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Evaluating Credit Card Legislation on U.S. Bank & ABS Ratings/Performance Business Editors

May 26, 2009 8:53 am | by The Associated Press | News | Comments

NEW YORK-- (BUSINESS WIRE) — May 26, 2009-- With the Cardholders' Bill of Rights Act of 2009 (H.R. 627) now signed into law, most focused credit card lenders will experience a net negative on longer-term growth and profitability, according to Fitch Ratings, which is evaluating the implications of...

Automating App Delivery Business Editors/High-Tech Editors

May 26, 2009 8:52 am | by The Associated Press | News | Comments

RALEIGH, N.C.-- (BUSINESS WIRE) — May 26, 2009-- Unprecedented cost pressures and the emergence of virtualization and cloud have forced CIOs to take a hard look at their IT strategies. The conclusion? IT has become far too focused on infrastructure, at the expense of the business applications that...

HL:Pacific Safety Products Q3 profit improves on operational changes, lower corporate expenses@

May 26, 2009 8:52 am | by The Associated Press | News | Comments

KANATA, Ont. — Pacific Safety Products Inc. (TSXV:PSP), a maker of body armour for police and military use, says operational improvements and lower expenses helped its third-quarter profit to grow 39 per cent.It reported Tuesday a net income of $417,000 for the quarter ended March 31. That compared...

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Tyson Foods spent $592K lobbying government in 1Q, APFN

May 26, 2009 8:47 am | by The Associated Press | News | Comments

WASHINGTON (AP) — Tyson Foods Inc., the nation's largest meat producer, spent more than $592,004 in the first quarter to lobby on meat labeling, tax credits and other issues, according to a recent disclosure report.The Springdale, Ark.-based company also lobbied on ethanol, climate change, trade...

Ohio-based Goodyear ending 820 jobs in France

May 26, 2009 8:47 am | by The Associated Press | News | Comments

AKRON, Ohio (AP) — Goodyear Tire & Rubber Co. plans to end consumer tire production at a plant in Amiens, France, as part of its strategy to reduce high-cost manufacturing.The decision announced Tuesday means Goodyear is cutting 820 of 1,200 jobs at the plant by the third quarter of 2010. The...

UN condemns upsurge in fighting in Somalia, 1st Ld-Writethru, UN

May 26, 2009 8:47 am | by EDITH M. LEDERER - Associated Press Writer - Associated Press | News | Comments

UNITED NATIONS (AP) — The U.N. Security Council voted unanimously Tuesday to condemn the recent upsurge in fighting in Somalia and called for an end to actions that undermine the country's Western-backed government.The resolution adopted by the 15-member council emphasized that Somalia's long-term...

Int'l Dairy Foods Assn. spent $165K lobbying in 1Q, APFN

May 26, 2009 8:47 am | by The Associated Press | News | Comments

WASHINGTON (AP) — The International Dairy Foods Association — whose members include Dean Foods Co., Lifeway Foods Inc. and ConAgra Foods Inc. — spent $165,000 in the first quarter to lobby on nutrition policy, dairy pricing and other issues, according to a recent disclosure report.The trade group...

FedEx rises, analyst softens tone after downgrade

May 26, 2009 8:42 am | by The Associated Press | News | Comments

NEW YORK (AP) — Shares of FedEx Corp. rose Tuesday as a Stifel Nicolaus analyst who recently downgraded the stock gave a more upbeat outlook for the freight shipper, which has been hurt as recession undermines demand for shipping.Analyst David Ross said he visited a FedEx express hub and a ground...

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Davenport announces bid for Ark. land commissioner, AR

May 26, 2009 8:42 am | by The Associated Press | News | Comments

LITTLE ROCK, Ark. (AP) — State Rep. Monty Davenport says he'll run for state land commissioner in the 2010 election.Davenport, a Democrat from Yellville, on Tuesday announced his bid for the post. Davenport so far is the only candidate to have announced for the office. State Land Commissioner Mark...

Food marketers spent nearly $1.1M lobbying in 1Q, NH

May 26, 2009 8:42 am | by The Associated Press | News | Comments

WASHINGTON (AP) — The Food Marketing Institute, whose members include Safeway Inc. and Kroger Co., spent nearly $1.1 million in the first quarter to lobby on food safety, retail crime and other issues, according to a recent disclosure report.The trade group for food retailers and wholesalers also...

Coalition: Chevron Falls Short On Disclosure Obligations Relating to $27 Billion Ecuador Liability, Says RiskMetrics International News Desks/Energy Editors/Environment Writers

May 26, 2009 8:42 am | by The Associated Press | News | Comments

NEW YORK-- (BUSINESS WIRE) — May 26, 2009-- In another setback to Chevron management, a leading investment advisory group is urging the oil giant to disclose more details of a potential $27 billion environmental liability in Ecuador just before what is expected to be a major showdown on the issue...

Benton City poultry growers join community farms, 1st Ld-Writethru, WA

May 26, 2009 8:42 am | by INGRID STEGEMOELLERAssociated Press | News | Comments

BENTON CITY, Wash. (AP) — Neighbors and friends shared breakfast on a recent sunny Saturday at a Benton City farm in preparation for their weekend task of slaughtering 300 free-range chickens.Greene Hills Farm owners Jamie Calley and Stephanie Greene had raised the chickens on a rotation of pasture...

BW)(NY-MURRAY-FRANK- & -SAILER)(UNCLQ.NQB) Murray, Frank & Sailer LLP Reminds Investors of June 19, 2009 Lead Plaintiff Deadline in Securities Class Action Lawsuit Against Certain Of...

May 26, 2009 8:41 am | by The Associated Press | News | Comments

NEW YORK-- (BUSINESS WIRE) — May 26, 2009-- Murray, Frank & Sailer LLP reminds current and former shareholders of MRU Holdings, Inc. ("MRU" or the "Company") (OTC:UNCLQ; formerly NASDAQ:UNCL) who suffered losses from investment in MRU securities during the period between July 9, 2007 and September...

Morgan Stanley trader fined, banned, EU

May 26, 2009 8:41 am | by The Associated Press | News | Comments

LONDON (AP) — Britain's financial services regulator fined and banned a Morgan Stanley trader on Tuesday for putting customers at a disadvantage by pre-hedging trades without their consent — the third sanction linked to the bank in the last two weeks.The Financial Services Authority said senior...

Beer Institute spent $170K lobbying gov't in 1Q, APFN

May 26, 2009 8:41 am | by The Associated Press | News | Comments

WASHINGTON (AP) — The Beer Institute spent $170,000 in the first quarter to lobby on advertising, labeling and other issues, according to a recent disclosure report.The trade group — whose members include Anheuser-Busch InBev, Heineken USA Inc. and MillerCoors — also lobbied on regulatory matters...

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