COMPANIES

Masturbating Minister Paul LaDuke's Bond Set at $40,000

An Illinois judge set the bond at $40,000 for an algebra teacher at a Christian school who admitted to investigators that he masturbated behind a lectern Friday during class, WWLS-TV reported Wednesday.
An Illinois judge set the bond at $40,000 for an algebra teacher at a Christian school who admitted to investigators that he masturbated behind a lectern Friday during class, WWLS-TV reported Wednesday. Paul LaDuke, a 75-year-old minister in charge of a class full of minors, confessed that until one of them caught him in the act, he would put an apron on and masturbate while he thought about girls in the room for 10 years.

Encouraging Signs for Munis, Though California Bumpy

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Threats of money problems continue to hang over U.S. local governments, but most cities and counties will still be able to pay their debts in the near future, Janney Capital Markets said in a special report on Wednesday.
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Hackers eye Canada business: study

Hackers attacking Canadian organizations are determined to make money in targeted campaigns while government insiders stole more data than ever before, a security study released on Tuesday showed.
Sold

Existing Home Sales Rise 1.2 Percent in October

Sales of existing homes in Canada rose in October to the highest level since January, boosting forecasts for national resale activity for 2011 and confirming Canada's housing market remains robust.
Big Canada Internet providers win partial victory

Big Canada Internet providers win partial victory

Canada's communications regulator handed a partial victory on Tuesday to big Internet service providers by allowing them to charge lease fees based on the amount of capacity small providers use.
Dell founder and CEO Michael Dell delivers his keynote address at Oracle Open World in San Francisco

Dell Profit View Raised by BMO

BMO Capital Markets has raised its profit estimates for Dell Inc. (NASDAQ:DELL), a day after the PC maker reported better-than-expected third-quarter profits.
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Moody's Blasts EU Plan to Curb Ratings Agencies

A European Union plan to impose tougher rules on credit rating agencies is "dangerous" as it is bound to limit the "quality and independence" of the rating process, the president and chief operating officer of Moody's Investor Services told Le Figaro newspaper.
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Citigroup May Cut up to 3,000 Jobs: Report

Citigroup In c is planning to cut as many as 900 jobs from its securities and banking division as it grapples with turmoil in equity and debt markets, the Wall Street Journal reported Tuesday.
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Bargains, Stability Abound in College Towns

In March 2010, Elliott Vanskike and his wife bought a 2,000 square-foot home in Madison, Wisconsin for $375,000, pondering the quality of life for their kids as well as the quirks that come with thousands of college kids literally on your doorstep.

Chevron Richmond Crude Unit Fire Out -Company

A fire broke out and was quickly extinguished Monday night in a crude distillation unit at Chevron Corp's 245,271 barrel-per-day (bpd) Richmond, California, refinery, according to notices the refinery filed with state and federal pollution regulators.
Truworths

Mr Price H1 profit up, to enter Nigeria

South Africa's third-biggest listed clothes retailer, Mr Price, reported a 22 percent rise in first-half profit as above-inflation wage increases and decades-low interest rates lift consumer spending in Africa's biggest economy.
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Mauritius bank MCB Q1 pretax profit up 11 pct

Mauritius Commercial Bank (MCB) said on Tuesday first- quarter pretax profit climbed 11.3 percent year-on-year to 1.28 billion rupees on the back of loan book growth and said it would pay an interim dividend of 2.60 rupees per share.

Starbucks Ends Undisclosed Fee on Bean Purchase Under One Pound

You might have been charged an additional $1.50 for buying smaller bags of coffee beans at Starbucks and left the store without even knowing it, until recently. Starbucks Corp. stopped adding the surcharge at over 11,000 stores nationwide this month after a Massachusetts consumer-protection agency fined the company over the practice.
Deepwater Horizon Burning

Alabama, Louisiana Can Sue BP for Gulf Spill, Says Judge

U.S. District Judge Carl Barbier announced Monday Alabama and Louisiana may sue the oil company under general maritime law for punitive damage, negligence and product liability, but not for civil penalties under the Outer Continental Shelf Act as that is governed by federal law.

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