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RI magistrate endorses nightclub fire settlements, RI

May 27, 2009 6:31 am | by The Associated Press | News | Comments

PROVIDENCE, R.I. (AP) — A federal magistrate judge has recommended that another judge approve more than a dozen settlements reached in lawsuits over a 2003 Rhode Island nightclub fire that killed 100 people.U.S. Magistrate Judge David Martin said in court papers that the agreements in lawsuits...

'Slumdog' filmmakers meet poor kid stars in Mumbai, 3rd Ld-Writethru, AS

May 27, 2009 6:31 am | by ERIKA KINETZ - Associated Press Writer - Associated Press | News | Comments

MUMBAI, India (AP) — The makers of "Slumdog Millionaire" met the film's two impoverished child stars on Wednesday and reassured them they will soon have new homes. But the father of one of the children stormed out, saying the filmmakers have not done enough to help.Rubina Ali, 9, and Azharuddin...

Earnings roundup: Staples, Chico's, APFN

May 27, 2009 6:31 am | by The Associated Press | News | Comments

Among the earnings stories for Wednesday, May 27, from AP Financial News:CHICAGO (AP) — Office-supply chain Staples Inc. said Wednesday its profit sank by a third in the first quarter as higher operating expenses and one-time costs more than outweighed the benefit from last summer's acquisition of...

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Earnings roundup: AutoZone, China Sunergy, APFN

May 27, 2009 6:30 am | by The Associated Press | News | Comments

Among the earnings stories for Wednesday, May 27, from AP Financial News:MEMPHIS, Tenn. (AP) — Automotive-parts retailer AutoZone Inc. said its fiscal third-quarter profit climbed 9 percent, helped by an increase in replacement-part sales as consumers held onto their cars longer.NEW YORK (AP) —...

HL:Magellan Aerospace gets piece of Radarsat satellite development contract@

May 27, 2009 6:30 am | by The Associated Press | News | Comments

TORONTO — The Winnipeg-based Bristol Aerospace division of Magellan Aerospace Corp. (TSX:MAL) has been chosen to design the service module section of new satellites for the Canadian Space Agency.The initial contract, valued at $6 million, is for the Phase B preliminary design of the satellite bus,...

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UBS CEO defends pay rise for investment bankers, EU

May 27, 2009 6:29 am | by The Associated Press | News | Comments

ZURICH (AP) — UBS AG's decision to raise the basic pay of some staff was "necessary" to stop them defecting to rivals, Chief Executive Oswal Gruebel said before a Swiss parliamentary debate Wednesday on whether to put in place a salary cap for the bank.UBS slashed staff bonuses last year in the...

Jeweler Zale posts bigger fiscal 3rd-quarter loss, APFN

May 27, 2009 6:29 am | by The Associated Press | News | Comments

DALLAS (AP) — Jeweler Zale Corp. said Wednesday it posted a bigger fiscal third-quarter loss because of a drop in same-store sales and tough economic conditions that diminished demand for jewelry.Zale posted a loss of $23.2 million, or 73 cents per share, compared with $16.8 million, or 40 cents...

B Of A Boosts Capital By $5.9B

May 27, 2009 6:25 am | News | Comments

Bank of America says it has agreed to exchange $5.9 billion in preferred shares for common stock as part of its plan to bolster its capital base.

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Worker accused of bilking Medicare with orders, AL

May 27, 2009 6:19 am | by The Associated Press | News | Comments

MOBILE, Ala. (AP) — A doctor's office employee has been accused of participating in a scheme to get Medicare to pay for electric wheelchairs for patients who did not need them.Dianne Steele, who worked as a secretary and office helper at Coastal Neurological Institute, already agreed to plead...

HL:TSX Venture Exchange up 1.30 points to 1,098.46 at open@

May 27, 2009 6:18 am | by The Associated Press | News | Comments

TORONTO — The TSX Venture Exchange stood at 1,098.46 up 1.30 points from Tuesday's close. The volume at 10 a.m. ET was at 27.93 million shares.

Troy Mine ends shutdown warnings, 2nd Ld-Writethru, MT

May 27, 2009 6:18 am | by The Associated Press | News | Comments

TROY, Mont. (AP) — With metals prices improving, management at Troy Mine has allowed warnings of a possible shutdown to expire."As a company, we're slowly getting our ducks into a row," said John Shanahan, president and CEO of Spokane, Wash.-based Revett Minerals, which owns Troy Mine. "Things are...

WVa AG challenges Chrysler dealership plan, WV

May 27, 2009 6:18 am | by The Associated Press | News | Comments

CHARLESTON, W.Va. (AP) — West Virginia Attorney General Darrell McGraw is challenging Chrysler's plan to terminate the franchise agreements of 17 dealerships in the state.McGraw said Wednesday he has filed an objection to the proposed cuts in bankruptcy court in New York, where Chrysler's...

Outlook roundup: Monsanto, American Eagle, APFN

May 27, 2009 6:18 am | by The Associated Press | News | Comments

Among the earnings projection stories for Wednesday, May 27, from AP Financial News:ST. LOUIS (AP) — Agricultural products maker Monsanto Co. said it expects to meet the low end of its fiscal 2009 earnings guidance range.PITTSBURGH (AP) — Teen apparel retailer American Eagle Outfitters Inc. said it...

Bondholders’ Rebellion Forces Bankruptcy

May 27, 2009 6:18 am | by Dan Strumpf, AP Auto Writers | News | Comments

A General Motors Corp. bankruptcy filing seemed inevitable after a rebellion by its bondholders forced it to withdraw on Wednesday a plan to swap bond debt for company stock.

Issues facing the Bulk GaN Market 2009 Business Editors

May 27, 2009 6:18 am | by The Associated Press | News | Comments

NEW YORK-- (BUSINESS WIRE) — May 28, 2009-- Reportlinker.com announces that a new market research report is available in its catalogue.Bulk GaN Market 2009http://www.reportlinker.com/p0120233/-Bulk-GaN-Market-2009.h mlIt details the major market metrics of the current and projected bulk /...

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