Boston’s only black-owned newspaper will accept $200K loan from city to avert shutdown

September 25th, 2009 New York Times open to voluntary union buyoutsNEW YORK — The New York Times told its main union this week that it is open to offering voluntary buyouts in a move that could avert additional layoffs as the newspaper seeks to further cut costs. The newspaper also guaranteed to restore pay for union members in January, after they had their salaries cut by 5 percent earlier in the year.

August 13th, 2009 NY AG sues foreclosure rescue firmUNIONDALE, N.Y. — New York's attorney general is suing a foreclosure rescue company and its owner, claiming they engaged in deceptive business practices and false advertising.

August 12th, 2009 KARACHI - Pakistan has received $1.2 billion from the International Monetary Fund (IMF) as the third tranche of an emergency loan agreed to last year, the central bank said. "We have received $1.2 billion from the IMF," State Bank of Pakistan spokesperson Syed Wasimuddin told The News.

August 5th, 2009 Iowa 911 call center becomes first to accept textsAn 911 call center in Waterloo, Iowa, is the first in the country to accept text messages. The call center starts accepting and responding to texts sent to "911" on Wednesday afternoon.

July 12th, 2009 LONDON - Jaguar Land Rover, the British carmaker owned by India's Tata Motors, is planning an extended shutdown of its British plants and a new round of layoffs as it tries to deal with the slump in the world car market, a media report said Sunday. The preparation for the shutdown comes days after the company released its new flagship, the latest version of the Jaguar XJ, Sunday Times reported.

July 7th, 2009 Black newspaper in Boston suspends publicationBOSTON — An African-American newspaper that covered Boston's busing riots of the 1970s, the fall of black political leaders and the rise of state's first black governor, Deval Patrick, has suspended publication after 44 years and laid off its 12 employees. Bay State Banner publisher and editor Melvin Miller said Tuesday that financial pressures and a sustained falloff in advertising have forced him to close the weekly newspaper, at least temporarily.

June 18th, 2009 Sallie Mae awarded gov't loan-servicing contractNEW YORK — The Department of Education says Sallie Mae and three other companies were chosen to service parts of its $550 billion in outstanding federal student loans and future loans owned by the government. Reston, Va.-based Sallie Mae, officially called SLM Corp., is the country's biggest student lender.

June 8th, 2009 Arcandor loses bid for gov't loan guaranteeBERLIN — Struggling German department store owner Arcandor AG has had an application for euro650 million ($908 million) in government loan guarantees rejected, an official said Monday. However, Economy Ministry spokesman Steffen Moritz said a decision was still pending on a separate application for euro437 million in government-backed credit to keep the company going.

June 2nd, 2009 Texas lawmakers adjourn, but shutdown not avertedAUSTIN, Texas — The Texas Legislature has adjourned its regular session without passing key measures to avert a shutdown of state agencies. The sticking point was $2 billion in transportation bond funding that the House failed to pass before gaveling out the session a few hours before the Senate adjourned Monday night.

May 5th, 2009 NYT union workers approve 5 percent pay cutNEW YORK — Union workers at The New York Times will accept a 5 percent pay cut through the end of the year to help the newspaper avert more layoffs. The Newspaper Guild members approved the wage reductions by a vote of 377 to 36 in balloting completed Monday night, according to The New York Times' Web site.

May 4th, 2009 Boston Globe's Guild says owner threatens shutdownBOSTON — The Boston Globe's largest union says the newspaper's owner responded to its proposal of $10 million in concessions with a copy of a notice threatening to shut down the newspaper in 60 days. The Boston Newspaper Guild says Globe management told the union it's prepared to file the notice if negotiations are not successful by a midnight Sunday deadline.

May 4th, 2009 Boston Globe's management threatens shutdownBOSTON — The management of The Boston Globe threatened late Sunday to begin the process of shutting down the newspaper in a dispute with its unions over $20 million in cuts. The Globe's owner, The New York Times Co., said it had given the Globe's biggest union a copy of a notice it was prepared to file Monday if it was unable to agree on the concessions by midnight Sunday, a deadline that passed without word from the union or the Times Co.

May 4th, 2009 6 Globe unions have deal; none for largest unionBOSTON — The Boston Globe and its largest employees union finished all-night talks without a deal Monday, but plan to be back at the bargaining table soon. Lifetime job guarantees are among the final sticking points on a deal that could avert a shutdown of the 137-year-old newspaper.

April 28th, 2009 Mexico City swine flu losses at $57 million a dayMEXICO CITY — A leading business group estimates that canceled events and closure of movie theaters, night clubs, museums and other establishments to prevent the spread of swine flu is costing Mexico City at least 777 million pesos ($57 million) a day. Arturo Mendicuti, president of the city's Chamber of Trade, Services and Tourism, says the figure represents a 36-percent drop in revenue generated by tourism and services in the Mexican capital.

April 22nd, 2009 Colorado newspaper starts free '10-minute' editionCOLORADO SPRINGS, Colo. — The Gazette newspaper in Colorado Springs hopes to revive advertising sales with new small newspapers meant to be read in about 10 minutes.