House passes bankruptcy overhaul bill
The House voted 300 to 125 to tighten bankruptcy laws amid White House veto threats. The bill would push debtors toward Chapter 18 plans, raise scrutiny of living costs, and target credit card industry abuses while Senate prospects remain uncertain.
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GOP debating tax credit renewal and Microsoft antitrust trial shift
The AP report notes Republicans clash over expiring credits from coal to high tech and Congress faces a tight window to pass an extender package. Separately a federal judge delayed the Microsoft antitrust trial to October 19 as the government signals a broad challenge to Microsoft practices, with pretrial interviews needing more time. Russia’s imports plunge forty five percent in September as citizens struggle to afford basic goods.
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Inflation Strains Russia as Prices Surge and Ruble Falls
Russia faces rising prices and shortages with shelves occasionally empty. Government plans to cut import duties on meat butter and grain to restock basics and curb inflation amid economic crisis.
IDRON LIVESTOCK AUCTION SUMMARY FOR THURSDAY SALE
consignments include 293 hogs ranging 190 to 260 pounds with prices from 26.25 to 28, 1342 feeder pigs up to 60 pounds priced 9 to 26, 422 calves good to light with bulls and cows, 117 cattle including steers and heifers, 63 sheep with market lambs and feeder lambs, goats listed, cattle prices for cows and heifers, total head 2132 with 323 consignors, hay and fuel notes and first and second cut hay prices.
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Cardinal Health to acquire Allegiance Corp in $4.5 billion deal
Cardinal Health Inc plans to buy Allegiance Corp in a stock deal valued at about 4.5 billion dollars creating a 21 billion dollar Ohio based firm. The merger awaits shareholder and regulatory approval and should close in the first half of next year. Allegiance will operate as a Cardinal subsidiary with its own management and HQ in McGaw Park Illinois.
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