Investors coming to terms with market's gyrations

CHICAGO (AP) — During the darkest days of the stock market's slide last month, Jack Bass withdrew stock from his retirement accounts and literally felt sickened by what was happening.
"I certainly had a queasy stomach throughout October," said the 61-year-old retired lawyer from Vancouver, B.C. "I had to keep saying to myself ... 'These things will pass.'"
Now he's feeling better — and he appears to have plenty of company among fellow Read the rest of this entry »

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Kiwa Bio-Tech Reports on Annual Stockholder and Management Meetings

BEIJING and CLAREMONT, Calif., Dec. 31, 2008 (GLOBE NEWSWIRE) -- 2008 Kiwa Bio-Tech Products Group Corporation (OTCBB:KWBT) held the annual stockholder meeting and other management meetings on December 30 and 31, 2008.
All resolutions before the stockholders were approved including reelection of the Board of Directors, ratification of the appointment of Mao & Company, CPAs, Inc., as independent auditor and approval of an amendment to increase the Read the rest of this entry »

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Tripathi urges state to invest in UB

“Investing in SUNY, investing in our public research universities can provide the critical foundation for a diversified New York State economy.”
Provost Satish K. Tripathi
Published: November 19, 2008
Investing in UB and other SUNY institutions is the key to diversifying New York State’s economy and keeping pace with other U.S. and international universities, Provost Satish K. Tripathi told members of the SUNY Board of Trustees Read the rest of this entry »

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Earnings roundup: FedEx, Discover Financial

Among the earnings stories for Thursday, Dec. 18, from AP Financial News:
NEW YORK (AP) -
FedEx Corp.
) said Thursday its fiscal second-quarter earnings rose 3 percent, narrowly topping Wall Street's expectations, but it announced further cost cuts as demand continues to slump.
) said Thursday it returned to profitability during its fiscal fourth-quarter, thanks to a payment from a lawsuit settlement.
Winnebago Industries Inc.
) reported Read the rest of this entry »

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Commerce Brokerage will buy back $545M in auction-rate securities

, an affiliate of
, will buy back $545 million in auction-rate securities from 140 investors as part of a settlement with the Missouri Secretary of State’s office.
Commerce Brokerage Services also agreed to make a $500,000 payment to the
and an additional $25,000 to the fund to cover the investigation’s cost as part of the settlement, as well as hire a consultant to overlook the brokerage’s policies as they relate to non-conventional Read the rest of this entry »

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ClusterSeven Launches Spreadsheet Integrity

LONDON & NEW YORK, Nov 25, 2008 (BUSINESS WIRE) --
ClusterSeven (London and New York), an international provider of
spreadsheet management solutions that enhance risk management,
compliance and profitability for financial institutions and Fortune 500
financial reporting divisions, announced the availability of Spreadsheet
Integrity, a version of its flagship spreadsheet manager software
tailored specifically Read the rest of this entry »

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FCC cancels meeting for free Internet vote

The Federal Communications Commission has canceled a meeting scheduled at which it planned to vote on a controversial free Internet plan.
The group has been considering whether it should auction off 25 megahertz of wireless spectrum in the 2155MHz to 2180MHz band. In exchange for using the spectrum, the FCC would require license holders to offer some free wireless broadband service, as a way to provide free Internet access to millions of Americans Read the rest of this entry »

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Tough economy may be shrinking scholarships

FORT WAYNE, Ind. - The struggling economy and volatile
stock market may be shrinking the number and value of college
scholarships.
The Community Foundation of Greater Fort Wayne holds funds for
about 200 scholarships, ranging from $250 to $30,000 a year. But
the foundation's assets have dropped recently, so there are fewer
earnings to use for scholarships.
Foundation Executive Director David Bennett says there will be a
decline in the scholarships Read the rest of this entry »

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With final-hole birdie, Bettencourt wins season finale and money title

McKINNEY, Texas -- Matt Bettencourt was speechless and emotional after winning the Nationwide Tour Championship, and collecting the money title, in front of friends and family Sunday at TPC Craig Ranch.
Bettencourt (69) finished at 17-under 267, one stroke ahead of Jeff Klauk, who stormed home with a 65 to finish at 16-under 268, alone in second.
Tied for third were Colt Knost (65) and Bryce Molder (71) at 15-under 269. Molder earned $58,000, Read the rest of this entry »

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In Congress, they're big believers of religion

For the purposes of the Pew study, "Washington Redskins" was classified as a faith, not an official religion.
Nominated-to-be-Secretary of State Hillary Rodham Clinton is under some special kind of financial pressure this holiday season. And so is anyone she owes money to.
The New York senator's still got about $6.3 million in debt left over from her unsuccessful Democratic primary campaign. And the minute she's confirmed to join Barack Obama's Read the rest of this entry »

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