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BofA shares rise after it completes stock sale, 1st Ld-Writethru, US

May 20, 2009 8:01 am | by STEPHEN BERNARD - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — Bank of America Corp.'s ability to sell $13.47 billion in common stock in less than two weeks has increased perceptions the bank is improving its operations.Shares of Bank of America were among the biggest gainers in the sector Wednesday, jumping 56 cents, or 5 percent, to $11.81 in...

Colo governor signs bill creating transit division, 1st Ld-Writethru, CO

May 20, 2009 8:01 am | by The Associated Press | News | Comments

DENVER (AP) — Colorado Gov. Bill Ritter has signed a bill creating a new state agency coordinating transit and rail opportunities across the state.The measure signed Wednesday will create the Transit and Rail Division in the Colorado Department of Transportation to plan, promote and implement...

Lawrence apartment tenants told to leave, 1st Ld-Writethru, KS

May 20, 2009 8:01 am | by The Associated Press | News | Comments

LAWRENCE, Kan. (AP) — The owners of an apartment complex here where three people died in a 2005 arson fire have told all tenants to leave as soon as they can.An attorney for Boardwalk Apartments said Monday that the owners want to do "something different" with the property. The families of three...

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Interpublic hires GM executive Martin Walsh, 1st Ld-Writethru, APFN

May 20, 2009 8:01 am | by The Associated Press | News | Comments

NEW YORK (AP) — The Interpublic Group, a marketing agency that does work for General Motors Corp., said on Wednesday it has hired GM executive Martin Walsh to coordinate work for the car company.Walsh, 56, was most recently general manager for GM's Hummer division. He had been with GM 33 years,...

N.Y. stocks slightly higher on receded concern over banking sector+

May 20, 2009 7:55 am | by The Associated Press | News | Comments

NEW YORK, May 20 (Kyodo) — New York stocks rose slightly Wednesday morning on receded concern over the banking sector.The 30-issue Dow Jones Industrial Average, which fell 29.23 points Tuesday, gained 51.21 points to stand at 8,526.06 at 11:25 a.m. The Dow index briefly surged more than 110 points...

Cars could be donation stops in Nebraska, NE

May 20, 2009 7:55 am | by The Associated Press | News | Comments

LINCOLN, Neb. (AP) — The Legislature has passed a bill that would let cities enact laws allowing people to approach stopped cars and ask occupants for money.The times and locations people could ask for donations would have to be specified, which would thwart panhandlers. Local laws couldn't exclude...

Webcast Posted to Best's Review Web Site Business Editors/Insurance Writers

May 20, 2009 7:54 am | by The Associated Press | News | Comments

OLDWICK, N.J.-- (BUSINESS WIRE) — May 20, 2009-- The Best's Review(R) Webcast"Agency Finance and Valuation 2009: What's My Agency Worth?" is now available at www.bestreview.com/agency09. The panel presentation explored current valuation techniques and the mergers and acquisitions market for...

Commerce Split Corp.-Portfolio Update

May 20, 2009 7:54 am | by The Associated Press | News | Comments

Commerce Split Corp. ("the Company") was created to provide exposure to the common shares of Canadian Imperial Bank of Commerce ("CIBC") through two classes of securities, the Priority Equity Shares and the Class A Shares (a "Unit"). Since the inception of the Company on February 16, 2007 (27...

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De Niro, Norton star in movie at Michigan prison, MI

May 20, 2009 7:54 am | by The Associated Press | News | Comments

JACKSON, Mich. (AP) — A closed-down state prison in Jackson is the scene of a new movie starring Robert De Niro and Edward Norton.The state says filming began Wednesday morning for "Stone," a psychological thriller.De Niro plays a correctional officer who is seduced by the wife of Norton, who...

Company Selected to Present at California Israel Chamber of Commerce Cleantech Mission 2009 Business Editors

May 20, 2009 7:54 am | by The Associated Press | News | Comments

TEL AVIV, Israel-- (BUSINESS WIRE) — May 20, 2009-- 21Ventures, a New York-based venture capital firm with a portfolio of investments in the United States and Israel, announced today that ETV Motors (ETVM) was selected to present to participants in the Cleantech Mission to Israel sponsored by the...

Int'l auto dealers spent $280K lobbying in 1Q, APFN

May 20, 2009 7:54 am | by The Associated Press | News | Comments

WASHINGTON (AP) — The American International Automobile Dealers Association spent $280,000 in the first quarter to lobby on federal trade agreements and other issues, according to a recent disclosure report.The Alexandria, Va.-based trade group, which represents America's 11,000 international...

Albemarle shares jump after positive investor day, APFN

May 20, 2009 7:49 am | by The Associated Press | News | Comments

NEW YORK (AP) — Albermarle Corp.'s shares jumped on Tuesday a day after the specialty chemicals maker hosted its annual investor day, re-igniting confidence with its business outlook and growth strategy.Shares of the company climbed $1.63, or 6 percent, to $28.69 in morning trading.Jefferies & Co....

Making Bank For “Shoddy” Work

May 20, 2009 7:49 am | by Kimberly Hefling, Associated Press Writer | News | Comments

Military contractor KBR Inc. was paid $83.4 million in bonuses for electrical work in Iraq — much of it after the U.S. military's contract management agency recognized the contractor was doing shoddy electrical work, a senator said Wednesday

M Split Corp. -Portfolio Update

May 20, 2009 7:49 am | by The Associated Press | News | Comments

M Split Corp. ("the Company") was created to provide exposure to the common shares of Manulife Financial Corporation ("Manulife") through two classes of securities, the Priority Equity Shares and the Class A Shares (a "Unit"). Since the inception of the Company on April 18, 2007 (25 months ago) the...

TDb Split Corp.-Portfolio Update

May 20, 2009 7:49 am | by The Associated Press | News | Comments

TDb Split Corp. ("the Company") was created to provide exposure to the common shares of Toronto Dominion Bank ("TD Bank") through two classes of securities, the Priority Equity Shares and the Class A Shares (a "Unit"). Since inception of the Company on August 7, 2007 (21 months ago) the price of TD...

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