WASHINGTON - A battle over cuts to popular federal programs like Medicaid and food stamps promises to intensify next week in the House despite relatively smooth sailing in the Senate.
A measure the Senate passed Thursday calls for mild cuts in the health care programs for the elderly, poor and disabled, while leaving the food stamp program untouched.
A House plan approved by a key c...
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Autonomy shareholders will be offered one new share at 256 pence for every two held. The rest of the financing comes from a term loan of $38 million, existing Verity cash reserves of $180 million and Autonomy's cash reserves of $10 million.
"This is an acquisition that is expected to create a strong undisputed global leader in the unstructured information management market," Autonomy's ...
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Submitted by admin on Fri, 2005-11-04 12:00.
LONDON (Reuters) - Britain's Autonomy Corp Plc agreed on Friday to buy U.S. peer Verity Inc for $500 million in cash to gain a dominant position in the information handling software market and boost earnings.
Autonomy said it was raising 153 million pounds via a fully-underwritten rights issue to help pay for Sunnyvale, California-based Verity which supplies search and process ma...
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Submitted by admin on Fri, 2005-11-04 12:00.
"We are not at all interested in a music service ourselves," Choi Gee-sung, president of Samsung's digital media business told reporters.
South Korean media earlier this week quoted Choi as saying the company planned such a service, remarks later confirmed by the company.
Choi on Thursday said there had been a misunderstanding of comments he made to Korean reporters late last week...
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Submitted by admin on Thu, 2005-11-03 12:00.
The Idaho Nonprofit Development Center, a statewide organization dedicated to building Idaho's non-profit sector through training, collaboration and public education, has received a $5,000 grant from the Wells Fargo Foundation.
The money will be used to assist non-profit community groups in their management practices and to raise awareness of the importance of the non-profit sector to Id...
Dear Annie: I need advice on how to stop my wife from continually digging us into a financial hole. She makes half my salary and spends like Donald Trump. She pays her car loan, personal credit cards, groceries and the phone bill. I pay for the rest. If I didn't, we'd have no heat, air conditioning or roof over our heads.
I just learned that my wife neglected some credit card bills, so ...
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Submitted by admin on Wed, 2005-11-02 12:00.
Royal & Sun reaches settlement with Wilmington Trust in US student loan case
LONDON (AFX) - Royal & Sun Alliance Insurance Group PLC said it has reached settlement with Wilmington Trust in the ongoing Student Finance Corp (SFC) litigation in the US.
RSA's US subsidiary Royal Indemnity Company (RIC) has been fighting since 2002 to avoid paying out up to 396 mln usd in student loan i...
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Submitted by admin on Wed, 2005-11-02 12:00.
Unionized workers at Citibank Korea Inc. carried out the announced one-day walkout yesterday, demanding that the bank remove discriminatory practices against former employees of KorAm Bank.
The lender's labor union said 2,900 union members, about two-thirds of the bank's entire staff, joined the walkout. A third of its 253 nationwide branches were closed as a one-day strike by unionized...
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Submitted by admin on Wed, 2005-11-02 12:00.
Dear Bruce: I opened a sizable money-market account at a local bank. A couple of months later, I noticed an ad in the paper from this same bank advertising a money-market account with a different title, with an interest rate of 1 percent more. I called the bank to see if my money-market account interest rate also was increased, and they said no. I have always thought that money market accounts ...
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Submitted by admin on Wed, 2005-11-02 12:00.
London shares up midmorning, bid talk lifts RSA, O2 slips on DT denial
LONDON (AFX) - The FTSE 100 remained higher midmorning as takeover speculation continued to lend support to shares, with RSA higher on talk of an AXA bid although denials of a counterbid from Deutsche Telekom dented O2, dealers said.
At 10.00 am, the FTSE 100 was up 9.4 points at 5,353.7, with the broader indice...
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Submitted by admin on Wed, 2005-11-02 12:00.
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