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Business bigwigs all aboard with Kerry’s Acela plan

Hub business leaders are embracing U.S. Sen. John F. Kerry’s plan to improve infrastructure along the high-speed Acela train’s northeast route allowing the bullet train to run full throttle.

"The rail service is very valuable to our members," said Jim Klocke, executive vice president of the Greater Boston Chamber of Commerce. "In European quarters, they have extremely fast trains, and the prospect of that here is very appealing."

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International demand lifts Manitowoc's profits The Business

The Manitowoc Co. Inc. reported higher profits for the second quarter, in part because of strong international demand for its construction cranes.

Manitowoc Co. (NYSE: MTW) reported net income Monday of $133.9 million, or $1.01 per share, for the second quarter, up 37 percent compared with $97.5 million, or 76 cents per share, for the same period a year ago.

Net sales for the Manitowoc-based manufacturer of construction cranes, lifting equipment, food services equipment and commercial ships increased 28 percent to $1.3 billion from $1 billion.

The company said operating earnings from its cranes segment jumped 39 percent because of higher demand for cranes in all of its geographic markets. Earnings from the food service equipment division grew 2 percent despite a dip in sales. more

Business needs pollution permits: Ridout

Some businesses must be given free "permits to pollute" under emissions trading, industry chief Heather Ridout says.

There is a robust debate taking place about whether businesses should be given free permits, or made to pay for their pollution when emissions trading kicks off in 2010.

Ms Ridout, chief executive of the Australian Industry Group, said export industries which used large amounts of electricity - such as steel, chemicals and cement - should be supported.

"It will have to be achieved through the permit arrangement, they'll have to be given free permits," she told ABC Television.

Exporters would have to compete with other nations which were not subject to emissions trading, she said.

And forcing Australian companies to pay to pollute could simply drive jobs overseas - an "exercise in total futility" from a greenhouse perspective, Ms Ridout said. more

Prineville Bancorp Second Quarter Earnings Report

Our loan portfolio reflects our confidence in local business and commercial clients who form the backbone of our Central Oregon Community. We continue to believe and invest in these relationships that we believe will ensure the future growth and success of our bank."

Freeman added, "In spite of the asset quality challenges, we experienced growth in customer relationships, loans and deposits in the second quarter of 2008. This growth is reflective of our community and customer focus. To take advantage of the opportunities in Central Oregon, during the second quarter we opened our eighth bank branch which is located in the Mill Quarter District in Bend, we established our Business Banking team to better service our larger deposit relationships and grow our deposit base, and we expanded our residential lending team."

Andy Phillips, Executive Vice President and Chief Credit Officer, added that, "Year-to-date provisions to the Allowance for Loan and Lease Loss (ALLL) total $546,000, with net credit losses charged against the ALLL year-to-date of $189,000. more

Recent How Much Does Business Insurance Cost News

Plan to live to be 100? Savings must last, too - CharlotteObserver.com

More of us will hit the century mark, which means that we have to start today to ensure that we have enough money to sustain us in that long retirement. Unfortunately, most people have no idea how much money retirement takes. "If a person retires at ...

Definition of rich varies by income, place - Denver Post

Economists now say much of the boom in the 2000s was financed by middle-class and wealthier consumers using rising home value as cash machines, taking on home-equity debt to pay for college and buy cars, boats, vacation condos and other luxuries. "

For mine inspector, tragedy led to misery - Salt Lake Tribune

Price » Federal mine inspector Frank Markosek risked his life in the summer of 2007 trying to rescue six trapped miners in the Crandall Canyon coal mine. For his efforts, he has endured 2½ years of physical and mental anguish from injuries suffered ...

To print this page, select "Print" from the File menu of your browser - Salon

But he does explain why Citibank's credit card business is ... expected to have relatively high cost, who buy individual coverage." That is to say, the legislation would not change the number of insured Americans or save much money, but it would make ...

Letters to the editor: Credit problems loom for U.S. - Erie Times-News

I got into a little money trouble last year. I was way over my head in debt, so I hired a financial consulting company to help me. They instructed me to get a couple of credit cards and max them out. That didn't make much sense to me but I did it ...

Leaders give their take on health care reform - Marietta Daily Journal

By KENNESAW - A group of Cobb leaders, including a United States Representative, a lawyer, a hospital executive, an economist and a doctor all gathered on Thursday evening to discuss the past and future of the nation's health care reform plans before ...

Act on health care reform - Bismarck Tribune

Obama to Jane Sterm (long version in context) and that is what you are hoping for???? I don't want it.. BLanger said on: February 20, 2010, 10:55 pm Dusty, dusty, dusty, The object of the discussion was the treatment of older people with respect to ...

From cell phones to school buses, city looks to save money - Eagle-Tribune

Whether it is cement or an office printer, we're looking at the possibility of regional bidding where we look at our fixed items to see if we can buy in bigger quantities for a lower cost." He has asked Capitol Waste to find a way to reduce the ...

Dem leaders unite on strategy to salvage Obama’s health care ... - The Gaea Times

WASHINGTON — Democratic congressional leaders are uniting around their last, best hope for salvaging President Barack Obama’s sweeping health care overhaul. Their plan is to pass the Senate bill with some changes to accommodate House Democrats ...

Cleveland Clinic chief on the business of health - CNN Money

(Fortune Magazine) -- Health-care reformers should study up on the Cleveland Clinic, and they know it. President Obama, who toured the clinic last July, has praised it for providing "the highest-quality care at costs well below the national norm." It ...

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