Foreign investors partner with Tres Amigas (updated)

The Associated Press ALBUQUERQUE —A $1.5 billion effort to link the nation’s three major electricity grids is getting a boost from Japanese investors and a European company well versed in integrating power markets. The partnerships with Mitsui and Co. and the European Power Exchange will ensure access to a large talent pool and funding for [...]

Investors casting votes with wallets

P undits of all stripes have had their say

Thrift Saving members also stung

By Tom Philpott: CNJ columnist With 36 percent of service members participating in the government-run Thrift Savings Plan, and nearly 60 percent of their money tucked into stock index funds, military investors are seeing nest eggs shrink like those of other American investors. For these service members, and for 3 million federal civilian TSP participants, [...]

‘Racino’ could boost economy in Tucumcari

Freedom New Mexico The New Mexico Racing Commission visits Tucumcari on Thursday where it will hear investors’ proposal for building a racetrack and casino at the edge of town. We encourage area residents to help the commissioners see the potential a “racino” would have on the economy of this community, the region and ultimately the [...]

Wall Street struggle reaches globally

The Associated Press NEW YORK — An unusual emergency interest rate cut by the Federal Reserve gave Wall Street a partial rebound Tuesday from a precipitious early decline — and perhaps the first steps toward a long-term recovery. The rest of the comeback, for the economy as well as the stock market, may depend on [...]

Bush stimulus does little on Wall Street

The Associated Press NEW YORK — Wall Street ended a painful week with another decline Friday as skittish investors unable to hold on to much optimism about the economy drew little comfort from President Bush’s stimulus plan. The day’s trading reflected how fractious Wall Street has been in the new year. Investors pulled back from [...]

Support of Kurds would provide mutual benefits

By Freedom Newspapers In all the reporting on the Iraq war it is too seldom noted that one region of the country can tentatively be called a success story. The northern portion of the country dominated by Kurds, Muslims who are neither Persian nor Arabic but a separate ethnicity with a long history, is generally [...]

Accountability good, but Enron trial raises concerns

Freedom Newspapers It’s not particularly surprising that Enron Corp.’s former top two executives, Kenneth Lay and Jeffrey Stilling, were found guilty Thursday on most criminal counts that prosecutors brought against them relating to the demise of what was once the nation’s seventh-largest company. Both men face the prospect of spending the rest of their lives [...]

Restitution to be paid for bad investment

Tom Philpott: CNJ columnist An estimated 13,000 military investors who bought and later terminated a “Systematic Investment Plan” marketed by First Command Financial Planning Inc. of Fort Worth, Texas, are due restitution payments in the coming weeks that likely will average a little over $300. Letters of explanation are being mailed to a list of [...]

Competition heats up for ownership of Freedom

By Bernard J. Wolfson and Mary Ann Milbourn IRVINE, Calif. — A family buyout offer for Freedom Communications Inc., parent of the Clovis News Journal, faces competition from several non-media investor groups among the 26 bids received late last month, according to a memo to shareholders this week. The memo, from a committee of board [...]