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Business News Archive - February 21, 2009

General Motors Corp., which is asking for U.S.

A Hershey Co. plant that made York Peppermint Patties and Jolly Rancher hard candies closed its doors Friday as the company transferred production to Mexico. The plant had operated in Reading since 1986.

--- Rebuilding Together Greater Los Angeles Becomes 12th Southern California Affiliate Working to Preserve Affordable Homeownership joining over 200 Affiliates Nationwide--- LOS ANGELES, Feb.

Nearly all of the Westfield Group's 55 U.S. shopping malls will open 30 minutes later and close 30 minutes earlier on weekdays, a spokeswoman says. Westfield Group spokeswoman Katy Dickey said about a third of the Australian company's U.S.

Oregon state regulators say they have moved to close the second state-chartered bank within a week. The state's Department of Consumer and Business Services Friday closed Silver Falls Bank of Silverton, Ore., which officials say had a loan portfolio filled with poor-performing construction and development loans, The Oregonian reported in Portland. Silver Falls was a 7-year-old institution with three branches and total assets of $131 million.

U.S. financial investigators allege trader Bernard L.

Authorities allege a Nigerian swindler working with conspirators in six countries convinced Citibank to wire him $27 million in one month. Paul Gabriel Amos, 37, allegedly created official-looking documents that convinced Citibank in New York to wtranfer the money in two dozen transactions last October, The New York Times reported Saturday. The money has been recovered and credited back to the Citibank account of the National Bank of Ethiopia, from which it was withdrawn, said an unnamed Citibank spokeswoman. Amos was arrested last month when he tried to enter the United States through Los Angeles, said documents in U.S.

Teamsters Joint Council 42 Hosts Forum for Hundreds of Teamster Veteran Volunteers LONG BEACH, Calif., Feb. 21 /PRNewswire-USNewswire/ -- Hundreds of Teamster union members and military veterans joined California legislators and city leaders today in Long Beach, Calif.

Stamps highlight NAACP's 100th Anniversary To see the stamps, visit this link: http://www.usps.com/communications/newsroom/2009/sr09_020.htm NEW YORK, Feb.

The Bank of Antigua has been seized by Caribbean regulators amid fraud accusations aimed at its owner, Allen Stanford, officials said. The Eastern Caribbean Central Bank said Friday it took control of the Bank of Antigua to prevent a run on it in the wake of civil fraud charges filed by the U.S.

Word of the Day
jument
  • A beast of burden; also, a beast in general.
'Jument' ultimately comes from the Latin 'jugum,' yoke.
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