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Keep emotions in check: Q & A with top fund manager, US

May 21, 2009 5:32 pm | by TREVOR DELANEY - AP Personal Finance Editor - Associated Press | News | Comments

NEW YORK (AP) — Mutual fund managers are human too. Their nerves can be frayed by a volatile market just like the rest of us."There's a difference between feeling emotional and acting emotionally," said Steve Romick, manager of FPA Crescent fund, "so my investment actions are clinical."It's a calm...

Review: 'Up' takes 3-D animation to new heights, US

May 21, 2009 5:31 pm | by CHRISTY LEMIRE - AP Movie Critic - Associated Press | News | Comments

LOS ANGELES (AP) — "Up." The title is deceptively simple, which is fitting, because the latest achievement from Pixar Animation is deeper and more complex on every level than it would initially appear.It's a classic B-movie exotic adventure, the kind that inspired Steven Spielberg and George Lucas...

Senate passes $91.3 billion war funding bill, 6th Ld-Writethru, US

May 21, 2009 5:31 pm | by ANDREW TAYLOR - Associated Press Writer - Associated Press | News | Comments

WASHINGTON (AP) — The Senate on Thursday passed a $91.3 billion military spending bill, shorn of money President Barack Obama wants to close the Guantanamo Bay prison but allowing him to significantly ramp up the U.S. war in Afghanistan.The Senate voted 86-3 to pass the bill, which provides money...

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$116 million UA dorms to house hundreds, 1st Ld-Writethru, AZ

May 21, 2009 5:31 pm | by The Associated Press | News | Comments

TUCSON, Ariz. (AP) — Preliminary construction has begun on a $116 million project to build two new University of Arizona residence halls that will house more than 1,000 students.University officials say the project will generate nearly 1,100 direct jobs lasting one year and almost 300 more...

HL:Internet and demand for 'free' content posing challenge to traditional media@

May 21, 2009 5:26 pm | by LuAnn LaSalle@Associated Press | News | Comments

MONTREAL — The Internet and the word "free" are so entwined when it comes to getting news and information online from mainstream media outlets that consumers aren't going to want to give it up, says a Swedish media executive.Instead, newspapers will have to keep adapting to the online world and...

Florida man charged in $44 million Ponzi scheme, APFN

May 21, 2009 5:26 pm | by The Associated Press | News | Comments

WEST PALM BEACH, Fla. (AP) — A Boca Raton, Fla., businessman has been charged with running a $44 million Ponzi scheme that defrauded dozens of investors.Five counts of mail fraud were lodged Thursday against 37-year-old Michael Riolo. Each charge carries a maximum 20-year prison sentence.Federal...

Dress Barn 3Q profit drops 4 pct, boosts 2009 view, APFN

May 21, 2009 5:26 pm | by The Associated Press | News | Comments

SUFFERN, N.Y. (AP) — Women's clothing retailer Dress Barn Inc. on Thursday posted a decline in fiscal third-quarter profit, but results still topped Wall Street expectations on a gain in same-store sales.Profit for the quarter ended April 25 decreased 4 percent to $23.9 percent, or 39 cents per...

Baltimore County loses $700K suit filed by vendor, MD

May 21, 2009 5:25 pm | by The Associated Press | News | Comments

TOWSON, Md. (AP) — Attorneys for a petroleum vendor say a federal judge has awarded their client $700,000 in a breach-of-contract suit against Baltimore County.Attorneys for the vendor, Petroleum Traders Corp., said in a statement released Thursday that Baltimore County broke the contract in an...

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Bio on Det schools financial manager Robert Bobb, MI

May 21, 2009 5:25 pm | by The Associated Press | News | Comments

NAME: Robert BobbAGE: 63EDUCATION: Bachelor's in political science, Grambling State University; master's of science in business, Western Michigan University; certificate program for Senior Executives in State and Local Governments, Harvard University's John F. Kennedy School of Government.CAREER:...

HL:Canada threatens trade action against U.S. 'black liquor' wood subsidy@

May 21, 2009 5:25 pm | by Julian Beltrame@Associated Press | News | Comments

OTTAWA — Canada and several other countries are threatening to take the United States before the world trade body over so-called "black liquor" subsidies to American pulp mills.In a joint letter to Congress, Canadian ambassador to Washington Michael Wilson and his counterparts call on the United...

HL:Pakistani nukes secure, despite MacKay warnings: report@

May 21, 2009 5:25 pm | by Murray Brewster@Associated Press | News | Comments

OTTAWA — Security around Pakistan's nuclear weapons is "credible" and the threat of them falling into the hands of terrorists or rogue army commanders is remote, Canadian military analysts have concluded.The assessment, contained in a briefing note last year to the country's top military commander,...

Red Robin Gourmet Burgers posts lower 1Q profit, APFN

May 21, 2009 5:25 pm | by The Associated Press | News | Comments

GREENWOOD VILLAGE, Colo. (AP) — Casual dining chain Red Robin Gourmet Burgers Inc. said Thursday its first-quarter earnings dropped 47 percent because of charges and a decline in sales at restaurants open at least a year. Although adjusted profit beat Wall Street expectations, a weak outlook sent...

Dollar hits new multimonth low vs euro, pound, yen, 1st Ld-Writethru, US

May 21, 2009 5:25 pm | by The Associated Press | News | Comments

NEW YORK (AP) — The dollar kept falling Friday, notching fresh multimonth lows against the euro, pound and yen as a warning that Britain's debt level may result in its credit rating being cut ricocheted into worries about the massive U.S. deficit.The 16-nation euro rose to $1.4011 in late New York...

Major provisions of House climate and energy bill, 1st Ld-Writethru, US

May 21, 2009 5:25 pm | by The Associated Press | News | Comments

The major provisions of the House climate and energy bill call for:— Reducing greenhouse gases by 17 percent from 2005 levels by 2020 and 83 percent by 2050 through a cap-and-trade program that allows pollution permits to be bought and sold.— Capping emissions from major industrial sources,...

NY governor: Grants to spur clean energy jobs, APFN

May 21, 2009 5:24 pm | by MICHAEL GORMLEY - Associated Press Writer - Associated Press | News | Comments

ALBANY, N.Y. (AP) — New York Gov. David Paterson says state grants will leverage $95 million in federal economic stimulus funds to create as many as 400 research jobs for clean energy projects statewide.The stimulus money and more than $10 million in state grants will provide funds for projects at...

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