Real Estate - Daily Business Review
cClatchy Co., owner of the Miami Herald, has agreed to extend the closing deadline on a proposed deal to sell 10 acres surrounding the newspaper’s bayfront building in Miami. The Sacramento, Calif.-based company is giving Citisquare Group in Miami

BizTimes Real Estate Weekly: Investors expect slump to continue well - Biz Times
Most real estate investors believe the market will not recover until well into 2009, according to a new survey conducted by Colliers Investment Services Group, a division of Boston-based Colliers International, a leading global real estate services

Ready reckoner prices of property remain unchanged - Business Standard
The realtors and experts are not happy over the move and expect some bold steps, like reduction in ready reckoner prices, to give a boost to the sector. The government called the decision of not changing the ready reckoner prices as temporary and

Washington apartment complex fetches $13.2M - Seattle Business Journal
Bellevue real estate investor Stanley Xu wrapped up 2008 by purchasing another large apartment complex. An investor syndicate led by Xu paid Triad Investment Co. $13.2 million for the 190-unit Brittany Park Apartments at 1451 NE 8th St. in Auburn

21 Acre Gated Estate With Private Lake to Sell at Absolute Auction - Earthtimes
UNION CITY, Tenn. , Dec. 31 /PRNewswire/ — Alexander Auctions and Real Estate Sales ( www.alexanderauctions ) this day announced an absolute auction of the Gurien estate on Saturday, January 10, 2009 at 9 a.m. , according to Marvin Alexander

Real estate prices in Maharashtra may dip to refect slowdown - Business Standard
The property rates in the ready reckoner for Mahrashtra might drop marginally reflecting the subdued sentiments, sources said. A final decision may be taken tomorrow. The property ready reckoner is prepared by the office of the inspector general of

Jobs Classifieds Real Estate Rentals Autos - Cedar Rapids Gazette
GazetteOnline Home Log In Read The e-Edition Newsletters Text Alerts RSS Feeds Data Central Gazette Store FAQ Page Place a Classifed Ad News Home Log In Read The e-Edition Business Newsletters RSS Feeds Data Central Iowa Caucuses Gazette Store Sports

(Are stocks or real estate the superior investment for ‘09? Click on the - CNBC
Meanwhile, investors are still reeling from the Bernard Madoff scandal, with federal prosecutors beginning to consider what role offshore fund operations might have played in the $50 billion Ponzi scheme that Madoff is accused of orchestrating. The

Landowners sue TVA for $165M over spill - Columbia Daily Herald
KINGSTON — A group of land owners sued the Tennessee Valley Authority for $165 million on Tuesday over a dike burst that spilled more than a billion gallons of coal ash sludge. The six-page lawsuit was filed in state court by Jot and Brenda Raymond

Local real estate experts bracing for another rocky year - Naples Daily News
The battered housing market will continue to struggle this year in Southwest Florida. Home prices are expected to decline in 2009, but lower prices should spur more sales. In Lee County, 2008 turned out to be one of the best on record for existing

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Ecuador sees at least 70 pct cut in debt overhaul - Reuters
QUITO, Dec 31 (Reuters) - Ecuador will seek at least a 70 percent discount on its defaulted global bonds when it starts to buy them back in January, Minister of Economic Policy Diego Borja was quoted by a local newspaper on Wednesday. Borja, a former

Putin Warns Ukraine After Rejection of Gazprom Offer (Update1) - Bloomberg
Dec. 31 (Bloomberg) — Russia was poised to halt natural gas shipments to Ukraine tomorrow for the second time in three years as contract talks approached a midnight deadline, raising the threat of disruption to European supplies. Russian Prime

Market Report — Story Stocks (AIG) - MSN MoneyCentral
Financial Times reports American International Group (AIG 1.56) is ready to ask the Federal Reserve to ease rules on how bidders pay for assets. According to Financial Times , AIG wants to accept installment payments in an effort to make it easier

Citi, Barclays, JP Morgan lose triple A status - Economic Times
MUMBAI: Citibank and its four affiliates along with associates of Barclay’s, Deutsche Bank and JP Morgan have lost their triple A status in India. Rating agency Crisil has downgraded these institutions following current rating changes by Standard

UPDATE 1-U.S. oversight panel discussed TARP housing options - FXStreet.com
WASHINGTON, Dec 31 (Reuters) - The board charged with oversight of the U.S. Treasury’s $700 billion financial rescue fund discussed possible methods of using it to help mitigate foreclosures and supplement other housing stability efforts, minutes of

Fitch SMARTView: 52 U.S. CMBS Deals Placed ‘Under Analysis’ - Businesswire.com
NEW YORK–( BUSINESS WIRE )–Fitch Ratings has put 52 of its U.S. CMBS deals ‘Under Analysis’, indicating that Fitch will be issuing a rating action within 30 days. SMARTView is Fitch’s ongoing monthly surveillance process, with the ‘Under

Wednesday’s Personal Finance stories - Marketwatch
Whew! Last year at this time, we were wondering if it could get any worse. It did. Trouble in the subprime market exploded into an across-the-board rout. The credit crunch evolved into a global financial crisis. Markets tanked. Mighty institutions

NHB sees more rate cuts by home finance firms - Business Standard
“As we have reduced rates, we expect housing finance companies to reduce too and pass on the benefits to consumers. Many housing finance companies have already reduced rates by 50-75 basis points. I expect them to cut rates further,” NHB Chairman

Will You Purchase a Automobile With a GMAC Loan? - ABC News
More would-be car buyers will qualify for auto loans through the financing company GMAC. The company, which is partly owned by General Motors, states that a new $6 billion infusion from the federal government’s financial rescue package will grant it to

Schwarzenegger plan to close $40 billion budget gap - Sacramento Bee
Facing a fiscal crisis of large proportions, Gov. Arnold Schwarzenegger’s finance director will release a proposed say budget this day that is designed to steer the state through June 2010. Finance Director Mike Genest has scheduled a 10:30 a.m

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Judge Stops Philly Mayor From Closing Libraries to Tackle Deficit - FOX News
PHILADELPHIA — A judge ruled Tuesday that Philadelphia’s mayor cannot close 11 public library branches to save money because an ordinance requires City Council approve such actions. Common Pleas Judge Idee Fox heard more than a day of testimony

Wall St. closes out on 2008, year of record losses (AP) and Ten - Financial News USA
Client News Release Wall St. closes out on 2008, year of record losses (AP) and Ten investment ideas that will make you money in 2009 (at MarketWatch) City of Industry, CA –(www.FinancialNewsUSA.com)– 12/30/2008 - Banking industry news provided by

Animals & Money: The hero auction wrecker - Walletpop.com
Just before Christmas, an economics student in Utah figured out a way to help the environment by messing up the mechanics of an auction. The Bush administration had Bureau of Land Management auction offer a last minute auction to sell off 150,000

Gulf says concur on monetary union - Al Jazeera
Gulf Arab says will maintain their 2010 deadline for a single currency, the secretary-general of the Gulf Cooperation Council (GCC) has said. Leaders of GCC countries (Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Oman and Bahrain

Aniston’s Marley & Me top dog at box-office - Age
Owen Wilson, Jennier Aniston and Marley in a scene from their new film. Jennifer Aniston scored a victory over ex-husband Brad Pitt at the North American box office with her new dramatic comedy Marley and Me , final figures showed on Monday. The

U.S. Stocks Gain as GMAC Gets Government Money; GM, Ford Rise - Bloomberg
Dec. 30 (Bloomberg) — U.S. stocks climbed the most in two weeks after the government widened its efforts to keep General Motors Corp. out of bankruptcy by shoring up its finance arm. GM rallied 5.6 percent as the U.S. Treasury committed $6 billion

UK retailer Adams on the brink of bankruptcy - WTOP Radio
LONDON (AP) - British children’s clothing retailer Adams Childrenswear Ltd. is on the brink of a form of bankruptcy protection, a spokeswoman for the 75-year-old company stated Monday, which would make make Adams the latest well-known British retailer

Nevada’s No. 2 pleads not guilty to money charges - Associated Press
LAS VEGAS (AP) — Nevada’s lieutenant governor pleaded not guilty Tuesday to four felony charges accusing him of mishandling a multibillion-dollar say college savings program when he was state treasurer. Republican Brian Krolicki, who is

GMAC loosens credit to make automobiles easier to purchase - FOX News
NEW YORK — The struggling financing arm of General Motors Corp., rescued by $5 billion in federal aid, plans to use some of the money to make automobiles and trucks more inexpensive to a larger pool of customers. GMAC LLC on Tuesday promised to loosen its

GMAC loosens credit to make vehicles easier to purchase - Forbes
Easier auto loans for more people. It’s the first time that a financial institution has stated it will use money from the $700 billion bank bailout to offer more inexpensive credit to consumers. On Tuesday, Detroit-based GM said it will offer zero

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indieWIRE & Industry Top 10s for 2008 - indieWIRE
This has been called a “thin year,” but I think it’s anything but. It’s possible that the year-end, awards-bait films were less than exemplary (I haven’t seen most of them, but they’re meeting with less-than-stellar word of mouth and reviews) but the

OUR VIEW: Music industry should drop Duluth downloading case - Duluth News Tribune
The Recording Industry Association of America stated weeks ago that it was completed with suing housewives and teenagers, mechanics and doctors—and anyone else suspected of illegally downloading and sharing copyrighted music over the Internet. So why

UP sugar industry free to trade cogenerated power - Business Standard
Presently, sugar mills can sell the power produced from bagasse to the state grid for around Rs 3.10 per unit while the realisation from open market sale is in the range of Rs 6-7 a unit. Sugar mills in says like Karnataka and Tamil Nadu are

New York City reached record high visitors and visitor spending in - TravelDailyNews.com
Mayor Michael R. Bloomberg , Deputy Mayor for Economic Development Robert C. Lieber , and NYC & Company CEO George Fertitta announced that New York City attracted an estimated 47 million visitors and $30 billion in total spending in 2008, both record

Wall Street gains as GMAC gets financing - Forbes
Wall Street staged a large advance in the next to last session of 2008 Tuesday after Washington’s latest lifeline to the auto industry bolstered hopes that the government will do whatever is necessary to cut short the recession. Investors found solace

Auto industry lifelines bolster stock market - Detroit Free Press
NEW YORK — Wall Street staged a huge advance in the next to last session of 2008 Tuesday after Washington’s latest lifeline to the auto industry bolstered hopes that the government will do whatever is necessary to cut short the recession

London Led 2008 U.K. House-Price Drop, Hometrack States (Update1) - Bloomberg
Dec. 29 (Bloomberg) — London home prices fell more than in any other U.K. region this year and probably will decline further in 2009 as the economy sinks deeper into a recession, Hometrack Ltd. stated. Residential property prices dropped 10.1 percent

Feds give GMAC $5B lifeline - New Mexico Business Weekly
The federal government will invest $5 billion into auto lender GMAC as part of its effort to prop up the vehicle industry. In addition, the U.S. Treasury has concurred to loan General Motors Corp. (NYSE:GM) as much as $1 billion to invest in the

More stores, malls expected to shutter - Honolulu Advertiser
NEW YORK — The fallout from the horrific holiday season for retailers has begun, with the operator of an on the web toy seller filing for bankruptcy protection and more stores expected to do the same — meaning more empty storefronts and fewer brands

IT industry can benefit from across the globe’ - Daily Times
* Task Force on ICT chairman states Pakistan’s IT industry possesses potential LAHORE: Chairman Task Force on Information and Communication Technologies (ICT) Salim Ghauri stated that the Pakistan’s IT industry possesses the potential of benefiting

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STOCKS NEWS US-Energy still has lowest P/E ratio: Director’s Rpt - Reuters UK
Despite being pressured by a steep decline in oil, the S&P energy sector continues to have the lowest price-earnings (P/E) of any group, according to the Thomson Reuters Director’s Report. Energy has a fourth-quarter P/E ratio of 10.3, compared with

Wall Street opens higher after GMAC financing - PR Inside
NEW YORK (AP) - Wall Street is moderately higher in early trading as investors draw some comfort from the government’s decision to provide $5 billion to General Motors Corp.’s troubled financing arm. It was expected that the Treasury Department would

Next Inning Technology Research Identifies Undervalued Tech Stocks for - MSN MoneyCentral
Celestica Inc ( CLS ) Stock Quote , Chart , News , Add to Watchlist PRINCETON, N.J. , Dec. 30 /PRNewswire/ — Next Inning Technology Research ( http://www.nextinning.com ), a subscription service focused on semiconductor and technology stocks

o ?December consumer confidence drops to all-time low - Central Florida News 13
Consumer confidence hit an all-time low in December, dropping unexpectedly in the face of layoffs and deteriorating markets for housing, stocks and other investments. The Conference Board’s Consumer Confidence Index fell to 38 in December from a

Canadian News - RTT News
(RTTNews) - Toronto’s main index has surged to a four-week high in Tuesday afternoon trading. The S&P/TSX Composite Index has added 144.46 points or 1.67% to 8,781.75. Telecom stocks have led the gainers with a 3.8% climb as several massive companies are

Australian share market higher as resources boom - News.com.au
THE stock market closed higher as mounting tension in the Middle East raised concerns about the supply of commodities and boosted gold, energy and resources stocks. At the 4.15pm (AEDT) close, the benchmark S&P/ASX200 index was 33.1 points or 0.91

STOCKS NEWS US-Markets up on auto bailout package, tech stocks - Reuters UK
Major U.S. markets rose on Tuesday, boosted by a government plan to increase aid to General Motors ( GM.N ) and its GMAC affiliate. Major tech name also rose, as investors viewed them as better positioned to withstand the economic slump because of

CANADA STOCKS-TSX up broadly at midday, but gold weighs - Forbes
Keywords: MARKETS CANADA STOCKS ===== For Canadian market data and news, click on codes in brackets: Canadian Equities speed guide .. S&P/TSX Composite index

Thomson Financial News - Forbes
Stocks on the move Real-Time Equity news U.S. stock market report 1318 ET 30Dec2008-Markets advance on auto bailout, tech stocks —– U.S. markets rose on Tuesday, boosted by

3 Stocks Bucking the Downtrend - Motley Fool
Even on the market’s worst days, buyout news and other short-term forces can send individual stocks up by 10%, 25%, even 50%.         For example, shares in real estate investment trust ProLogis gained 31.5% in a day after the company

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Filed under: Google (GOOG), Yahoo! (YHOO), General Electric (GE), Time Warner (TWX), Viacom (VIA), New York Times’A’ (NYT), Barclays plc ADS (BCS)

This is the year that most media companies would prefer forget. But things could have been much worse were it not for the Olympics and presidential election.

Advertising and marketing spending probably grew about 4% this year to $412.4 million, according to Outsell Inc. On the web advertising revenue gained about 12% to $105.3 billion. That category now exceeds TV, radio and the movies. The news for Web ads is not all good, however. The World wide web Advertising Agency estimates that spending was flat in the third quarter compared with current periods. This proves that Web advertising cannot escape the recession.

Companies are going to keep a tight grip on their marketing budgets. When times are bad, it’s one of the first things that gets cut. Even Google Inc. (NASDAQ: GOOG) is not immune. Shares of the world’s largest search engine are down more than 57% as investors worried whether the company was running out of gas. During the third quarter, paid clicks on ads on Google sites and those of its partners rose 4% over the second quarter. Odds are the fourth quarter will also show lackluster quarter-to-quarter results.

The picture at Yahoo! Inc. (NASDAQ: YHOO) is even worse. Revenue at the Internet portal company barely budged in its most current report. Advertisers are fleeing the site in favor of Google and smaller, more targeted publishers. That trend is bound to continue as marketers get pickier about where they spend their money as the economy worsens. Yahoo’s search business will suffer as companies shift their spending to Google. In previous years, advertisers worried about spending all of their budgets with Google. No longer.

Continue reading Media World: Envision this year without the election and Olympics

Media World: Envision this year without the election and Olympics originally appeared on BloggingStocks on Tue, 30 Dec 2008 10:15:00 EST. Please see our terms for use of feeds.

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Fighting the Last Depression: The Fed’s Policy Errors - Time
Secretary of the Treasury Henry Paulson, left, and Federal Reserve Chairman Ben Bernanke, right. President-elect Obama’s appointment of Berkeley Professor Christina D. Romer as Chairwoman of the Council of Economic Advisors is consistent with this

THORNTON PUTS MUSIC ON HOLD FOR BIG MOVIE MONEY - PR Inside
Hollywood actor BILLY BOB THORNTON has put his life-long love of music on hold to pursue his film career - because huge budget movies pay so well. The 53-year-old began his career as a singer-songwriter in the late 1990s, taking the stage with his

M&T, Fulton banks receive treasury support - Patriot-News
WASHINGTON — The Treasury Department stated Monday that it has provided $1.9 billion to 43 banks as part of the government’s $700 billion financial rescue program. Buffalo, N.Y.-based M&T Bank Corp. received the most, getting $600 million from the

FACTBOX: Where has the U.S. bailout money gone? - Reuters
WASHINGTON (Reuters) - The U.S. Treasury Department said on Monday it was tapping a $700 billion financial rescue fund to purchase $5 billion in equity in auto and mortgage lender GMAC LLC and increase its previously announced lending to General

General Motors Corp. - Chicago Tribune
The government states it will provide $5 billion to GMAC Financial Services, the funding arm of General Motors Corp., from the $700 billion bank rescue program. The Treasury Department also says it will lend up to $1 billion to General Motors so that

MONEY MARKETS-Calmer as turbulent year nears end - Reuters
LONDON, Dec 30 (Reuters) - The cost of borrowing dollar funds between banks eased on Tuesday and the interbank money market looked set to end a tumultuous year calmer thanks to ongoing central bank action to keep financial firms flush with cash. In

Dominic Lawson: By attacking Labour, the Bishops show moral cowardice - The Independent
Not since the days of Margaret Thatcher has the Church of England attacked a Government with such sustained venom. Over the weekend a phalanx of Bishops preached variations on an identical theme. The Bishop of Manchester, Nigel McCullough, described

Newest Spam Scam: Free Government Grant Money - Jossip.com
No wonder our country is in so much debt: Criminal masterminds like “Chedda” here, starting websites that give you a step-by-step guide to getting free federal grant money. And yeop, this whole thing just reeks of scam. It was pretty much a cakewalk

Israel Hits Hamas as Gaza Campaign Enters Fourth Day (Update2) - Bloomberg
Dec. 30 (Bloomberg) — Israel bombed navy installations and other bases of the Islamic Hamas movement in the Gaza Strip as government leaders indicated the conflict aimed at stopping rocket fire on southern Israel might broaden. Prime Minister Ehud

Bonding bill gains support - Farmington Independent
ST. PAUL — Minnesota already makes more massive payments on its loans than say officials want, but many lawmakers propose borrowing still more money. As legislators get ready for their 2009 legislative session, there is a division about whether to pass

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GMAC future hinges on vote - CNN Money
NEW YORK (CNNMoney.com) — GMAC LLC is still counting a crucial vote Monday that could determine if the auto finance company turned bank can stay afloat. GMAC bondholders had until midnight last Friday to accept a bond exchange for corporate equity

InnVest REIT sets April 14 for unitholder meeting to vote on trustees - Canada East
TORONTO - InnVest Real Estate Investment Trust (TSX:INN.UN) has set April 14 for its annual meeting of unitholders and to vote on a move by Royal Host Real Estate Investment Trust (TSX:RYL.UN) to remove four independent trustees and replace them with

InnVest Real Estate Investment Trust calls annual meeting of - CNW Group
TORONTO, Dec. 29 /CNW/ - InnVest Real Estate Investment Trust (”InnVest”) (TSX:INN.UN) announced today that its Board of Trustees has called an annual meeting of unitholders to be held in Toronto on April 14, 2009. InnVest typically conducts its

Financial Options for Commercial Real Estate Investments Provided by - Transworld News
Real estate loans and financial options for investors in the commercial property market are provided by Peachtree Financial Partners , Inc. Peachtree Financial is a leading commercial real estate lending and investment company specializing in

Many real estate deals occurred out of the limelight in ‘08 - Register-Guard
The top dozen sales ranged from $5 million to the $59 million, with the biggest transaction being a land sale by Weyerhaeuser to a limited liability company out of Delaware, according to the Lane County Regional Land Information Database. Read

Investments into Ajman’s property sector vibrant - Saudi Gazette
Sweet Homes, a leading UAE-based developer and multi-service real estate provider, has sold out 70 percent of its AED3 billion “Ajman Uptown”, the first freehold residential township in Ajman. The announcement follows a GCC-wide roadshow

Memphis Commercial Real Estate - View Memphis Commercial Real Estate - Birmingham Business Journal
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Phoenix Commercial Real Estate - View Phoenix Commercial Real Estate - Birmingham Business Journal
bizspace.com Albany Albuquerque Atlanta Austin Baltimore Birmingham Boston Buffalo Charlotte Cincinnati Columbus Dallas Dayton Denver Houston Jacksonville Kansas City Los Angeles Louisville Memphis Milwaukee Nashville Orlando Honolulu Philadelphia

Real estate developer sets up Doha office - Gulf Times
SWEET Homes, a leading UAE-based developer and multi-service provider in real estate sector, has launched its offices in Qatar to market the high-profile community development – Ajman Uptown, a company spokesperson said. The company also plans to

Real estate players bank on CPs - Business Standard
Cash-strapped real estate firms are resorting to short-term borrowings of funds to finish ongoing projects as the economic slowdown has virtually halted demand for properties, freezing cash flows. Issuances of CPs by companies including real estate

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Seven Summits Research Releases Comments on HAL, MOS, DOW, AZN, and - Earthtimes
CHICAGO , Dec. 29 /PRNewswire/ — Seven Summits Research releases NewsBites on key stocks. Seven Summits Strategic Investments NewsBites are available to all investors at: http://www.go7now.com/nb/1229X (Note: You may have to replicate this link into your

Obama’s Recovery Plan Also Eyes Long-Term Growth - HispanicBusiness.com
Market Predictions Proved to be Tricky Business From White Collars to Prison Stripes: 2008 a Banner Year for White Collar Crime Travelers Won’t Stay Home Despite Lots of Uncertainty Issues Converged to Batter U.S. Economy in 2008 Advice to Small

Indian banks have $1 billion exposure in Lehman, 4 others - Business Standard
Ten public sector banks and two private banks have an exposure of $1.08 billion to US financial majors Wachovia Corporation, Washington Mutual, AIG, Lehman Brothers and a European financial institution Fortis. About $445.60 million was fund-based

Coins in banker’s Town and Country basement won’t cover customers - St. Louis Post-Dispatch
Town and Country — When a treasure trove of gold and silver coins was discovered in investment banker Donald C. Weir Jr.’s basement in Town and Country in September, there were hopes that those customers would get all their money back. But a lawyer

Oil said to back near $100 by 2010-2015 - Reuters UK
ISTANBUL (Reuters) - Oil prices may rebound to around $100 per barrel between 2010 and 2015, International Energy Agency Chief Economist Fatih Birol predicted on Monday. Birol told an energy conference that he saw downward pressure on oil prices in

Predictions ‘09: Finding Hot Stocks in a Cold Market - CNBC
This New Year, if your resolution is to give your investment portfolio a much needed boost, you might be in luck. While the overall market is unlikely to stage a major turnaround any time soon, experts concur there are a handful of investments that are

Poll: Retirement, investment worries weigh heavily on Dallas-area - Dallas Morning News
For many North Texans, 2008 can’t end soon enough. The stock market crash of 2008 has left many people worried about losing their retirement savings, according to a poll of 1,014 residents of North Texas. Some 52 percent cited this as either a major

UPDATE 2-Argentina to oversee natgas co. TGN after default - Reuters
BUENOS AIRES, Dec 29 (Reuters) - Argentina’s government said on Monday it would intervene in the operations of natural gas distributor TGN TGNC.BA for 120 days to determine whether the company was justified in declaring a debt default. Planning

Latin investors could be big Madoff losers - MSNBC
NEW YORK - Wealthy Latin Americans appear to be among the huge losers in the investment swindle orchestrated by financier Bernard Madoff, according to a report in The Wall Street Journal Monday. But exactly how much these investors have lost could be

Michigan venture capitalists want endowment funding, but University of - MLive.com
As institutional investors become more conservative during the global financial crisis, the possibility that Michigan’s biggest endowment funds will invest in local venture capital operations is less likely than ever. The University of Michigan’s

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Crunch Time For Film Industry - Ananova
Filmmakers are now bracing themselves to be credit crunched. Traditionally in a time of recession, Hollywood and the film industry tend to survive as people go to the cinema to forget about the economic doom and gloom. But this time around, it looks

Clothing and Textiles Industry - Chicago Tribune
IRVINE, Calif. (AP) — Late at night, the neighbors saw a tiny girl at the kitchen sink of the home next door. They watched through their window as the child rinsed plates under the open faucet. She wasn’t much taller than the counter and the

Coup leader vows to hit Guinea graft - The Australian
CONAKRY: Guinea’s new military leader promised at the weekend to renegotiate mining contracts and crack down on corruption as he met locals as part of a charm offensive after leading a bloodless coup. Moussa Dadis Camara stated Guinea, the world’s top

UPDATE 3-GMAC gets Fed’s OK to become bank holding company - Reuters
WASHINGTON, Dec 24 (Reuters) - GMAC LLC won U.S. approval on Wednesday to become a bank holding company, giving it access to government lending programs and helping it stave off bankruptcy. The Federal Reserve’s approval should allow GMAC to continue

Milk firms to compensate victims - China Economic Net
Chinese dairy companies that sold melamine-tainted milk are ready to pay compensation to the families of the almost 300,000 children who became ill or died from drinking contaminated infant formula, China’s Dairy Industry Association announced

Ecuador to cut private output to comply with OPEC - Tehran Times
QUITO (Reuters) - Ecuador will lower oil output from some private companies to comply with OPEC’s biggest supply cut agreed earlier this month, President Rafael Correa said on Saturday. Correa said he’ll reduce production from private oil

Tour Operations Industry - Chicago Tribune
Mexican Navy boats and helicopters continue to search water off the Caribbean resort of Cancun for an American woman who reportedly fell from a cruise ship. A U.S. Coast Guard search-and-rescue crew using a C-130 aircraft was looking for 36-year-old

Letter: Oil industry should be bailing out automakers - Billings Gazette
The Bush administration is kicking in $17 billion and now Canada with $4 billion. Where in the world is the oil industry? The primary users of its product are, in fact, the car owners. The auto industry should also be supplemented monetarily

Gaza Complicates Obama’s Policy In Mideast - CBS 4 South Florida
The deaths of hundreds of Palestinians in Israel ’s deadliest-ever air assault on the militant Hamas further complicates President-elect Barack Obama ’s challenge to reach a Middle East peace — something that eluded both the Bush and Clinton

Regulators backdate records: What are the real numbers of the bank - OpEdNews.com
The Office of Thrift Supervision has reassigned a senior official after it was disclosed he apparently allowed mortgage lender IndyMac to backdate records of capital infusions last spring before it failed in July, costing the FDIC a tidy $8.9 billion

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