North AmericaNorth America BusinessRedbirds to be sold to St. Louis Cardinals- September 17, 2008 The St. Louis Cardinals, the Memphis Redbirds Baseball Foundation and Blues City Baseball have officially announced the signing of a non-binding letter of intent to begin the process of the Cardinals purchasing the Memphis Redbirds franchise from the Memphis Redbirds Baseball Foundation.http://feeds.bizjournals.com/~r/bizj_national/~3/394746180/daily14.html Fed bails out AIG in $85B deal- September 17, 2008 The Federal Reserve Board late Tuesday confirmed it would authorize the Federal Reserve Bank of New York to lend as much as $85 billion to American International Group Inc., which has unraveled in the face of mounting losses related to insurance on complex financial instruments and credit downgrades that forced the company to raise billions in capital. The New York insurance company is the largest in the world.http://feeds.bizjournals.com/~r/bizj_national/~3/394746181/daily44.html Wichita Eagle announces more layoffs, 16 will take buyout- September 17, 2008 Six more Wichita Eagle employees will be laid off and another sixteen accepted voluntary buyouts, the Eagle said on its Web site Tuesday.http://feeds.bizjournals.com/~r/bizj_national/~3/394746182/daily17.html Fed bails out AIG in $85B deal- September 17, 2008 The Federal Reserve Board late Tuesday confirmed it would authorize the Federal Reserve Bank of New York to lend as much as $85 billion to American International Group Inc., which has unraveled in the face of mounting losses related to insurance on complex financial instruments and credit downgrades that forced the company to raise billions in capital. The New York insurance company is the largest in the world.http://feeds.bizjournals.com/~r/bizj_national/~3/394708183/daily47.html Discovery Communications to go public Thursday Washington, D.C. Business News - Local Washington, D.C. News The Washington Business Journal- September 17, 2008 Shareholders at Discovery Holding Co. on Tuesday approved a plan to combine its ownership of Discovery Communications cable television networks with the stake owned by private media giant AdvanceNewhouse and convert them into one publicly traded business.http://feeds.feedburner.com/~r/bizj_washington/~3/394675359/daily41.html Nemours lays off 22 support workers Orlando Business News - Local Orlando News The Orlando Business Journal- September 16, 2008 Nemours Children’s Clinic Orlando laid off 22 administrative and support employees Tuesday. A spokesperson said the layoffs are in no way connected to plans for its new children’s hospital, which is still expected to break ground next year.http://feeds.feedburner.com/~r/bizj_orlando/~3/394624217/daily22.html Jefferson County sued over sewer debt Birmingham Business News - Local Birmingham News Birmingham Business Journal- September 16, 2008 Jefferson County is being sued in federal court by two of its bond insurers who are seeking control over the sewer system, including the right to increase user rates.http://feeds.feedburner.com/~r/bizj_birmingham/~3/394612425/daily13.html Cary restaurant must pay up in sexual harrassment suit Raleigh Business News - Local Raleigh News The Triangle Business Journal- September 16, 2008 A judge has awarded two former employees at Cinelli’s Restaurant in Cary nearly $90,000 in damages in a ruling in a federal sexual harrasment lawsuit.http://feeds.feedburner.com/~r/bizj_triangle/~3/394604110/daily16.html Omni Financial cuts 20 percent of its workforce Atlanta Business News - Local Atlanta News Atlanta Business Chronicle- September 16, 2008 Omni Financial Services Inc., a holding company for a bank that specialized in urban real estate re-development loans, has cut 20 percent of the company&39;s workforce, including the company&39;s chief risk officer and president.http://feeds.feedburner.com/~r/bizj_atlanta/~3/394610800/daily46.html Lehman bankruptcy costs Washington state pension fund $130M Seattle Business News - Local Seattle News The Puget Sound Business Journal- September 16, 2008 Add the state of Washington to those feeling the pinch from the financial turmoil on Wall Street. (LEH) (MER) (BAC) (AIG)http://feeds.feedburner.com/~r/bizj_seattle/~3/394603426/daily20.html |