Bridesville.net Web News Archive

Countrywide, IndyMac Investors Bet More on Shrinking Industry (Bloomberg.com) - March 31 (Bloomberg) -- Some investors in Countrywide Financial Corp., Wells Fargo & Co. and IndyMac Bancorp Inc., three of the biggest U.S. mortgage lenders, are raising their stakes even as the industry shrinks.

Canada cattle industry wants full US border opening (Reuters via Yahoo! News) - The cattle industry continues to push the United States to reopen its border to the import of Canadian animals over 30 months old, the Canadian Cattlemen's Association president said on Thursday.

Delphi could shake auto industry (Houston Chronicle) - In a move that would send shudders through an ailing U.S. auto industry, Delphi Corp. was expected to ask a federal judge to cancel its union contracts today following months of trying to reach an agreement with General Motors Corp. and its unions to lower workers' wages.

Real estate industry could be 'brought to its knees' by property tax disparity, official says (Sun-Sentinel) - The real estate industry would be "brought to its knees" if homeowners aren't allowed to take a property tax break with them when they move, Palm Beach County Property Appraiser Gary Nikolits said Wednesday.

Hollywood, game industry cross fingers as 'Godfather' videogame debuts (Middle East Times) - LOS ANGELES, CA, USA -- Hollywood and top game industry executives crossed their fingers on Tuesday as the late Marlon Brando returned to the screen posthumously in a long-awaited new "Godfather" videogame.

Malaysia To Enhance Position In Tourism Industry In 9MP (Bernama) - KUALA LUMPUR, March 31 (Bernama) -- Malaysia will continue to enhance its position as an international tourist destination and to promote the domestic travel and tour industry during the Ninth Malaysia Plan (9MP) which will begin next year.

Housing industry welcomes encouraging figures (ABC via Yahoo! Australia & NZ Finance) - Housing industry leaders think the worst might be over for residential construction activity after the latest official data on building approvals.

AUTOMOTIVE INDUSTRY: Delphi may take contracts to court (The Myrtle Beach Sun News) - Delphi Corp. seems likely to ask a bankruptcy judge on Friday to cancel its labor contracts, analysts said, with heavy consequences for the auto industry, including pushing its largest customer, General Motors Corp., closer to Chapter 11 bankruptcy.

INDUSTRY’S CAUTIOUS GREEN LIGHT TO MORE SULPHUR CURBS (Maritime Global Net) - THE principal shipping industry representative organisations have told the IMO that they will accept further cuts in the level of sulphur in bunkers, subject to a number of caveats.

Gregoire signs tax-relief bill for timber industry (The Daily News) - Gov. Chris Gregoire on Wednesday signed legislation that will save timber companies an estimated $56 million during the next five years and eventually will slash the industry's taxes on gross revenue by 40 percent.