S&P Risk Rating Plan Faulted for Reducing Repo Cash, Money Funds’ Choices
A Standard & Poor’s plan to change the way it rates the credit risk of counterparties in repurchase agreements will boost costs for broker-dealers who draw cash through the arrangements and shrink the pool of liquid assets for money funds, according to industry participants.

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Redesign saves money, creates efficiency
An independent candidate for Minnesota’s lieutenant governor said a plan to redesign the state will save money, equalize county funding and create better efficiency.

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SME Bank to solicit inputs from traders
Kuala Lumpur: SME Bank Bhd will launch an initiative called Idea Box to gather innovative commercial ideas from entrepreneurs.

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Bank of America hiring small biz bankers
Bank of America will hire 1,000 new small business bankers by early 2012, the company announced Thursday.

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Business owner challenges incumbent
A small-business owner and city councilman from Seymour is challenging a veteran lawmaker and superintendent from Austin in the race to represent Indiana House District 66, which spans Clark, Jackson, Jennings and Scott counties.

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Scholarship program fast-tracking men, minorities into nursing needs applications by Nov. 1
CHARLOTTESVILLE — By 2016, the Bureau of Labor Statistics projects a need for more than a million new and replacement registered nurses.

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Bernero announces distressed property plan
(AP:DETROIT) Democratic gubernatorial candidate Virg Bernero on Wednesday proposed a plan to reclaim distressed property across Michigan and offer developers cheap or free land, interest-free loans, and no taxes for up to 12 years.

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