Economy and Government
Tyson agrees to fine over worker death (AP)
Tyson Foods Inc. entered a guilty plea Tuesday and agreed to pay a $500,000 fine for violations that resulted in the death of a worker at a plant in Texarkana.
Oil hovers at $49 on economic data, supply concerns (Reuters)
Oil prices were nearly unchanged on Tuesday, hovering around $49 a barrel as the market weighed weak U.S. economic data against rising geopolitical tensions and OPEC production cuts that threaten to tighten supplies.
Premier Consulting Firms SPECTRUM Group and WBB Announce Homeland Security Teaming (Business Wire)
WASHINGTON----The SPECTRUM Group and Whitney Bradley & Brown, Inc. are pleased to announce their new teaming arrangement, the âHomeland Security Federal Solutions Group,â to assist the Department of Homeland Security as well as private companies analyze and solve major issues related to the development and implementation of comprehensive and practical homeland security policies and plans for the U.S.
NC speeds up building projects to create jobs (AP)
North Carolina's top elected officials agreed Tuesday to speed up more than $740 million in government building projects, a decision outgoing Gov. Mike Easley said will hurry the creation of more than 25,000 new jobs.
Stocks up moderately after mixed economic reports (AP)
Wall Street proceeded cautiously Tuesday, with stocks rising moderately following disappointing readings on pending home sales and factory orders.
AXENTIS Publishes Operational Roadmap for Risk-Driven Compliance ManagementTM to the GRC Industry (Business Wire)
CLEVELAND----AXENTIS, a leading provider of enterprise-wide governance, risk management, and compliance solutions, announced today the release of âRisk-Driven Compliance Management: Optimally Leveraging Finite Resources to Effectively Protect the Businessâ, a thought leadership publication outlining the business implications and bottom-line value of Risk-Driven Compliance Managementâ¢.
Oak Ridge Financial Services Receives Preliminary Approval to Participate in the U.S. Treasury Capital Purchase Program, Company Expects to Use Proceeds to Benefit Local Businesses and Consumers (Business Wire)
OAK RIDGE, N.C.----Oak Ridge Financial Services, Inc. , the holding company for Bank of Oak Ridge, today announced that the Bank has obtained preliminary approval of its application for the United States Treasury Department to invest $7,700,000 in the companyâs preferred stock and warrants, as part of the governmentâs much publicized Capital Purchase Plan.
Oil rises as Iran and Kuwait cut output (CNNMoney.com)
Oil prices fluctuated wildly Tuesday after a handful of dismal economic reports countered signs that OPEC nations were starting to comply with planned output cuts.
Maine lawmakers question labor agency staffing (AP)
Lawmakers who are getting complaints from their jobless constituents want to know why some Maine Labor Department positions to handle unemployment claims are not being filled.
Factory orders drop more than expected in Nov. (AP)
Orders to factories fell for a record fourth straight month in November, and analysts believe manufacturing will continue to suffer in coming months as the country slogs through a recession entering its second year.
Research and Markets: Unique Focus on Grant Prideco, Inc. and the U.S. Oil and Gas Field Machinery and Equipment Manufacturing Industry (Business Wire)
DUBLIN, Ireland----Research and Markets has announced the addition of the "Grant Prideco, Inc. and the U.S. Oil and Gas Field Machinery and Equipment Manufacturing Industry" company profile to their offering.
Research and Markets: A Focus on Kinetic Concepts, Inc. and the U.S. Surgical Appliance and Supplies Manufacturing Industry (Business Wire)
DUBLIN, Ireland----Research and Markets has announced the addition of the "Kinetic Concepts, Inc. and the U.S. Surgical Appliance and Supplies Manufacturing Industry" company profile to their offering.
Fitch Affirms Municipal Building Auth of South Jordan (Utah) $14.5MM LRBs at 'AA-'; Outlook Stable (Business Wire)
SAN FRANCISCO----In the process of routine surveillance, Fitch Ratings affirms Municipal Building Authority of South Jordan, Utah's $14.5 million series 2002 and 2005 lease revenue bonds at 'AA-'.
Oil gives up early gains on more bad economic news (AP)
Oil prices gave up early gains Tuesday as fresh signs of a deepening U.S. recession trumped tensions in the Middle East and worries over natural gas shortages in Europe.
CORRECTING and REPLACING Economic Chill May Open New Employment Doors (Business Wire)
CAMBRIDGE, Mass.----Fourth graph, fourth sentence of release dated Jan. 5, 2009, should read: Thapa is joining the Massachusetts Tech Trek âto get exposure to start-up companies in Boston,â including Vlingo, a Cambridge-based mobile start-up .
BlackRock's Doll sees solid 2009 U.S. stocks gains (Reuters)
The U.S. stock market could gain as much 12 percent in 2009 from current levels, despite a recession that will last at least into the first half of the year, a top executive with asset manager BlackRock said on Tuesday.
Recessionary gifts: utility gift card sales jump (AP)
With luxury and electronic goods posting double-digit sales declines over the holiday season, shoppers still rung up warmth and good cheer in a spate of recession-inspired buying.
World stocks advance as oil rises to near $50 (AP)
World stock markets rose Tuesday as the New Year optimism continued amid relatively positive corporate news, particularly from the struggling British retailing sector, and despite some dismal U.S. economic data.
T. Gary Rogers Designated Chairman of the Federal Reserve Bank of San Francisco Board of Directors; Douglas W. Shorenstein Designated Deputy Chair (Business Wire)
SAN FRANCISCO----The Board of Governors of the Federal Reserve System designated T. Gary Rogers chairman of the board of directors of the Federal Reserve Bank of San Francisco. Douglas W.
Research and Markets: Through the Scope with Focus on Smith & Wesson Holding Corporation and the U.S. Small Arms Manufacturing Industry (Business Wire)
DUBLIN, Ireland----Research and Markets has announced the addition of the "Smith & Wesson Holding Corporation and the U.S. Small Arms Manufacturing Industry" company profile to their offering.
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