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HL:Pan Orient Energy first quarter net profit falls to $2.9 million from $3.4 million@

May 20, 2009 10:34 am | by The Associated Press | News | Comments

CALGARY — Pan Orient Energy Corp. (TSXV:POE), a Calgary-based company which operates in onshore Thailand, Indonesia and in Western Canada, reports its first quarter net profits fell to $2.9 million or six cents a share, compared with $3.4 million or seven cents a share for the first quarter of...

HL:Jacques Villeneuve opens racing academy north of Montreal@

May 20, 2009 10:34 am | by Tobi Cohen@Associated Press | News | Comments

MIRABEL, Que. — His racing career stalled at the side of the road, Jacques Villeneuve tried his hand as a singer and restaurateur, but now the former F1 world champion is giving back to the profession he loves by opening a driving academy.The Canadian driver describes his role in the partnership...

Personalized Anti-Cancer Vaccine Pivotal Phase III Results to be Presented at ASCO Plenary Session Business Editors/Health/Medical Writers

May 20, 2009 10:34 am | by The Associated Press | News | Comments

TAMPA, Fla.-- (BUSINESS WIRE) — May 20, 2009-- Biovest International, Inc. (Other OTC:BVTI), a majority-owned subsidiary of Accentia Biopharmaceuticals, Inc. (Other OTC:ABPIQ), today announced that BiovaxID(R), Biovest's personalized anti-cancer vaccine targeting B-cell blood cancers, will be...

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DWR Raises SWP Deliveries to 40 Percent

May 20, 2009 10:34 am | by The Associated Press | News | Comments

http://www.water.ca.gov/ () —The Department of Water Resources (DWR) announced today that it will increase the 2009 State Water Project (SWP) delivery allocation from 30 percent to 40 percent.Long-term SWP contractors will see an increase from 1,249,913 acre-feet to 1,666,550 acre-feet. This is the...

PPD shares fall after company names new CEO, APFN

May 20, 2009 10:34 am | by The Associated Press | News | Comments

NEW YORK (AP) — Shares of Pharmaceutical Product Development Inc. slid Wednesday after the contract drug research company hired a new chief executive and promoted its previous CEO to a new post.PPD said David Grange will become CEO on July 1, and Fredric Eshelman will take a newly created role as...

AG chooses Dayton firm in bank lawsuit, OH

May 20, 2009 10:29 am | by The Associated Press | News | Comments

DAYTON, Ohio (AP) — Ohio Attorney General Richard Cordray has selected a Dayton law firm as co-counsel in a federal class-action lawsuit against Bank of America Corp. by five public pension systems.Former Montgomery County Democratic chairman Dennis Lieberman is a partner in the firm. Cordray, a...

U.S. economy to contract up to 2.0% in 2009, Fed says+

May 20, 2009 10:29 am | by The Associated Press | News | Comments

WASHINGTON, May 20 (Kyodo) — (EDS: WILL BE LED)The Federal Reserve said Wednesday it anticipates the U.S. economy will contract 1.3 percent to 2.0 percent in 2009, a faster pace of decline than it forecast in February.The central bank said in its previous economic projections that in terms of gross...

Iowa attorney general sues IA, WI fundraisers, 1st Ld-Writethru, IA

May 20, 2009 10:28 am | by MIKE GLOVER - Associated Press Writer - Associated Press | News | Comments

DES MOINES, Iowa (AP) — Iowa Attorney General Tom Miller has filed a consumer fraud lawsuit against a Des Moines company, accusing it of misleading people about the percentage of donations kept by the business.Miller announced at a news conference Wednesday that he also is joining prosecutors in 31...

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Colo. aircraft component maker lays off 57 workers, CO

May 20, 2009 10:28 am | by The Associated Press | News | Comments

FORT COLLINS, Colo. (AP) — A company that manufactures energy control systems for aircraft has laid off 57 people in its Fort Collins and Loveland plants.The layoffs were announced Tuesday. Woodward Governor officials cited declining demand for industrial engines, business jets and power...

Big US towers going cheap in distressed market, US

May 20, 2009 10:28 am | by AMY WESTFELDT - Associated Press Writer - Associated Press | News | Comments

NEW YORK (AP) — The 40-story skyscraper sits on a prime corner in the country's wealthiest commercial market, steps from the Museum of Modern Art and a few blocks from Rockefeller Center and Central Park.It recently sold for $100,000.The 1330 Avenue of the Americas building — which sold for close...

Shanty home of 2nd 'Slumdog' child star torn down, 7th Ld-Writethru, AS

May 20, 2009 10:28 am | by ERIKA KINETZ - Associated Press Writer - Associated Press | News | Comments

MUMBAI (AP) — The 9-year-old girl who starred in "Slumdog Millionaire" dodged pieces of falling debris as she tried to salvage twisted metal and splintered wood — all that remained of her bubble-gum pink home after authorities demolished part of a city slum where she lived.Months after their movie...

Mich. unemployment reaches 12.9 percent in April, 2nd Ld-Writethru, MI

May 20, 2009 10:28 am | by The Associated Press | News | Comments

LANSING, Mich. (AP) — Michigan's unemployment rate rose to 12.9 percent in April, its highest mark since late 1983.The state said Wednesday that Michigan's seasonally adjusted jobless rate was pushed up by large job losses in manufacturing and construction.Last month's jobless rate was the highest...

Wright State proposes worker buyouts, OH

May 20, 2009 10:28 am | by The Associated Press | News | Comments

DAYTON, Ohio (AP) — Wright State University in Dayton is proposing to offer more than 700 employees financial incentives to voluntarily leave their jobs. The move comes as the school seeks to save money and avoid possible layoffs.Executive Vice President Robert Sweeney said Wednesday as many as 130...

3 US soldiers killed by bomb in Baghdad, 7th Ld-Writethru, ML

May 20, 2009 10:28 am | by SINAN SALAHEDDIN - Associated Press Writer - Associated Press | News | Comments

BAGHDAD (AP) — Three American soldiers were killed Thursday in a bombing in Baghdad, the U.S. military said, part of a burst of violence only weeks before American combat troops are due to leave Iraqi cities.The attack was one of a series of bombings to hit Baghdad and the northern city of Kirkuk,...

SumTotal Receives Revised Acquisition Proposal from Vista Equity Partners Business Editors

May 20, 2009 10:28 am | by The Associated Press | News | Comments

MOUNTAIN VIEW, Calif.-- (BUSINESS WIRE) — May 20, 2009-- The Board of Directors of SumTotal(R) Systems, Inc. (NASDAQ: SUMT), the market leader and a global provider of talent development solutions, today confirmed that it has received a revised proposal from Vista Equity Partners ("Vista Equity")...

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