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Rio to offload US packaging business

MAJOR miner Rio Tinto has appointed an investment bank to find a buyer for its $US5 billion packaging business, newspaper reports say.

The packaging business was acquired last year, after Rio Tinto was successful in its takeover bid for Alcan, Canada's largest aluminium company. The offloading of the packaging business was part of the $US38.1 billion ($42.49 billion) takeover when it was announced in July last year. The UK's Daily Telegraph newspaper said Rio Tinto had appointed investment bank Morgan Stanley to find a new buyer for the business. It said a deal to offload the packaging arm broke down late last year after the global credit crunch made it difficult for private equity buyers to raise the necessary funds to complete the transaction. Morgan Stanley was likely to break up the packaging business "in an effort to make it easier for private equity buyers to carry out a deal", the newspaper said, quoting sources within the industry. more

Business Degree Key to Success as Your Own Boss

(ARA) - You've always dreamed of working for yourself, but scary statistics about the number of start-ups that fail in their first year have kept you behind your desk, pushing paper for someone else's profit. Yet there are a number of ways to stack the deck in favor of success when you're ready to strike out on your own, starting with getting a business degree."Research has suggested important links between education and . . . entrepreneurial performance," according to a U.S. Small Business Administration study. Author Scott Shane, a Case Western Reserve University professor of entrepreneurial studies, also sees a strong link between education and entrepreneurial success. In his book "The Illusions of Entrepreneurship," Shane asserts that a degree increases an entrepreneur's chances of success, according to a recent report in U.S. more

Britney Spears - Spears Brother To Mind Britneys Business

BRITNEY SPEARS' brother BRYAN is heading to court in a bid to seize control of the singer's businesses. Bryan Spears, 30, and attorney Ivan Taback were named co-trustees of Britney's trust fund after the Toxic star suffered a mental meltdown earlier this year (08). They want to ensure all Britney's businesses fall into their ownership as part of the co-trustee deal. The account already holds most of her financial assets but her companies' interests were not automatically transferred. Bryan and Taback are taking their challenge to Los Angeles Supreme Court on 17 April (08). If successful, Britney's SJB account will be the confirmed owner of such companies as Britney Brands Inc., Britney Films Ltd., Britney Online Inc., Britney Television LLC and Fairy Zone Productions. The co-trustees fear some of Britney's companies need urgent attention - in terms of unpaid tax bills, litigating matters and ongoing business requirements - insisting ownership must be established. more

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Business Loan Opportunity Payday

In recent months, conservative economists and editorialists have tried to pin the blame for the unholy international financial mess on subprime lending and subprime borrowers. If bureaucrats and social activists hadn't pressured firms to lend to the ...

A Risk Worth Taking - Newsweek

Please register to gain free access to WSJ tools. An account already exists for the email address entered. Merck has taken a big step toward doling out $4.85 billion to settle lots and lots of Vioxx lawsuits. The drug maker said this morning that it ...

Register for FREE - Wall Street Journal

The Dayton area will lost most of its clout in the state legislature next year because of term limits. I did a column on Sunday, Nov. 23 in the Dayton Daily News on what’s going to happen next year but here’s the short version. House Speaker Jon ...

November 2008 - Dayton Daily News

That is just one issue on his background. I find it interesting that two Wits have been sent to the US Supreme Court ... one from PA and one from New Jersey on the background issue. It isnt lame and serious ramifications do exist if the background ...

'Sassy' Elisabeth Hasselbeck believes in Maverick Sarah Palin - Popwatch

"The Realtors are reporting that foreclosure sales - that is distress sales being foreclosures or short sales - have risen from what they thought was 35% to 40% of all existing home sales, now they are saying it is 45% of all existing home sales ...

Viewing all entries for: November 2008 - Economist.com

The Washington Wizards have fired Coach Eddie Jordan. Jordan was informed of the decision this morning, according to the Washington Post. Ed Tapscott, who had carried the title of Director of Player Development but traveled with the team and ...

NBA News - Hoop Vibes

Most low-, moderate-income consumers say its elimination did not affect them Good riddance to payday lending. That's the bottom-line message of a consumer survey commissioned by the N.C. Office of the Commissioner of Banks in the wake of the state's ...

Survey: Payday lending not missed - Raleigh News & Observer

CINCINNATI -- The payday loan industry - stung at the Ohio ballot box with a strict new law - is looking for other ways to do business, prompting consumer advocates to worry that lenders are finding a way around the election results. Lenders are ...

Defeated in Ohio, payday lenders look for options - Miami Herald

M elissa Ross is a disciplined, upbeat woman with a rewarding career and family. She shares her philosophy in her e-mail sign-off, quoting the writer-scholar Joseph Campbell: ``Live with passion!'' With a master's degree in public health and an ...

Money Makeover: Helping a single mom flex her financial muscle - Miami Herald

Darnell Deans Sr. spends $21 every other week to cash his paycheck because he does not have a bank account. The 52-year-old North Philadelphia resident says he thinks banks are a hassle. "When you open up an account, you have to have a certain kind ...

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Resolved Question: Do you think its funny when McCain supporters still say they dont know what Obama's change is?

Here comes all the "empty suit" references from the rightwing mouthbreathing, knuckledragging squad. John McCain/Bush stands for a third term of the disasterous Bush administration, the guy should be stuffed and mounted and put in a museum somewhere in South Carolina. Here are some of Senator Barack Obama's positions: Opposed the Iraq war from the start. Voted to end the war in Iraq. Supports capturing and killing Osama Bin Laden. Favors a $1000 tax cut for every working American family. Will implement tax form simplification to reduce filing time. Provide tax credit for all middle class homeowners. Provide a tax cut for all families making less than $75,000 a year. Amend NAFTA to protect American workers. Amend NAFTA to strengthen environmental protections. Providing Flex Ed training accounts for workers. Extending Trade Adjustment assistance to service workers. Supported Patriot Employer Act of 2007 that gives tax credits to large companies that keep workers here in America. Double funds for basic federal research. Implement a long term research and development tax credit. Invest in green technologies. Reduce carbon emission gases. Tackle the challenges of global warming. Create an energy focused youth jobs program. Create Federal Renewable Portfolio Standard. Extend the Production Tax Credit. Expand Broadband into every community. Keep the Internet tax free. Expand high speed internet access in rural areas. Fight for passage of Employee Free Choice Act. Ensure freedom to unionize. Would overturn "Kentucky River" classifications of Bush's NLRB Protect rights of striking workers. Increase the mininum wage to index it to inflation. Crack down on predatory lenders. Provide a universal mortgage tax credit for homeowners who don't itemize. Sign the Stop Fraud Act to prevent lending fraud. Mandate accurate loan disclosure. Create a fund to protect people from foreclosures. Close the bankruptcy loophole for mortgage companies. Establish a credit card rating to improve disclosure. Ban utilateral credit card charges. Apply interest rate only to future debt. Prohibit credit card interest on fees. Prohibit Universal defaults. Require prompt and fair crediting of cardholder payments. Protect working people from unfair bankruptcy laws. Ban executive bonuses for bankruptcy companies. REquire disclosure of pension investments. Cap outlandandish interest rates on payday loans. Implement legislation to drive unscrupulous lenders out of business Create a bankruptcy exemption for people that went broke because of medical bills. Double funding for after school programs. Extend Family and Medical Leave Act. Encourage states to adopt Paid leave. Expand the Child Care Tax Credit Supports ratification of UN Convention Rights of Persons With Disabilities. Supports independent, community based living for people with disabilities. Expand educational opportunites for people with disabilities. Expand job opportunities for people with disabilities. Strengthen civil rights enforcement. Sign into law the Fair Pay Act. Sign law reversing recent SCOTUS rulings that permitted discrimination against women. Sign law reversing recent SCOTUS rulings that permitted discrimination against racial minorities. Strengthen federal hate crimes legislation. Eliminate the sentence disparities regarding crack cocaines. Establish drug courts for first time, non violent offenders. Create a prison to work incentive for those transitioning back into society. Passed a law to prohibit the practice of racial profiling. Supported reauthorizing the Voting Rights Act. Opposes all discriminatory barriers to voting. Helped reform death penalty system in Illinois to protect innocent people on death row. Voted to ban cluster bombs. Provide high quality affordable child care to families. Will quadrulple Early Head Start funding. Will increase Head Start funding. Creates early learning challenge grants. Abolish overly rigid teach to the test curriculum in schools. Improve accountability in public schools. Invest in intervention strategies to reduce dropout rates in schools. Increase funding for afterschool programs. Supports Step Up program to increase summer learning opportunities. Support English language learner programs. Expand college outreach programs. Create teacher service scholarships. Requires all public schools to be accredited. Create teacher residency programs. Create the American Opportunity Tax Credit for higher education. Streamline financial aid application. Introduced legislation to increase Pell Grant to $5,100. Reduce carbon emissions by 80% by 2050. Confront deforestation. Promote carbon sequestration. Accelerate commercialization of plug in hybrids. Promote development of commercial scale renewable energy. Invest in low emission coal plants. Transition to new electric digit grid. Double science funding for clean energy products. Create Green Jobs Cor more

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