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Petron can present financial books to lawmakers

Published December 5, 2008, 9:32 am, Sun Star

LEADING refiner Petron Corporation has offered its financial books to Congress for lawmakers to determine themselves if the company is benefiting from the steep drop in crude and finished product prices.

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List of illiquid scrips swells

Published December 5, 2008, 9:32 am, Business Standard India

40% of BSE & 30% of NSE stocks haven’t been actively traded for long. In a significant pointer to the lack of depth in domestic equity markets, the number of illiquid stocks — those that have not been actively traded for a long time — has increased sharply.

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Consumers could see ComEd rebates with 'smart meters'

Published December 5, 2008, 9:31 am, Crain's Chicago Business

(Crain's) — Commonwealth Edison Co. and consumer advocates are discussing a plan to give consumers rebates for using less electricity during the hottest days of the summer. Peak-time rebates, which have been tested successfully in California, Ontario and Maryland, are under consideration as ...

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WesBanco Selected to Participate in U.S. Treasury Department's Capital Purchase Program

Published December 5, 2008, 9:30 am, PR Newswire via Yahoo! Finance

Paul M. Limbert, President and Chief Executive Officer of WesBanco, Inc. , a Wheeling, West Virginia based multi-state bank holding company, announced that WesBanco has consummated its issuance of preferred stock to the United States Treasury under the TARP Capital Purchase Plan.

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McGovern not bitter about Nixon criticism

Published December 5, 2008, 9:24 am, Grand Forks Herald

Newly released recordings of President Richard Nixon include negative comments about former South Dakota Sen. George McGovern, who lost to Nixon in the 1972 presidential race. McGovern says the remarks came "in desperation and anger "and so that doesn't bother me at all." Advertisement: C & M Ford Sales Inc. Employee Pricing PLUS For a limited time you pay what we pay! Plus up to ...

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Slowdown in developed markets to impact exporters

Published December 5, 2008, 9:24 am, Business Standard India

The slowdown in developed markets is having an adverse impact on export oriented and transnational companies. There is no doubt that the world economic outlook has turned unfavourable.

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Apache, Micron, Safeway, SanDisk, Sonoco: U.S. Equity Movers

Published December 5, 2008, 9:21 am, Bloomberg

Dec. 5 (Bloomberg) -- The following companies are having unusual price changes in U.S. trading . Stock symbols are in parentheses, and share prices are as of 11:40 a.m. in New York.

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UPDATE 3-France optimistic on EU go-ahead for bank aid

Published December 5, 2008, 9:20 am, The Forex Market

PARIS/BRUSSELS, Dec 5 (Reuters) - France voiced confidence on Friday that the European Commission would back planned state aid to the banking sector, even as the EU executive vowed not to back down on its main criteria for approving such help.

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Govt allots RIL gas to Dabhol plant

Published December 5, 2008, 9:19 am, Business Standard India

The government has decided to allot gas to the Dabhol power plant in Maharashtra from the Reliance Industries’ gas block in the Krishna-Godavari (K-G) basin on a priority basis, giving it the same preference as the supplies to fertiliser plants, the petroleum ministry said in a statement.

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News in brief

Published December 5, 2008, 9:17 am, West Salem Coulee News

Here are a selection of brief news items from this week's paper edition, and possibly a few news briefs that didn't make it in the paper.

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