Archive for May, 2006

Energy Trading Goes On, But Buyers Are Smarter (Stock Trading)

Tuesday, May 30th, 2006

Energy Trading Goes On, But Buyers Are Smarter
When Enron collapsed in 2001, the idea of trading electricity seemed headed for the scrap heap of failed financial innovations.
Steven Mufson

Trial Over, Enron Juror Gets His Life Back
HOUSTON, May 26 — Across town from the federal courthouse where he spent four months, Doug Baggett did something Friday he had not done for a long time.
Carol Rust

Spending Bill Includes Pay Increases for Civil Service, Military
Federal employees would receive a 2.7 percent pay raise next year under a provision included in a fiscal 2007 spending bill.
Stephen Barr

Enron Case A Grueling Trial for Its Lawyers
HOUSTON, May 28 — The unyielding preparation, the sleepless nights spent in a dingy room far from his wife and four children, whom he visited only twice in six months, all came down to this: a few hours of questions in the case of a lifetime.

Carrie Johnson

Snagged by the Network
The nonprofit group where Sadie Dingfelder works was looking for a new Web designer a few months ago. And so when she met an unemployed friend of a friend at a party who told her he had just that background, she thought she could help.
Amy Joyce

Unapologetic Luxury and Plenty of Extras
Markets have no conscience. For business, that is a good thing. A need arises. A fad emerges. Markets find ways to serve and profit from both. That is their logic. And that is the only way to make sense of the 2007 Audi Q7 4.2 sport-utility vehicle.
Warren Brown

U.S. Urges Financial Sanctions On Iran
The Bush administration is pressing Europe and Japan to impose wide-ranging sanctions designed to stifle the Iranian leadership financially if diplomatic efforts fail to resolve an impasse over the country's nuclear program, according to internal government memos and interviews with three U.S….
Dafna Linzer

K Street Confidential
K Street Confidential columnist Jeffrey Birnbaum will be online to discuss what happens when business and government collide.
Jeffrey H. Birnbaum

Aust stocks closes lower in directionless trading - (Stock Trading) WA Business News

Tuesday, May 30th, 2006

Aust stocks closes lower in directionless trading - WA Business News

Aust stocks closes lower in directionlesstrading
WA Business News, Australia -13 minutes ago
New uranium explorer Aura Energy closed on its first day oftradingon the AustralianStockExchange at 20 cents, the same as its issue price.

Stock Trading - The Ohio Art Company Reports Operating Results for the First Quarter of Fiscal 2007

Monday, May 29th, 2006

The Ohio Art Company Reports Operating Results for the First Quarter of Fiscal 2007
BRYAN, Ohio, May 26, 2006 (PRIMEZONE) — The Ohio Art Company (Pink Sheets:OART), today announced operating results for the first quarter ended April 30, 2006.

Frontline Ltd. — First Quarter 2006 Results
HAMILTON, Bermuda, May 26, 2006 (PRIMEZONE) –

Stolt-Nielsen S.A.: All Agenda Items Were Approved at the Annual General Meeting
LONDON, May 26, 2006 (PRIMEZONE) — Stolt-Nielsen S.A. (Nasdaq:SNSA) (Oslo:SNI) announces that all Agenda items were approved and all nominated directors were elected at its Annual General Meeting of shareholders held today at the offices of Services Generaux de Gestion S.A., 23, avenue Monterey, L-2086 Luxembourg.

Component Change Made to Dow Jones U.S. Select Dividend Index
NEW YORK, May 26, 2006 (PRIMEZONE) — Dow Jones Indexes, a leading global index provider, today announced a component change in the Dow Jones U.S. Select Dividend Index.

Stock Trading - FBI Rebuts Critics of Its Search for Jimmy Hoffa - Los Angeles Times

Monday, May 29th, 2006

FBI Rebuts Critics of Its Search for Jimmy Hoffa - Los Angeles Times


Washington Post
FBI Rebuts Critics of Its Search for Jimmy Hoffa
Los Angeles Times -May 27, 2006
DETROIT — The FBI today dismissed criticism investigators were wasting money by tearing up a Michigan horse farm in a search for the body of labor leader Jimmy Hoffa.
FBI's Hoffa Search Reaches Day No. 11Forbes
Longtime Hoffa friend doubts latest tip will crack caseBradenton Herald
New York Post -WOOD-TV -MLive.com -Asbury Park Press -all 572 related

UB Group not to outbid competitor for Taittinger - Hindu Business Line


NewKerala.com
UB Group not to outbid competitor for Taittinger
Hindu Business Line -4 hours ago
The UB Group has walked out of its bid for Champagne Taittinger claiming that it was not interested in outbidding one of its competitor's raised offer for the business.
Rival firm beats Mallya's Taittinger bidCNN-IBN
Taittingers in 600m deal for a sparkling comebackTimes Online
Reuters -Daily News&Analysis -Hindustan Times -Moneycontrol.com -all 49 related

The future of Microsoft (Part 2) - ABS CBN News


Playfuls.com
The future of Microsoft (Part 2)
ABS CBN News -May 28, 2006
In the first part of this column, I raised the possibility that Microsoft, the software company, is being rendered irrelevant by Google, the search engine company.
Big Internet Deals Color Mixed WeekForbes
What is its secret?Record-Searchlight (subscription)
CNET News.com -PC World Magazine -New York Times -Earthtimes.org -all 53 related

Steel makers gain on Arcelor - Reuters


Reuters.uk
Steel makers gain on Arcelor
Reuters -15 hours ago
Asian stocks mostly rose on Monday, as steel makers such as POSCO gained on the prospect of global industry consolidation, but Japan's Nikkei closed lower amid jitters ahead of industrial output data.
Japanese stocks end mixed MondayMalaysia Star
GLOBAL MARKETS-Asian stocks rise, Arcelor boosts steel makersFXstreet.com The Futures Market
ABC News -all 187 related

Stock Trading - Local Business News - The Register-Mail

Monday, May 29th, 2006

Local Business News - The Register-Mail

LocalBusinessNews
The Register-Mail, IL -May 27, 2006
GALESBURG - Terry Pool has accepted the position of emergency medical services administrative director at Galesburg Cottage Hospital.

BUSINESS NEWS - Charlotte Observer

BUSINESSNEWS
Charlotte Observer, NC -May 28, 2006
Carolina Electric Membership Cooperatives recently announced long-term agreements for Duke Energy Carolinas to begin supplying a portion of wholesale power

BUSINESS NEWS IN BRIEF - Pocono Record

BUSINESSNEWSIN BRIEF
Pocono Record, PA -May 27, 2006
Three members of the Pocono Mountains Association of Realtors were named winners of the Pennsylvania Association of Realtors photo contest.

Friday Newspaper Review - Irish Business News and International … - FinFacts Ireland

Friday Newspaper Review - IrishBusinessNewsand International
FinFacts Ireland, Ireland -May 26, 2006
By Finfacts Team. The Financial Times reports that Russia s natural resources ministry called on Thursday for a review of the two

Small business news - Rochester Democrat and Chronicle

Smallbusinessnews
Rochester Democrat and Chronicle, NY -10 hours ago
The Rochester Business Alliance's International Business Council is hosting a trivia night at 5:30 pm June 7 at the DoubleTree Hotel, 1111 Jefferson Road

People in business news - Annapolis Capital

People inbusinessnews
Annapolis Capital, MD -May 28, 2006
J. Scott Wimbrow, a senior vice president with MacKenzie Commercial Real Estate Services, has joined the Board of Directors of CommerceFirst Bank in Annapolis.

Business News - Danmark.dk

BusinessNews
Danmark.dk, Denmark -10 hours ago
Owners of Matas medicine and cosmetics stores accepted a billion kroner offer from British capital fund CVC on Sunday in Vejle, Jutland.

Business news briefs: 5/27/06 - Pittsburgh Post Gazette

Businessnewsbriefs: 5/27/06
Pittsburgh Post Gazette, PA -May 26, 2006
Daniel J. Sullivan, who dreamed up the package delivery company that ultimately became FedEx Ground in a local Hilton Hotel suite 21 years ago, will retire as

HEICO Corporation Makes Important Strategic Acquisition of Arger Enterprises (Stock Trading)

Monday, May 29th, 2006

HEICO Corporation Makes Important Strategic Acquisition of Arger Enterprises
HOLLYWOOD, Fla., May 26, 2006 (PRIMEZONE) — HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today announced that its Flight Support Group, through its HEICO Aerospace Holdings Corp. subsidiary, has acquired Arger Enterprises, Inc. and its related companies from Melrose PLC for cash consideration.

SmallCap Sentinel: Digital Content Providers Benefit from Consumer's Insatiable Appetite
IRVINE, Calif., May 26, 2006 (PRIMEZONE) –"It seems clear now that the future of digital content is driven more by its ability to be distributed in every imaginable format — mobile, on-demand, online, via game systems and more conventional DVD formats — than in any revolution in the content itself,"said SmallCap Sentinel analyst D.R. Clark."All this may bring a boom for content providers due to the seemingly insatiable appetite of consumers of all types of digital content in every form."

CORRECTED: Beacon's `Fixed Annuity Premium Study'Reports First Quarter's Fixed Annuity Sales
EVANSTON, Ill., May 25, 2006 (PRIMEZONE) — In the release issued yesterday, May 24, information in the first paragraph has been revised. The corrected first paragraph follows:

Tuition for Students, a Better Future for Their City (Stock Trading)

Monday, May 29th, 2006

Tuition for Students, a Better Future for Their City
KALAMAZOO, Mich. — Lena Elian is 17 and had been planning to go to a community college here when she graduates high school. She is the oldest of five and didn't want her father, who owns a local grocery store, to have to pay too much for college.

Kari Lydersen

Lessons Learned, Investor Builds Portfolio of Stamps
In the 1940s, a woman in Middletown, Ohio, set aside a stack of postage stamps, expecting them to appreciate in value over time and thereby pay for the college education of her young son, Bill Gross.
Neil Irwin

What Data Thieves Didn't Steal From Veterans
Pat and Thomas Halberstadt take all the right steps to protect their identity.
Michelle Singletary

Snagged by the Network
The nonprofit group where Sadie Dingfelder works was looking for a new Web designer a few months ago. And so when she met an unemployed friend of a friend at a party who told her he had just that background, she thought she could help.
Amy Joyce

Enron's Lay, Skilling Face Uphill Battle on Appeal
HOUSTON, May 26 — Now comes the second act. Defense lawyers for former Enron Corp. leaders Jeffrey K. Skilling and Kenneth L. Lay already are activating plans to appeal their convictions on fraud and conspiracy charges, the start of a costly and potentially years-long process designed to keep both…
Carrie Johnson

Stern Gets Rights to Tapes In Settlement With CBS
CBS Corp. and former employee Howard Stern have settled a lawsuit brought by the network claiming breach of contract when the shock jock left for Sirius Satellite Radio at the end of last year.
Frank Ahrens

Energy Trading Goes On, But Buyers Are Smarter
When Enron collapsed in 2001, the idea of trading electricity seemed headed for the scrap heap of failed financial innovations.

Steven Mufson

Spending Bill Includes Pay Increases for Civil Service, Military
Federal employees would receive a 2.7 percent pay raise next year under a provision included in a fiscal 2007 spending bill.
Stephen Barr

Schools Teach Combat Skills to Civilians
MONTROSE, Colo. — Marcus Klintmalm's two victims lay sprawled on the ground, their weapons released by hands gone limp. Spent cartridge casings, his and theirs, were everywhere — testimony to two gunfights.
David A. Fahrenthold

Time to Stop Writing About Stocks and Start Buying Them
After years of writing about Washington investing, I'm getting ready to buy my first stock in a local company.
Jerry Knight

Lessons From a New Retiree
As I step off into retirement at the end of this week — this is the last of these columns — I thought it might be useful for readers, especially younger ones, if I took note of some of the strategies my wife and I have used, and lessons we have learned, over the years building our… When… It's…
Albert B. Crenshaw

Online Memorials Bring Strangers and Friends Together in Community of Grief
Days after his wife's death from inflammatory breast cancer in 2004, Michael Bloomer set up a Web page memorial. An old co-worker from Florida signed Kim Bloomer's online guest book. So did a high school classmate in Michigan.
Yuki Noguchi

Alley Homes Fight for Respect — and Trash Pickup
They were once Washington's slums — crude buildings tucked into alleys across the city where the poor lived in such squalor that Eleanor Roosevelt railed against them and Congress made them illegal.
Lyndsey Layton

Stock Trading - Hercules thinks outside the big-box - Contra Costa Times

Monday, May 29th, 2006

Hercules thinks outside the big-box - Contra Costa Times


Metro Toronto
Hercules thinks outside the big-box
Contra Costa Times -20 hours ago
Hercules once had a reputation as a city that never saw a development it didn't like. But as Wal-Mart has learned in the past few months, times have changed.
California town the latest to snub Wal-MartReuters
Hercules stands strong against Wal-MartSeattle Times
Blogging Stocks -Tehachapi News -The Independent Institute -West County Times -all 24 related

Michelin CEO dies in boating accident - MarketWatch


Playfuls.com
Michelin CEO dies in boating accident
MarketWatch -13 hours ago
SAN FRANCISCO (MarketWatch) — Michelin head Edouard Michelin died in an accident on Friday, the French tire maker said this weekend, leaving co-Managing Partner Michel Rollier in charge.
Michelin acts quickly after co-chief's deathInternational Herald Tribune
Mystery of Michelin tycoon killed at seaTimes Online
New Zealand Herald -Independent -Guardian Unlimited -MSNBC -all 223 related

Verizon Wireless strategy is paying off - MarketWatch

Verizon Wireless strategy is paying off
MarketWatch -19 hours ago
WASHINGTON (MarketWatch) — By raising the bar higher in the mobile-phone business, Verizon Communications is putting pressure on rivals Cingular Wireless and Sprint Nextel Corp.
Wireless carriers take network ad claims to courtBoston Globe
Verizon Making Strides In Wireless RaceAll Headline News
CNET News.com -Arizona Daily Star -RCRNews.com -Wired News -all 13 related

UPDATE 1-Abramovich in talks to buy Evraz stake - Reuters


CNN International
UPDATE 1-Abramovich in talks to buy Evraz stake
Reuters -55 minutes ago
Roman Abramovich, Russia's richest man and owner of English Premier league soccer champions Chelsea, is in talks to buy into steelmaker Evraz (HK1q.
Abramovich in talks to buy Evraz stakeScotsman
Abramovich may buy 40 percent of Evraz-sourceReuters.uk
ABC News -all 16 related

Half of experts expect BOJ rate hike in July: poll - Mainichi Daily News

Half of experts expect BOJ rate hike in July: poll
Mainichi Daily News -43 minutes ago
Nearly half of financial market experts expect the Bank of Japan to raise interest rates from almost zero in July, according to a joint survey by Jiji Press and Reuters released Monday.
Japan's Next Export Is Higher Interest RatesBloomberg
BoJ thrust into spotlight as overnight rates hit ceilingFinancial Times
Forbes -Daily News&Analysis -Reuters -ForexTV.com -all 17 related

5/28 GOODRICH: Pay attention on roadways - Nacogdoches Daily Sentinel


Playfuls.com
5/28 GOODRICH: Pay attention on roadways
Nacogdoches Daily Sentinel -May 27, 2006
I received an e-mail Friday morning regarding a recently released study that shows nearly 18 million licensed drivers in the United States may not be fit for the roads.
Test scores are in: Northeast still has dumbest driversCNN
Rules of the road: Few driving geniuses in NJDailyrecord.com
Bizjournals.com -KTVZ -Salem Statesman Journal -Petersburg Progress Index -all 44 related

Bank of China share sale lures investors - Xinhua


China Daily
Bank of China share sale lures investors
Xinhua -5 hours ago
BEIJING, May 29 — Bnak of China's US$9.7 billion initial public offering (IPO) has drawn keen interest among stock market investors hoping to buy into China's rip-roaring growth despite the risks.
HK's value of total exports up 9.4 pctPeople's Daily Online
HK on a roll, but all's not wellAustralian
Scotsman -Wall Street Journal (subscription) -Forbes -China Economic Net -all 53 related

Stock Trading - Morning business news - RTE.ie

Sunday, May 28th, 2006

Morning business news - RTE.ie

Morningbusinessnews
RTE.ie, Ireland -May 25, 2006
Markets continue to remain volatile - Yesterday saw more falls on the ISEQ and other European indices after what turned out to have been a short lived rebound

Morning business news - RTE.ie

Morningbusinessnews
RTE.ie, Ireland -May 26, 2006
Enron duo convicted of fraud - Kenneth Lay and Jeffrey Skilling, the bosses of Enron, are looking to appeal yesterday's criminal convictions which led to the

Thursday Newspaper Review - Irish Business News and International … - FinFacts Ireland

Thursday Newspaper Review - IrishBusinessNewsand International
FinFacts Ireland, Ireland -May 25, 2006
By Finfacts Team. The Irish Independent reports that the pace of job creation by foreign firms in Ireland is once again far outstripping

BUSINESS NEWS IN BRIEF - Pocono Record

BUSINESSNEWSIN BRIEF
Pocono Record, PA -22 hours ago
Three members of the Pocono Mountains Association of Realtors were named winners of the Pennsylvania Association of Realtors photo contest.

BUSINESS NEWS - Charlotte Observer

BUSINESSNEWS
Charlotte Observer, NC -20 hours ago
Carolina Electric Membership Cooperatives recently announced long-term agreements for Duke Energy Carolinas to begin supplying a portion of wholesale power

Business news briefs: 5/27/06 - Pittsburgh Post Gazette

Businessnewsbriefs: 5/27/06
Pittsburgh Post Gazette, PA -May 26, 2006
Daniel J. Sullivan, who dreamed up the package delivery company that ultimately became FedEx Ground in a local Hilton Hotel suite 21 years ago, will retire as

HEICO Corporation Makes Important Strategic Acquisition of Arger Enterprises (Stock Trading)

Sunday, May 28th, 2006

HEICO Corporation Makes Important Strategic Acquisition of Arger Enterprises
HOLLYWOOD, Fla., May 26, 2006 (PRIMEZONE) — HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today announced that its Flight Support Group, through its HEICO Aerospace Holdings Corp. subsidiary, has acquired Arger Enterprises, Inc. and its related companies from Melrose PLC for cash consideration.

AbsoluteSKY and Universal Surveillance Systems Sign Strategic Partnership Agreement for Retail RFID Products
MONTREAL, May 26, 2006 (PRIMEZONE) — AbsoluteSKY, Inc. (Pink Sheets:ABSY) and Universal Surveillance Systems EAS Inc. (U.S.S. Corporation) today announced the signing of a strategic partnership to market AbsoluteSKY's pervasive RFID (Radio Frequency IDentification) solutions alongside Universal's broad array of innovative and market-leading Electronic Surveillance Products (EAS).

Stolt-Nielsen S.A.: All Agenda Items Were Approved at the Annual General Meeting
LONDON, May 26, 2006 (PRIMEZONE) — Stolt-Nielsen S.A. (Nasdaq:SNSA) (Oslo:SNI) announces that all Agenda items were approved and all nominated directors were elected at its Annual General Meeting of shareholders held today at the offices of Services Generaux de Gestion S.A., 23, avenue Monterey, L-2086 Luxembourg.

Emulex to Present at FBR 2006 Growth Investor Conference
ADVISORY, May 26, 2006 (PRIMEZONE) –

Mayfair Mining&Minerals, Inc. Completes the Acquisition of Control of Union Prospection Miniere, Madagascar
NEW YORK, May 26, 2006 (PRIMEZONE) — Mayfair Mining&Minerals, Inc. (OTCBB:MFMM) (Frankfurt:M1M) is pleased to announce that it has completed the acquisition of 51% of the outstanding shares of Union Prospection Miniere (UPM), a Madagascan private limited company.

CORRECTED: Beacon's `Fixed Annuity Premium Study'Reports First Quarter's Fixed Annuity Sales
EVANSTON, Ill., May 25, 2006 (PRIMEZONE) — In the release issued yesterday, May 24, information in the first paragraph has been revised. The corrected first paragraph follows: