Layoffs

WASHINGTON, Nov. 8 /PRNewswire-USNewswire/ -- Pharmaceutical Research and Manufacturers of America (PhRMA) Senior Vice President Ken Johnson released the following statement regarding the House health care reform bill: "We are disappointed, but not surprised by today's vote -- an uneasiness echoed by millions of hardworking Americans as well as nearly half of the members of the U.S. House of Representatives who voted against the bill. "While well intentioned, the bill -- as passed -- would have the unintended consequences of killing tens of thousands of jobs in our industry at a time when the American economy is struggling and unemployment has soared above 10 percent. This is absolutely the worst time to be putting additional strains on the economy with punishing job losses. "Despite the shortcomings in the House legislation, we remain completely ...

JASPER, Ala.--(BUSINESS WIRE)-- Robert B. Nolen, Jr., President and Chief Executive Officer of Pinnacle Bancshares, Inc. (OTCBB: PCLB), today announced Pinnacle's third quarter results of operations. Mr. Nolen stated: "We are pleased with the results for the third quarter which showed an increase in net income of 35%. For the three months ended September 30, 2009, net income was $453,000, compared with net income of $335,000 for the three months ended September 30, 2009. Net interest income before the provision for loan losses increased 9% or $159,000 which was the principal reason for ...

WASHINGTON--(BUSINESS WIRE)-- The National Retail Federation today asked the House to reject health care reform legislation scheduled for debate this weekend, saying a pay-or-play mandate that employers provide health insurance to their workers or pay a financial penalty would force retailers to lay off workers in order to cover the added labor costs. NRF said consideration of the legislation would be counted as a key vote in NRF's annual ranking of lawmakers on issues important to the retail industry. "NRF adamantly opposes employer mandates of any type, whether pay-or-play, set penalty or 'free-rider ...

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings assigns a 'BBB-' rating to $1.329 billion in lease revenue bonds of the State Public Works Board (PWB) of the State of California, expected to consist of: --$1.17 billion lease revenue bonds, 2009 series I (various capital projects) subseries I-1 (tax-exempt bonds) and subseries I-2 (federally taxable Build America Bonds); --$156.2 million lease revenue bonds (Trustees of the California State University) 2009 series J (J. Paul Leonard & Sutro Library) (tax-exempt bonds). ...

WASHINGTON, Nov. 6 /PRNewswire/ -- Appleton Coated LLC, NewPage Corporation, and Sappi Fine Paper North America - together with the United Steelworkers (USW) -- applauded the US International Trade Commission (ITC) for its preliminary determination and unanimous vote today to proceed with a full investigation of coated paper imports from China and Indonesia. (Logo: http://www.newscom.com/cgi-bin/prnh/20080131/DC12982LOGO ) (Logo: http://www.newscom.com/cgi-bin/prnh/20080514/NEWPAGELOGO ) (Logo: http://www.newscom.com/cgi-bin/prnh/20090923/CL80535LOGO-a ) (Logo: http://www.newscom.com/cgi-bin/prnh/20090923/CL80535LOGO-b ) The companies and the USW filed unfair trade cases on Sept. 23 with the U.S. Department of Commerce and the ITC alleging that certain coated paper from China and Indonesia had been dumped and subsidized resulting in injury to the domestic industry and its employees. The paper products covered by the petitions include coated paper used in high-quality writing, printing, and other graphic applications using sheet-fed presses with a GE brightness rating of 80 or higher up and weighing to 340 grams per square ...