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Daily Archives: December 30, 2008

When Old Man Winter arrives, life goes downhill in a big way

The New Year is knocking on our door—I can’t believe it’s 2009!—and the old year is all but history. Ah, but despite last weekend’s brief warm-up, Old Man Winter is still rockin’ and rollin’. Cold. Snow. Ice. My golf clubs ...

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Consumer confidence hits all-time low

The Conference Board said the Consumer Confidence Index fell to 38 in December from a revised 44.7 in November, AP reported. It marks the lowest point since the group began compiling the index in 1967. The previous low was 38.8 ...

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Index: Home prices down 18% in October

The Standard & Poor’s/Case-Shiller 20-city housing index fell in October by a record 18 percent compared with a year earlier, AP reported. The index began in 2000. The 10-city index tumbled 19.1 percent, its biggest decline in its 21-year history.

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Treasury Dept. invests $5 billion in GMAC Financial

The Treasury Department said it will provide $5 billion to GMAC Financial Services LLC, the ailing financing arm of General Motors Corp., AP reported. In exchange, the government will receive preferred shares that pay an 8 percent dividend and warrants ...

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Ill. governor expected to name Obama replacement

Gov. Rod Blagojevich was expected Tuesday afternoon to appoint a Senate replacement for President-elect Barack Obama, AP reported. Illinois Senate President Emil Jones said Blagojevich has chosen former state Attorney General Roland Burris.

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Ryan wins Offensive Rookie award

Quarterback Matt Ryan of the Atlanta Falcons earned the Associated Press 2008 NFL Offensive Rookie of the Year award Tuesday, AP reported. The quarterback from Boston College was a landslide winner in balloting of 50 sports writers and broadcasters.

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Stock market sees gains

The stock market showed gains Tuesday afternoon, bolstered by the latest lifeline to the auto industry, given to GMAC Financial Services LLC. At 3 p.m., the Dow Jones Industrial Average was up 109 points, or 1.3 percent, at 8592.65. The ...

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COMIDA OKs tax breaks for USAirports

The County of Monroe Industrial Development Agency approved assistance for USAirports Flight Support South LLC, which is purchasing Landmark Aviation, County Executive Maggie Brooks announced Tuesday. The benefit is on $1.2 million, a portion of the overall sale price that ...

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DiNapoli grades Paterson’s budget proposal

New York State Comptroller Thomas DiNapoli gave Gov. David Paterson’s proposed executive budget mixed reviews in a report released Tuesday. DiNapoli noted the proposal takes steps toward aligning spending with available revenues. However, he said, it also has a number ...

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WEDNESDAY, DEC. 31 Rochester Business Network Meeting—Free—7:15 – 8:45 a.m.—Brighton Town Hall, 2300 Elmwood Ave.—Also offered Jan. 14—Call Doug Drake at 352-9777 for additional information. The August Group Networking Meeting—Free—9:30 – 11 a.m.—Bagel Bin Cafe, 2600 Elmwood Ave.—Visitors are welcome—Also ...

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COMIDA OKs tax breaks for USAirports

The County of Monroe Industrial Development Agency approved assistance for USAirports Flight Support South LLC, which is purchasing Landmark Aviation, County Executive Maggie Brooks announced Tuesday. (Click here for News 10NBC video on the Medley Centre presentation.)

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Stock market sees gains

The stock market showed gains Tuesday afternoon, bolstered by the latest lifeline to the auto industry, given to GMAC Financial Services LLC.

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