Winnipeg Free Press

Winnipeg Free Press (Newspaper) - December 12, 2007, Winnipeg, Manitoba b6 Winnipeg free press wednesday december 12, 2007 business fed chops rate in face of credit crunch drug maker the deepening housing slump is affect interest rates charged to individuals and tuesdays meeting that another rate Cut by Jeannine Aversa settles suit w ing the behaviour of Consumers and businesses and is the feds most potent May be needed after All As an insurance businesses alike they said. Tool for influencing economic activity. Policy against undue economic weak Ashington ? the . Fed economic growth is slowing reflect in response commercial Banks Ness. Eral Reserve dropped its most ing the intensification of the housing Cor including Wachovia and Wells Fargo As another bolstering move the fed for $138m important interest rate to a Section and some softening in business lowered their prime lending rate by a on tuesday also lowered its lending rates nearly two year Low on tuesday and left and consumer spending. Moreover corresponding amount to 7.25 per cent. To Banks by one Quarter percentage by Gary Norris the door open to additional cuts to pre strains in financial markets have the prime rate applies to certain credit Point to 4.75 per cent. Vent a housing and credit meltdown increased in recent weeks the fed said cards Home equity lines of credit and recent developments including the from pushing the Economy into a races in a statement. Other Loans. Deterioration in financial Market Condi Toronto ? drug maker bios Ailston. The three rate cuts ordered thus far the fact that the feds key rate was tons have increased the uncertainty corp. Tax Bof and founder a disappointed Wall Street took a nose should help promote moderate growth lowered again marked an about face for surrounding the Outlook for economic Eugene Melnyk have settled alive. Over time the fed added. The Central Bank. Growth and inflation the fed said. Class action lawsuit filed four fed chairman Ben Bernanke and All on Wall Street stocks tumbled at its previous meeting in october Banks financial companies and other years ago in new York by but one of his colleagues agreed to trim reflecting disappointment among some fed officials hinted that their two rate investors who made Loans to people with investors including the Ontario the Federal funds rate by one Quarter investors who were hoping for a larger cuts probably would be sufficient to help spotty credit or put Money into Securi teachers pension plan. Percentage Point to 4.25 per cent. Rate Cut. The Dow Jones Industrial the Economy survive the housing and ties backed by those subprime Mort Bio Vail said tuesday the total the rate reduction the third this year plunged 294.26 Points to close at credit stresses. Since then however gages have lost billions of dollars. Settlement amount is us$138 Mil was needed to energize National eco-13,432.77. Financial conditions have deteriorated lion under the agreement in Prin nomic growth fed officials explained. The funds rate affects Many other prompting Bernanke to signal before ? the associated press Ciple and it expects to pay $85 million after insurance claims. A company spokesman said Bio Vail would pay the full amount with nothing personally due from Gendis inc. Reports broader third Quarter loss of $3.2m Melnyk or four other sex executives named in the action. Winnipeg based investment manage holdings in real estate Energy and other in the Quarter the company booked a after the close of Stock trading tuesday. The teachers pension plan said ment company Gendis inc. Tax gds sectors said late tuesday it lost 23 cents loss of about $900,000 on the Market earlier the company a shares dropped it is the second largest settlement reports its third Quarter loss widened to a share for the three months ended oct. Value of its investments. It also took a 10 cents to close at $2.10, a decline of of a securities Case involving a $3.2 million from $192,00 the previous 31, compared with a loss of two cents a $2.3 million hit for the doubtful collect about 4.5 per cent on the tax. Canadian issuer behind the year on losses in its investment portfolio share the previous period. Tion of a debt from Saan stores ltd., a us$2.4-billion settlement by nor and a debt write off. Revenue for the Quarter fell to about former unit it sold a few years ago. Tel networks in Early 2006, in the Winnipeg company which has $900,000 from $1.1 million last year. The Gendis results were released ? the Canadian press which Opp was also a co Lead plaintiff. The suit had accused the com Pany Melnyk and the others of making misleading statements about the launch of Bio Vail a Cardi zem la blood pressure drug to boost the company a Stock Price in 2002 and 2003. ? the Canadian press correction for our every wish comes with a hug flyer effective dec. 10-16, 2007 save pm. 23 25% off All kids outerwear please note offer accessories. Applies to accessories Reg. Priced at $4.99-19.99. 30% off All women a Reg. Priced pm. 27 Jessica & Jessica sport new arrival shoes. The and should state ?30% off women a priced Jessica Joyce shoes Reg. $39.99 Sale $27.99 & Jessica sport Bryant shoes Reg. $59.99 Sale $41.99?. 25% off All clearance priced whole pm. 42 Home Bath boutiques & coordinates. The and should state ?25% off All Reg. Priced whole Home Bath boutiques & coordinates. $79.99 Chefalo pro 31 pm wok. Pm. 47 order #118 413 269. Please note Correct order #118 413 629. Buy 1, get one 40% off All Reg. Pm. 54 priced plug & play and hand held games. Please note incorrect image shown. Dream life game is not available in Sears retail stores. $19.99 Pok Mon 25? Sno rider. Pm. 55 please note Pok Mon 25? Sno rider is not available in Sears retail stores. We sincerely regret any inconvenience this May have caused our customers. The Winnipeg school division invitation to bid for window replacement 2008 Mulvey school sealed bids will be received at the office of the Secretary treasurer of the Winnipeg school division 1577 Wall Street East Winnipeg Manitoba before 2 00 00 . Thursday january 10, 2008 for window replacement 2008 at Mulvey school. Time shall be As indicated on the clock located in the general office of the Secretary treasurers department. Instructions to bidders specifications and bid forms May be obtained from the director of buildings at the building department 1395 Spruce Street Winnipeg Manitoba Call Pat at 786-0338. A mandatory bidders briefing is scheduled for 3 30 ., tuesday december 18, 2007 at the locations of Mulvey school general office 750 Wolseley Avenue Winnipeg my. Bids shall be accompanied by a bid Bond in the amount of 10% of the bid Price. The successful bidder shall be required to furnish an approved surety company performance Bond for 50% of the contract Price. In addition to the above the successful bidder must provide liability insurance coverage for a minimum of $5,000,000.00 inclusive limits prior to Start of work. Lowest or any bid not necessarily accepted. R. Appelmans . Secretary treasurer the Winnipeg school division Misericordia care tree 2007 Angel squad december 11, 12 & 13 7 30 ? 9 00 . Pm 788-8458 for More information make a drive through donation ? every $10 will Light a Light on our care tree Misericordia 2007and helps fund programs services and equipment at the Misericordia health Centre ? or Call 788-8458 to make your donation by phone. Receive a complimentary hot beverage from Starbucks with your donation. Watch for celebrity Angels on the Maryland Bridge care tree 2007 is generously sponsored by thanks to Winnipeg free press Starbucks Coffee company and direct focus marketing communications inc ;