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California IOUs Spurned as Schwarzenegger State Shutdowns Begin
Published July 10, 2009, 4:01 am, Bloomberg
July 10 (Bloomberg) -- California Governor Arnold Schwarzenegger will shutter government offices today and the biggest banks are poised to stop accepting IOUs the state issued amid a political deadlock over a $26 billion budget deficit.
Allentown audit: $6 million debt
Published July 10, 2009, 3:52 am, The Morning Call
City may need to dip into borrowed money in reserves if it can't balance budget. Allentown ended 2008 with a $5.9 million deficit, significantly larger than the $3.5 million shortfall Mayor Ed Pawlowski acknowledged in March, according to an independent audit.
PLENTY OF BUZZ ON GE
Published July 10, 2009, 3:40 am, New York Post
WHILE Vivendi CEO Jean- Bernard Levy for years has said he will eventually sell his stake in NBC Universal back to General Electric, the chatter around Sun Valley, Idaho, this week suggests otherwise. According to sources, the lunchtime talk...
Frank Martin
Published July 10, 2009, 3:22 am, Las Vegas Sun
It’s been a long and winding road for Frank Martin. The 62-year-old co-founder of Martin-Harris Construction, launched in 1977, has been a player in Las Vegas’ development over the past three decades.
(AFX UK Focus) 2009-07-10 10:51 Polish govt says may alter law to tap cbank profits
Published July 10, 2009, 3:20 am, Interactive Investor
WARSAW, July 10 (Reuters) - Poland's government will seek legal changes that would force the central bank to pay out its profit to help balance the 2010 budget if the bank fails to cooperate, a top aide of the prime minister said on Friday. Prime Minister Donald Tusk urged the central bank on Thursday to funnel its 2009 profits into state coffers next year to help cover a gaping budget deficit ...
Clearlake considers tough budget choices
Published July 10, 2009, 2:56 am, Lake County News
CLEARLAKE – Faced with choices that included laying off longtime staffers and cutting back important community services like code enforcement, the Clearlake City Council on Thursday decided to step back and reevaluate a final 2009-10 budget.
El-Erian Says Geithner Shares an ’A’ With Bernanke for Effort
Published July 10, 2009, 2:21 am, Bloomberg
July 10 (Bloomberg) -- Mohamed El-Erian, chief executive officer of Pacific Investment Management Co., gives Timothy Geithner and Ben S. Bernanke an “A” for their efforts to revive credit markets.
PRESS RELEASE: Fitch Affirms Cumbernauld At AAA; Outlook Negative
Published July 10, 2009, 2:09 am, Nasdaq
Fitch Ratings-London-10 July 2009: Fitch Ratings has today affirmed Cumbernauld Funding No.3 Plc's (Cumbernauld) GBP400m class A notes at 'AAA', with Negative Outlook.
Cash management is priority with Ford
Published July 10, 2009, 1:44 am, AM Online
Ford is focused on cash management with the economy still a major concern rather than the competitive positions of its U.S. rivals who have gone through bankruptcy, Ford's chief financial officer Lewis Booth said yesterday.
Leaders near deal on slots
Published July 10, 2009, 1:11 am, The Columbus Dispatch
Gov. Ted Strickland and legislative leaders appeared close to a budget agreement last night that would implement a plan to place slot machines at Ohio's seven horseracing tracks without a statewide vote.
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