program through August 31, 2010.
  • Fitch Affirms Southern Union and Panhandle Eastern at 'BBB-'; Outlook Stable Wednesday, September 1, 2010 @ 10:29AMNEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the ratings of Southern Union Company (SUG) and Panhandle Eastern Pipe Line Company, LP (PEPL) as follows: Southern Union Company --Issuer Default Rating (IDR) at 'BBB-'; --First mortgage bonds at 'BBB'; --Senior unsecured at 'BBB-'; --Junior subordinated at 'BB'. Panhandle Eastern Pipe Line Company --IDR at 'BBB-'; --Senior unsecured at 'BBB ...
  • Mortgage Bonds Lose Ground With Home Refi Boom: Credit Markets Tuesday, August 31, 2010 @ 10:28PMGovernment-backed U.S. mortgage bonds underperformed Treasuries in August by the most since November 2008 amid concern federal intervention may spark a refinancing wave that reduces the value of the securities.
  • Oi Plans Bond Sale as Pimco Predicts $12 Billion of Deals: Brazil Credit Tuesday, August 31, 2010 @ 10:25PMThe biggest year for Brazilian corporate debt sales is about to get busier as record-low borrowing costs prompt Pacific Investment Management Co. to predict $12 billion in offerings by year-end.
  • Spain’s Zapatero:Debt auctions show Spanish Government can meet it’s financing costs Tuesday, August 31, 2010 @ 10:13PMThe opinions and analysis offered on Forexlive are for educational purposes only and clients and prospects are advised to carefully consider the opinions and recommendations offered by the analysts and to use the analysis and opinions in conjunction with the client and/or prospects own independent analysis.
  • Wheeling and dealing Tuesday, August 31, 2010 @ 9:56PMON TRACK, PART 9: CONTINUED, A PROFILE OF R.D. HUBBARD Lincoln County voters will mail in their ballots next month, deciding whether a 3/16th of a cent gross receipts tax, called a Business Retention Tax, will be imposed on the sale of goods and services in the county to offset a portion of the annual tax debt to the state of New Mexico of Ruidoso Downs Race Track and Billy the Kid Casino.
  • A Foreclosure Crisis For A Company in Charge of Dozens of Hartford Properties Tuesday, August 31, 2010 @ 9:23PMOne of the rental properties owned by Martin Carlin, whose many Hartford properties are under foreclosure. Martin Carlin — the Connecticut real estate investor — has big problems on his hands.
  • Kuveyt Turk, Islamic Development Bank Plan Sukuk Sales: Islamic Bond Alert Tuesday, August 31, 2010 @ 8:44PMThe following borrowers are expected to sell Islamic bonds, which use asset returns to pay investors to comply with the religion’s ban on interest.
  • Mortgage Bonds Lose Ground With Home Refi Boom: Credit Market Tuesday, August 31, 2010 @ 7:22PMFannie Mae, Freddie Mac and Ginnie Mae bonds tied to home loans returned 34 basis points, or 0.34 percentage point, less than U.S. debt this month, Barclays Capital indexes show. A Fannie Mae 6.5 percent bond maturing in about 24 years fell 0.75 cents this month to 108.9 cents on the dollar as a 4.5...
  • AM Gold Inc.: Shares for Debt/Setting of New Incentive Stock Options Tuesday, August 31, 2010 @ 3:23PMVANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2010) - AM Gold Inc. (TSX VENTURE:AMG)(FRANKFURT:AMX) (the "Company") wishes to announce that it has settled its outstanding debt with Solitaire Minerals Corp. in the amount of $300,000 payable $100,000 in cash and $200,000 by way of shares issued at $0.35 per share, subject to regulatory approval. The $300,000 debt settlement satisfies all ...
  • SGI to Resume $40 Million Stock Repurchase Program Tuesday, August 31, 2010 @ 3:21PMFREMONT, Calif.--(BUSINESS WIRE)--SGI (NASDAQ:SGI), a trusted leader in technical computing, today announced that it is resuming the stock repurchase program authorized by the Board of Directors and originally announced in February of 2009, providing for the repurchase of up to $40 million of the Company’s stock. “Our resumption of the previously announced repurchase program today reflects the ...
  • Danaos Corporation Reports Second Quarter and Half Year Results for the Period Ended June 30, 2010 Tuesday, August 31, 2010 @ 3:21PMATHENS, GREECE--(Marketwire - August 31, 2010) - Danaos Corporation ("Danaos") ( NYSE : DAC ), a leading international owner of containerships, today reported unaudited results for the period ended June 30, 2010.
  • SGI to Resume $40 Million Stock Repurchase Program Tuesday, August 31, 2010 @ 3:05PMFREMONT, Calif.----SGI , a trusted leader in technical computing, today announced that it is resuming the stock repurchase program authorized by the Board of Directors and originally announced in February of 2009, providing for the repurchase of up to $40 million of the Company’s stock.
  • Danaos Corporation Reports Second Quarter and Half Year Results for the Period Ended June 30, 2010 Tuesday, August 31, 2010 @ 3:05PMATHENS, GREECE--(Marketwire - 08/31/10) - Danaos Corporation ("Danaos") (NYSE: DAC - News ), a leading international owner of containerships, today reported unaudited results for the period ended June 30, 2010. Highlights for the Second Quarter and Half Year Ended June 30, 2010: -- Adjusted net income(1) of $7.6 million or $0.14 per share and $19.9 million or $0.36 per share for the quarter and ...
  • U.S. Concrete Completes Reorganization Tuesday, August 31, 2010 @ 2:37PMEmerges From Chapter 11; Secures $75 Million Bank Credit Facility; Issues $55 Million in Convertible Notes
  • U.S. Concrete Completes Reorganization Tuesday, August 31, 2010 @ 2:31PMHOUSTON, TX--(Marketwire - 08/31/10) - U.S. Concrete, Inc. (Pinksheets: RMIXQ - News ) today announced that it has met the requirements of its Plan of Reorganization and emerged from chapter 11 proceedings just four months after commencing the reorganization of its balance sheet. "We are very pleased to have concluded this comprehensive financial restructuring that significantly reduced the ...
  • Tough road ahead for Centro's retail centres trust Monday, August 30, 2010 @ 12:24PMCENTRO RETAIL TRUST is hoping its lifesaving restructuring and refinancing will be nearer to completion late next year, but it has warned the road ahead remains very challenging.
  • Education Secretary in Albany Monday, August 30, 2010 @ 12:14PMAlbany Police spotlight the frustrations and concern they have with their city. The U-Albany Lacrosse team was prepping Monday for their game against Siena on Tuesday.
  • Japan Policy Tinkering Leaves Economic Outlook With `Huge Downside Risks' Monday, August 30, 2010 @ 11:44AMJapan’s limited policy response yesterday to risks facing economic growth after a surge in the yen may leave the recovery dependent on overseas spending.
  • Clearwire Introduces Rover: Instant Gratification to the Internet Addicted Monday, August 30, 2010 @ 10:30AMKIRKLAND, Wash.----Clearwire Corporation today unveiled Rover™: the nation’s first pay-as-you-go 4G mobile broadband service for tech-savvy Gen Y customers. The Rover brand is designed for digitally addicted youth who refuse to settle for long-term contracts, overpriced internet service, or speeds slower than what they’ve become accustomed to at home.
  • GLOBAL ECONOMY WEEKAHEAD-Jobs data to show severity of malaise Monday, August 30, 2010 @ 10:03AMGLOBAL ECONOMY WEEKAHEAD-Jobs data to show severity of malaise
  • 84 Lumber closer to refinance goal Monday, August 30, 2010 @ 9:51AMThis article has been read 4075 times.
  • Deficit Cost Drop Gives Obama Stimulus Clinton Missed Monday, August 30, 2010 @ 9:18AMThe bond market is giving President Barack Obama the green light to spend more money to boost the faltering economy.
  • Asian Stocks Rise Most in Five Weeks on Stimulus Speculation Monday, August 30, 2010 @ 9:14AMAsian stocks rose, lifting the MSCI Asia Pacific Index by the most in five weeks, as the Bank of Japan expanded a bank-loan program and Federal Reserve Chairman Ben S. Bernanke pledged to safeguard the U.S. economic recovery.
  • School Openings Saturday, August 28, 2010 @ 12:35PMA massive $7.5 million construction project in progress at the Melrose Public Schools campus is on schedule and should be completed by opening day, if not for the Open House set for Wednesday evening, Sept. 1.