News money 2008-05-26 Andanh.com

Pima County workers don't crave vacations
If you're reading this at home with your feet up because you're taking a three-day weekend, congratulations.

Copper Cactus nominations open
Nominations for the 11th Annual Wells Fargo Copper Cactus Awards, Southern Arizona's oldest and largest awards program for small businesses, are open. The deadline is June 16.

AG warns on 'Veteran Gift Campaign'
Attorney General Terry Goddard is warning consumers to be wary of postcards soliciting donations for "Arizona Hospitalized Veteran Gift Campaign."

Costly 'Climate Security' bill would do little good
Millions of vacationers will pay record prices for gasoline as they hit the roads this Memorial Day weekend, and only those who've been in the sun too long would like to see prices climb even higher. Yet several members of Congress seem determined to guarantee that they will.

Demand candidates lay out plans to end deficit spending
Congress is poised to approve a budget blueprint that would kick many long-term spending issues to next year. This budget offers no realistic way to pay for extending tax cuts for the middle class or for growing entitlement programs.

The winged Fred a buffalo of many faces
Fred is a shimmering aluminum buffalo with golden wings — wings powerful enough, apparently, to lift him to the roof of Copper Country Antiques, where he watches over what Life magazine once called the "Ugliest Street in America."

Future economy doesn't look great
A normal U.S. economy is likely to look a lot different, and worse, after the credit crisis ends and financial markets settle down.

Important ways to earn respect at work
NEW YORK — If you've recently been hired, your work to prove yourself didn't end with the job offer. Now that you have the job, it's time to show your employer that you're the right person for it.

Officials unsure on whether Arizona is really in recession Mon, 26 May 2008 00:00:00 MST
Although it looks and feels like a recession is under way in Arizona, no one can officially say so.

Continue to market business in downturn Mon, 26 May 2008 00:00:00 MST
Experts say a downturn is the time to re- evaluate.

Peoria's new slogan catching flak from all sides Mon, 26 May 2008 00:00:00 MST
Some say the tagline is 'a strikeout,' not catchy.

Lots of 'For Sale' signs but actual sales lagging Mon, 26 May 2008 11:20:57 MST
''For Sale'' signs are sprouting all over the country, but sellers face the most brutal environment in decades.

Factories' Olympic hiatus affects Valley firm's orders Mon, 26 May 2008 00:00:00 MST
Thanks to today's global economy, decisions made halfway around the world can have a ripple effect here, right down to the local level.

'Story card' can replace resume for some job seekers Mon, 26 May 2008 00:00:00 MST
When it comes to corporate hiring, as in voting, being female is a net positive, as is being Black.

Taxis, limos must display '09 inspection stickers Mon, 26 May 2008 00:00:00 MST
Beginning Sunday, taxis will be required to have blue 2009 stickers from the Arizona Department of Weights and Measures in their rear windows to prove that they meet state registration, insurance, inspection and other requirements.

Ex-manager on trial in Siemens scandal
MUNICH, Germany (AP) -- A former Siemens AG manager on trial over alleged corruption and bribery testified Monday that "commissions" were paid to secure orders....

CEO of Infineon Technologies resigns
BERLIN (AP) -- Infineon Technologies AG said Monday that its chief executive, Wolfgang Ziebart, will resign at the end of the month over what it said was a difference in strategy for the money-losing semiconductor maker....

Plenty of 'For Sale' signs but actual sales lagging
WASHINGTON (AP) -- Like spring flowers, the "For Sale" signs are sprouting in front yards all over the country. But anxious sellers are facing the most brutal environment in decades, with a slumping economy, falling home prices and rising mortgage foreclosures....

China unveils telecom restructuring
BEIJING (AP) -- China's phone companies will merge into three large groups in a long-awaited government restructuring of its giant telecoms market that could lead to billions of dollars in new orders for foreign equipment suppliers....

Walker's Point Il Mito restaurant closed [Milwaukee Business News - Local Milwaukee News | The Busin Fri, 23 May 2008 16:09:58 -0500
Milwaukee chef Michael Feker has, for the second time, closed his Walker's Point Il Mito restaurant.

Casino Queen invests $2M in renovations to hotel [St. Louis Business News - Local St. Louis News | T Fri, 23 May 2008 15:59:55 -0500
Less than a year after the Casino Queen opened its all-new $92 million building, the casino's owners are investing more than $2 million in renovations to the casino's adjacent hotel.

KSU's Leasure Hall closed amid concern over asbestos [Wichita Business News - Local Wichita News | T Fri, 23 May 2008 15:51:49 -0500
One of Kansas State University's oldest buildings, Leasure Hall, will be closed until late next week.

US Airways ends free snacks for passengers [St. Louis Business News - Local St. Louis News | The St. Fri, 23 May 2008 15:42:04 -0500
US Airways Group Inc. will no longer offer passengers free snacks on its domestic flights starting June 1.

BAE unveils new cannon prototype at Fridley plant [Minneapolis Business News - Local Minneapolis New Fri, 23 May 2008 15:16:54 -0500
BAE Systems today announced that it had completed the first of 18 prototype models of the non-line-of-sight cannon that it is building for the U.S. Army.

El Dorado's Frontier Refinery nominated for Kansas business award [Wichita Business News - Local Wic Fri, 23 May 2008 14:59:07 -0500
El Dorado's Frontier Refinery is a finalist for the Governor's Award of Excellence, presented annually to the Kansas business that "best represents the state's ideals in leadership, service and contributions to the economy."

University of Minnesota unveils 'Gopher Points' seating system for new stadium [Minneapolis Business Fri, 23 May 2008 14:43:42 -0500
Seats at TCF Bank Stadium will cost as much as $3,000 a year and suites will cost $45,000 each, the University of Minnesota athletics department announced Friday.

Wichita's Goodlatte honored by restaurant association [Wichita Business News - Local Wichita News | Fri, 23 May 2008 14:38:50 -0500
Bill Goodlatte, senior vice president of human resources for the LDF Food Group, was recently named Restaurateur of the Year by the Kansas Restaurant and Hospitality Association.

Northwest to hike charges for cargo flights [Milwaukee Business News - Local Milwaukee News | The Bu Fri, 23 May 2008 14:32:29 -0500
With the costs for checked bags going up across the industry, flyers might be tempted to simply ship their luggage ahead of them to save money. (NWA)

General Motors: Fairfax and Lansing strikes cost $200M [Kansas City Business News - Local Kansas Cit Fri, 23 May 2008 14:30:15 -0500
Union strikes at General Motors Corp.'s Fairfax Assembly Plant and Lansing Delta Township Plant will cost the company about $200 million combined before taxes in the second quarter, the company said in a filing with the Securities and Exchange Commission. (GM)

Bank of America targeted in class-action lawsuit [St. Louis Business News - Local St. Louis News | T Fri, 23 May 2008 14:21:13 -0500
A California law firm has filed a class-action lawsuit on behalf of investors who bought auction-rate securities from Bank of America Corp. and its subsidiaries. (BAC)

Midwest Airlines will charge for second checked bag [Wichita Business News - Local Wichita News | Th Fri, 23 May 2008 14:09:11 -0500
Midwest Airlines announced Friday that it will charge a $20 fee for customers choosing to check a second bag, a move the Oak Creek airline said is in line with what other domestic carriers are doing in response to record-high fuel prices.

Cerner execs extol health of company, industry [Kansas City Business News - Local Kansas City News | Fri, 23 May 2008 13:55:10 -0500
Officials with Cerner Corp. said during the company's annual shareholders meeting Friday that prospects for their industry look promising at home and abroad.

Midwest Airlines will charge for second checked bag [Milwaukee Business News - Local Milwaukee News Fri, 23 May 2008 13:51:58 -0500
Midwest Airlines announced Friday that it will charge a $20 fee for customers choosing to check a second bag, a move the Oak Creek airline said is in line with what other domestic carriers are doing in response to record-high fuel prices.

Northwest mulls charging for checked bags [Minneapolis Business News - Local Minneapolis News | The Fri, 23 May 2008 12:45:26 -0500
Northwest Airlines Corp. is considering charging passengers to check luggage, a spokesman for the company said Friday. (NWA) (AMR)

NWA to hike charges for cargo flights [Minneapolis Business News - Local Minneapolis News | The Minn Fri, 23 May 2008 12:42:07 -0500
With the costs for checked bags going up across the industry, flyers might be tempted to simply ship their luggage ahead of them to save money. (NWA)

Report: Anheuser-Busch could be bought by Belgian brewer [Milwaukee Business News - Local Milwaukee Fri, 23 May 2008 12:34:47 -0500
Belgian brewer InBev is reportedly working on a $46 billion takeover bid for Anheuser-Busch, according to the Financial Times. (BUD)

Hunzinger to receive $1.2 million payment from First Place project [Milwaukee Business News - Local Fri, 23 May 2008 12:30:49 -0500
A lawsuit stemming from the 2006 termination of Hunzinger Construction Co. from the troubled First Place on the River 12-story condo project in Milwaukee's 5th ward has been largely settled with the builder in line to receive a payment of $1.27 million.

Medica names new tech chief [Minneapolis Business News - Local Minneapolis News | The Minneapolis / Fri, 23 May 2008 12:22:24 -0500
Medica has named George Steinhoff as its new chief technology officer, the company announced Friday.

Book aims to promote health in Sedgwick County [Wichita Business News - Local Wichita News | The Wic Fri, 23 May 2008 12:00:42 -0500
The Sedgwick County Health Department has released a first-of-its kind book on health.

St. Louis Red Cross achieves High Level III Readiness [St. Louis Business News - Local St. Louis New Fri, 23 May 2008 11:58:23 -0500
The St. Louis Area Chapter of the Red Cross is the first chapter in America to achieve High Level III Readiness, the highest level of disaster readiness that a chapter can achieve on its own.

N.J. man pleads guilty to wire fraud in Kansas [Kansas City Business News - Local Kansas City News | Fri, 23 May 2008 11:57:35 -0500
A New Jersey man entered a guilty plea Thursday in federal district court in Kansas of conspiracy to commit wire fraud in a case in which he and other defendants were accused of running a bogus business consulting service.

Sebelius signs omnibus budget bill, five others [Kansas City Business News - Local Kansas City News Fri, 23 May 2008 11:54:57 -0500
Kansas Gov. Kathleen Sebelius signed the omnibus budget bill and five other bills Thursday, including measures for property, income and sales taxes; credit card use for city payments; and a one-time payment to retired state employees.

Report: InBev considering $46B takeover of Anheuser-Busch [Wichita Business News - Local Wichita New Fri, 23 May 2008 11:45:20 -0500
Belgian brewer InBev is reportedly working on a $46 billion takeover bid for Anheuser-Busch, according to the FT Alphaville Web site. (BUD)

Travelers on the make for acquisition opportunities [Minneapolis Business News - Local Minneapolis N Fri, 23 May 2008 11:43:01 -0500
Travelers Cos. is on the hunt for a good deal. (TRV)

AAA: Memorial Day traveling to drop [Wichita Business News - Local Wichita News | The Wichita Busine Fri, 23 May 2008 11:42:26 -0500
Higher fuel prices and weaker consumer confidence will keep more Americans at home during Memorial Day holiday compared to last year, according to AAA.

BofA targeted in class-action lawsuit [Wichita Business News - Local Wichita News | The Wichita Busi Fri, 23 May 2008 11:39:33 -0500
A California law firm has filed a class-action lawsuit on behalf of investors who bought auction-rate securities from Bank of America Corp. and its subsidiaries. (BAC) (WB)

Wells Fargo makes home loan requirements stricter [Wichita Business News - Local Wichita News | The Fri, 23 May 2008 11:37:56 -0500
Wells Fargo & Co. has raised the credit requirements for people seeking home loans, the company confirmed Friday. (WFC)

Debt financing for Clear Channel merger deal is now in the pipeline [Wichita Business News - Local W Fri, 23 May 2008 11:36:06 -0500
The bank syndicate providing the debt financing for the amended merger agreement between Clear Channel Communications Inc. and a private equity group has now fully funded the debt financing related to the $17.9 billion merger. (CCU)

Monsanto, Syngenta reach licensing agreement; settle lawsuits [St. Louis Business News - Local St. L Fri, 23 May 2008 10:52:23 -0500
Monsanto Co. and fellow agribusiness giant Syngenta reached an agreement settling multiple lawsuits related to the two companies' global corn and soybean businesses, according to the companies. (MON)

Former Columbia COO to get $500,000 [Portland Business News - Local Portland News | The Portland Bus Fri, 23 May 2008 16:12:55 -0500
Columbia Sportswear Co. will pay nearly $500,000 in severance to its former chief operating officer, according to a Securities and Exchange Commission filing made public Friday. (COLM)

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