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Morgan Stanley reduces bonuses of some executives

May 22, 2009 1:55 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Morgan Stanley is changing the base salaries of several of its executive officers to reduce the level of bonuses they receive, the company said in a regulatory filing Friday.The move is meant to "to move away from a compensation program focused largely on annual incentive awards...

HL:Magna bid for Opel part of move to take advantage of growing Russian market@

May 22, 2009 1:49 pm | by Kristine Owram@Associated Press | News | Comments

TORONTO — The C$1.1-billion bid by Magna International Inc. (TSX:MG.A) for GM's Opel division in Germany is part of a broader plan by Canada's largest auto-parts maker to expand into the fast-growing and potentially lucrative Russian market, a source close to the company says."Russia has enormous...

Contents of Kan. energy legislation summarized, KS

May 22, 2009 1:49 pm | by The Associated Press | News | Comments

TOPEKA, Kan. (AP) — Here is a summary of energy legislation signed Friday by Gov. Mark Parkinson.Parkinson demanded approval of the bill as part of a deal he struck with Sunflower Electric Power Corp., allowing the Hays-based utility to build a coal-fired power plant outside Holcomb in Finney...

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MoneyGram to sell FSMC business to Solutran, APFN

May 22, 2009 1:49 pm | by The Associated Press | News | Comments

MINNEAPOLIS (AP) — Payment services firm MoneyGram International Inc. said Friday it will sell its FSMC business to Solutran, a privately held company based in Plymouth, Minn.Terms of the deal, which is expected to close in the third quarter, were not disclosed.Most of the 37 FSMC employees will...

Michigan gets $78 million for housing renovations, MI

May 22, 2009 1:49 pm | by The Associated Press | News | Comments

LANSING, Mich. (AP) — Michigan is getting $78 million through the federal stimulus program to help build or renovate rental housing for low-income residents.The U.S. Treasury Department announced grants Friday for the Michigan State Housing Development Authority.One of the projects Michigan expects...

Parlay Entertainment Announces Amendments to Stock Option Plan

May 22, 2009 1:49 pm | by The Associated Press | News | Comments

All amounts in Canadian DollarsParlay Entertainment Inc. (TSX VENTURE: PEI), the world's leading supplier of Internet bingo solutions, is pleased to announce that its board of directors approved, on May 20, 2009, amendments to its stock option plan effective May 15, 2009. Parlay is also pleased to...

Wash. moves to cut Medicaid prescription payments, 1st Ld-Writethru, WA

May 22, 2009 1:49 pm | by TIM KLASS - Associated Press Writer - Associated Press | News | Comments

SEATTLE (AP) — Washington state officials moved again Friday to cut Medicaid prescription reimbursement rates to drugstores but only by a third as much as previously sought.The proposed rate as of July 1 would be 84 percent of the average wholesale price for brand-name drugs, 2 percentage points...

S & P rates Hertz, says outlook is negative, APFN

May 22, 2009 1:49 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Standard & Poor's Ratings Services on Friday assigned a B long-term corporate credit rating to Hertz Global Holdings Inc. and a CCC+ rating to its 5.25 percent, $450 million convertible senior notes due 2014.S&P put Hertz on a negative outlook. It also assigned a "6'' recovery...

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A timeline of the Daniel Hauser case, MN

May 22, 2009 1:49 pm | by The Associated Press | News | Comments

Some notable events in the case of Daniel Hauser, 13-year-old Sleepy Eye boy who has refused chemotherapy for Hodgkin's lymphoma.___— Jan. 21, 2009: Daniel Hauser, age 12, goes to family doctor with a cough, fatigue and swollen lypmh nodes. Dr. James Joyce suspects lymphoma, refers Daniel to...

Reno-area customers face water rate increase, NV

May 22, 2009 1:49 pm | by The Associated Press | News | Comments

RENO, Nev. (AP) — Water rates are going up for 93,000 homes and businesses in the Reno area.Beginning June 1, customers on meters will see their bills increased by an average of about $1.10 per month. Flat-rate customers will see a larger increase of about $9.30 per month.In approving the increase...

Defense chief visits Bath Iron Works, 2nd Ld-Writethru, US

May 22, 2009 1:49 pm | by DAVID SHARP - Associated Press Writer - Associated Press | News | Comments

BATH, Maine (AP) — The Pentagon's decision to build all three of the Navy's next-generation destroyers at Maine's Bath Iron Works assures plenty of work for shipbuilders for "a considerable number of years into the future," Defense Secretary Robert Gates said Friday.Visiting a shipyard for the...

Former fisherman opens Juneau caricature business, AK

May 22, 2009 1:48 pm | by ERIC MORRISONAssociated Press | News | Comments

JUNEAU, Alaska (AP) — Gabriel Trujillo, an artist and former crab fisherman, turned to the bottle when a couple of his friends died in a fishing accident in 2004."All these tragic things happened and I started drinking really heavy," he said.Now with 3 years of sobriety under his belt, the 36 year...

Decade-old lawsuit over Edwards corruption revived, 1st Ld-Writethru, LA

May 22, 2009 1:48 pm | by ALAN SAYRE - Associated Press Writer - Associated Press | News | Comments

NEW ORLEANS (AP) — A lawsuit alleging that a spurned suitor for a Louisiana riverboat casino license in the 1990s was the victim of extortion from then-Gov. Edwin Edwards was revived Friday by the Louisiana Supreme Court.Without dissent, the high court sent the lawsuit filed by Astoria...

Yahoo's departing CFO to get $1.8M in severance, US

May 22, 2009 1:48 pm | by The Associated Press | News | Comments

SUNNYVALE, Calif. (AP) — Yahoo says it will pay its chief financial officer $1.8 million when he leaves the Internet company this summer.Besides the severance payment, Blake Jorgensen also will get up to 12 months of company-paid medical insurance after he steps aside as Yahoo's chief financial...

HL:Specialty Foods first quarter net profit falls to $2 million from $11.6 million@

May 22, 2009 1:38 pm | by The Associated Press | News | Comments

TORONTO — Specialty Foods Group Income Fund (TSXV:HAM.UN.H) says its net profit fell to just over US$2 million in the first quarter ended March 28 from nearly $11.6 million a year ago.Net sales from continuing operations rose to $61.4 million from $57 million, the Toronto-based food company said...

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