| AP Business NewsBrief at 2:11 p.m. EST
AUBURN HILLS, Mich. (AP) _ Chrysler LLC scrambled to maintain its inventory of plastic parts after a supplier filed for bankruptcy protection. Plastech Engineered Products Inc. apparently failed to negotiate a bailout package with its customers, The Wall Street Journal reported Friday. Microsoft Eyes Yahoo to Topple Googlenews://newsclip.ap.org/D8UI6M9O0@news.ap.orgSAN FRANCISCO (AP) _ Unable to topple Google Inc. on its own, Microsoft Corp. is trying to force crippled rival Yahoo Inc. into a shotgun marriage, with a wager worth nearly $42 billion that the two companies together will have a better chance of tackling the Internet search leader. Microsoft's audacious attempt to buy Yahoo, spelled out in an unsolicited offer announced Friday, shows just how much Google threatens the world's largest software maker's grip on how people interact with computers.
Sands comes crashing down Oct. 18 in the city's first-ever casino ...
In a town that places a premium on being first, the Sands Hotel & Casino never really had a chance. It wasn't Atlantic City's first casino; it was the fourth when it opened its doors as the Brighton Hotel Casino on Aug. 11,1980. When it fell on hard times, it wasn't the first to declare bankruptcy; in 1985, the Atlantis Casino Hotel, formerly Playboy, was the first gaming hall to file for Chapter 11 protection. And when all was lost, the Sands wasn't even the first casino to close up shop. Atlantis also holds that ignominious distinction when New Jersey yanked its casino license in 1989. With the ultimate demise of the Sands just a week away, it won't even be the first casino to come down, either. Donald Trump dismantled the Trump World's Fair, formerly the Atlantis, in 2002.
LCCAA makes changes
LORAIN — The Lorain County Community Action Agency is making some changes to help steer the agency and the people it serves in the right direction, according to executive director William Locke. The agency, which came under fire in 2006 after accusations of inflating enrollment numbers and misusing grant money, hopes some new services will enhance its operational effectiveness and efficiency. “We're just attempting to turn the agency around," Locke said. “We want to make it more equipped to better service the community." Susan Kaczay was recently promoted as the agency's Head Start director and is responsible for directing the agency's largest program, which serves about 1,100 preschoolers throughout the county. Kaczay had been director of strategic and organizational development for the agency and was chosen from among 50 applicants.
Until all agree on funding, donor tales will run and run
If Peter Hain resigns, it should be for the crime of political stupidity, not for deceit or fiddling. As he has been pointing out to colleagues in private, no fact or figure in this affair has come to light without him putting it out there in the first place. This is not a story winkled out by opposition MPs or by newspapers. It is not a tale of a minister living the high life at taxpayers' expense. No public money was involved. No serious crime has been committed. It's just ... so - very - stupid. Hain, like everyone else in politics, knows the mood of the times. He has watched the unravelling of party funding as scams are used and loopholes exploited to get round the rules created after the last lot of scams and loopholes. He watched Harriet Harman's deputy leadership campaign get into trouble with the David Abrahams proxy donors.
House can lose when Paulson punts
The biggest winner looks to be John Paulson, a little-known hedge fund manager who smelled trouble two years ago. Funds he runs were up $US15 billion in 2007 on a spectacularly successful bet against the housing market. Paulson has reaped an estimated $US3-4 billion ($3.33-4.45 billion) for himself - believed to be the largest one-year payday in Wall Street history. Now, in another twist in financial history, Paulson is retaining as an adviser a man some blame for helping feed the housing-market bubble by keeping interest rates so low: former Federal Reserve chairman Alan Greenspan. On the way to his big score, Paulson did battle with a Wall Street firm he accused of trying to manipulate the market. He faced scepticism from other big investors.
|
