Archive for January 20th, 2010

First Trust Strategic High Income Fund Declares Monthly Common Share Distribution of $0.025 Per Share for February (Business Wire)

WHEATON, Ill.—-First Trust Strategic High Income Fund has declared the Fund’s regularly scheduled monthly common share distribution payable on February 16, 2010 to shareholders of record as of February 3, 2010.

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Calif. Gov. Schwarzenegger lobbies federal gov’t (AP)

Gov. Arnold Schwarzenegger and Democratic legislators said they’re optimistic the federal government will help California bridge a projected $20 billion deficit, but it’s far too soon to know how much.

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Fla. Senate president: No new taxes or fees (AP)

Florida Senate President Jeff Atwater told his chamber’s budget writers Wednesday not to raise taxes or fees during this election year to close a projected spending gap of up to $3.2 billion.

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Group says deal pending in refuge drilling suit (AP)

Conservation groups that sued to block drilling on a southern Colorado wildlife refuge are trying to raise money and interest in buying an energy company’s mineral rights in the area.

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US urges judge to bar Geithner role in AIG lawsuit (AP)

The federal government is opposing a Michigan man’s request to take the deposition of Treasury Secretary Timothy Geithner in a lawsuit that challenges the bailout of American International Group Inc.

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Democrats propose $1.9T increase in debt limit (AP)

Senate Democrats on Wednesday proposed allowing the federal government to borrow an additional $1.9 trillion to pay its bills, a record increase that would permit the national debt to reach $14.3 trillion.

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Iowa meatpacking plant closure ending 1,450 jobs (AP)

John Morrell & Co. is closing its pork processing plant in Sioux City, eliminating all 1,450 hourly and salaried jobs at one of the city’s largest employers, the company announced Wednesday.

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Wells Fargo sees signs of life in consumer lending (AP)

Wells Fargo says the economy is getting better — it sees signs of recovery in its loan business. But the big bank may be more of an exception than a leading indicator.

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NIBA Partners with the First Annual Halter Financial Summit – "China in a Changing World" (Business Wire)

ATHENS, Ga.—-National Investment Banking Association is has been designated as a Partner in The First Annual Halter Financial Summit – “China in a Changing World” to be held in Pudong Shangri-la in Shanghai, China, April 7-9, 2010 and will feature 100 Chinese companies, and the Honorable George W.

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Western Asset Inflation Management Fund Inc. as of December 31, 2009 (Business Wire)

NEW YORK—-Western Asset Inflation Management Fund Inc. announces its portfolio composition as of December 31, 2009.

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