With Signs Of Resistance Continuing, Myanmar Offers Rare Concessions Myanmar’s iron-fisted military junta has been put on the defensive by an unusual campaign of public protests over the past three weeks.... Read Full Article A Saudi Prince Tied To Bush Is Sounding Off-Key Prince Bandar bin Sultan may no longer be an unerring beacon of Saudi intent, U.S. officials say.... Read Full Article Alaska Suit Against Lilly Is Settled The prospect of a pending Supreme Court case that could sweep away many lawsuits against drug companies loomed over Alaska’s $15 million settlement with Eli Lilly.... Read Full Article Purge Victims Are Recalled <b>MOSCOW</b> Relatives of victims of purges by the Soviet leader Joseph Stalin gathered in the Russian capital to commemorate their loved ones and demand compensation from the autho... Read Full Article Got That Morbid Feline? Death’s A Whisker Away Oscar the cat makes his grand entrances just as life is about to leave.... Read Full Article |
Cooperative NewsWhen Bankers Fear to ActIn financial crises of the past, financial chiefs have managed to find a cooperative way to turn things around. These days, they seem afraid to do anything.Read Full Article National Briefing | West: California: Ruling Against Marijuana ClubsA federal appeals court in San Francisco upheld an 2002 injunction barring three California marijuana clubs from giving the drug to medical patients with a prescription. The ruling by judges on the United States Court of Appeals for the Ninth Circuit sided with the Justice Department, which first sued the dispensaries in 1998 to stop sales of medical marijuana to patients with a doctor’s approval, as allowed under a California law approved by voters in 1996. The law has been at the heart of a series of legal battles over state and federal drug laws, which categorize marijuana as illegal. The ruling was likely the last legal recourse for the clubs. In 2001, the United States Supreme Court heard the case and ruled against the California cooperatives.Read Full Article Buyout group threatens to walk away from Northern Rock bid plansA war of words broke out last night between bidders for Northern Rock as JC Flowers threatened to drop its bid plans for the stricken mortgage bank unless the Treasury agrees to immediate talks.<br/> <br/> Sources close to the American buy-out group said it had been trying all week to contact Treasury officials but claimed that so far it had been snubbed. “We expect to hear something,” one source said. “Effectively we want to move into an accelerated process alongside or instead of Virgin. We are in a position to reach agreement prior to Christmas with the required cooperation.”<br/> <br/> Northern Rock granted preferred bidder status to Sir Richard Branson’s Virgin Group at the beginning of last week but since then other bidders have reacted with outrage to Virgin’s preferential treatment and have rushed to put alternative proposals on the table.<br/> <br/> One source close to Virgin said: “Who are JC Flowers anyway?”<br/> <br/> City sources said one of the main reasons for choosing Virgin was to capitalise on the strength of the brand and use it to help to expand Rock’s retail deposit base.<br/> <br/> “I don’t see how Flowers solves the branding and deposits issue and without that, I don’t think it flies.”<br/> <br/> But the US private equity group is determined to stay in the running and yesterday said it was prepared to retain Northern Rock’s stock market listing so that shareholders can benefit from any recovery. The US firm was thought to be less favoured because it planned to take Northern Rock private via a prepackaged bankruptcy that left shareholders with nothing.<br/> <br/> A source close to JC Flowers said: “We are prepared to offer some form of continued participation for shareholders, which would allow them to benefit from Flowers’ track record in turnaround situations.”<br/> <br/> The Treasury, Bank of England and regulators at the Financial Services Authority are working with Bryan Sanderson, Northern Rock’s chairman, on a sale of the crisis-hit Tyneside lender, which has been in freefall since being forced to seek emergency funding from the central bank in mid-September.<br/> <br/> Northern Rock scaled back its unsecured lending further yesterday as it withdrew its Eskimo Loans brand and stopped offering its Visa credit card, funded by the Cooperative Bank, to new customers. Last week Northern Rock raised interest rates on its branded loans by 2 per cent.<br/> <br/> Rock shares have rallied in recent days amid stakebuilding by SRM Global and RAB Capital, the hedge funds, which are determined to ensure that shareholders are not wiped out.<br/> <br/> The embattled lender owes the Bank of England almost £30 billion. Its shares closed 1.3p higher at 118p yesterday.<br/> <br/> Rivals have accused the Treasury of refusing to cooperate with potential counter-bidders. But the Treasury said: “We stand ready to have discussions with any bidder that meets the principles that we have set out.”<br/> <br/> One source close to Northern Rock said the bank was spending “overwhelmingly more time with Virgin than with anyone else” but emphasised that conversations with other bidders were continuing and that none of them had been disqualified. Virgin has been given preferred, not exclusive, bidding status, the source said.<br/> <br/> Virgin has enlisted Citigroup, Royal Bank of Scotland and Deutsche Bank to provide it with £15 billion of liquidity but one source close to the banks said they were still a long way from formally signing up to provide the financing arrangements.<br/> <br/> The banks plan to spend several weeks in detailed discussions with the tripartite regulatory authorities to try to reach agreement on how to divide up Rock’s assets to provide all parties with enough collateral for their loans.Read Full Article Pushing the Traditional Toward New DestinationsThe interplay was congenial, cooperative and briskly confident at Bargemusic on Thursday during the first of two sets by the guitarist Howard Alden and the clarinetist and tenor saxophonist Ken Peplowski.Read Full Article Observatory: Birds Band Together to Raise Offspring in Dire TimesA new study shows that climate uncertainty has influenced the evolution of cooperative behavoir in African starlings.Read Full Article External News for: cooperativeAEP subsidiary to buy La. cooperative - The Associated PressAEP subsidiary to buy La. cooperativeThe Associated PressA subsidiary of power generator American Electric Power plans to buy a Louisiana electric cooperative for $94 million in a deal expected to save the ...American Electric Power's SWEPCO To Buy T&D Assets Of Valley Electric ...RTT NewsSWEPCO to Purchase Valley Electric Membership Corporation AssetsPR Newswire (press release)all 94 news articles »AEP subsidiary to buy La. cooperative - The Associated PressAEP subsidiary to buy La. cooperativeThe Associated PressA subsidiary of power generator American Electric Power plans to buy a Louisiana electric cooperative for $94 million in a deal expected to save the ...American Electric Power's SWEPCO To Buy T&D Assets Of Valley Electric ...RTT NewsSWEPCO to Purchase Valley Electric Membership Corporation AssetsPR Newswire (press release)all 94 news articles »Taking on the NY Times - Sydney Morning HeraldGawkerTaking on the NY TimesSydney Morning HeraldThe cooperative, with $US500,000 in seed money from the John D. and Catherine T. MacArthur Foundation, follows similar efforts around the country. ...The Fallacy Behind Efforts to Save 'Public Service Journalism'GawkerThe Times to Begin Chicago Edition on FridayNew York Times'NYT' To Launch Chicago 'Report' on Friday -- Working with CooperativeEditor & Publishereditorsweblog.org (blog) -WELT ONLINE -Earthtimes (press release)all 37 news articles »AEP subsidiary to buy La. cooperative - The Associated PressAEP subsidiary to buy La. cooperativeThe Associated PressA subsidiary of power generator American Electric Power plans to buy a Louisiana electric cooperative for $94 million in a deal expected to save the ...American Electric Power's SWEPCO To Buy T&D Assets Of Valley Electric ...RTT NewsSWEPCO to Purchase Valley Electric Membership Corporation AssetsPR Newswire (press release)all 94 news articles »Taking on the NY Times - Sydney Morning HeraldGawkerTaking on the NY TimesSydney Morning HeraldThe cooperative, with $US500,000 in seed money from the John D. and Catherine T. MacArthur Foundation, follows similar efforts around the country. ...The Fallacy Behind Efforts to Save 'Public Service Journalism'GawkerThe Times to Begin Chicago Edition on FridayNew York Times'NYT' To Launch Chicago 'Report' on Friday -- Working with CooperativeEditor & Publishereditorsweblog.org (blog) -WELT ONLINE -Earthtimes (press release)all 37 news articles »AEP adding customers in Louisiana - Bizjournals.comAEP adding customers in LouisianaBizjournals.comAmerican Electric Power Company Inc.'s southwestern US subsidiary is looking to add 30000 customers through the acquisition of a utility cooperative's ...and more » |
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