International Business News - CAP http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif A special commission recommended Monday that New York state cap the growth of property taxes at 4 percent a year, among other fiscal reforms. The commission was established by former Gov. Eliot Spitzer to address the difficult political issue of rising property taxes. His successor Gov. David Paterson's support for a cap has already pitted him against the powerful statewide teachers' union. http://www.ibtimes.com/articles/20081201/new-york-commission-calls-for-property-tax-cap.htm Mon, 01 Dec 2008 17:59:11 EST Cap Cana SA, which had to delay work on its Dominican Republic resort due to funding difficulties, said it has received an extension on a $100 million bridge loan. http://www.ibtimes.com/articles/20081125/cap-cana-gets-extension-on-100m-bridge-loan.htm Tue, 25 Nov 2008 07:51:21 EST Among the earnings stories for Thursday, Oct. 30, from AP Financial News: NEW YORK (AP)--Video game publisher Electronic Arts Inc. posted a wider quarterly net loss Thursday and said it is laying off about 6 percent of its work force to cut costs as it heads into the most lucrative season for the games industry. http://www.ibtimes.com/articles/20081030/earnings-roundup-ea-chesapeake-energy.htm Thu, 30 Oct 2008 19:51:25 EDT CAI International Inc., which manages and leases intermodal freight containers, said Thursday its third-quarter earnings increased, but results narrowly missed Wall Street estimates. http://www.ibtimes.com/articles/20081030/cai-international-3rd-qtr-earnings-rise-9-percent.htm Thu, 30 Oct 2008 17:50:11 EDT Shares of large-cap banks mostly rose Tuesday as investors flooded the market, encouraged by the government's plan to take stakes in banks. On Tuesday, President Bush announced a $250 billion plan to directly buy shares in nine of the country's leading banks. The Federal Reserve, meanwhile, announced that it will begin buying massive amounts of short-term debt on Oct. 27 in an effort to thaw the credit markets and encourage lending. The moves are the latest in a stream of unprecedented efforts by the government to restore stability to the financial markets, encourage lending between banks and to consumers, and calm investors' fears. http://www.ibtimes.com/articles/20081014/sector-snap-large-cap-banks-rise-on-govt-plan.htm Tue, 14 Oct 2008 10:04:45 EDT An Omaha man has lost his patent infringement lawsuit against Nike Inc. Gerald Kellogg sued the Beaverton, Ore.-based athletic shoe and apparel company in 2007, claiming Nike had stolen his design for a vented cap. Kellogg sought between $2 million and $8 million. http://www.ibtimes.com/articles/20081003/omaha-man-loses-patent-lawsuit-against-nike.htm Fri, 03 Oct 2008 11:33:46 EDT A Keefe, Bruyette & Woods analyst downgraded the shares of a handful of large-cap banks on Wednesday, saying recent valuations do not reflect the ongoing challenges in the sector. http://www.ibtimes.com/articles/20080910/ahead-of-the-bell-kbw-downgrades-large-cap-banks.htm Wed, 10 Sep 2008 08:05:00 EDT Comcast Corp., the nation's second-largest Internet service provider, Thursday said it would set an official limit on the amount of data subscribers can download and upload each month. http://www.ibtimes.com/articles/20080829/comcast-to-make-monthly-internet-use-cap-official.htm Fri, 29 Aug 2008 07:10:18 EDT Comcast Corp., the nation's second-largest Internet service provider, Thursday said it would set an official limit on the amount of data subscribers can download and upload each month. http://www.ibtimes.com/articles/20080828/comcast-to-make-monthly-internet-use-cap-official.htm Thu, 28 Aug 2008 18:21:42 EDT New York's Assembly passed its "circuit breaker" proposal meant to provide property tax relief to many homeowners statewide, but the legislators remained divided on the tax cap plan supported by the Senate and Gov. David Paterson. http://www.ibtimes.com/articles/20080820/ny-assembly-senate-divided-on-property-tax-relief.htm Wed, 20 Aug 2008 12:01:17 EDT New York's powerful teachers union on Wednesday withheld its endorsement and support from 38 senators who voted for Gov. David Paterson's proposal to cap the growth of school taxes, which are among the nation's highest. http://www.ibtimes.com/articles/20080813/ny-teachers-union-targets-lawmakers-over-tax-cap.htm Wed, 13 Aug 2008 18:17:31 EDT CAI International Inc., which manages and leases freight containers, said Tuesday it priced a public offering of 2.25 million shares of common stock at $15.50 per share. http://www.ibtimes.com/articles/20080813/cai-prices-public-offering-of-2-3m-shares.htm Wed, 13 Aug 2008 12:56:56 EDT New Yorkers won't be able to avoid the highest cigarette taxes in the nation by shopping at Indian reservations if Gov. David Paterson signs a bill given final approval by the state Senate Friday. http://www.ibtimes.com/articles/20080808/ny-senate-passes-indian-reservation-tobacco-tax.htm Fri, 08 Aug 2008 16:58:28 EDT The NBA set its salary cap for the 2008-09 season at $58,680,000, clearing the way for teams to sign free agents and make trades Wednesday. The tax level was set at $71.150 million and the mid-level exception was $5.585 million. Any team with a payroll exceeding the tax level will pay a dollar for each dollar it's over the amount. http://www.ibtimes.com/articles/20080709/nba-sets-salary-cap-at-58-680-million.htm Wed, 09 Jul 2008 11:43:23 EDT Eleven stocks in the auto and transportation sector are being added to the Russell 2000 in this year's reconstitution of the small-cap index, while eight are being removed. http://www.ibtimes.com/articles/20080630/russell-2000-adds-11-auto-transportation-stocks.htm Mon, 30 Jun 2008 08:27:04 EDT Senate Republicans, feeling pressure from a Democratic governor, business and taxpayer groups, opinion polls and voters, are moving closer to supporting a property tax cap despite strong opposition by powerful unions. http://www.ibtimes.com/articles/20080619/ny-republican-leader-warms-to-property-tax-cap.htm Thu, 19 Jun 2008 18:56:49 EDT Gov. David Paterson, buoyed by a poll that shows three in four New Yorkers support his property tax cap proposal that's getting no debate in Albany, tried to turn up the pressure on the Legislature Tuesday in the session's waning days. http://www.ibtimes.com/articles/20080617/ny-governor-enlists-voters-in-tax-cap-fight.htm Tue, 17 Jun 2008 17:38:12 EDT Senate Democratic leader Malcolm Smith on Thursday called for a 2 percent cap on the growth in local property taxes, lending the first support of a legislative leader to Gov. David Paterson's foundering effort to cap property taxes. http://www.ibtimes.com/articles/20080612/ny-democratic-leader-seeks-property-tax-cap.htm Thu, 12 Jun 2008 15:58:29 EDT Gov. David Paterson on Wednesday criticized the Legislature for rejecting "out of hand" his proposal to cap the growth in nation's highest property taxes despite overwhelming public support. http://www.ibtimes.com/articles/20080611/ny-gov-criticizes-legislature-over-tax-cap.htm Wed, 11 Jun 2008 18:42:02 EDT CAI International Inc., a freight container leasing and management company, said Friday expanded its senior credit facility by $25 million. The company's senior secured credit facility is now $290 million, up from $265 million. It still matures Sept. 25, 2012. http://www.ibtimes.com/articles/20080530/cai-international-expands-credit-facility.htm Fri, 30 May 2008 17:12:20 EDT