Check back often for the latest news.
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Back in the industry Spinal implant company boasts Knoxville location, growth
Jan 6, 2009 — The Knoxville News-Sentinel
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Bankrupt Company To Pay $1.5 Million For Polluting River
Jan 6, 2009 — The Hartford Courant
...our rivers and streams." Atlantic Wire used harsh acids and highly alkaline materials in the manufacture of steel wire. The state accused the company of flushing toxic wastewater into the Branford River 21 times from December 2005 to January 2008, in at least one instance killing hundreds of crabs. Reynolds said the company has until the end of February to clean up the site. Although the company's pollution has dissipated, the Branford River has other problems: The DEP...
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Bush's long-time aides predict history will judge him favorably
Jan 6, 2009 — USA Today
Letters from the White House Joan Doty, 62, has drafted thousands of letters to children, servicemembers and others who have written first lady Laura Bush to ask for help or advice. Chao, 55, says her tenure as deputy secretary of Transportation in the administration of Bush's father taught her "the rhythms" of a presidency. Spellings was with Laura Bush, who was on her way to testify before a Senate hearing.
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China faces wave of unrest in 2009
Jan 6, 2009 — Boston Globe
Factory closures, sackings and difficulties paying social security had already unleashed a surge of protests, the report said. Huang is Xinhua's bureau chief in the southwest city of Chongqing, which has long been a cauldron of unrest. The Outlook report also stressed that China's social strains are about more than just GDP growth.
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China seen facing wave of unrest in 2009
Jan 6, 2009 — Boston Globe
Factory closures, sackings and difficulties paying social security had already unleashed a surge of protests, the report said. Huang is Xinhua's bureau chief in the southwest city of Chongqing, which has long been a cauldron of unrest. Other parts of China have also seen intense but brief and localized protests over police abuses, corruption and factory closures.
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Coalition sues over bay cleanup
Jan 6, 2009 — Richmond Times-Dispatch
...the Chesapeake Bay announced to considerable fanfare in 1983 that they would clean up the bay. They announced a new agreement in 1987. And another in 2000. But the bay remains polluted. Saying enough is enough, a coalition led by the Chesapeake Bay Foundation, an environmental group, filed suit yesterday to force the federal Environmental Protection Agency to clean the bay. Federal law requires the EPA to make sure the U.S. and state governments clean the bay,...
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Coming Down on Tobacco
Jan 6, 2009 — New York Times
Waxman’s former chief of staff, Philip M. Schiliro, has been named Mr. President Bush vetoed the cigarette tax increase in 2007. The treaty would have much less impact on Altria than the F.D.A. legislation would, said David M. Sylvia, an Altria spokesman.
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Democrats cool to Panetta at CIA
Jan 6, 2009 — Washington Times, A1
Panetta's in the House, praised the selection as "a superb appointment. Panetta should not face opposition from that quarter. Peter Hoekstra, Michigan Republican, welcomed change at the CIA. "Mr.
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DMI halts expansion, cuts jobs at factory The wind tower maker cites lower demand for alternative energy.
Jan 6, 2009 — Tulsa World
Trinity Towers shuttered its factory in November, eliminating 131 jobs.
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Foreign envoys prepare for Obama salute
Jan 6, 2009 — Washington Times, A1
Obama's African heritage through his Kenyan father. Obama's election "one of those miracles that do happen." Kenyan Ambassador Peter N.R.O. Ogego might be the busiest ambassador as he prepares for three days of celebration to salute Mr. Ambassador Kwame Bawuah Edusei of Ghana said the African envoys are excited that the son of an African will be the next president of the United States. "It is a euphoric feeling.
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General Growth settles suit for $48 million
Jan 6, 2009 — Chicago Tribune
...in a judgment of $89.2 million in compensatory and punitive damages against Galleria. General Growth and its venture partner had been appealing the ruling, but it will drop that appeal as part of the settlement announced Tuesday. The settlement pact calls for General Growth to pay $48 million, while its partner in the GGP/Homart II joint venture will make no payment. In addition, General Growth agreed to pay $5.5 million to its venture partner. The settlement and related...
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Hackers post link on Obama Twitter page
Jan 6, 2009 — Washington Times, A1
Christina Bellantoni, Stephen Dinan President-elect Barack Obama's account with the social networking site Twitter was hacked Monday along with those of Britney Spears and other celebrities. Obama's presidential transition team did not respond to requests for comment, and neither did Twitter. His wasn't the only Twitter account to be hacked.
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High tech in low spirit
Jan 6, 2009 — Las Vegas Review-Journal
CES wasn't even in town," Zaletel said. Another trend that appears to predate the worst of the current recession is lengths of stays during the event. Zaletel said in the 1990s hotels were able to require guests to book minimum five-night stays during CES. By 2004, it appeared many CES attendees were spending just three nights, according to i4Vegas.com. In the past couple of years, Zaletel said the duration of peak demand during CES has shrunk even more. ...
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How to invest depends on who you are
Jan 6, 2009 — The Patriot-News
For this reason, their rates of return are generally higher, currently around 10 percent, Barrick said. In return for this safety, you'll earn less, currently about 5 percent, tax-free, on Pennsylvania-related securities, Barrick said. Barrick said one-year US treasuries are yielding a minuscule .3 percent return.
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Investors get mixed messages
Jan 6, 2009 — St. Petersburg Times
The key will be for investors to remain disciplined as they move forward." --Where to put your money: Look for high-grade corporate bonds and municipal bonds to recover first. Two years or further out, stocks "that got clobbered the last six months," such as energy and commodities, are a good bet. Devalued stocks that are industry leaders and likely survivors, such as Apple and Wal-Mart. (NYSE:WMT) --What to avoid: Treasury bonds.
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Itineraries: Help in Hot Spots
Jan 6, 2009 — New York Times
Employers are turning to companies that provide customized travel risk assessments, monitoring and crisis response, like iJet Intelligent Risk Systems and International SOS. “For ethical, legal and business reasons,” he added, companies are starting travel security programs, either in-house or as clients of big risk-assessment companies. “There are a lot of risks associated with travel — car accidents, food poisonings, muggings.
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Key to Michigan future in D.C.
Jan 6, 2009 — Detroit News
Key to Michigan future in D.C. From auto bailout to a proposed stimulus package, Obama presidency could leave big imprint on state. His proposed stimulus bill could pump $25 billion into Michigan over two years, according to Charles Ballard, an economist at Michigan State University. If Obama's promised health care reform reduces health care costs for businesses, Cole said, the result would be "really, really helpful" for the auto industry.
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Logitech Cuts Jobs, Abandons Targets
Jan 6, 2009 — New York Times
De Luca also said it was a "fair assumption" sales and earnings growth in its fiscal year ending March 31, 2010 would be nothing like they were in years prior to fiscal 2009. Logitech in October cut its growth forecast for sales and operating income in fiscal 2009 from 15 percent each to 6-8 percent and 3-5 percent, respectively. Logitech said on Tuesday, however, it was well positioned to cope with the crisis thanks to its strong cash position and the fact that it has no debt.
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Obama Nominates Four To Senior Justice Posts
Jan 6, 2009 — Washington Post
Kagan is the first woman nominated to be solicitor general. Kagan has extensive experience in the federal government and legal academia but limited courtroom experience. Ogden, a partner at the WilmerHale firm, held senior roles in the Justice and Defense departments in the Clinton administration.
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Obama Pitches Stimulus Plan
Jan 6, 2009 — Washington Post
Individuals would be eligible for a $500 credit. And they passed up conservative provisions such as estate tax relief and capital gains tax cuts that disproportionately benefit wealthier individuals. Some prominent Republicans expressed reservations about the tax proposals' specifics.
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Obama pushes stimulus plan on Hill
Jan 6, 2009 — Washington Times, A1
Top Republican leaders from the Senate and House emerged from their meeting with Mr. Cantor, one of the four Republican leaders to attend the meeting with Mr. Pelosi declared "a new day here in the Capitol." Mr.
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Obama sweetens stimulus for GOP
Jan 6, 2009 — Los Angeles Times
Obama is proposing to devote about $300 billion to tax cuts in a stimulus package that may total as much as $775 billion. And other high-level Republicans voiced concern that, as appealing as tax cuts were, the overall plan raised concerns in terms of its impact on the federal deficit. The credit, which Obama outlined during the campaign, would reduce the Social Security payroll taxes that are automatically withheld from people's paychecks.
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Obama's election is changing the politics of race
Jan 6, 2009 — Los Angeles Times
Many black leaders, including Obama, have declined to back Burris, even if that leaves the Senate with no African American members. Rod Blagojevich to fill the Senate seat vacated by Obama. Burris' appointment is one of those key appointments, it doesn't look good right now," Reid said.
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Obama's Inauguration Fund-Raising Tops $24 Million
Jan 6, 2009 — New York Times
Obama’s inauguration; so has her husband, Smith Bagley, for a family bundle of $600,000. During the campaign, employees of Microsoft gave Mr. Forty-seven donors raised more than $500,000 in the campaign; half of them are now bundlers for the inauguration.
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President-elect Barack Obama inspires an artistic flood of creativity (and just about everything else)
Jan 6, 2009 — Chicago Tribune
An Iowa woman carved a bust out of chilled butter. Others fashioned figures from aluminum foil or carved likenesses from driftwood. I think this will be one of Obama's early challenges.
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QVC will sell memorabilia at Obama inauguration
Jan 6, 2009 — USA Today
A coin and stamp set commemorating Martin Luther King Day and Obama's inauguration is $20. And QVC will also sell a portfolio of newspaper front pages from inauguration day. ShopNBC is offering Obama coin sets and throw blankets.
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Richardson, Obama Teams Trade Blame
Jan 6, 2009 — Washington Post
Yesterday, however, Richardson abruptly withdrew from consideration. But a source with the Obama transition said Richardson's disclosures to the team were incomplete. A Justice Department source also said Richardson neglected to mention the ongoing investigation on a background-check questionnaire.
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Service sector contraction eases; factory orders drop
Jan 6, 2009 — Los Angeles Times
Wall Street economists surveyed by Thomson Reuters had expected the index to slip slightly to 37.0. The index continues to signal the sector is contracting. A reading below 50 signals contraction, while a reading above 50 indicates growth. The weakness in November reflected a big drop in demand for commercial aircraft.
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Service Sector Shrinks for Third Month in a Row
Jan 6, 2009 — Washington Post
By Annys Shin The service sector contracted in December for the third consecutive month, but at a slower pace than expected. Any reading under 50 percent indicates contraction; any reading above signals growth. New orders for durable goods such as appliances and automobiles fell for the fourth month in a row.
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Southwest Airlines' growth slows to a crawl
Jan 6, 2009 — The Dallas Morning News
Continental Airlines Inc. (NYSE:CAL) said its traffic last year declined 1.8 percent as it reduced its flying by 0.6 percent. In December, American reduced its capacity overall by 8.6 percent, but cut its domestic capacity 11.8 percent compared to December 2007. AirTran's capacity fell 6.9 percent, compared to Southwest's 1.0 percent decline. For the month, Southwest's traffic grew 1.1 percent despite the drop in capacity.
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Stocks pare gains after mixed economic messages
Jan 6, 2009 — USA Today
NEW YORK (AP) — Stocks pared some of their earlier gains Tuesday following disappointing readings on pending home sales and factory orders. The trade group said its seasonally adjusted index of pending sales for existing homes fell 4% to 82.3 from a downwardly revised October reading of 85.7 in October. The index continues to signal the sector is contracting, however.
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Take Two Bailouts and Call Me in the Morning
Jan 6, 2009 — Washington Post
Before his Pentagon jobs, Lynn was Sen. Gips, a transition team adviser who helped Obama assemble his Senate staff, will oversee White House staffing. Kiley, a deputy in that office in the Clinton administration, is operations director for the transition team.
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