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Tokyo stocks open lower on rising yen, U.S. credit worries+

May 21, 2009 6:38 pm | by The Associated Press | News | Comments

TOKYO, May 22 (Kyodo) — Tokyo stocks opened sharply lower Friday on a surging yen, with selling pressure mounting after fears over growing U.S. debt and risk of a credit rating downgrade triggered a simultaneous fall in U.S. stocks, bonds and the dollar overnight.In the first 15 minutes of trading,...

First African head of state visits Obama, US

May 21, 2009 6:37 pm | by The Associated Press | News | Comments

WASHINGTON (AP) — President Barack Obama has welcomed his first African head of state to the White House.Obama welcomed Jakaya Kikwete to the Oval Office on Thursday. The two leaders talked about how their countries could work together on health, education and agriculture.The White House says Obama...

Yale dean: US must follow international law, CT

May 21, 2009 6:37 pm | by The Associated Press | News | Comments

HARTFORD, Conn. (AP) — President Barack Obama's nominee to be the State Department's legal adviser says the United States must obey international law to maintain its moral authority to lead the global community.Harold Koh, dean of Yale Law School and a possible nominee to the U.S. Supreme Court,...

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Ill. lawmakers send construction plan to governor, APFN

May 21, 2009 6:37 pm | by CHRISTOPHER WILLS - Associated Press Writer - Associated Press | News | Comments

SPRINGFIELD, Ill. (AP) — Illinois lawmakers approved a massive public works program Thursday, presenting Gov. Pat Quinn with the difficult decision of whether to sign off on a tax increase and gambling expansion to pay for the construction.The long-awaited program is meant to put hundreds of...

Money fund assets fell to $3.774T in latest week

May 21, 2009 6:37 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Total money market mutual fund assets fell by $16.66 billion to $3.774 trillion for the week, the Investment Company Institute said Thursday.Assets of the nation's retail money market mutual funds fell by $2.03 billion in the latest week to $1.276 trillion.Assets of taxable money...

Alkermes 4Q loss narrows but misses estimates, APFN

May 21, 2009 6:37 pm | by The Associated Press | News | Comments

CAMBRIDGE, Mass. (AP) — Biotech drug developer Alkermes Inc. said Thursday it narrowed its fiscal 2009 fourth-quarter loss, but results still fell shy of Wall Street expectations.Alkermes reported a loss of $13.6 million, or 14 cents per share, compared with a loss of $18.3 million, or 19 cents per...

HL:American bounty hunter remaining in custody until deportation@

May 21, 2009 6:37 pm | by Bill Graveland@Associated Press | News | Comments

CALGARY — An American bounty hunter with a price on his head was ordered held in custody in Calgary until his deportation to the United States to face a number of criminal charges, including forcible confinement.Matthew David Parker, 27, has been living in Canada for the past five years, but was...

Aerolineas Argentinas to buy 20 jets from Embraer, LT

May 21, 2009 6:37 pm | by The Associated Press | News | Comments

BUENOS AIRES, Argentina (AP) — Argentina's president says her country's biggest airline has signed a contract to buy 20 planes from Brazilian jetmaker Embraer.President Cristina Fernandez says the aircraft will be the first new jets for Aerolineas Argentinas SA in 16 years. The airline was...

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J & J to buy Cougar to boost cancer drug offering, 1st Ld-Writethru

May 21, 2009 6:31 pm | by The Associated Press | News | Comments

NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson said Thursday it will buy Cougar Biotechnology Inc. for about $894 million in cash in a move to bulk up its cancer drug portfolio.New Brunswick, N.J.-based J&J said it will pay $43 per share for the Los Angeles-based biopharmaceutical company,...

HL:QLT says U.S. court limits scope of Massachusetts General Hospital lawsuit@

May 21, 2009 6:31 pm | by The Associated Press | News | Comments

VANCOUVER — QLT Inc. (TSX:QLT) said Thursday that a U.S. court has limited the scope of a lawsuit filed by the Massachusetts General Hospital against the company."The decision of the district court means that MGH can continue its lawsuit against QLT in the district court only on the claim made...

Friday, May 29, NA

May 21, 2009 6:31 pm | by The Associated Press | News | Comments

Today is Friday, May 29, the 149th day of 2009. There are 216 days left in the year.Highlights in history on this date:1453 - Turks capture Constantinople, capital of Byzantine Empire. Some historians list date as end of Middle Ages.1692 - British fleet defeats French Navy at La Hogue, ending...

News from around Wisconsin at 6:58 p.m. CDT, WI

May 21, 2009 6:31 pm | by The Associated Press | News | Comments

Wis. lawmakers approve prevailing wage expansionMADISON, Wis. (AP) — Construction companies would have to pay the prevailing wage on projects partially funded with public dollars under a plan the Legislature's budget-writing committee approved Saturday.Supporters say the move will result in more...

Networks Gets Court Approval for All First Day Chapter 11 Motions Including $25 Million of Initial Funding Business Editors/TV/Cable Writers

May 21, 2009 6:31 pm | by The Associated Press | News | Comments

NEW YORK-- (BUSINESS WIRE) — May 22, 2009-- ION Media Networks, Inc. ("ION"), owner and operator of the ION Television network, today announced that the United States Bankruptcy Court for the Southern District of New York has granted all of the company's first day requests.Court approval includes...

Northern Maine mill lays off 43, ME

May 21, 2009 6:31 pm | by The Associated Press | News | Comments

NEW LIMERICK, Maine (AP) — Louisiana-Pacific has laid off 43 employees at its mill in New Limerick.The Bangor Daily News on Thursday quoted company spokesman Mary Cohn as saying the layoffs were the result of poor market conditions and would be temporary for most of those affected.The New Limerick...

A look at Colo. education bills signed into law, CO

May 21, 2009 6:31 pm | by The Associated Press | News | Comments

— Senate Bill 256: The annual act laying out school funding provides some additional money for schools that boost the performance of at-risk students. School spending is required to increase each year under voter-approved Amendment 23, although lawmakers did consider cutting $110 million because of...

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