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Saks shares drop after analyst cuts price targets, APFN

May 20, 2009 11:58 am | by The Associated Press | News | Comments

NEW YORK (AP) — Shares of Saks Inc. slid Wednesday after an analyst cut his price target for the luxury retailer and said it doesn't expect earnings to reach normal levels until 2012.Saks reported a loss of $5.1 million, or 4 cents per share, for the first quarter Tuesday compared with a profit of...

US diplomat seeks to ease tensions with Bolivia, LT

May 20, 2009 11:58 am | by The Associated Press | News | Comments

LA PAZ, Bolivia (AP) — A top U.S. diplomat said Wednesday that Washington hopes for a "new direction" in troubled relations with Bolivia, where he arrived for talks with President Evo Morales.The visit by Thomas Shannon, the assistant secretary of state for Western Hemisphere affairs, comes eight...

Group says some home warranties may break SC law, SC

May 20, 2009 11:58 am | by The Associated Press | News | Comments

COLUMBIA, S.C. (AP) — A coalition of about 70 consumer and justice groups have sent a letter to South Carolina Attorney General Henry McMaster asking him to investigate home warranties they think violate state law.Fair Arbitration Now says builders often give homeowners a warranty as a gift, but...

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Ebix buys Facts Services for $6.5 million, APFN

May 20, 2009 11:58 am | by The Associated Press | News | Comments

ATLANTA (AP) — Ebix Inc., which provides software to insurers, said Wednesday it bought Facts Services Inc. for $6.5 million in cash.Facts Services provides software and hardware for health care payers, specializing in claims processing, employee benefits, risk management, cost containment and...

Accused drug cartel hitman to be arraigned, TX

May 20, 2009 11:58 am | by The Associated Press | News | Comments

LAREDO, Texas (AP) — A man accused of belonging to a group of young hit men who were enforcers for a Mexican drug cartel was expected to be arraigned Friday in the shooting deaths of a man and his teenage nephew along a Texas highway.Federal prosecutors contend Armando Garcia, 22, was a member of...

Lawyers still arguing over jury's verdict, 1st Ld-Writethru, KY

May 20, 2009 11:58 am | by The Associated Press | News | Comments

FRANKFORT, Ky. (AP) — Two disbarred lawyers convicted of defrauding former clients in a diet drug case are arguing over how much the jury ordered them to forfeit.Federal prosecutors say last month's verdict directs former lawyers William Gallion and Shirley Cunningham to pay $30 million in...

Sunstone Hotel Investors sells Napa hotel, APFN

May 20, 2009 11:57 am | by The Associated Press | News | Comments

SAN CLEMENTE, Calif. (AP) — Sunstone Hotel Investors Inc., a hotel real estate investment trust, said Wednesday it sold a Marriott hotel in Napa, Calif., for $36 million to an undisclosed buyer.The sale is scheduled to close on Wednesday.Sunstone estimated that the 274-room property would require...

International Paper receives bond tender offers, APFN

May 20, 2009 11:52 am | by The Associated Press | News | Comments

NEW YORK (AP) — International Paper Co. said Wednesday it had received about $874 million valid tender offers for a bond offering.The company accepted the offers, which represent 82 percent of the $1 billion-plus principal amount of the bonds outstanding before the tender offer was made. The offer...

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Company to sell division, close SC plant, SC

May 20, 2009 11:52 am | by The Associated Press | News | Comments

SPARTANBURG, S.C. (AP) — A South Carolina-based company says it will sell its automotive cloth division to a management group and close one of its plants where 140 are employed.Spartanburg-based Milliken & Co. announced the sale Wednesday, citing a desire to focus on other markets that already...

NJ gov defends rebate check elimination, NJ

May 20, 2009 11:52 am | by BETH DeFALCO - Associated Press Writer - Associated Press | News | Comments

TRENTON, N.J. (AP) — New Jersey Gov. Jon S. Corzine on Wednesday defended his proposal to eliminate property tax rebates as part of a plan to close a looming budget gap, saying the public will understand and promising to restore the rebates as soon as the economy improves."The fact is, we don't...

Police question 2 men I-40 slayings, 1st Ld-Writethru, AR

May 20, 2009 11:52 am | by The Associated Press | News | Comments

NORTH LITTLE ROCK, Ark. (AP) — State police have questioned two of three people they have sought for information about two bodies that were found along Interstate 40 in North Little Rock.The remains of 24-year-old Ahki Hughes and 48-year-old Tammy Lawrence were found on May 9. Both suffered gunshot...

Miles City scientist invented vaccines, MT

May 20, 2009 11:52 am | by DIANE COCHRANAssociated Press | News | Comments

BILLINGS, Mont. (AP) — What would Dr. Maurice Hilleman do?That question has almost certainly crossed the minds lately of people who know of Hilleman, a skilled scientist who invented some 40 vaccines, including eight of the 14 childhood vaccines commonly used in the United States.How would...

NM to get $27.5 million for water projects, NM

May 20, 2009 11:52 am | by The Associated Press | News | Comments

SANTA FE, N.M. (AP) — Nearly two dozen New Mexico communities will share in more than $27 million in federal stimulus money for drinking water and wastewater infrastructure projects.Gov. Bill Richardson announced the funding Wednesday, saying the projects are critical to helping improve the...

Central Command Team Releases Interim Findings On Farah Battle

May 20, 2009 11:52 am | by The Associated Press | News | Comments

xfdad AD-CENTRAL-COMMAND skedREGULATORY INTELLIGENCE DATA BASEMay 20, 2009DEPARTMENT OF DEFENSEAGENCY GROUP 09703-695-0192INDSTRY GROUP 91REGION GROUP 12CENTRAL COMMAND TEAM RELEASES INTERIM FINDINGS ON FARAH BATTLECQ Transcriptions, LLC1255 22nd Street N.W.Washington, D.C....

Domtar plans cash tender for $250 million in notes, APFN

May 20, 2009 11:52 am | by The Associated Press | News | Comments

Paper and wood products company Domtar Corp. said on Wednesday that it would commence a cash tender offer for up to $250 million worth of its 7.875 percent notes due in 2011.The offer expires at midnight EDT on June 16 unless it's extended.Domtar said it would pay $1,010 for each $1,000 in...

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