Anchorage Daily News

Rain washes away tourism dollars in Northeast

Relentless rain and cool weather since early June have sent visitors scrambling home and washed away millions of tourism dollars across the Northeast. But the first 80-degree readings this month gave a glimmer of hope Friday that summer can be salvaged.

Talks resume in addressing Calif.'s $26B deficit

Gov. Arnold Schwarzenegger and legislative leaders were scheduled to resume talks aimed at closing California's $26 billion budget deficit.

Read which financial institutions are accepting IOUs

Australian concerned for Rio employee China holds

Australia's trade minister met Saturday with Chinese officials and said his government is "deeply concerned" about the detention of a Rio Tinto Ltd. employee on spying charges.

http://www.riotinto.com

Administration considers help for small business

The Obama administration is considering using money from the $700 billion financial bailout fund to provide further assistance to the nation's struggling small businesses, in a continuing attempt to find a way to make up for clogged credit.

Administration considers help for small business

The Obama administration is considering using money from the $700 billion financial bailout fund to provide further assistance to the nation's struggling small businesses, in a continuing attempt to find a way to make up for clogged credit.

Regulators shut small Wyoming bank

Regulators on Friday shut Bank of Wyoming, marking the 53rd failure this year of a federally insured bank.

Some NWA flight attendants want to wear red dress

The union that represents flight attendants who worked for Northwest Airlines before it was bought by Delta Air Lines is crying foul over Delta's failure to offer bigger sizes for its signature red dress uniform designed by Richard Tyler.

Obama proposes investor protections in wake of Madoff scandal

Fresh on the heels of new proposals to regulate mortgages and other consumer credit products, the Obama administration on Friday sent Congress proposed legislation designed to head off another Bernard Madoff-style fraud.

http://tinyurl.com/mweo9c

http://www.treas.gov/press/releases/tg205.htm

Chicago lawyer convicted in Refco fraud

A Chicago lawyer has been convicted in New York of conspiracy in a huge fraud at commodities brokerage giant Refco Inc.

WTC owners offer plan to finance 2nd skyscraper

The owners of ground zero have offered to partially fund the building of a second tower planned by a private developer.

Lancelot Investment accused of aiding Ponzi scheme

Lancelot Investment Management and its owner have been accused by the U.S. Securities and Exchange Commission of aiding a multibillion dollar Ponzi scheme.

Delphi receives no new bidders on assets

Auto parts maker Delphi Corp. says a deadline has passed with no further bidders on its business, paving the way for a sale to a California private-equity firm and General Motors Corp.

CAW says Chrysler Canada will save 1,200 jobs

Chrysler Canada has canceled plans to end the third shift at its minivan plant in Windsor, Ontario, a decision that will save more than 1,200 jobs, the head of the Canadian Auto Workers union said Friday.

NYC legal fees for Madoff trustee top $14 million

A Manhattan law firm working with a court-appointed trustee to unravel Bernard Madoff's massive fraud has so far run up more than $14.6 million in legal fees, according to court papers filed Friday.

Keys to GM's success after bankruptcy protection

Even after emerging from bankruptcy protection, the new General Motors still faces some of the same troubles that haunted the old one, which piled up more than $80 billion in losses during the past four years and still needs government aid to survive.

American Axle working through restructuring plan

American Axle is working with longtime legal and financial advisers to consider restructuring options, but the company and a law firm representing it are stopping short of saying they are considering bankruptcy.

The Dow Jones industrials' moves since Lehman fall

How far the Dow Jones industrial average has fallen or advanced each trading day since Lehman Brothers Holdings Inc. filed for Chapter 11 bankruptcy protection on Sept. 15. Since Lehman's fall, which touched off a paralysis of the credit markets and deepened the recession, the stock market has gone through an extended period of volatility before kicking into a big rally this spring. The numbers are the closing levels for the Dow:

Lockheed gets $262M Air Force Contract

The Air Force said Friday that it has awarded a $262 million satellite contract to a division of Lockheed Martin Corp.

Toyota considering dissolving Nummi joint venture

Toyota Motor Co. says it is considering dissolving its stake in a California manufacturing plant after General Motors Corp. pulled out of the joint venture.

Earnings Preview: J&J sales seen down for 3rd time

Johnson & Johnson, a Dow component and the world's biggest healthcare company, reports earnings for the second quarter on Tuesday morning. The following is a summary of key developments and analyst opinion related to the period.

Plea deal in Conn. millionaire slaying case

A Massachusetts man pleaded guilty Friday to manslaughter and conspiracy to commit murder in the 2006 stabbing death of a millionaire Connecticut developer accused of real estate fraud.