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When the Public Employees Insurance Agency announced that because it is on course to run up an $18 billion deficit, it would end its subsidy of retirement health benefits beginning with new hires, criticism was swift. When Gov. Manchin announced that ...

VANCOUVER, British Columbia--(BUSINESS WIRE)--As a result of a review by the British Columbia Securities Commission, Anglo Swiss Resources Inc. (the Company)(TSXV: ASW)(OTCBB: ASWRF)(BERLIN: AMO) is issuing the following news release to clarify some of

BOGOTA, COLOMBIA--(Marketwire - Aug. 5, 2009) - Petrominerales Ltd. ('Petrominerales' or the 'Company') (TSX:PMG), a 67% owned subsidiary of Petrobank Energy and Resources Ltd. (TSX:PBG), is pleased to announce second quarter financial and operating results highlighted by a 194% increase in production to 21,548 barrels of oil per day ('bopd') and a 20% increase in funds flow from operations to $64.1 million ($0.63 per share diluted). FINANCIAL & OPERATING RESULTS The following table provides a summary of Petrominerales' financial and operating results for the three and six months ended June 30, 2009 and 2008. Interim consolidated financial statements with Management's Discussion and Analysis ('MD&A') are available on the Company's website at www.petrominerales.com and will also be available on the SEDAR website at www.sedar.com.

The government has been accused of trying to suppress a report that found the Ministry of Defence is wasting billions of pounds every year as a result of ordering projects it cannot afford.The report, commissioned by former defence secretary John Hutton and led by ex-MoD aide Bernard Gray, found that the MoD is wasting between £1.5bn and £2.5bn per year. Its findings were due to have been published before MPs broke up for the summer recess but its release has been delayed, with the prime minister announcing last month that the report would now form part of a further defence review. An unnamed MoD official told Channel 4 News yesterday that Number 10 had 'panicked' at the findings of the report and intervened to prevent its publication.The programme said the MoD could only afford two-thirds of the defence equipment it was buying, forcing it to delay major projects, such as new aircraft carriers. It added that the report recommends holding a review of defence policy every parliament to h

CAIRNS, AUSTRALIA--(Marketwire - Aug. 5, 2009) - InterOil Corporation (NYSE:IOC) (POMSoX:IOC) announces financial results for the second quarter ending June 30, 2009. For the quarter, InterOil reported net income of $9.4 million (diluted $0.24 per share), $6.2 million less than the equivalent quarter in the prior year. Earnings before Interest, Taxes, Depreciation and Amortization(i) ('EBITDA') for the quarter totalled $17.9 million, a reduction of $9.5 million over 2008 second quarter EBITDA of $27.4 million. Second quarter 2008 results also included a $6.5 million gain on disposal of non-strategic oil and gas properties and a $3.7 million gain arising from an indirect participation interest investor's decision to waive its right to convert its working interest in certain wells into InterOil's shares.

...percent of total revenue: Direct and other distributors $ 5,826 44% $ 7,824 50% $12,381 44% $16,358 50% Toshiba 7,549 56 7,883 50 15,782 56 16,666 50 ----------- ----------- ----------- ----------- Total revenue $13,375 100% $15,707 100% ...

Business News: Candidates to be announced next Monday -- The outlook for SAG's presidential election remains murky.

WASHINGTON, Aug 5 (Reuters) - U.S. Senate Majority Leader Harry Reid announced an agreement with Republicans to vote on Thursday on the popular 'cash for clunkers' auto sales incentive bill.

House prices, factory output and service sector show signs of recoveryGordon Brown was given fresh cause for optimism today as a slew of new figures gave the clearest indication yet that the British economy is beginning to pull out of recession.The data showed unexpectedly strong signs of recovery in the housing, manufacturing and all-important services sectors, bucking almost two years of constant bad news on the economy which has badly damaged Labour's hopes of securing a fourth general election victory.The positive trend may be underlined at midday today when the Bank of England announces whether it will continue with its radical policy of pumping billions of pounds into the economy. A decision to pause the £125bn scheme, predicted by many in the City, would signal that the Bank believes the plan has succeeded in refloating the economy from the depths of its trough at the start of the year.Although the economy has shrunk in the past five quarters, today's figures and a week of impro

Shortly after City Manager Milton Dohoney announced a plan to cut 319 city jobs, Council members Chris Monzel and Leslie Ghiz called for a special session of Cincinnati City Council.