Rapid Trade

Exxon Posts Record Profit
Exxon Mobil Corp. yesterday reported the highest profit in U.S. history: $10.71 billion for the fourth quarter of 2005 and $36.13 billion for the entire year.

Justin Blum

Search for Finer Yarn Becomes a Trade Tangle
This is a yarn about yarn, one that has a Georgia textile manufacturer tangled up with other domestic mills in an international trade dispute about its quest for a particular type of fine-spun cotton yarn.
Cindy Skrzycki

UPDATE 2-U.S. Senate confirms Bernanke as Fed chief
Post

Reports Indicate Glut of Condos in D.C. Area
The Washington area housing market has softened but is still in relatively decent shape except for what appears to be a glut of condos, according to two studies released yesterday. But the researchers came to different conclusions about the potential for problems stemming from condo overbuilding.
Sandra Fleishman

Lawyer: Enron Never Infested With Fraud
HOUSTON — Lawyers for former Enron Corp. chiefs Kenneth Lay and Jeffrey Skilling insisted Tuesday the men were guilty of no crimes, arguing the company was never infested with fraud and instead fell victim to a sudden crisis of market confidence.
KRISTEN HAYS and ERIN McCLAM

Consumer Confidence Higher Than Expected
NEW YORK — Americans became more optimistic about the economy in January, sending a widely followed measure of consumer confidence to the highest level in about three and a half years, a private research group said Tuesday.
ANNE D'INNOCENZIO

Contacts With Lobbyists Curbed
Republican and Democratic lawmakers are canceling their regularly scheduled meetings with lobbyists as the fallout from the Jack Abramoff scandal continues to roil Capitol Hill.
Jeffrey H. Birnbaum

Federal Mine Agency Considers New Rules To Improve Safety
After one of the deadliest months for coal mining in years, federal mine regulators last week began formally considering safety improvements to help miners survive underground fires and explosions. Among the proposals: mandatory caches of oxygen tanks and breathing masks inside every coal mine.

Joby Warrick

With New Leader, Foreign Aid Program Is Taking Off
After getting off to a painfully slow start, President Bush's signature foreign aid program is poised to begin ramping up the amount of money it spends on development projects in poor countries, according to its new chief executive — who vows that the impact will be "transformative."
Michael A. Fletcher and Paul Blustein

Federal Reserve officials, meeting for the last time with Alan Greenspan as their chairman, raised their benchmark short-term interest rate today and signaled that they may nudge it higher in coming months to make sure economic growth does not fuel higher inflation.
Nell Henderson

Markets Can't Agree on Greenspan's Last Message
Wall Street's final afternoon with Alan Greenspan was like so many of the previous ones.
Jerry Knight

Ebbers's Prosecutors Questioned on Tactics
NEW YORK, Jan. 30 — Federal judges hearing former WorldCom Inc. chief executive Bernard J. Ebbers's appeal of his fraud conviction sharply questioned prosecutors Monday about whether the government used the immunity process to take an unfair tactical advantage.

Brooke A. Masters

In other business news - Buffalo News

Business News short takes - Arkansas Democrat-Gazette (subscription)

Special events business news for February 2006 - Special Events

Morning business news - RTE.ie

Business news in brief - Philadelphia Inquirer

Pennsylvania business news in brief - Grand Forks Herald

Here is the business news: it's different from 1962 - but … - Scotsman

Local business news in brief - Cincinnati Post

Stateline Area Business News in Brief - Beloit Daily News

Industrial Manufacturers Report Renewed Economic Optimism, According to PricewaterhouseCoopers Survey
NEW YORK, Jan. 31, 2006 (PRIMEZONE) — Large, U.S.-based industrial manufacturers report renewed optimism about the U.S. and world economies over the next 12 months, despite continued concern about high energy prices, according to PricewaterhouseCoopers'Manufacturing Barometer. In the year ahead, these companies expect solid revenue growth, a higher level of new investments, as well as an upturn in hiring and M&A activity.

Industrial Enterprises of America Completes Acquisition of Pitt Penn
NEW YORK, Jan. 31, 2006 (PRIMEZONE) — Industrial Enterprises of America, Inc. (OTCBB:ILNP) a specialty automotive aftermarket supplier, is pleased to announce that the Company has completed the acquisition of Creighton, Pa. based Pitt Penn Oil Co. for approximately $4,000,000. Effective immediately, Pitt Penn will begin operating as a wholly owned subsidiary of Industrial Enterprises of America.

Acura Pharmaceuticals, Inc. Secures Bridge Funding
PALATINE, Ill., Jan. 31, 2006 (PRIMEZONE) — Acura Pharmaceuticals, Inc. (OTCBB:ACUR) today announced it has secured gross proceeds of $750,000 under a term loan agreement (the"Loan") with Essex Woodlands Health Ventures V, L.P., Care Capital Investments II, L.P., Care Capital Offshore Investments II, L.P., Galen Partners III, L.P., Galen Partners International III, L.P. and Galen Employee Fund III, L.P (collectively the"Bridge Lenders"). The Loan matures on June 1, 2006, bears an annual interest rate of 10%, is secured by a lien on all assets of the Company and its subsidiary, and is senior to all other Company debt. The Company will use utilize the net proceeds from the Loan to continue funding product development and licensing activities relating to OxyADF tablets and other product candidates utilizing its Aversion Technology. The Loan permits the funding of additional cash amounts subject to agreement by the Company and the Bridge Lenders. No assurance can be given, however, that any additional funding will be advanced to the Company under the terms of the Loan.

Wataire Industries Shareholders Update
VANCOUVER, British Columbia, Jan. 31, 2006 (PRIMEZONE) — As per Wataire Industries Inc.'s (Pink Sheets:WTAF) press release dated January 17,2006 regarding a proposed forward one for two stock split, all documented shareholders of Wataire Industries have been sent shareholders proxies. As stated in the release, the proposed stock split is subject to shareholder approval.

First Horizon National Corp. Sells Merchant Processing Business to NOVA
MEMPHIS, Tenn., Jan. 31, 2006 (PRIMEZONE) — First Horizon National Corp. (NYSE:FHN) announced today that it has entered into a definitive agreement to sell its national merchant processing business, First Horizon Merchant Services (FHMS), to NOVA Information Systems (NOVA), a wholly owned subsidiary of U.S. Bancorp (NYSE:USB). As part of the agreement, First Horizon has also entered into an agreement that will offer NOVA's merchant processing services to First Horizon's current and prospective customers. The transaction, which is expected to close in the first quarter of 2006, is subject to customary approvals and closing conditions.

AdZone Research Signs Contract with Web Wise Kids Estimated to be Worth More Than $50,000,000 Annually
CALVERTON, N.Y., Jan. 31, 2006 (PRIMEZONE) — AdZone Research, Inc. (OTCBB:ADZR) today reported it has signed a contract with Web Wise Kids, Inc. it estimates to be worth more than $50,000,000 annually.

Enbridge Energy Management, L.L.C. Corrects Distribution Date Information
HOUSTON, Jan. 31, 2006 (PRIMEZONE) — In a news release issued on January 30, 2006, Enbridge Energy Management, L.L.C. (NYSE:EEQ) declared a distribution of $0.925 per share payable February 14, 2006 to shareholders of record on February 7, 2006. EEQ erroneously reported that its next ex-dividend date is February 2, 2006. The correct ex-dividend date is February 3, 2006.

ClickMotive Chooses Callbright
MOUNTAIN VIEW, Calif., Jan. 31, 2006 (PRIMEZONE) — With momentum from their recent Vehix.com partnership, Callbright, the leader in total communication management solutions for automotive dealers, announced today its strategic partnership with ClickMotive, one of the automotive industry's premier search engine marketing firms. By choosing Callbright as its communication management partner, ClickMotive will have the ability to include unique toll-free numbers in all of their Search Engine Marketing campaigns.

Novo Nordisk A/S: Director/PDMR Shareholding
BAGSVAERD, Denmark, Jan. 31, 2006 (PRIMEZONE) — In accordance with Section 28a of the Danish Securities Trading Act, Novo Nordisk is required on a daily basis to publish trading in Novo Nordisk shares by the company's board members, executives and their associated persons as reported by those persons to Novo Nordisk.

WinSonic Digital Media Group, Ltd. Executes Agreement with Automated Interiors
ATLANTA, Jan. 31, 2006 (PRIMEZONE) — WinSonic Digital Media Group Ltd. (Pink Sheets:WDMG) announced today they have executed an agreement with Automated Interiors Inc. of Atlanta, Ga. Automated Interiors, a privately held, integrated, converged solutions provider is a leader in providing fully integrated and interactive residential and commercial solutions for cities, communities and facilities. Automated Interiors designs and installs electronic systems, home theaters, closed circuit television, structured wiring, lighting controls, music and video distribution, phone systems, and security automation systems.

Running Fox Resources Announces Oversubscribed Private Placement Financing of $1,275,000
VANCOUVER, British Columbia, Jan. 31, 2006 (PRIMEZONE) — Steven Schurman, CEO, on behalf of the Board of Directors reports:

Advanced Communications and Pacific Magtron International Jointly Announce Court Approval of Pacific Magtron International's Reorganization Disclosure Statement and Confirmation of Pacific Magtron, Inc.'s and Pacific Magtron (GA), Inc.'s Plans Of Liquidation
NEW YORK, Jan. 31, 2006 (PRIMEZONE) — Advanced Communications Technologies, Inc. (OTCBB:ADVC), a New York-based holding company that specializes in the technology after-market service and supply chain known as reverse logistics, and its majority owned subsidiary Pacific Magtron International Corporation, Inc. (OTCBB:PMICQ), jointly announced today that at a January 24, 2006 bankruptcy court hearing, Pacific Magtron International Corporation, Inc.'s (PMIC) Disclosure Statement to accompany it's Plan of Reorganization filed with the U.S. Bankruptcy Court in the southern district of Nevada has been approved. At the same hearing, the court confirmed Pacific Magtron, Inc.'s (PMI) and Pacific Magtron (GA), Inc.'s (PMIGA), wholly-owned subsidiaries of PMIC, Plans of Liquidation.

Friendly Energy Retains Oil Investment Syndication Firm
CARSON CITY, Nev., Jan. 31, 2006 (PRIMEZONE) — Friendly Energy Corp. (Pink Sheets:FDEG) announces today that it has entered into an letter of intent, subject to formal documentation, with an investment syndication firm for the purpose of raising up to three million six hundred thousand dollars ($3,600,000.00) in participation interests in the Peach Creek West Prospect of Central Oklahoma.

GASB Issues Exposure Draft That Would Put the Cost of Cleaning Up Pollution on Governments'Financial Statements
NORWALK, Conn., Jan. 31, 2006 (PRIMEZONE) — The Governmental Accounting Standards Board (GASB) today issued an Exposure Draft intended to provide guidance and consistency with respect to the accounting and reporting of obligations and costs related to pollution remediation. The proposal reflects the Board's intention to ensure that certain costs and long-term obligations not specifically addressed by current governmental accounting standards will be included in financial reports.

AccountAbilities, Inc. Announces CPA Partnership Contract With Eisner Accounting Firm
MANALAPAN, N.J., Jan. 31, 2006 (PRIMEZONE) — AccountAbilities, Inc. (Pink Sheets:ACTB) announced today that it has entered into a CPA Partnership Contract with Eisner LLP, one of the largest CPA firms in New York City.

Federal Reserve officials, meeting for the last time with Alan Greenspan as their chairman, raised their benchmark short-term interest rate today and signaled that they may nudge it higher in coming months to make sure economic growth does not fuel higher inflation.
Nell Henderson

Exxon Posts Record Profit
Exxon Mobil Corp. yesterday reported the highest profit in U.S. history: $10.71 billion for the fourth quarter of 2005 and $36.13 billion for the entire year.

Justin Blum

Contacts With Lobbyists Curbed
Republican and Democratic lawmakers are canceling their regularly scheduled meetings with lobbyists as the fallout from the Jack Abramoff scandal continues to roil Capitol Hill.
Jeffrey H. Birnbaum

Old National Reports 21.7 Percent Increase in Fourth-Quarter Earnings From Continuing Operations Over Fourth Quarter of 2004; Full-Year Earnings From Continuing Operations Represents a 33.7 Percent Increase Over 2004
EVANSVILLE, Ind., Jan. 31, 2006 (PRIMEZONE) — Old National Bancorp (NYSE:ONB) today announced fourth-quarter earnings from continuing operations of $19.5 million, or $.28 per share. This compares with income from continuing operations of $18.9 million, or $.28 per share, in the third quarter of 2005 and $16.4 million, or $.23 per share, in the fourth quarter of 2004. Net income, which includes results from discontinued operations, mirrored income from continuing operations for the fourth quarter of this year as the impact of the sales of all discontinued operations were completed during the third quarter.

Duckwall-ALCO Stores Names New Senior Vice President
ABILENE, Kan., Jan. 31, 2006 (PRIMEZONE) — Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) announces that effective February 13, Rick Sturdivant will be the Company's Senior Vice President, Stores.

Emerge Capital Corp. Subsidiary Purchases 70% of Sagamore Holdings, Inc.
HOUSTON, Jan. 31, 2006 (PRIMEZONE) — Emerge Capital Corp. (OTCBB:EMGC) announced today that its wholly owned operating subsidiary Corporate Strategies, Inc. has purchased approximately seventy percent (70%) of the outstanding common stock of Sagamore Holdings, Inc.

Running Fox Resources Announces Oversubscribed Private Placement Financing of $1,275,000
VANCOUVER, British Columbia, Jan. 31, 2006 (PRIMEZONE) — Steven Schurman, CEO, on behalf of the Board of Directors reports:

Enbridge Energy Management, L.L.C. Corrects Distribution Date Information
HOUSTON, Jan. 31, 2006 (PRIMEZONE) — In a news release issued on January 30, 2006, Enbridge Energy Management, L.L.C. (NYSE:EEQ) declared a distribution of $0.925 per share payable February 14, 2006 to shareholders of record on February 7, 2006. EEQ erroneously reported that its next ex-dividend date is February 2, 2006. The correct ex-dividend date is February 3, 2006.

Advanced Communications and Pacific Magtron International Jointly Announce Court Approval of Pacific Magtron International's Reorganization Disclosure Statement and Confirmation of Pacific Magtron, Inc.'s and Pacific Magtron (GA), Inc.'s Plans Of Liquidation
NEW YORK, Jan. 31, 2006 (PRIMEZONE) — Advanced Communications Technologies, Inc. (OTCBB:ADVC), a New York-based holding company that specializes in the technology after-market service and supply chain known as reverse logistics, and its majority owned subsidiary Pacific Magtron International Corporation, Inc. (OTCBB:PMICQ), jointly announced today that at a January 24, 2006 bankruptcy court hearing, Pacific Magtron International Corporation, Inc.'s (PMIC) Disclosure Statement to accompany it's Plan of Reorganization filed with the U.S. Bankruptcy Court in the southern district of Nevada has been approved. At the same hearing, the court confirmed Pacific Magtron, Inc.'s (PMI) and Pacific Magtron (GA), Inc.'s (PMIGA), wholly-owned subsidiaries of PMIC, Plans of Liquidation.

Novo Nordisk A/S: Director/PDMR Shareholding
BAGSVAERD, Denmark, Jan. 31, 2006 (PRIMEZONE) — In accordance with Section 28a of the Danish Securities Trading Act, Novo Nordisk is required on a daily basis to publish trading in Novo Nordisk shares by the company's board members, executives and their associated persons as reported by those persons to Novo Nordisk.

AccountAbilities, Inc. Announces CPA Partnership Contract With Eisner Accounting Firm
MANALAPAN, N.J., Jan. 31, 2006 (PRIMEZONE) — AccountAbilities, Inc. (Pink Sheets:ACTB) announced today that it has entered into a CPA Partnership Contract with Eisner LLP, one of the largest CPA firms in New York City.

Industrial Manufacturers Report Renewed Economic Optimism, According to PricewaterhouseCoopers Survey
NEW YORK, Jan. 31, 2006 (PRIMEZONE) — Large, U.S.-based industrial manufacturers report renewed optimism about the U.S. and world economies over the next 12 months, despite continued concern about high energy prices, according to PricewaterhouseCoopers'Manufacturing Barometer. In the year ahead, these companies expect solid revenue growth, a higher level of new investments, as well as an upturn in hiring and M&A activity.

ClickMotive Chooses Callbright
MOUNTAIN VIEW, Calif., Jan. 31, 2006 (PRIMEZONE) — With momentum from their recent Vehix.com partnership, Callbright, the leader in total communication management solutions for automotive dealers, announced today its strategic partnership with ClickMotive, one of the automotive industry's premier search engine marketing firms. By choosing Callbright as its communication management partner, ClickMotive will have the ability to include unique toll-free numbers in all of their Search Engine Marketing campaigns.

Victor Industries'Shareholders to Benefit from Post Merger Dividend
LOS ANGELES, Jan. 31, 2006 (PRIMEZONE) — The management of Victor Industries (OTCBB:VICI) has determined it to be in the best interests of shareholders, should the merger with FSP be successfully completed, to form a new company to better service the soil additive and environmental remediation products Victor currently markets.

Wataire Industries Shareholders Update
VANCOUVER, British Columbia, Jan. 31, 2006 (PRIMEZONE) — As per Wataire Industries Inc.'s (Pink Sheets:WTAF) press release dated January 17,2006 regarding a proposed forward one for two stock split, all documented shareholders of Wataire Industries have been sent shareholders proxies. As stated in the release, the proposed stock split is subject to shareholder approval.

GASB Issues Exposure Draft That Would Put the Cost of Cleaning Up Pollution on Governments'Financial Statements
NORWALK, Conn., Jan. 31, 2006 (PRIMEZONE) — The Governmental Accounting Standards Board (GASB) today issued an Exposure Draft intended to provide guidance and consistency with respect to the accounting and reporting of obligations and costs related to pollution remediation. The proposal reflects the Board's intention to ensure that certain costs and long-term obligations not specifically addressed by current governmental accounting standards will be included in financial reports.

Contacts With Lobbyists Curbed
Republican and Democratic lawmakers are canceling their regularly scheduled meetings with lobbyists as the fallout from the Jack Abramoff scandal continues to roil Capitol Hill.
Jeffrey H. Birnbaum

Search for Finer Yarn Becomes a Trade Tangle
This is a yarn about yarn, one that has a Georgia textile manufacturer tangled up with other domestic mills in an international trade dispute about its quest for a particular type of fine-spun cotton yarn.
Cindy Skrzycki

Federal Mine Agency Considers New Rules To Improve Safety
After one of the deadliest months for coal mining in years, federal mine regulators last week began formally considering safety improvements to help miners survive underground fires and explosions. Among the proposals: mandatory caches of oxygen tanks and breathing masks inside every coal mine.

Joby Warrick

Running Fox Resources Announces Oversubscribed Private Placement Financing of $1,275,000
VANCOUVER, British Columbia, Jan. 31, 2006 (PRIMEZONE) — Steven Schurman, CEO, on behalf of the Board of Directors reports:

Novo Nordisk A/S: Director/PDMR Shareholding
BAGSVAERD, Denmark, Jan. 31, 2006 (PRIMEZONE) — In accordance with Section 28a of the Danish Securities Trading Act, Novo Nordisk is required on a daily basis to publish trading in Novo Nordisk shares by the company's board members, executives and their associated persons as reported by those persons to Novo Nordisk.

Acura Pharmaceuticals, Inc. Secures Bridge Funding
PALATINE, Ill., Jan. 31, 2006 (PRIMEZONE) — Acura Pharmaceuticals, Inc. (OTCBB:ACUR) today announced it has secured gross proceeds of $750,000 under a term loan agreement (the"Loan") with Essex Woodlands Health Ventures V, L.P., Care Capital Investments II, L.P., Care Capital Offshore Investments II, L.P., Galen Partners III, L.P., Galen Partners International III, L.P. and Galen Employee Fund III, L.P (collectively the"Bridge Lenders"). The Loan matures on June 1, 2006, bears an annual interest rate of 10%, is secured by a lien on all assets of the Company and its subsidiary, and is senior to all other Company debt. The Company will use utilize the net proceeds from the Loan to continue funding product development and licensing activities relating to OxyADF tablets and other product candidates utilizing its Aversion Technology. The Loan permits the funding of additional cash amounts subject to agreement by the Company and the Bridge Lenders. No assurance can be given, however, that any additional funding will be advanced to the Company under the terms of the Loan.

Pinstripe Establishes Talent Acquisition and Recruitment Process Outsourcing Practice to Help Healthcare Clients Resolve Staffing Challenges
BROOKFIELD, Wis., Jan. 31, 2006 (PRIMEZONE) — Pinstripe, a leading recruitment process outsourcing and recruitment services firm, announced today the establishment of a specialized healthcare group. Under the direction of newly appointed Executive Vice President Jill Schwieters, the Healthcare Group will assist healthcare providers, clinical laboratories, medical equipment manufacturers, pharmaceutical companies, biotechnology firms and other medical and healthcare organizations in addressing the ongoing challenges of recruitment, utilization and retention of highly qualified healthcare staff.

Industrial Manufacturers Report Renewed Economic Optimism, According to PricewaterhouseCoopers Survey
NEW YORK, Jan. 31, 2006 (PRIMEZONE) — Large, U.S.-based industrial manufacturers report renewed optimism about the U.S. and world economies over the next 12 months, despite continued concern about high energy prices, according to PricewaterhouseCoopers'Manufacturing Barometer. In the year ahead, these companies expect solid revenue growth, a higher level of new investments, as well as an upturn in hiring and M&A activity.

Wataire Industries Shareholders Update
VANCOUVER, British Columbia, Jan. 31, 2006 (PRIMEZONE) — As per Wataire Industries Inc.'s (Pink Sheets:WTAF) press release dated January 17,2006 regarding a proposed forward one for two stock split, all documented shareholders of Wataire Industries have been sent shareholders proxies. As stated in the release, the proposed stock split is subject to shareholder approval.

Friendly Energy Retains Oil Investment Syndication Firm
CARSON CITY, Nev., Jan. 31, 2006 (PRIMEZONE) — Friendly Energy Corp. (Pink Sheets:FDEG) announces today that it has entered into an letter of intent, subject to formal documentation, with an investment syndication firm for the purpose of raising up to three million six hundred thousand dollars ($3,600,000.00) in participation interests in the Peach Creek West Prospect of Central Oklahoma.

Advanced Communications and Pacific Magtron International Jointly Announce Court Approval of Pacific Magtron International's Reorganization Disclosure Statement and Confirmation of Pacific Magtron, Inc.'s and Pacific Magtron (GA), Inc.'s Plans Of Liquidation
NEW YORK, Jan. 31, 2006 (PRIMEZONE) — Advanced Communications Technologies, Inc. (OTCBB:ADVC), a New York-based holding company that specializes in the technology after-market service and supply chain known as reverse logistics, and its majority owned subsidiary Pacific Magtron International Corporation, Inc. (OTCBB:PMICQ), jointly announced today that at a January 24, 2006 bankruptcy court hearing, Pacific Magtron International Corporation, Inc.'s (PMIC) Disclosure Statement to accompany it's Plan of Reorganization filed with the U.S. Bankruptcy Court in the southern district of Nevada has been approved. At the same hearing, the court confirmed Pacific Magtron, Inc.'s (PMI) and Pacific Magtron (GA), Inc.'s (PMIGA), wholly-owned subsidiaries of PMIC, Plans of Liquidation.

AdZone Research Signs Contract with Web Wise Kids Estimated to be Worth More Than $50,000,000 Annually
CALVERTON, N.Y., Jan. 31, 2006 (PRIMEZONE) — AdZone Research, Inc. (OTCBB:ADZR) today reported it has signed a contract with Web Wise Kids, Inc. it estimates to be worth more than $50,000,000 annually.

Victor Industries'Shareholders to Benefit from Post Merger Dividend
LOS ANGELES, Jan. 31, 2006 (PRIMEZONE) — The management of Victor Industries (OTCBB:VICI) has determined it to be in the best interests of shareholders, should the merger with FSP be successfully completed, to form a new company to better service the soil additive and environmental remediation products Victor currently markets.

Old National Reports 21.7 Percent Increase in Fourth-Quarter Earnings From Continuing Operations Over Fourth Quarter of 2004; Full-Year Earnings From Continuing Operations Represents a 33.7 Percent Increase Over 2004
EVANSVILLE, Ind., Jan. 31, 2006 (PRIMEZONE) — Old National Bancorp (NYSE:ONB) today announced fourth-quarter earnings from continuing operations of $19.5 million, or $.28 per share. This compares with income from continuing operations of $18.9 million, or $.28 per share, in the third quarter of 2005 and $16.4 million, or $.23 per share, in the fourth quarter of 2004. Net income, which includes results from discontinued operations, mirrored income from continuing operations for the fourth quarter of this year as the impact of the sales of all discontinued operations were completed during the third quarter.

Emerge Capital Corp. Subsidiary Purchases 70% of Sagamore Holdings, Inc.
HOUSTON, Jan. 31, 2006 (PRIMEZONE) — Emerge Capital Corp. (OTCBB:EMGC) announced today that its wholly owned operating subsidiary Corporate Strategies, Inc. has purchased approximately seventy percent (70%) of the outstanding common stock of Sagamore Holdings, Inc.

Prince snaps up Fairmont - National Post

CTV.ca

Prince snaps up Fairmont National Post -11 hours ago Fairmont Hotels& Resorts Inc. found a white knight in the form of a Saudi prince yesterday, agreeing to sell the Toronto-based luxury hotel chain to investor Alwaleed bin Talal and a US investment firm for US$3.9-billion. Owner will buy out Fairmont HotelsSan Jose Mercury News Colony Capital, Saudi Prince to Buy Fairmont Hotels& ResortsLos Angeles Times Toronto Star -Reuters -Edmonton Sun -Houston Chronicle -all 318 related

UAW warns of strikes against two suppliers - Monsters and Critics.com

Kraft Foods shares fall in wake of bigger cost-cutting plan - Canada.com

Washington Post

Kraft Foods shares fall in wake of bigger cost-cutting plan Canada.com -2 hours ago Shares of Kraft Foods Inc., the biggest US food company, fell more than three per cent Tuesday after the firm disclosed plans to broaden the cost-cutting effort it launched two years ago to boost profits. Kraft Foods Will Cut 8,000 More Jobs, Close 20 Plants (Update5)Bloomberg Kraft slices 8,000 jobs, 20 factoriesChicago Tribune Australian -Monsters and Critics.com -The Capital Times -MSN Money -all 409 related

Merck, Wyeth Sales Rise Little as Demand Falls for Top Drugs - Bloomberg

CNN/Money

Merck, Wyeth Sales Rise Little as Demand Falls for Top Drugs Bloomberg -31 minutes ago Merck& Co. and Wyeth said fourth- quarter revenue rose little as competition eroded demand for their biggest-selling drugs. Sales of Merck's Zocor cholesterol pill fell 18 percent as… Merck profit up, adds to defense fundsBusinessWeek Merck profit slightly higher, beats forecastsReuters MarketWatch -USA Today -Houston Chronicle -Forbes -all 196 related

Savings Rate Lowest Since Great Depression - MSN Money

Arizona Daily Sun

Savings Rate Lowest Since Great Depression MSN Money -Jan 30, 2006 Americans are spending everything they're making and more, pushing the national savings rate to the lowest point since the Great Depression. Savings rate at lowest level since 1933BusinessWeek US consumers picking up spendingBBC News Arizona Republic -Independent -Newsday -Xinhua -all 442 related

Caio to quit amid C&W changes - Financial Times

Telegraph.co.uk

Caio to quit amid C&W changes Financial Times -1 hour ago Shares in Cable& Wireless dropped 10 per cent yesterday as it warned on profits and announced that Francesco Caio, its chief executive, was to leave in the midst of a reorganisation. Cable& Wireless restructures and warns on profitsRegister Cable& Wireless chief to go in revampReuters.uk Telegraph.co.uk -Times Online -Forbes -MSN Money -all 96 related

OPEC to Keep Crude Production Steady - ABC News

Washington Post

OPEC to Keep Crude Production Steady ABC News -1 hour ago Minister of State for Petroleum Resources and OPEC's President Edmund Maduabebe Daukoru from Nigeria arrives for a final press conference after a meeting of ministers of the Organization of Petroleum Exporting Countries (OPEC,) on Tuesday, Jan. OPEC seals deal to keep pumping near maximumReuters OPEC to hold to oil levelsInternational Herald Tribune New York Times -Santa Fe New Mexican -Zaman Online -BusinessWeek -all 789 related

Poland ready to give way on VAT - Financial Times

Financial Mirror

Poland ready to give way on VAT Financial Times -1 hour ago Poland said on Tuesday it was ready to compromise in its fight with the rest of the European Union over sales tax rates, amid warnings of serious consequences if it continued to wield its veto. EU struggles to swing Poland on VAT deal as legal limbo loomsTODAYonline Poland Blocks EU Tax Accord, Ready for Further Talks (Update5)Bloomberg Xinhua -Reuters -MSN Money -Euro PAP -all 62 related

Doll under fire for attack on Mittal bid - MSNBC

Earthtimes.org

Doll under fire for attack on Mittal bid MSNBC -28 minutes ago Guy Doll , chief executive of Arcelor, was on Tuesday accused of behaving like a"child in a playpen" in his efforts to thwart an 18.6bn ($22.5bn) hostile bid by Mittal Steel, headed by billionaire Indian Lakshmi Mittal. All?eyes?on Nippon as talks with Doll beginMSN Money Mittal not considering raising Arcelor bidReuters.uk ABC News -Bloomberg -Hindustan Times -Asia Times Online -all 663 related

In other business news - Buffalo News

Business news and notes - Agri News

Business News for Tuesday 31 January 2006 - Newstalk ZB

Business News short takes - Arkansas Democrat-Gazette (subscription)

Pennsylvania business news in brief - Centre Daily Times

Business news in brief - Philadelphia Inquirer

Morning business news - RTE.ie

Local business news in brief - Cincinnati Post

Here is the business news: it's different from 1962 - but … - Scotsman

Law + Business News - SEC and Japan Financial Services Agency … - Lawfuel (press release)

Morning business news - RTE.ie

Business News for Tuesday 31 January 2006 - Newstalk ZB

Here is the business news: it's different from 1962 - but … - Scotsman

Local business news in brief - Cincinnati Post

Business News short takes - Arkansas Democrat-Gazette (subscription)

Law + Business News - SEC and Japan Financial Services Agency … - Lawfuel (press release)

Business news in brief - Philadelphia Inquirer

In other business news - Buffalo News

Pennsylvania business news in brief - Centre Daily Times

Business news and notes - Agri News