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  • 2008: The stories that defined the year Thursday, January 1, 2009 @ 1:51AMOh, 2008, it’s with mixed feelings that we bid you adieu. We’re both sad and glad to see you go. This past year brought big stories, from the Olympics to a brushfire war in Georgia, through the economy to terror attacks in India; everything seemed to be in play.
  • 2008 claims long-time local businesses Thursday, January 1, 2009 @ 1:47AMEvery year brings its shuffling of old and new businesses. Here are a few of the once familiar enterprises that have moved on this year.
  • The sectors that could spark a rally Thursday, January 1, 2009 @ 1:46AMInvestors would like to forget 2008 – a year when the Sensitive Index shed more than half its value in 2008, its worst performance ever. But market experts say investors could look forward to some important changes in 2009. Here are some of them.
  • More lenders cut interest rates Thursday, January 1, 2009 @ 1:45AMJoining the rate cut bonanza , Bangalore- based public sector lender Canara Bank today reduced its benchmark prime lending rate (BPLR) by 75 basis points from 13.25 per cent to 12.50 per cent with effect from January 1, 2009. The new rates are also applicable to micro, small and medium enterprises, and housing sector borrowers, which are currently linked to BPLR, the bank said.
  • Honorable mentions of 2008 Thursday, January 1, 2009 @ 1:45AMBarton released Terry Barton, the woman locally infamous for starting the Hayman Fire in 2002, was released from federal prison June 1 after serving six years for arson. Originally sentenced to six years in federal prison and 12 years in state prison, an appeal cut her Colorado sentence to six years, which she served concurrently with the federal sentence.
  • D Swarup, Thursday, January 1, 2009 @ 1:44AMOpening the pension fund business to private fund managers will be among the biggest reforms in 2009. Pension Fund Regulatory and Development Authority Chairman who is in the midst of finalising the blueprint for all citizens to plan their retirement, spoke to Sidhartha about what lies ahead.
  • Health benefits for local officials vary Thursday, January 1, 2009 @ 1:35AMLike many local officials, South Middleton Township Supervisor Tom Faley is eligible to receive health insurance benefits from the township. But he chooses not to.
  • Malta and international press digest Thursday, January 1, 2009 @ 1:31AMThe Times welcomes 2009 with a large photograph of fireworks on the Sydney Harbour Bridge and opera house. It also has a story on trapping in 2009. The Independent asks if this year will see the end of conventional plastic bags and in another story says that the world is bidding a rocky year “adieu”.
  • LIC stake in HDFC Bank crosses 5% Thursday, December 25, 2008 @ 9:17AMThe country’s largest insurer, Life Insurance Corporation of India (LIC), has increased its stake in HDFC Bank to over 5 per cent following acquisition of shares from the open market.
  • Yogesh Lohiya Thursday, December 25, 2008 @ 9:13AMGeneral Insurance Corporation, the Indian Reinsurer, is seeing a drop in its investment income this year due to the stock market volatility. However, the trouble at major insurance companies such as AIG is also presenting GIC an opportunity to expand its footprint globally.
  • 12-24 Club works toward new building Thursday, December 25, 2008 @ 8:59AMA man recently went to the 12-24 Club to donate toward a new building.
  • GMAC Becomes a Bank as Fed Bolsters Plan to Save GM (Update1) Thursday, December 25, 2008 @ 8:50AMDec. 25 (Bloomberg) -- GMAC LLC won Federal Reserve approval to become a bank holding company, a switch that may enable the money-losing auto and home lender to tap U.S. financial bailout programs and help keep General Motors Corp.
  • Daily Herald Thursday, December 25, 2008 @ 7:25AMROANOKE RAPIDS— “My job is to make sure everyone is treated fairly under our laws, the court is run efficiently and to uphold the Constitution,” explained Chief District Court Judge Brenda Green Branch.
  • Companies use different ways to reach same goal Thursday, December 25, 2008 @ 7:02AMTwo contrasting companies are sharing $3.5 billion in NASA contracts to deliver cargo to the International Space Station after the shuttle stops flying in 2010.
  • Ike FEMA assistance deadline extended Tuesday, December 23, 2008 @ 2:00PMAUSTIN, Texas — At the request of the State of Texas, the Federal Emergency Management Agency (FEMA) has extended the deadline for homeowners, renters and business owners who suffered damages from Hurricane Ike to register for state and federal disaster assistance. The new deadline is Saturday, Jan. 10, 2009.
  • New York Woman Seeks $1.7 Million From SEC for Missing Madoff Tuesday, December 23, 2008 @ 1:54PMDec. 23 (Bloomberg) -- A New York woman who says she lost most of her savings investing with Bernard Madoff is seeking $1.7 million in damages from the Securities and Exchange Commission for failing to detect his fraud for more than a decade.
  • STATES Tuesday, December 23, 2008 @ 1:50PMTAMIL NADU: Trailer operators’ strike hits Chennai container traffic Around 6,400 TEUs in waiting; ships may be diverted to Tuticorin.
  • METRO Briefs Tuesday, December 23, 2008 @ 1:41PMHOUSTON — Transportes Chavez, a charter bus business, has formed a company that leases their insurance policy to other bus owners who may not qualify.
  • Practice snowmobile safety, OPP urge Tuesday, December 23, 2008 @ 1:38PMSnowmobiling is a sport enjoyed by many people over the winter months. It can be a lot of fun, but can also be very dangerous if not done properly. The OPP remind the public that a few simple safety rules can help prevent many of the tragedies that happen on motorized snow vehicles.
  • Practice Reverses Plans For Retainer-Style Care Tuesday, December 23, 2008 @ 1:26PMA Howard County medical office has reversed plans to stop accepting insurance and move to a retainer-style practice, also known as concierge medicine.
  • News and Features for Lake Isabella, California Saturday, December 20, 2008 @ 11:28AMHospice. Just hearing the word elicits strong reactions. For most, the word conjures up images of fear, pain and sadness. That is unless the listener is one of the rapidly growing number of people who has had someone close to them utilize the unique medical service that hospice offers.
  • Automakers to get $17.4B bailout Saturday, December 20, 2008 @ 11:23AMWASHINGTON — Citing danger to the national economy, the Bush administration approved an emergency bailout of the U.S. auto industry Friday, offering $17.4 billion in rescue loans in exchange for concessions from the deeply troubled carmakers and their workers.
  • News in brief Saturday, December 20, 2008 @ 11:14AMHere are a selection of brief news items from this week’s paper edition, and possibly a few news briefs that didn’t make it in the paper.
  • More risks in drunk driving than realized Saturday, December 20, 2008 @ 10:47AMSir:Re: "Holiday spirits" (The Observer, Dec. 13, 2008) Having served the Sarnia- Lambton community as a registered general insurance broker for more than 31 years, [...]
  • Drive sober and arrive safe Saturday, December 20, 2008 @ 10:34AMWith the holidays at hand and an increased number of private and work-related gatherings being held there is a concerted effort by county, city and state law enforcement agencies to see that area roads are safe and free from impaired drivers.
  • UM officials pitch good stewardship; Leaders point to deferred construction. Saturday, December 20, 2008 @ 9:48AMUniversity of Missouri System leaders are taking pains to show they are reducing expenses to avoid cuts to programs that are critical to the institution’s mission to serve Missourians.
  • C-K gets a blast of winter weather Saturday, December 20, 2008 @ 9:38AMA major snowstorm that blanketed the region yesterday may have ensured a white Christmas, but it also caused some headaches. The deluge of snow, accompanied [...]
  • Insurance, smoking deals elude state lawmakers Saturday, December 20, 2008 @ 9:10AMLANSING, Mich. (AP) — Michigan’s restaurants and bars will remain free to allow smoking as efforts to enact a mandatory ban died in the Legislature.
  • LIC mulls Rs 400-cr investment in VCs Friday, December 19, 2008 @ 6:19AMThe country’s largest insurance company, Life Insurance Corporation of India (LIC), is planning to invest over Rs 400 crore in venture capital (VC) funds over the next few months.
  • Corzine to announce catastrophic medical costs grants Friday, December 19, 2008 @ 6:17AMGovernor Corzine today is expected to announce grants to help families dealing with extraordinary medical costs. Corzine will detail the grants at the State House this afternoon.
  • Reach Out This Season, To Find What’s Been Lost Friday, December 19, 2008 @ 6:11AMAlmost every year, during the Advent Christmas season, I spend some time thinking of Christmas past and how the past may help us celebrate the meaning of this season in the present and in the days to come. The other day, I sat in the silence of my study rereading my Christmas sermons of yesteryear.
  • Help and support Friday, December 19, 2008 @ 6:03AM Alcoholics anonymous: holds meetings daily throughout the Seacoast. For meeting or general information on New Hampshire Alcoholics Anonymous, call (800) 593-3330 or visit www.nhaa.net.
  • Bay Street, charities call for government relief fund Friday, December 19, 2008 @ 6:01AMSo far, the idea has been endorsed by 32 organizations
  • The Vanishing Middle Class, Part 4: Middle Class Blues In The Green Mountain State Friday, December 19, 2008 @ 5:58AMIn part four of our series, Anthony Brooks seeks the views of those who think Americans are living in an age of abundance and that the middle class is doing just fine.
  • Leaders feeling the heat at UT Friday, December 12, 2008 @ 12:07AMThe University of Tennessee administration is coming under increasing scrutiny as the state grapples with growing estimates of this year’s budget shortfall and the UT system prepares for potential layoffs and program cuts. “I think it’s unfair that we start laying people off when we have administrators who have incredibly lucrative expense accounts,” state Sen. Tim Burchett, R-Knoxville, said ...
  • State Farm Seeks 67% Rise In Homeowner Rates Friday, December 12, 2008 @ 12:02AMState Farm Insurance is asking regulators for permission to raise homeowner rates an average of 67 percent statewide, up from its original request of 47 percent.
  • Grayson County gives updates on storm damage Thursday, December 11, 2008 @ 11:48PMGrayson County Judge Drue Bynum and Emergency Manager Sarah Somers said Thursday that state and federal officials will be on the ground in the county Friday, assessing damage caused by the storms that tore through the area Monday night.
  • City Council passes ordinance Thursday, December 11, 2008 @ 11:43PMThe Baytown city council passed a proposed ordinance to allow some residents of areas of special flood hazard to temporary place manufactured homes on their property.
  • Japan’s Bonds Rise as Stocks Slide on Automaker Rescue Failure Thursday, December 11, 2008 @ 11:40PMDec. 12 (Bloomberg) -- Japan’s 10-year government bonds rose for the first time in six days as stocks slid after Senate negotiations for a U.S. automaker bailout plan collapsed.
  • GOP breaks ranks on bailout Thursday, December 11, 2008 @ 11:38PMA $14 billion rescue package for the nation’s imperiled auto industry sped to approval in the House on Wednesday night, but the emergency bailout still was in jeopardy from Republicans who were setting out roadblocks in the Senate.
  • Software industry pushes for more IT-driven government solutions Thursday, December 11, 2008 @ 11:20PMUS President-elect Obama should make his chief technology officer part of his economic policy team because IT is increasingly integral to good governance, says BSA. Compare your salary Use the IT salary benchmark wizard and know the average salary differences between different job functions. Join activeTechPros. http://www.activetechpros.com
  • Over 50 Big Three auto parts suppliers denied credit insurance Wednesday, December 3, 2008 @ 2:20AMIndia’s auto component makers not only face slower growth in the domestic market, the Export Credit Guarantee Corporation of India (ECGC) is now refusing credit insurance to over 50 auto component companies that sell to the Big Three car makers in Detroit.
  • Pakistan’s Richest Man Defies Terrorism to Expand Bank Empire Wednesday, December 3, 2008 @ 2:12AMDec. 3 (Bloomberg) -- On a September evening when many of Pakistan’s 165 million people were breaking their fast during the Muslim holy month of Ramadan, billionaire Mian Mohammad Mansha , the country’s richest man, was deciding whether to buy an Indonesian bank.
  • Community health opens new clinic Wednesday, December 3, 2008 @ 2:08AM BOURNE — The Community Health Center of Cape Cod has opened a new primary care and mental health clinic in Bourne, giving the nonprofit organization a presence in three towns on the Upper Cape.
  • GM, Ford, Chrysler plans to Congress at a glance Wednesday, December 3, 2008 @ 2:06AMThe Detroit Three automakers, making a second bid for federal loans, presented Congress with plans Tuesday to restructure their ailing companies and provide assurances that the funding will help them survive and thrive.
  • US soldiers re-enlisting because of poor economy Wednesday, December 3, 2008 @ 2:06AMFORT RILEY, Kansas – Sgt. Ryan Nyhus spent 14 months patrolling the deadly streets of Baghdad, where five members of his platoon were shot and one died. As bad as that was, he would rather go back there than take his chances in this brutal job market.
  • Sears Holdings Corp. posts $146 million loss in third quarter Wednesday, December 3, 2008 @ 2:06AMSears Holdings Corp. posted its biggest quarterly loss since financier Edward Lampert combined Sears and Kmart into one retail company, because of hefty charges related to store closures and disappointing U.S. sales.
  • FDI cap increase may bring in Rs 7,000 cr to insurance sector Monday, December 1, 2008 @ 10:38AMThe Union Government’s recent approval to the insurance Bill, which proposes, among other things, to raise the cap on foreign direct investment (FDI) to 49 per cent from 26 per cent for private sector insurance companies, is expected to bring around Rs 7,000 crore into the industry, according to industry representatives.
  • (AFX UK Focus) 2008-12-01 15:20 Glance-UPDATE 2-Deals of the day -- mergers and acquisitions Monday, December 1, 2008 @ 10:31AM(Updates Sacyr and Dow Chemical and adds others)
  • A V Rajwade: A bottomless pit? Monday, December 1, 2008 @ 10:28AMI had quoted, last week, the Bank of England’s estimate of the aggregate central bank and government support to banks in US and Europe at £5 trillion. It is already looking a gross under-estimate: Bloomberg has estimated the figure for the US alone at $7.4 trillion!