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Thousands in shelters after flooding

FENTON, MO.

Americans in the flood-weary U.S. Midwest are fighting to save homes and businesses from rivers that spilled over their banks after rainstorms moved through the region. Thousands of people from Ohio through Arkansas are staying in shelters or with relatives after being displaced by the Meramec River in eastern Missouri and in southeast Missouri, where the Black River breached several levees.

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Ont. budget needs business tax cuts to boost Canada's economic engine: Flaherty

TORONTO - With Ontario's budget already committed to ink and paper for Tuesday's release, federal Finance Minister Jim Flaherty delivered yet another instalment Monday in his campaign to push business tax cuts onto the provincial agenda as a way to boost Canada's faltering economic engine. . more

Business tax break bill passes Senate

A Senate committee has passed a bill to gradually eliminate as much $120 million annually in taxes on business equipment.

The Senate State Affairs Committee voted 5 to 4 today to phase out the tax over five years as long as the state general fund grows by five percent each year. By 2015, the tax would be eliminated no matter what.

Supporters say the bill isn't perfect but can be adjusted in future years since the phase out is gradual.

Idaho companies have been calling for elimination of the tax for years, saying it's hard to calculate and unfair.

The proposal would require the state to reimburse local governments for the lost property tax revenue.

Counties and school districts oppose the bill because it would force them to rely on state payments that are capped and reduce bonding capacity. more

Big crowd expected for business women's forum

In an effort to provide Carlisle area women with more professional development opportunities, the Greater Carlisle Area Chamber of Commerce created a business women's forum 14 years ago.The program was so popular in Carlisle the first five years that organizers decided to combine with the Harrisburg Regional and West Shore chambers for a regional forum.Attendance numbers have soared ever since � growing from 150-175 women to about 1,000 � prompting relocation last year to the Pennsylvania Farm Show Complex & Expo Center in Harrisburg."It's just a great opportunity to make new contacts with other attendees," said Michelle Crowley, president of the Greater Carlisle Area Chamber of Commerce.Women attend the forum because it's a day of leadership and development, she explained. It also provides them a chance to visit with the nearly 150 exhibitors on hand as well as solicit business tips and new sales leads. more

Phillips-Van Heusen 4th-Quarter Profit Grows on Calvin Klein Licensing Business

NEW YORK (AP) - Apparel maker Phillips-Van Heusen Corp. said Monday its fourth quarter profit climbed 13 percent, helped by revenue and profit growth in its Calvin Klein licensing business.

For the quarter ended Feb. 3, net income jumped to $30.3 million, or 55 cents per share, from $26.8 million, or 47 cents per share, in the prior-year quarter.

Analysts polled by Thomson Financial expected profit of 53 cents per share.

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