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China stock regulator issues new draft IPO rules, 1st Ld-Writethru, AS

May 22, 2009 6:05 am | by The Associated Press | News | Comments

SHANGHAI (AP) — China's securities regulator has issued new draft regulations on initial public offerings in a step toward a resumption of share listings.The new rules are meant to ensure that share prices more accurately reflect market demand, the China Securities Regulatory Commission said in a...

Florida senator wants insurance chief to resign, APFN

May 22, 2009 6:00 am | by BILL KACZOR - Associated Press Writer - Associated Press | News | Comments

TALLAHASSEE, Fla. (AP) — A state senator wants Florida's insurance commissioner to resign, calling him "duplicitous and untrustworty" in a letter to Gov. Charlie Crist.Sen. Mike Bennett, R-Bradenton, also wrote Insurance Commissioner Kevin McCarty a lengthy letter Thursday demanding that he resign...

Lawmakers given details on settlement, 1st Ld-Writethru, TX

May 22, 2009 6:00 am | by JIM VERTUNO - Associated Press Writer - Associated Press | News | Comments

AUSTIN, Texas (AP) — Texas must improve living conditions and medical care and more quickly investigate claims of abuse at the state's large institutions for the developmentally disabled, under a five-year settlement with the U.S. Justice Department.Details of the $112-million settlement — which...

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Vail Resorts executive to join Holiday Retirement, CO

May 22, 2009 5:59 am | by The Associated Press | News | Comments

BROOMFIELD, Colo. (AP) — Vail Resorts Inc. says Stan Brown is leaving as president of RockResorts and Vail Resorts Lodging Co. to become chief operating officer of Holiday Retirement Corp., a retirement housing provider.Brown's departure is effective June 19.Vail Resorts CEO Rob Katz will oversee...

for Safe Summer Play from the Toy Industry Association Parenting Writers/Business Editors/Consumer Products Writers

May 22, 2009 5:59 am | by The Associated Press | News | Comments

NEW YORK-- (BUSINESS WIRE) — May 22, 2009-- The warm days of summer are fast approaching and kids of all ages will soon be hitting beaches, parks and backyards to enjoy the outdoor play that makes the season so much fun. From gardening and building sets to sidewalk chalk and scooters, and from...

Goldman Sachs unit to buy Universal Studios Japan, AS

May 22, 2009 5:54 am | by The Associated Press | News | Comments

TOKYO (AP) — An investment fund unit of Goldman Sachs Group Inc. said Friday it will take over the Universal Studios Japan theme park for about 108.7 billion yen ($1.2 billion) after completing a tender offer.SG Investments will buy 2.19 million shares, or 98.48 percent, in USJ Co., the park's...

Wash. gov signs order to reduce greenhouse gases, APFN

May 22, 2009 5:54 am | by PHUONG LE - Associated Press Writer - Associated Press | News | Comments

SEATTLE (AP) — Washington Gov. Chris Gregoire signed an executive order aimed at reducing greenhouse gas emissions.The order includes aspects of a climate change bill that the governor had aggressively pushed but failed to pass in the recent legislative session.Among other things, it directs the...

Kinbauri Update on Legal Actions

May 22, 2009 5:54 am | by The Associated Press | News | Comments

Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE: KNB)(FRANKFURT: 3KG.DE) would like to advise its shareholders of the following items regarding the recent legal actions of Orvana Minerals Corp. ("Orvana") and Jaguar Financial Corporation ("Jaguar"). These actions were disclosed in Kinbauri's press...

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HL:Commodities support TSX; loonie soars; N.Y. lower amid economic worries@

May 22, 2009 5:54 am | by Malcolm Morrison@Associated Press | News | Comments

TORONTO — The Toronto stock market finished modestly higher Friday as commodity stocks helped claw back a small portion of Thursday's slide of almost three per cent.New York indexes were in the red going into the Memorial Day long weekend amid worries about the U.S. government's credit rating and...

HL:Sino-Forest expands bought deal financing to 30 million common shares to raise $330 million@

May 22, 2009 5:54 am | by The Associated Press | News | Comments

TORONTO — Toronto-based forestry company Sino-Forest Corp. (TSX:TRE), which runs tree plantations in China, says a syndicate of underwriters has agreed to expand a bought deal financing and will buy 30 million common shares of the company for $330 million.

Michigan defense supplier Demmer lays off 125, MI

May 22, 2009 5:53 am | by The Associated Press | News | Comments

LANSING, Mich. (AP) — Lansing-based Demmer Corp. has announced it's laying off about 125 employees because of a delay in securing military manufacturing work.The Lansing State Journal reports Thursday the defense, aerospace and automotive supplier is awaiting a contract that has been pushed back...

With Liddy leaving, AIG revamp reaches new phase

May 22, 2009 5:53 am | by STEPHEN BERNARD - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — After creating a plan to radically alter American International Group Inc.'s operations to help repay billions in government loans, chairman and chief executive Edward Liddy is leaving his vision for the insurer in the hands of a whole new set of managers.On Thursday, Liddy said he...

VIZIO Files TV Patent Infringement Lawsuit

May 22, 2009 5:50 am | News | Comments

Irvine, CA – VIZIO announces that it has filed a patent infringement lawsuit in the United States District Court for the Eastern District of Virginia against Funai Electric Company, Ltd., a Japanese distributor of digital televisions and related components and

HL:Ontario Power Generation confirms Niagara tunnel cost surge to $1.6B@, 2ndWritethru

May 22, 2009 5:48 am | by The Associated Press | News | Comments

TORONTO — Ontario Power Generation Inc. has confirmed that the anticipated cost of its massive tunnel project to boost hydroelectricity output at Niagara Falls's Adam Beck generating station has ballooned to $1.6 billion from $985 million.In a financial report Friday, OPG also pushed back the...

UK Honda workers endorse pay cut to protect jobs, EU

May 22, 2009 5:48 am | by The Associated Press | News | Comments

LONDON (AP) — Workers at Honda's U.K. factory have voted for a temporary pay cut to protect 490 jobs, their union said Friday.Autoworkers are due to return to duty at the Honda plant in Swindon, southern England, on June 1 following a four-month layoff intended to work off the company's inventory...

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