News money 2008-03-22 Andanh.com

Industry puts Mobile economy on rise Thu, 20 Mar 2008 23:41:00 CST
MOBILE -- Alabama's port city lost some 16,000 jobs in the late 1960s when the government closed Brookley Air Force Base, an economic blow to a historic city proud of its giant live oaks and quiet Southern charm.

Riley plans trade missions to China, South America Thu, 20 Mar 2008 23:40:00 CST
Gov. Bob Riley will lead trade missions this spring to China and South America in hopes of boosting Alabama's record exports.

Grocery prices edge higher Thu, 20 Mar 2008 23:40:00 CST
Alabama grocery prices were up slightly this month, but the cost of a 20-item food basket is 7.7 percent higher than last March.

Some have a 2004 refund waiting Thu, 20 Mar 2008 23:41:00 CST
Unclaimed refunds totaling approximately $16 million are awaiting nearly 21,000 Alabamians who failed to file a federal income tax return for 2004, the Internal Revenue Service announced.

Written document required to deduct charitable donations Thu, 20 Mar 2008 23:41:00 CST
Starting in 2007, to deduct any charitable donation of money, taxpayers must have a bank record or a written communication from the recipient showing the name of the organization and the date and amount of the contribution.

Guitar company sues retailers over 'Guitar Hero' video game Thu, 20 Mar 2008 23:40:00 CST
NASHVILLE, Tenn. -- Gibson Guitar Corp. on Thursday sued Wal-Mart Stores Inc. and five other major retailers that sell the Activision "Guitar Hero" game, claiming it violates a patent it holds.

Allstate insurance agent earns new title Fri, 21 Mar 2008 11:11:46 CDT
Gay Blackwell, an Allstate insurance agent in Jacksonville, has earned the 'Personal Financial Representative' title. Blackwell will now be able to provide customers variable annuity, variable life and mutual fund products, in addition to auto, homeowner and traditional life insurance products.

C&G Boat Works adds 150 jobs Fri, 21 Mar 2008 11:11:46 CDT
MOBILE — A shipyard on Mobile's Blakeley Island, with orders lining up, plans to add as many as 150 new jobs in the next three years that would pay an average of $52,000 a year.

Mobile's industrial scores help economy Fri, 21 Mar 2008 11:11:46 CDT
MOBILE — Alabama's port city lost some 16,000 jobs in the late 1960s when the government closed Brookley Air Force base, an economic blow to a historic city proud of its giant live oaks and quiet Southern charm.

Banks remain wary of home loans, impose strict standards Fri, 21 Mar 2008 11:11:46 CDT
WASHINGTON — Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow — even for those with good credit.

Coal joins oil in new energy crisis Fri, 21 Mar 2008 11:11:46 CDT
WASHINGTON — Long considered an abundant, reliable and relatively cheap source of energy, coal is suddenly in short supply and high demand worldwide.

Briefcase Fri, 21 Mar 2008 11:11:46 CDT
Lee London, Bonnie Schroeder and Doug Huie, associates at AXA Advisors in Anniston, were recently honored at the company's award ceremony for its Southeast Marketing Center.

Alabama poised to become major player in world economy Fri, 14 Mar 2008 22:59:00 EST
Humphrey Lee is convinced that Northwest-Shoals Community College will continue providing assistance to manufacturers who move into northwest Alabama.

Financial Report Fri, 14 Mar 2008 22:59:00 EST

Health ratings Fri, 14 Mar 2008 22:57:00 EST
The following businesses were inspected by the Alabama Department of Public Health before March 7. Scores are based on a 100-point system.

Focus on technology fundamentals Fri, 14 Mar 2008 22:57:00 EST
This is the seventh article in a series dealing with small business fundamentals, and this one is about technology.

Public Health Risk Seen as Parents Reject Vaccines
In an unusual outbreak of measles in San Diego, 12 children fell ill; nine of them had not been inoculated against the virus because their parents objected.

Palm and #x2019;s Revenue Declines 24%
Palm Inc., which makes the Treo smartphone, fell short of Wall Street expectations Thursday as it reported a 24 percent drop in third-quarter revenue.

High-Profile Trial Lawyer Agrees to Guilty Plea
Melvyn I. Weiss #x2019;s plea is an acknowledgment of his role in a scheme to make hidden side payments to plaintiffs in class-action lawsuits.

State Known as Anti-Tax Hears Calls for Reform
In New Hampshire, which has neither a state income tax nor a sales tax, a growing movement aims to shift the tax burden away from homeowners.

Slump Moves From Wall St. to Main St.
The economic downturn is seeping into new parts of the country, to communities that seemed insulated only months ago.

Opposition Leads Bain to Call Off 3Com Deal
Bain said Thursday it was ending its agreement with China #x2019;s biggest network equipment maker, Huawei Technologies, to buy the 3Com Corporation.

CIT Taps Credit Lines and Talks of Asset Sales
The century-old company that lends money to small businesses and midsize corporations on Thursday was forced to draw on $7.3 billion of emergency bank credit lines.

Verizon and AT and amp;T Win Big in Auction of Spectrum
Although the win headed off new competition that could have led to lower prices for consumers, consumers can expect more choices in devices and services.

On the job with Donna Gray
Age: 51

Former Brocade Official Sentenced in Backdating Case
The former human resources chief of Brocade Communications Systems was sentenced to four months in prison for her role in a stock options backdating scheme.

F.C.C. Bans Exclusive Phone Deals for Apartments
The F.C.C. unanimously approved a rule banning exclusive telephone service agreements in apartment buildings, giving tenants their pick of providers.

A Break for Freddie and Fannie
The regulator of Fannie Mae and Freddie Mac eased capital rules in an effort to calm the housing market.

States and #x2019; Battles Over Energy Grow Fiercer With U.S. in a Policy Gridlock
In the absence of clear federal emissions mandates, states that have been proving grounds for new environmental approaches to energy are becoming battlegrounds as well.

Commodities: Latest Boom, Plentiful Risk
The booming commodities market offers some weaknesses that are impairing regulators #x2019; ability to protect investors.

Idaho Turns to Chess as Education Strategy
Idaho officials plan to make their state the first to offer a statewide chess curriculum as part of a pilot program for second and third graders.

At Bear Stearns, Meet the New Boss
James Dimon, the chairman and chief executive of JPMorgan Chase, attempted to win over executives at Bear Stearns who have vowed to fight his offer.

Dismal Year Is Forecast for Car Sales
The gloomy outlook #x2014; reflecting credit turmoil, the housing crisis and the softening economy #x2014; will probably lead to more production cuts by car companies.

No Deal in 3Com Negotiations
The network equipment maker 3Com said that it had not yet reached a new merger agreement with its proposed buyers, Bain Capital Partners and Huawei Technologies.

For Top Medical Students, an Attractive Field
Two specialties concerned with physical appearance are among the most competitive residency programs.

Economy pushes adults back to parents' homes Sat, 22 Mar 2008 00:17:00 CST
MILWAUKEE -- After being laid off from her job as an events planner at an upscale resort, Jo Ann Bauer struggled financially. She worked at several lower-paying jobs, relocated to a new city and even declared bankruptcy.

Kia CEO gives up title, stays president Sat, 22 Mar 2008 00:11:00 CST
SEOUL, South Korea -- The son of the chairman of Hyundai Motor Co. stepped aside Friday from his role as chief executive at the company's Kia affiliate, an official said.

Floodplain experts form association Sat, 22 Mar 2008 00:10:00 CST
Floodplain experts in Alabama have formed The Alabama Association of Floodplain Managers, which will serve as a forum for professionals from across the state to review and analyze policies and regulations related to housing and commercial development in floodplain areas.

PetSmart sniffs out new trail Sat, 22 Mar 2008 00:11:00 CST
PHOENIX -- At a time when customers and Wall Street are more bottom-line focused than ever, the challenge for the country's largest pet-store chain is to give customers reasons to keep coming in.

Air Force prods Wall St. to choose coal-to-fuel plants Sat, 22 Mar 2008 00:10:00 CST
MALMSTROM AIR FORCE BASE, Mont. -- On a wind-swept air base near the Missouri River, the Air Force has launched an ambitious plan to wean itself from foreign oil by turning to a new and unlikely source: coal.

Court rules for paper mill Sat, 22 Mar 2008 00:10:00 CST
An Alabama appeals court ruled Friday that a state tax agency could not collect an additional $21 million in taxes from Kimberly-Clark Corp. and its subsidiary.

Review rules for deducting donated vehicles Sat, 22 Mar 2008 00:11:00 CST
If you donated a car or other vehicle to a qualified charitable organization in 2007 and intend to claim a deduction, you should review the special rules that apply to vehicle donations. You can deduct contributions to a charity only if you itemize deductions on Schedule A of Form 1040.

Corner of Finance Where Women Are Climbing
Women now manage 10 of the 50 largest university endowments and private foundations, compared with 4 a decade ago, and oversee a combined $60.6 billion.

The Thin Skin of Apple Fans
Introducing even a hint of negativity into a review or article will bring down the wrath of Apple #x2019;s most fanatical fans.

Time to Assess the Finances
Short of putting our heads in the sand and hoping all the bad financial news passes, what should we do with our own finances?

New Focus of Inquiry Into Bribes: Doctors
A long-running federal investigation into the orthopedic device industry #x2019;s suspected kickback payments to hip and knee surgeons now has the doctors in the spotlight.

Debt-Gorged British Start to Worry That the Party Is Ending
For most of the last decade, consumers in Britain went on a debt-financed spending spree, racking up a record #xA3;1.4 trillion in debt ($2.8 trillion) #x2014; more than the country #x2019;s gross domestic product.

Families of Iraq Captives Cling to a Grisly Find
Severed fingers delivered to the United States authorities in Iraq had been shown by DNA analysis to be those belonging to some of the missing.

Officials Close Steel Bridge in Minnesota After Bent Plates Are Found
The bridge #x2019;s problem is similar to the one believed to have critically weakened the Interstate 35W bridge that collapsed in Minneapolis in August.

Coping With Loss, Military Kin Also Struggle With a Windfall
Some relatives of service members killed in war take death benefits as an affront, while others are thrown off balance by a sudden infusion of $500,000.

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