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Revenue News

U.S. budget deficit seen topping $1 trillion in 2009Tuesday, January 6, 2009 @ 11:59PMPoliticians want American consumers to resume spending to pull the economy out of its tailspin, and the U.S. government is leading by example with a potential $1 trillion deficit in 2009 -- even before a massive stimulus plan.

Lawmakers want power to cut off-limits spendingTuesday, January 6, 2009 @ 11:58PM Key legislative leaders want to ask Arizonans to repeal a constitutional amendment that bars legislators from trimming voter-approved programs.

RCom plans set to launch mGovernance for villagesTuesday, January 6, 2009 @ 11:57PMTelecom service provider Reliance Communication, a Reliance ADA Group company, plans to make headway in the hitherto unexplored mGovernance (mobile governance) sector by launching the service in select rural pockets.

Billionaire Merckle Killed Himself Before Breakup of His EmpireTuesday, January 6, 2009 @ 11:56PMJan. 7 (Bloomberg) -- German billionaire Adolf Merckle , whose family holding company amassed about 5 billion euros ($6.7 billion) in debt, committed suicide as bankers proceeded with a plan to start breaking up his business empire.

royse City expresses optimism on outlookTuesday, January 6, 2009 @ 11:55PMThis growing Rockwall County city is entering the new year fiscally on the right track, according to interim city co-manager Larry Lott.

Branan Foundation awards grant to SRH FoundationTuesday, January 6, 2009 @ 11:54PMThe Atlanta-based Mary Allen Lindsey Branan Foundation (Branan Foundation) awarded Sumter Regional Hospital Foundation (SRH Foundation) a grant of $200,000 designated for costs associated with construction of a permanent hospital facility.

Prism Cement: Profits pressuredTuesday, January 6, 2009 @ 11:53PMNet profits at the Rs 876 crore Prism Cement have halved to Rs 31 crore in the December 2008 quarter. If the first six months to December 2008 are considered, the drop has been worse at 60 per cent.

Kentucky lawmakers to choose House speakerTuesday, January 6, 2009 @ 1:29PM(AP:FRANKFORT, Ky.) Democratic lawmakers were set to meet privately Tuesday afternoon to decide who they will support to preside over the House during a legislative session where the top agenda item will be balancing a Kentucky budget thrown out of kilter by revenue shortfalls.

Realtors fall 54% short of retail space targetTuesday, January 6, 2009 @ 1:29PMDLF, Parsvnath and other real estate developers have lagged behind by 54 per cent in their target to open retail space even as retailers’ vacancy climbed to 16 per cent in 2008, according to a study.