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Intertainment Media Receives Financing Offer From Mutual Fund

May 21, 2009 9:40 am | by The Associated Press | News | Comments

Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE: INT) announced today that it has received interest from an international mutual fund to complete a non brokered equity offering ("Offering") of $1 Million CDN subject to board and TSX Venture approval.The Offering will...

Congresswoman seeks food safety specifics, 3rd Ld-Writethru, US

May 21, 2009 9:40 am | by ERICA WERNER - Associated Press Writer - Associated Press | News | Comments

WASHINGTON (AP) — A key lawmaker pressed FDA officials Thursday for specific plans to improve food safety, saying the agency's proposals to date aren't enough."A lot sounds to me like buzzwords from a past administration," Rep. Rosa DeLauro, D-Conn., told the Food and Drug Administration's new...

HL:The Canadian Press Business News Budget for Thursday, May 21, 2009@

May 21, 2009 9:40 am | by The Associated Press | News | Comments

BUSINESS EDITORS:@ Here are Canadian Press Business budget lines as of 10 p.m. ET. Plans may change as circumstances warrant.To contact CP Business by email, send messages to business(at) addition to the following, a story slugged BC-Flaherty-Credit-Cards has moved General...


D.C. United ownership change: MacFarlane bows out, 1st Ld-Writethru, SOC

May 21, 2009 9:34 am | by The Associated Press | News | Comments

WASHINGTON (AP) — D.C. United is going from two primary owners to one.Victor MacFarlane said Thursday he is selling his stake in the MLS club to partner Will Chang.San Francisco businessmen MacFarlane and Chang paid $33 million for the operating rights to United two years ago. MacFarlane became the...

Pistons star sues former business manager, 1st Ld-Writethru, BKN

May 21, 2009 9:34 am | by PAT EATON-ROBB - Associated Press Writer - Associated Press | News | Comments

HARTFORD, Conn. (AP) — Detroit Pistons basketball star Richard Hamilton has filed a federal lawsuit accusing his former business manager, already at the center of recruiting allegations at the University of Connecticut, of stealing about $1 million from him.The lawsuit was filed Monday in U.S....

College students describe what stresses them out, US

May 21, 2009 9:34 am | by The Associated Press | News | Comments

Eighty-five percent of college students surveyed in an Associated Press-mtvU poll reported feeling stressed in their daily lives in recent months, while 42 percent said they had felt down, depressed or hopeless several days during the past two weeks. Here's how some students — interviewed...

CommScope falls after announcing note, share offer, APFN

May 21, 2009 9:34 am | by The Associated Press | News | Comments

NEW YORK (AP) — CommScope Inc. shares sank Thursday afternoon after the network infrastructure company said it would offer 8 million common shares and $200 million in senior subordinated notes due 2015.Shares of CommScope fell $2.61, or 10.4 percent, to $22.42, in the first day of trading after the...

HL:Nuclear safety watchdog seeking expertise in reactors made by AECL's competitors@

May 21, 2009 9:34 am | by The Associated Press | News | Comments

OTTAWA — A bid by Atomic Energy of Canada Ltd. to build two nuclear reactors in Ontario may not be such a slam dunk after all.A government document shows Canada's nuclear-safety watchdog is quietly seeking expertise in the kind of reactors used by AECL's competitors.The Canadian Nuclear Safety...


Detroit Mayor confident on votes for Cobo deal, APFN

May 21, 2009 9:34 am | by COREY WILLIAMS - Associated Press Writer - Associated Press | News | Comments

BIRMINGHAM, Mich. (AP) — Newly elected Detroit Mayor Dave Bing believes he has the votes on the city council to push through what could be a last-minute expansion plan for aging Cobo Center.Details of Bing's plan have not been released, but it is similar to a $288 million proposal being brokered in...

Unemployment drops in Wisconsin to 8.8 percent, 1st Ld-Writethru, WI

May 21, 2009 9:29 am | by The Associated Press | News | Comments

MADISON, Wis. (AP) — Unemployment in Wisconsin dropped slightly to 8.8 percent in April, according to state figures released Thursday.The rate was down from 9.4 percent in March, the state Department of Workforce Development said. The agency estimated about 17,000 more people had a job in April...

Sector Snap: Cosmetics companies, APFN

May 21, 2009 9:29 am | by The Associated Press | News | Comments

NEW YORK (AP) — An analyst began coverage of cosmetics and personal care companies Thursday, saying they face a tough year but remain attractive long-term investments driven by aging populations and developing markets.Stifel Nicolaus & Co. analyst Mark Astrachan gave Avon Products Inc., Alberto...

Ecclestone will side with FIA vs. Ferrari over cap, 1st Ld-Writethru, CAR

May 21, 2009 9:29 am | by PAUL LOGOTHETIS - AP Auto Racing Writer - Associated Press | News | Comments

MONACO (AP) — Bernie Ecclestone is siding with governing body FIA in the push to introduce a Formula One budget cap in 2010.Ecclestone, who owns F1's commercial rights, said Thursday that he doesn't expect the sides to reach a settlement."Formula One will continue no matter what, we have a contract...

Philly passes $3.8B budget, awaits state approval, PA

May 21, 2009 9:28 am | by The Associated Press | News | Comments

PHILADELPHIA (AP) — Philadelphia City Council has approved a $3.8 billion budget that depends on state approval of a one-cent sales tax hike in the city.Council unanimously approved the plan Thursday. Mayor Michael Nutter supports it.The budget calls for deferring a portion of the city's pension...

9 to 14 tropical storms seen for US this season, US

May 21, 2009 9:28 am | by RANDOLPH E. SCHMID - AP Science Writer - Associated Press | News | Comments

WASHINGTON (AP) — Hurricanes will strike the United States this season, and Americans must be prepared, federal forecasters said Thursday. They predicted nine to 14 named tropical storms this year.Current projections call for a near normal year for hurricanes, Gerry Bell, lead Atlantic hurricane...

HL:Aeroplan says it doesn't fear Air Canada court filing or WestJet flyer program@

May 21, 2009 9:28 am | by Ross Marowits@Associated Press | News | Comments

MONTREAL — As it looks to spread its wings through acquisitions, loyalty rewards program Group Aeroplan (TSX:AER) said it is not overly worried about taking a hit from cash-strapped Air Canada (TSX:AC.B) or WestJet Airlines' introduction of a rival program later this year.While conceding to...


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