Books-A-Million declares dividend of 5 cents to be paid on Sept. 17BIRMINGHAM, Ala. — Retailer Books-A-Million Inc. said Thursday its board has approved a quarterly cash dividend of 5 cents. A look at the Cash for Clunkers program, which is scheduled to end MondayThe Department of Transportation said Thursday it intends to end the Cash for Clunkers program on Monday at 8 p.m. EDT. Here’s a look at the $3 billion car incentive program. Veterans Affairs technology employees receive $24 million in bonuses in 2007, 2008WASHINGTON — Thousands of technology office employees at the Veterans Affairs Department received a total of $24 million in bonuses over a two-year period, some under questionable circumstances, the agency’s inspector general said in scathing reports that also detail abuses ranging from nepotism to an inappropriate relationship. Obama administration plans to wind down Cash for Clunkers program on MondayWASHINGTON — The Obama administration will end the popular $3 billion Cash for Clunkers program on Monday, giving car shoppers a few more days to take advantage of big government incentives. Obama administration to wind down Cash for Clunkers on MondayWASHINGTON — Car shoppers have until Monday night to take advantage of lucrative Cash for Clunkers rebates from the government, and the Obama administration is hoping for a smooth ending to a program that has spurred auto sales but created headaches for many auto dealers. White House says it understands frustration auto dealers feel about Cash for Clunkers programWASHINGTON — The White House says it understands some of the frustration automobile dealers are feeling about the government’s Cash for Clunkers vehicle trade-in program. FBI sting sheds light on role of influence, connections, payoffs on development process in NJNEWARK, N.J. — Federal authorities couldn’t have picked a more fertile target than New Jersey’s Manhattan-facing waterfront towns for a fake cash-for-development undercover sting, longtime observers say. British Central Bank expands program to increase money supply, shows caution about recoveryLONDON — The Bank of England surprised markets on Thursday with a significant expansion of its program to boost the money supply and support growth, even as it and the European Central Bank kept official interest rates steady at record lows. Alpha transforms itself into nation’s No. 3 coal producer with takeover of rival FoundationCHARLESTON, W.Va. — Alpha Natural Resources completed the takeover of rival Foundation Coal Holdings on Friday, winning shareholder approval of a deal that creates a national power out of two regional players even as the recession hammers energy demand. Goodyear says it lost $221 million in 2Q as sales fell 25 percentCLEVELAND — Goodyear Tire & Rubber reported a $221 million loss in the second quarter on Thursday as U.S. auto industry upheaval and the global recession cut sales 25 percent from a year ago. Investigators find questionable payments, missing paperwork in probe of Iraq construction workWASHINGTON — In Iraq, even the successful reconstruction projects aren’t trouble-free. Clinton to lead talks with Asian partners on possible incentives for North Korea to end nukesPHUKET, Thailand — U.S. Secretary of State Hillary Rodham Clinton urged Asian nations Thursday to vigorously enforce the latest U.N. sanctions against North Korea. She said Washington would pursue “every avenue” to denuclearize the Korean peninsula. China promises solar power subsidies in effort to develop clean energy industryBEIJING — China’s government says it will pay up to 70 percent of the price of new solar power systems in an effort to speed development of clean energy industries. Debate about bailout for struggling lender CIT shows cracks on path to financial stabilityWASHINGTON — With banks repaying bailout money, credit markets beginning to flow and Goldman Sachs posting stunning profits, the financial sector would appear to be stabilizing. But CIT Group Inc., one of the nation’s largest lenders to small- and mid-sized businesses, teeters on the brink of collapse. Yamaha focuses on bike-touring culture to push salesNEW DELHI - With television shows like MTV Roadies promoting the culture of touring on motorcycles, Yamaha India is planning to cash in on the trend and organise rallies to push sales. Top UN climate official to AP: G-8 should help poor countries now with global warmingAMSTERDAM — Developing countries need money now to grapple with global warming, and the Group of Eight summit this week could energize troubled climate negotiations if it decided to make “significant” funds available, the top U.N. climate official said Monday. Panjab University hails budgetary grantCHANDIGARH - The faculty and students of Panjab University, where Prime Minister Manmohan Singh was both a student and a teacher, Monday hailed the budgetary grant of Rs.50 crore (Rs.500 million) to the cash-starved institution. UK man makes up kidnap story to avoid wife’s naggingLONDON - A man, who was weary of his wife’s nagging, made up a story that he had been kidnapped at knifepoint as he dared not tell her he had been to the bookies. Schwarzenegger declares fiscal emergency in California, orders offices closed 3 days a monthSACRAMENTO — Gov. Arnold Schwarzenegger has declared a fiscal emergency to address California’s deficit and has ordered state offices closed three days a month to save cash. Gangster’s cash found in car driven by Thai policemenBANGKOK - Thai police discovered about 10 million baht ($290,000) in cash hidden in the doors of a car belonging to an alleged drug trafficker which had been impounded and driven by officers for the past two years, media reports said Wednesday. Fizzling budgets, lack of sponsors dim July Fourth fireworks displays in some US communitiesLack of bucks means less bang this July Fourth for many cash-strapped cities. Former Greek Siemens executive accused of corruption arrested in GermanyMUNICH — A former senior executive of industrial conglomerate Siemens AG who faces money laundering and bribery charges in Greece was arrested in Germany on Thursday, prosecutors said. Feds charge 53 for Medicare fraud in Detroit and MiamiWASHINGTON — Federal authorities indicted 53 people on Wednesday for schemes to cheat Medicare out of $50 million. BSP-HJC combine will win Haryana assembly polls: BishnoiCHANDIGARH - Haryana Janhit Congress (HJC) chief Kuldeep Bishnoi Wednesday said his party’s alliance with the Bahujan Samaj Party (BSP) will win in the next assembly elections due in February. Government plans bailout package for Air IndiaNEW DELHI - Civil Aviation Minister Praful Patel Wednesday said the government would support and help bail out the loss-making national carrier Air India, but stopped short of spelling out the size or nature of the package. Police find no clues to Rs.2.5 mn robbery in AgraAGRA - A day after Rs.2.5 million were looted by three men from a petrol station owner, who was shot in the leg for resisting the robbery, police here said Tuesday that they were clueless about who had committed the crime. Auto parts suppliers survive with government and automaker help, but more trouble in sightDETROIT — Government aid and timely payments by General Motors, Ford and Chrysler have held off the predicted collapse of the nation’s auto parts supply base, but industry officials say more bankruptcies are coming as the effects of Detroit’s temporary factory closures continue to ripple through the economy. US, South Korea reportedly pinpoint 11 sites of possible nuclear tests by North KoreaSEOUL, South Korea — The U.S. and South Korea have pinpointed 11 underground sites in North Korea where it could conduct a third nuclear test, a newspaper reported Monday ahead of a summit between the two allies on the communist regime’s growing atomic threat. Businessman, wife arrested for Rs.10 bn fraud in Delhi (Third Lead)NEW DELHI - Businessman Subhash Aggarwal and wife Snehlata, accused of Rs.10 billion fraud and duping a large number of investors driven by the desire to get rich quick, were arrested and brought to a court here Saturday, police said. Bharti Wal-Mart opens its first cash and carry store in AmritsarAMRITSAR - With the Government allowing Foreign Direct Investment (FDI) in wholesale retailing, Bharti Wal-Mart private limited, the joint venture between Bharti enterprises and Wal-Mart has opened its first cash-and-carry store-in Amritsar. |
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