Detroit, the largest U.S. city whose debt is rated below investment grade, is warning investors of the risk of bankruptcy as it prepares to sell $250 million of bonds to help close its budget deficit. The city told bondholders in a March 2 preliminary offering statement that while it hasn’t taken steps to reorganize under […]
March 2010
Posted inBusiness
China aims to create jobs
The premier’s budget plan keeps the country on a track of increasing trade imbalances.
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Posted inBusiness
Briefcase
Drugmakers boost spending on consumer ads 2 percent Pharmaceutical firms boosted their spending on ads directly targeting consumers by barely 2 percent last year, according to Nielsen Co. data. Drugmakers spent $4.51 billion on ads for prescription medicines aimed at consumers. Two-thirds of that, or $3 billion, went for TV ads, and another $1.19 billion […]
Posted inNews
Panel trims stiffer abuse penalties from animal cruelty bill
The panel’s co-chairwoman cites the estimated $26,988 it would cost to make large-scale abuse a felony.
Posted inNews
N.H. man pleads guilty to hiding evidence of killing
A mother was hacked to death and her 11-year-old daughter severely injured.
Posted inSports
D-III Tournament: Bowdoin stifles Baruch offense
BRUNSWICK – The temptation was to run. And keep running. Adrienne Shibles, the head women’s basketball coach at Bowdoin College, cautioned her players to be smart. Run. But run with a purpose. Everything the Polar Bears did had a purpose Friday night. Especially their defense. Bowdoin clamped down on a fast-paced, high-scoring Baruch College offense […]
Posted inSports
D-III Tournament: Nor’easters miss the mark
The University of New England manages just one field goal in the first half and gets knocked out of the NCAA tournament.
Posted inNews
Teacher accused of sending nude photos to teen
She is arrested after the pictures are circulated among students at a N.H. high school.
Posted inNews
Lawsuit to contest N.H. law cutting state’s payments to local pensions
CONCORD, N.H. – A lawsuit will be filed against New Hampshire next week contesting the state’s reduced contribution to the state pension fund for municipal employees, one of the lead plaintiffs said Friday. Communities and school districts expect to pay roughly $27 million more in contributions over two years. The Legislature temporarily reduced the state’s […]
Posted inSports
Junior making progress
Dale Earnhardt Jr. leads qualifying in Atlanta, earning his first Sprint Cup pole since 2008.