| Bush: Spending by Dems poses threat
President George W. Bush, using his veto pen and bully pulpit, contended Tuesday that congressional Democrats are spending money like "a teenager with a new credit card" and funding the spree with tax increases in every bill. Escalating an ongoing budget battle with Democratic-controlled Capitol Hill, the president warned that the spending poses a threat that an economy he called challenged but resilient might not weather. "Higher taxes would mean fewer opportunities for entrepreneurs, a tougher time for workers trying to get ahead, and a greater likelihood of a slowdown across our economy," Bush told a friendly business audience in a converted movie house in this Ohio River city. "They're coming at you with new taxes, and I'm going to do everything in my power to stop them." The president vetoed a $606 billion measure financing federal education, health and labor programs for the budget year that began Oct.
India, Russia to expand n-cooperation, defer Kudankulam deal
Moscow, Nov 12 (IANS) India and Russia Monday recharged their 'time-tested' ties by signing four agreements in space, defence, trade and narcotics control sectors, but agreed to defer a pact on Moscow building four additional nuclear reactors at Kudankulam in Tamil Nadu till the Nuclear Suppliers Group clears the India-US nuclear deal. The two sides, however, stressed that they will continue to expand their ongoing cooperation in civilian nuclear energy. The agreements were signed after Prime Minister Manmohan Singh held talks with Russian President Vladimir Putin on a wide range of bilateral, regional and global issues, including the intensification of economic ties, civil nuclear cooperation, the Iranian issue, the trilateral cooperation between India, Russia and China, and the situation in their neighbourhood.
Farm Bill Advances In Congress
WASHINGTON -- As Congress moves closer to adoption of the 2007 Farm Bill, Arkansas farmers are preparing to fight again a decades-long battle over subsidy payments.The legislation to reauthorize the nation's agriculture programs advanced from the Senate's agriculture committee last week and headed to the Senate floor, where a showdown along geographical lines is expected.Midwest senators are expected to try to reduce the amount of government money eligible to farmers. Southern lawmakers are opposed, contending that crops like cotton and rice are more costly to produce and deserve the funding.Arkansas Agriculture Secretary Richard Bell said southern growers had sacrificed enough during negotiations for this year's version of the Farm Bill, which is typically renewed every five years.Both the House and Senate versions of the bill eliminate the "three-entity rule," which allowed for additional subsidy payments for farmers in business partnerships; and toughen income limits for payment eligibility."I don't want to have any more concessions," said Bell, a former chairman of Riceland Foods, and former official at the U.S.
American Capital Offering Stock
Asset management company American Capital Strategies Ltd. said Thursday it will publicly offer about 4 million shares of common stock. The company will use the proceeds to reduce debt and fund investments. Underwriters will have the option to buy an additional 600,000 shares to cover over-allotments. Morgan Stanley & Co. Inc., Bear Stearns & Co. Inc. and UBS Investment Bank are joint book-running managers for the offering. In connection with the offering, the company will enter into agreements to sell about 4 million shares of common stock to counter-parties. Shares of American Capital Strategies fell $1.11, or 2.8 percent, to $38.92 in after-hours trading after falling 27 cents to close at $40.03. .
SPEEDEL ANNOUNCES FINANCIAL RESULTS FOR THIRD QUARTER 2007
Full year cash-burn guidance about CHF 75 million Basel/Switzerland and Bridgewater NJ/USA, 14 November 2007 Speedel Holding Ltd (Swiss:SPPN.SW - News) today announced consolidated financial results for the three and nine months ending 30 September 2007. .
|
