Judge says loss in AIG scheme exceeds $500 million (AP) and Another economic report, another drop for oil (AP)
From: www.financialnewsusa.com
"NEW HAVEN, Conn. (AP) -- A federal judge has ruled that shareholders of American International Group Inc. (NYSE: AIG) lost more than $500 million as a result of a scheme to manipulate the financial statements of the world's largest insurance company.
The ruling Friday by Judge Christopher Droney ..."
IBD's Top 10 - Friday (Investor's Business Daily) and S.Korea unveils stimulus, more global rate cuts ahead (Reuters)
From: www.financialnewsusa.com
"Big Week Ends With More Gains1 The Nasdaq and NYSE composite rose for a 4th straight day, ending a week of big gains. The session also capped one of the worst months ever on Wall Street. On Fri., the Dow gained 1.6%, the S&P 500 1.5%, the NYSE 1.4% and the Nasdaq 1.3%. Volume retreated moderately. C..."
$308 Million Available For PECO Customers (Business Wire) and U.S. Development Group Receives First Ethanol Unit Trains to the Mid-Atlantic Region at Its Baltimore Ethanol Handling and Distribution Hub (Business Wire)
From: www.financialnewsusa.com
"PHILADELPHIA--(BUSINESS WIRE)--Beginning today, $308 million in federal grant money is available to help Pennsylvania low-income consumers manage their energy costs and stay warm this winter through the Low Income Home Energy Assistance Program (LIHEAP).
The state Department of Public Welfare, wh..."
Fitch Affirms Cancer Center of Santa Barbara (California) Bonds at 'BBB' (Business Wire) and Fitch Rates $312.8MM CMLTI 2008-AR4 (Business Wire)
From: www.financialnewsusa.com
"NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'BBB' rating on the California Municipal Finance Authority's $18.9 million revenue bonds, series 2006 (Cancer Center of Santa Barbara). The Rating Outlook is Stable.
The affirmation reflects Cancer Center of Santa Barbara's (CCSB) excellen..."
H&R Block closes sale of financial advisers unit (AP) and EMA Highlights Emerging IT Security and Risk Management Threats in Wake of Financial Crisis (PR Newswire)
From: www.financialnewsusa.com
"KANSAS CITY, Mo. (AP) -- Tax preparer H&R Block Inc. said Monday that it completed the sale of its financial advisers business to Ameriprise Financial Inc. for $312 million.Total cash proceeds of the sale, which was first announced in August, were $360 million, including repayment of certain inter-c..."
Blue Cross Blue Shield of Michigan Foundation Grant to Eastern Michigan University Will Help Ypsilanti Elementary Schoolchildren Lead Healthier Lives (PR Newswire) and Vector Intersect and Cyalume Reports Nine-Month Adjusted Net Income Increases 233% to $
From: www.financialnewsusa.com
"DETROIT, Oct. 30 /PRNewswire/ -- A grant from the Blue Cross Blue Shield
of Michigan Foundation will bring together a Michigan university and several
local elementary schools to help youngsters learn healthy lifestyle habits
they can take into adulthood.
Eastern Michigan University will use a ..."
Tim Brown: Playing Not to Lose (TheStreet.com) and In the world of alternative assets, pick the right manager (Fortune)
From: www.financialnewsusa.com
"Momentum is an important factor in pro sports. It can give players extra confidence or it can run them down and rob them of the belief they have in their own skills. It's a very powerful factor and one that can't and won't show up on a stat sheet.
Some good teams have become great by getting hot a..."
Midday Glance: Oil companies (AP) and Exxon Mobil explores for oil and gas off Guyana (AP)
From: www.financialnewsusa.com
"NEW YORK (AP) -- Shares of some top oil companies are mixed at noon:
Chevron (NYSE: CVX) fell $.40 or .5 percent, to $73.78.
ConocoPhillips (NYSE: COP) rose $.30 or .6 percent, to $52.14.
Exxon Mobil (NYSE: XOM) fell $.83 or 1.1 percent, to $74.22.
Marathon Oil (NYSE: MRO) rose $.29 or 1.0 perce..."
Commercial Metals 4Q profit tumbles (AP) and Commercial Metals 1Q forecast lower than analysts' (AP)
From: www.financialnewsusa.com
"IRVING, Texas (AP) -- Steel and metals maker and recycler Commercial Metals Co. said Thursday fiscal fourth-quarter earnings fell 39 percent as the company took a big expense related to its inventory accounting, caused by higher scrap prices.
Net income in the quarter ended Aug. 31 slid to $63.5 mi..."
Activist investors want Dillard's management ousted (Reuters) and Sears' ad indicates big post-Thanksgiving bargains (at CNNMoney.com)
From: www.financialnewsusa.com
"By Sarah CoffeyNEW YORK (Reuters) - Two activist investors in Dillard's Inc (NYSE: DDS) are seeking the ouster of its family-led management, including Chief Executive William Dillard II, over the department store operator's consistently poor results.
Dillard's shares surged 31 percent in Monday m..."
Global Media Networks Inc.'s Wholly Owned Subsidiary TicketBreak Corp. Launches National Radio Partner Program & Signs Central Ontario Broadcasting's ROCK95.7fm
From: www.financialnewsusa.com
"Global Media Networks, Inc. (OTC: GLME) today announced that its wholly owned subsidiary TicketBreak invites Radio Stations to join our National Radio Partners Program, a unique program designed to support listener growth and provide a new, non-Traditional Revenue Stream via your station's website! ..."
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