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Sector Snap: Industrial services companies falling

May 21, 2009 10:38 am | by The Associated Press | News | Comments

NEW YORK (AP) — Shares of engineering, construction and industrial services companies fell Thursday in the face of what one analyst called a "brutal economic slog."Citi Investment Research analyst Jeffrey T. Sprague, writing in a client note, said the question of whether the downdraft is easing is...

Another possible bid surfaces for bankrupt Coyotes, 2nd Ld-Writethru, HKN

May 21, 2009 10:38 am | by BOB BAUM - AP Sports Writer - Associated Press | News | Comments

PHOENIX (AP) — Another potential buyer has surfaced for the Phoenix Coyotes, one that would keep the team in Glendale, Ariz.An attorney for Las Vegas-based businessman John Breslow, who owns 3 percent of the Coyotes, said Wednesday that Breslow told the NHL he has formed a group interested in...

Malawi president wins re-election, 3rd Ld-Writethru, AF

May 21, 2009 10:38 am | by RAPHAEL TENTHANI - Associated Press Writer - Associated Press | News | Comments

BLANTYRE, Malawi (AP) — Malawi's President Bingu wa Mutharika, a former World Bank official credited with bringing economic gains to the southern African nation of 12 million, on Friday was declared the winner of a national election.With 93.25 percent of the votes counted, Electoral Commission...


Iowa Gov. Culver says he's done cutting, IA

May 21, 2009 10:37 am | by MIKE GLOVER - Associated Press Writer - Associated Press | News | Comments

DES MOINES, Iowa (AP) — Gov. Chet Culver has the power to veto individual parts of spending measures while signing the overall bills into law, but he says he doesn't plan to exercise that option.Speaking with reporters on Thursday, Culver maintained he had tough negotiations with legislative...

Minn. unemployment rate drops for 1st time in year, APFN

May 21, 2009 10:37 am | by The Associated Press | News | Comments

ST. PAUL, Minn. (AP) — Minnesota's unemployment rate dipped slightly in April, its first decline in a year.The unemployment rate fell to 8.1 percent in April from 8.2 percent in March.Minnesota employers cut 9,500 jobs during the month, about half the number of jobs lost in March, according to new...

Mayors want to delay FasTracks tax increase vote, CO

May 21, 2009 10:37 am | by The Associated Press | News | Comments

DENVER (AP) — Colorado mayors want to delay a proposal to ask voters for a sales-tax increase to make up for a funding shortfall in the FasTracks project.The Metro Mayors Caucus agreed Wednesday to wait another year to go to voters because of the impending retirement of Regional Transportation...

Fewer Travelers Expected at LAX for Memorial Day Weekend

May 21, 2009 10:32 am | by The Associated Press | News | Comments () —Los Angeles World Airports officials expect 730,000 passengers to pass through Los Angeles International Airport (LAX) during the Memorial Day travel period May 22-25, a decline of 10 percent compared to 2008.The drop in travelers for this traditional start of the summer...

House votes to crack down on tobacco black market, US

May 21, 2009 10:32 am | by The Associated Press | News | Comments

WASHINGTON (AP) — The House on Thursday approved tougher enforcement measures against contraband cigarette sales that make money for criminals, but cost federal, state and local governments billions of dollars.The bill, which passed 397-11, is especially aimed at Internet sales. Sellers on the...


Valero shares fall more than 4 pct after Dow deal, APFN

May 21, 2009 10:32 am | by The Associated Press | News | Comments

NEW YORK (AP) — Shares of Valero Energy Corp. fell in Thursday trading along with oil prices and just one day after the company said it would buy Dow Chemical's stake in a crude oil refinery in the Netherlands.Shares of the San Antonio-based company fell 92 cents, or 4.3 percent, to $20.70 in light...

Nonprofit targets 3 states for health lobbying, ME

May 21, 2009 10:32 am | by The Associated Press | News | Comments

LEWISTON, Maine (AP) — A national consumer group that's pushing for a public health care option is focusing its lobbying campaign this spring on Maine, North Carolina and Utah.Consumers Union, the nonprofit publisher of Consumer Reports magazine, said it has been going door-to-door in the...

HL:Obama and Cheney butt heads in duelling speeches on Guantanamo, security@

May 21, 2009 10:32 am | by Lee-Anne Goodman@Associated Press | News | Comments

WASHINGTON — A defiant Barack Obama defended his intention Thursday to close the controversial Guantanamo military prison, calling the Cuban jail a "mess" that's jeopardizing national security by serving as a recruiting centre for al-Qaida.But the U.S. president had barely stepped away from the...

Earnings roundup: Hormel, GameStop, APFN

May 21, 2009 10:32 am | by The Associated Press | News | Comments

Among the earnings stories for Thursday, May 21, from AP Financial News:MILWAUKEE (AP) — Hormel Foods Corp. said Thursday that its fiscal second-quarter profit edged up 4 percent as the maker of Spam and Dinty Moore stews sold more canned meats and Mexican products to budget-conscious...

HL:Jay Leno brings standup show to Ontario after hosting his last 'Tonight Show'@

May 21, 2009 10:32 am | by Bill Brioux@Associated Press | News | Comments

When you are about to take the biggest gamble of your career, where do you head? To a casino, of course.Jay Leno, who closes out 17 years as host of "The Tonight Show" on May 29 before embarking on a new, nightly, prime-time series, is taking his act to Casino Rama in Ontario cottage country.The...

HL:Artists, promoters get creative to draw crowds to concerts in recession@

May 21, 2009 10:31 am | by Nick Patch@Associated Press | News | Comments

TORONTO — The summer concert season is typically marked by extravagance: heavyweight bands, elaborate stage shows and packed festivals with extensive lineups of bands and even longer lineups for beer.But with most of the world mired in a deep recession, artists and promoters are being forced to get...

Ultron moving Buffalo operations to Ohio, NY

May 21, 2009 10:26 am | by The Associated Press | News | Comments

BUFFALO, N.Y. (AP) — Ultron Lift Corp. says it will phase out its Buffalo operations and shift work to an Ohio facility.The move will eliminate about 60 jobs in Buffalo.Ultron makes lift gates for trucks.An Ultron executive says declining demand in a poor economy led to the decision to shift the...


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