Business News Archive - September 13, 2009

SEATTLE, Sept. 13 /PRNewswire-FirstCall/ -- Alaska Airlines and Horizon Air today announced "Mystery Discounts," in which the carriers will offer a discount off fares to new destinations each day, for three consecutive days, starting at 12:01 a.m. Monday, Sept.

MILLVILLE, N.J., Sept. 13 /PRNewswire/ -- Less than 24 hours after one of the most exciting races of the season, the SCCA Pro Racing Volkswagen Jetta TDI Cup drivers returned to New Jersey Motorsports Park for the series' second race of the weekend.

Two Canadians have been banned from selling securities under a settlement in an alleged $8.9 million Ponzi scheme, officials say. The British Columbia Securities Commission revealed Friday that Kerry John O'Neill of Richmond, British Columbia, has been banned for life while Renee Marie Helmig of North Vancouver has been slapped with a 10-year ban, The Province, Vancouver, reported. Authorities say the pair enticed 943 people across North America to sink millions of dollars into their used merchandise business, to whom they allegedly promised returns 100 percent to 300 percent within three months, the newspaper said. But, when the pair couldn't deliver, the governments say they used a majority of the proceeds to pay off earlier investors of the Pay it Forward Program. The Province said O'Neill admitted to spending just under $1.1 million of investors' money to purchase merchandise, while much of the remainder went toward a struggling furniture business.

Wisconsin offered nearly $409 million in incentives in a failed bid to entice General Motors to build a new line of small cars in the state, documents show. More than 300 pages of documents released last week to the Milwaukee Journal Sentinel under the state's open records law indicate that state officials at one point upped their ante by $100 million to try to persuade the bankrupt automaker to make the cars at its now-shuttered SUV plant in Janesville, Wis., the newspaper reported Sunday. The offer reportedly included $213.14 million in concessions from United Auto Workers Local 95, $100 million in Enterprise Zone tax credits and $24 million in discounts from health insurers and providers. But Michigan ultimately won the plant with a broader incentive package worth $1 billion. Definitely, it's going to be a loss leader for them, Wisconsin Deputy Secretary of Commerce Aaron Olver told the Journal Sentinel.

MIAMI, Sept. 13 /PRNewswire-USNewswire/ -- Karl W. Miller, a senior energy executive and institutional investor, today issued the following statement through his advisor VBCC, regarding the state of the U.S. Equity Markets and the Energy Industry. Mr.

China pushed back against U.S.

U.S. President Barack Obama's speech Tuesday at the AFL-CIO convention comes amid a revival of labor optimism and spirit of empowerment, union officials say.

SINGAPORE, Sept. 14 /PRNewswire/ -- The outlook for the Southeast Asian market for construction chemicals looks optimistic, buoyed by government focus on infrastructure development.

Word of the Day
  • A hairdresser.
The word 'friseur' comes from French friseur, from friser ("to curl, frizz").