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Greenbrier buyer says he's settled with Marriott, 1st Ld-Writethru, WV

May 18, 2009 1:13 pm | by TIM HUBER - AP Business Writer - Associated Press | News | Comments

CHARLESTON, W.Va. (AP) — Marriott International and the new owner of The Greenbrier have settled their differences over the $20.1 million purchase of the historic West Virginia resort that once was a playground for the prominent and rich, both sides said Monday.New owner Jim Justice said an...

New Jersey mayors briefed on economic stimulus act, APFN

May 18, 2009 1:13 pm | by The Associated Press | News | Comments

TRENTON, N.J. (AP) — New Jersey political leaders say the state will receive more than $17 billion in total benefits from the federal economic stimulus act over the next three years.At a meeting in Trenton on Monday, Gov. Jon Corzine and U.S. Sens. Frank Lautenberg and Robert Menendez briefed some...

Foundation Center Partners With Grantmakers for Effective Organizations to Offer Members New Philanthropy In/Sight(tm) Mapping Tool

May 18, 2009 1:13 pm | by The Associated Press | News | Comments

ATTENTION: Assignment, Technology editorsNEW YORK, May 18 (AScribe Newswire) -- The Foundation Center has announced that Grantmakers for Effective Organizations (GEO) will serve as the exclusive beta site for its new mapping tool, "Philanthropy In/Sight(tm)," leading up to the product's release...

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Iowa auditor won't run for governor, IA

May 18, 2009 1:08 pm | by MIKE GLOVER - AP Political Writer - Associated Press | News | Comments

DES MOINES, Iowa (AP) — Republican state Auditor David Vaudt says he's decided against running for governor, arguing that seeking the office would prevent him from sounding the alarm about a state budget he sees as dangerously out of balance.Vaudt, a West Des Moines accountant, said many have urged...

M/I Homes issues public offering of 4M shares

May 18, 2009 1:08 pm | by The Associated Press | News | Comments

COLUMBUS, Ohio (AP) — Homebuilder M/I Homes Inc. announced Monday a proposed public offering of 4 million shares of common stock.The company will grant the underwriters an option to purchase an additional 600,000 shares to cover over-allotments. Proceeds will be used for general corporate purposes,...

RI gov orders one-day paycut for state workers, CORRECTION, RI

May 18, 2009 1:08 pm | by The Associated Press | News | Comments

PROVIDENCE, R.I. (AP) — Most state workers in Rhode Island will lose a day of pay as part of an attempt to close a massive budget deficit.Gov. Don Carcieri said Monday that the one-day pay cut is necessary to close a $70 million budget deficit for the fiscal year ending June 30. Even larger budget...

US Treasury: No plans to cap executive pay, 1st Ld-Writethru, US

May 18, 2009 1:08 pm | by JIM KUHNHENN - Associated Press Writer - Associated Press | News | Comments

WASHINGTON (AP) — Financial sector executives should not fear U.S. government imposed caps on their salaries even as the Obama administration moves to influence how firms pay their employees.Treasury Secretary Timothy Geithner said Monday that government should place "broad constraints" on the...

Dealer group in talks with Chrysler on franchises

May 18, 2009 1:08 pm | by BREE FOWLER - AP Auto Writer - Associated Press | News | Comments

NEW YORK (AP) — A group representing Chrysler dealers said Monday it is in talks with the automaker in hopes of getting it to scale back plans to terminate the franchise agreements of about a quarter of its dealers.Michael Bernstein, an attorney for the Chrysler National Dealer Council, said that...

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Supreme Court to decide validity of anti-fraud law, 2nd Ld-Writethru, US

May 18, 2009 1:08 pm | by MARCY GORDON - AP Business Writer - Associated Press | News | Comments

WASHINGTON (AP) — The Supreme Court will rule on the validity of a landmark anti-fraud law that served as Congress' response to the wave of corporate scandals starting with Enron.The justices said Monday they will consider a constitutional challenge to the 2002 Sarbanes-Oxley law from pro-business...

Royce Micro-Cap Trust to Suspend Managed Distribution Policy Business Editors/Financial Editors

May 18, 2009 1:07 pm | by The Associated Press | News | Comments

NEW YORK-- (BUSINESS WIRE) — May 18, 2009-- At a meeting held today, the Board of Directors of Royce Micro-Cap Trust approved the suspension of the Fund's 9% quarterly distribution policy for Common Stockholders in light of current market conditions and other factors. The 9% managed quarterly...

Morgan Stanley offers 27.7 million shares of MSCI, APFN

May 18, 2009 1:07 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Morgan Stanley on Monday said it is making a secondary offering of about 27.7 million shares of MSCI Inc.The public offering consists of the remainder of Morgan Stanley's ownership interest in MSCI.MSCI, an investment products and analytics provider, will not receive any proceeds...

Routing Efficient Interconnection Structure and Innovative Substrate Design Achieves Significant Cost Savings for Flip Chip Packages

May 18, 2009 1:02 pm | by The Associated Press | News | Comments

http://www.statschippac.com. () —STATS ChipPAC Ltd. ("STATS ChipPAC" or the "Company") (SGX-ST: STATSChP) today announced a new flip chip technology that offers a significant cost savings over standard flip chip packages with price points well below wire bond packages. STATS ChipPAC's low cost flip...

Georgia State U cutting 300 staff positions, GA

May 18, 2009 1:02 pm | by The Associated Press | News | Comments

ATLANTA (AP) — Georgia State University is cutting 300 staff positions to deal with reductions in state funding.University spokeswoman Andrea Jones said Monday that just 30 of the jobs are filled. She said no full-time faculty will be cut.Jones said the Atlanta university hopes to save $9 million...

Tenn. Ethics Commission fires executive director, 3rd Ld-Writethru, TN

May 18, 2009 1:02 pm | by LUCAS L. JOHNSON II - Associated Press Writer - Associated Press | News | Comments

NASHVILLE, Tenn. (AP) — The Tennessee Ethics Commission, facing an uncertain future, on Monday fired its executive director, in part over opinion pieces he wrote that they felt thrust the agency into partisan politics.Commissioners voted 5-1 to dismiss Bruce Androphy (an-DROH-fee). Besides citing...

HL:U.S. Supreme Court to review Conrad Black's fraud conviction@

May 18, 2009 1:02 pm | by Chris Wickens@Associated Press | News | Comments

TORONTO — The wheels of American justice finally started to turn Conrad Black's way Monday when the U.S. Supreme Court said it had agreed to review the fraud conviction that helped to put the disgraced media baron behind bars in 2007.The garrulous, bombastic Lord Black of Crossharbour, whose role...

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