Finance news

Buffalo has beaten Baltimore, San Francisco and even, Norman, Okla.
No, not in a Buffalo Sabres or Buffalo Bills game.
But in a ranking for the top 400 sports cities in North America.
In the ranking, released this week by Sporting News – a sister publication of Business First – the Buffalo Niagara region finished as the 42nd […]

Filed under: money by Finance Boss
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Access to credit is the lifeblood of maritime trade and the credit crunch has largely cut off that supply, threatening to weed out weaker shippers and shipyards, as well as hamper global trade.
“The credit crisis has made banks nervous and the last thing on their minds is making fresh loans,” said Omar Nokta, an […]

Filed under: technology by Finance Boss
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U.S. President George W. Bush signed a $700 billion financial-market rescue plan into law, calling it a “decisive action to ease the credit crunch that is now threatening our economy.''
The bipartisan legislation was sent yesterday to Bush after it was approved by the House, reversing its Sept. 29 rejection of the measure, which […]

Filed under: term by Finance Boss
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U.S. securities regulators on Wednesday extended an emergency ban on short selling in more than 950 financial stocks to give Congress time to finish legislation to rescue the financial system.
The Securities and Exchange Commission said the ban would expire three business days after a $700 billion federal bailout bill was enacted, but would not […]

Filed under: business by Finance Boss
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The Jefferson County Commission voted Thursday to extend its forbearance agreements with bondholders and Wall Street creditors regarding its $3.2 billion sewer debt.
The vote was 3-2, with Jim Carns and Bobby Humphryes voting against it.
The forbearance this time will only last for a week – until Oct. 8, before Jefferson County has to pay.
Jefferson County […]

Filed under: management by Finance Boss
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