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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...


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...

State gets stimulus money for water projects, 1st Ld-Writethru, CA

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

LOS ANGELES (AP) — The U.S. Environmental Protection Agency is awarding California nearly $440 million in stimulus money to fund water projects around the state.The state Water Resources Control Board would get $280 million and the California Department of Public Health $159 million, largely to...

McBride seeks dialogue with reservation districts, 1st Ld-Writethru, WY

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

CHEYENNE, Wyo. (AP) — State Superintendent of Public Instruction Jim McBride says he is reaching out to tribal leaders to try to improve education on the Wind River Indian Reservation.McBride met recently with the Eastern Shoshone and Northern Arapaho business councils to discuss the three poorly...

LEAD: N.Y. stocks plunge on bleak job data+

May 21, 2009 5:24 pm | by The Associated Press | News | Comments

NEW YORK, May 21 (Kyodo) — (EDS: RECASTING WITH END OF TRADING)New York stocks tumbled on Thursday on bleak job data that refueled traders' concern over the future of the U.S. economy.The 30-issue Dow Jones Industrial Average, which lost 52.81 points Wednesday, shed an additional 129.91 points to...

Bill to define marriage in DC introduced in House, 1st Ld-Writethru, DC

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

WASHINGTON (AP) — A Republican-led group of lawmakers wants to define marriage in the District of Columbia as between a man and a woman.The group introduced a bill in the House on Thursday, hoping to thwart a city council vote this month recognizing same-sex marriages performed in other...

Conn. House passes regional incentives bill, APFN

May 21, 2009 5:23 pm | by The Associated Press | News | Comments

HARTFORD, Conn. (AP) — The Connecticut House of Representatives has overwhelmingly passed a bill that would encourage cities and towns to cooperate with one another and share resources.Starting in 2011, the legislation would provide a portion of state sales tax revenue to municipalities that...


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