DENVER, Nov. 16 /PRNewswire-FirstCall/ -- PetroHunter Energy Corporation (Nachrichten/Aktienkurs) (BULLETIN BOARD: PHUN) ("PetroHunter" or the "Company") announced that, effective November 1, 2007, it has reached agreement with MAB Resources LLC ("MAB"), to amend and reduce the outstanding principal balance owed to MAB under the Promissory Note, dated January 1, 2007 (the "Note") from $13.5 million to approximately $2.5 million.

The Note has been reduced to that amount in consideration for the following: (a) Issuance of 16 million common shares of the Company at $0.50 per share, plus two-year warrants representing 32 million shares, exercisable at $0.50 per share; (b) Payment of $500,000 by December 1, 2007; and (c) Application of MAB's obligation to pay PetroHunter approximately $2.5 million.

Payday Lending Group Pushes Disclosure

Many payday lending shops will be required by an industry trade group to put up small posters displaying their fees and interest rates.

But one critic said the posters are little more than window dressing for an industry long derided for taking advantage of people.

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November 1—City mulls 2008 budget during study

Following an all-day study session last Saturday to look over the budget for the coming year, Puyallup city officials and council members re-conveyed for another lengthy session in the council chambers on Monday night, Oct. 29.

The council logged another four hours trying members� patience and attention span.

This segment of the budget discussion focused on funds allotted for improvements of neighborhood streets. City manager Jim Bacon proposed $6.185 million toward water utilities, wastewater utilities and storm water utilities, with the largest chunk proposed for arterial streets.

�This is intended to be about a local street improvement program,� Bacon said. �The budget doesn�t have to be spent on northeast and northwest neighborhood projects. Other funds will still be there for local streets.

IMF Executive Board Completes Fifth Review Under the PRGF Arrangement with the Kyrgyz Republic and Approves US$2 ...

The Executive Board of the International Monetary Fund (IMF) today completed the fifth review of the Kyrgyz Republic's economic performance under the three-year Poverty Reduction and Growth Facility (PRGF) arrangement. The completion of this review allows the release of an amount equivalent to SDR 1.27 million (about US$2 million). This brings total disbursements under the arrangement to SDR 7.61 million (about US$12.1 million).

Following the Executive Board discussion of the Kyrgyz Republic's economic performance, Mr.

GAMCO Reports 18.9% Increase in AUM Year over Year to $31.6 Billion

GAMCO Investors, Inc. (GAMCO) (NYSE: GBL) today announced third quarter 2007 net income of $18.3 million, or $0.64 per fully diluted share, approximately 8% above $0.60 per fully diluted share in 2006, which was restated from a reported $0.59 per fully diluted share. For the nine months ended September 30, 2007, net income was $55.5 million versus a restated $44.9�million in the comparable 2006 period and fully diluted earnings per share were $1.95 versus a restated $1.55 in the comparable 2006 period. The nine-month 2006 results included a special charge of $0.27 per fully diluted share. During the third quarter of 2007, a recovery of insurance claims net of tax adjustments added $0.02 per fully diluted share to our earnings. Assets Under Management � $31.6 Billion at September 30th Assets Under Management (AUM) were a record $31.6 billion as of September 30, 2007, 3.3% higher than June 30, 2007 AUM of $30.6 billion and 18.9% higher than September 30, 2006 AUM of $26.6 billion.