Shares surge on US bail out plan: related news

Shares surge on US bail-out plan

Wall Street shares have rebounded sharply after a proposed US government plan to buy billions of dollars of US banks' bad mortgage-related loans.

BrazAlta Announces Private Placement of US$18.6 Million in BCH Ltd. And Provides a BCH Operational Update

BrazAlta Resources Corp. ("BrazAlta" or the "Corporation") (TSX VENTURE:BRX) is pleased to announce that its oilfield services subsidiary, BCH Ltd. ("BCH"), has completed a non-brokered private placement (the "Financing") of 4,474,999 Common Shares of BCH Ltd. ("BCH Common Shares"), at a price of US$4.163 per BCH Common Share for aggregate gross proceeds of US$18,629,421. BrazAlta Resources Corp. acquired 2,282,249 BCH Common Shares and Allis-Chalmers Energy Inc. ("Allis-Chalmers") acquired 2,192,750 BCH Common Shares in the Financing. BCH intends to use the proceeds from the Financing to pay down intercompany debt to BrazAlta (US$7.4 million), interest to Allis-Chalmers with respect to the previously announced US$40 million subordinated convertible debenture (the "Debenture") (US$3.

US agrees to Wall Street bail-out

A leading US senator says both parties in Congress are in agreement on the outline of a $700bn (£380bn) bail-out plan to revive the finance sector.

Paulson says US bail-out working

The $700bn (£494bn) US bail-out package has already "clearly helped stabilise" the financial system, US Treasury Secretary Henry Paulson has said.

Australian Internet Filters Have No Real Opt-Out; Only Opt-In To Fewer Filters

We've covered the long history of Australian politicians looking to set up their own censored internet "to protect the children" (of course). The plans have changed over time, but the end goal has always been the same: to force ISPs to block a list of sites provided by the government. In the latest incarnation, the plan supposedly included an "opt-out" option, where a web surfer could specifically ask to opt-out of the filters (effectively asking someone to sign up for a "porn-surfing license"). That, on its own, might scare some people off, but now it turns out that the opt-out isn't really an opt-out. Instead, it's just opting you in to a somewhat less restrictive blacklist. Once again, this idea of mandatory filtering out of "bad" sites on the internet sets a dangerous precedent.

Open Range Energy Corp. Announces Normal Course Issuer Bid for Its Common Shares and Increase to Bank Lines

Open Range Energy Corp. ("Open Range" or the "Corporation") would like to announce that the Toronto Stock Exchange (TSX:ONR) has accepted its Notice of Intention to commence a Normal Course Issuer Bid (the "Bid") to purchase for cancellation, from time to time, as Open Range considers appropriate, up to a maximum of 1,366,662 Common Shares of the Corporation. The maximum number of Common shares to be purchased pursuant to the Bid represents 5% of the issued and outstanding Common Shares of the Corporation as of the date hereof, being 27,334,241 Common Shares. Purchases of Common Shares pursuant to the Bid will be made on the open market through the facilities of the TSX. The price which Open Range will pay for any Common Shares purchased will be the prevailing market price of the Common Shares on the TSX at the time of such purchase.

US rivals back bail-out package

US politicians have agreed the details of a $700bn Wall Street bail-out package to be sent to Congress for approval, a Republican negotiator says.

Gainey & McKenna Announces Analog Devices, Inc. 401(k) ERISA Class Action Litigation Update

NEW YORK, Oct. 10, 2008 (GLOBE NEWSWIRE) -- Gainey & McKenna and Squiteri & Fearon, LLP are counsel to the Plaintiff and the proposed class of all participants in the Analog Devices, Inc. (``ADI'') Investment Partnership Plan (the 401(k) ``Plan'') who purchased or held shares of Analog stock in the Plan at any time between October 5, 2000 and the present. They have filed a class action in the United States District Court for District of Massachusetts which arises from the options backdating at Analog and alleges that Analog and other fiduciaries of the Plan violated their fiduciary duties to the Plan's participants. The lawsuit alleges that Analog and certain individuals who were responsible for managing and administering the Plan failed to disclose important information to the participants of the Plan, including information about Analog'

RBS bail-out plan is approved

Shareholders in Royal Bank of Scotland approved a £20 billion bail-out plan which could put nearly 60% of the company in public hands.

House backs $700bn bail-out plan

The US House of Representatives has passed a $700bn (£394bn) government plan to rescue the US financial sector.

City revolt over bail-out as bank shares continue to tumble... leaving the Government with a £2.8bn paper loss

City revolt over bail-out as bank shares continue to tumble... leaving taxpayers with a £2.8bn paper loss ALREADY

US shares expected to open lower

US shares have fallen back slightly as investors wait for a key vote in the US Senate on a revised version of the $700bn (£380bn) bank rescue plan.

US govt may bail out troubled Citigroup

Global banking giant Citigroup has begun talks with the US government to rescue the bank after its shares plunged to a 15 year low on Friday – wiping out 50 per cent of its market value.

Shares mixed ahead of key US vote

US shares have fallen back slightly as investors wait for a key vote in the US Senate on a revised version of the $700bn (£380bn) bank rescue plan.

Shares rise ahead of key US vote

US shares are expected to open slightly lower ahead of a key vote in the US Senate on a revised version of the $700bn (£380bn) bank rescue plan.

RBS shareholders approve £20bn bail-out plan

Shareholders in Royal Bank of Scotland today approved a £20bn (€23.5bn) bail-out plan which could put nearly 60% of the company in public hands.

ACLU Creates Map of US "Constitution-Free Zone"

trackpick points out a recent ACLU initiative to publicize a recent expansion of authority claimed by the Border Patrol to stop and search individuals up to 100 miles from any US border. They have created a map of what they call the US Constitution-Free Zone. "Using data provided by the US Census Bureau, the ACLU has determined that nearly 2/3 of the entire US population (197.4 million people) live within 100 miles of the US land and coastal borders. The government is assuming extraordinary powers to stop and search individuals within this zone. This is not just about the border: This 'Constitution-Free Zone' includes most of the nation's largest metropolitan areas.'"

Evolva Subsidiary Signs $22.8 Million Antibacterial Contract with US Army Research Office, Builds Out US Operations

Evolva Subsidiary Signs $22.8 Million Antibacterial Contract with US Army Research Office, Builds Out US Operations

US stocks surge on rescue report

Leading US shares have surged, boosted by a report that the US government might announce a new plan that would help tackle the financial crisis.

Bush warning over bail-out delay

US President George Bush has warned politicians of 'painful' consequences after his bail-out plan was defeated.

Bank shares 'to be suspended' as Government hammers out ?35bn bail-out of RBS and HBOS

Banking shares could be suspended tomorrow while the Government agrees a £35billion lifeline for some of Britain's biggest banks

Bank shares set 'to be suspended' as Government hammers out ?35bn bail-out of RBS and HBOS

Banking shares could be suspended tomorrow while the Government agrees a £35billion lifeline for some of Britain's biggest banks

Wall Street bail-out goes to vote

The lower house of the US Congress has begun voting on a $700bn (£380bn) plan to bail out Wall Street.

How Paulson forced bail-out on the banks

There's some fascinating detail in today's Wall Street Journal on how US Treasury Secretary Hank Paulson strong-armed America's big banks into signing up for the bail-out plan.

Equifax to Change U.S. Retirement Plan and Offer Enhanced 401(k) Plan

today announced that it is redesigning its retirement program for active U.S. employees effective January 1, 2009. The changes will affect approximately 4,000 of the Company's approximately 7,000 employees. Equifax will freeze its qualified defined benefit pension plan for U.S. employees who do not meet certain grandfathering criteria for retirement eligible employees, and will provide these employees and certain other employees not eligible to participate in the Plan with an enhanced 401(k) savings plan. The pension plan amendments will freeze service credit, but will continue to credit for the participant's salary increases over time. Grandfathered employees will remain in the current pension and 401(k) plans. (Logo:

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