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Feds give $50M in aid to towns hit by auto layoffs, 1st Ld-Writethru, US

May 21, 2009 5:56 am | by The Associated Press | News | Comments

DAYTON, Ohio (AP) — The federal government will give car-manufacturing communities $50 million in grants to train laid-off workers for jobs in the energy efficiency and renewable energy sectors, the White House's auto recovery leader said Thursday.The funds also will provide job counseling and...

China, U.S. among Japan's concerns over hurdles for fair trade+

May 21, 2009 5:56 am | by The Associated Press | News | Comments

TOKYO, May 21 (Kyodo) — (EDS: TO BE LED)China's planned compulsory certification of information technology security products and the controversial "Buy American" provision of the United States are among the inconsistencies with global trade rules that must be solved, according to the outline of an...

Gibbons meeting turns into shouting match in Ely, NV

May 21, 2009 5:56 am | by The Associated Press | News | Comments

ELY, Nev. (AP) — Gov. Jim Gibbons found himself in a shouting match during a town hall meeting in Ely when a handful of angry state workers challenged him on his planned 6 percent salary cuts.The Republican governor told residents that the salary cuts are needed to help solve a $3 billion budget...

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Ark. Supreme Court hears school funding case, 3rd Ld-Writethru, AR

May 21, 2009 5:50 am | by ANDREW DeMILLO - Associated Press Writer - Associated Press | News | Comments

LITTLE ROCK, Ark. (AP) — An attorney for 14 school districts told the Arkansas Supreme Court Thursday that the state is using growth in local property taxes to reduce its share of funding for education and owes taxpayers $24 million.An assistant attorney general told justices that the lawsuit is an...

Ga. unemployment rate at 9.3 percent, GA

May 21, 2009 5:50 am | by The Associated Press | News | Comments

ATLANTA (AP) — Georgia reported a 9.3 percent unemployment rate in April, almost unchanged from the previous two months.State Labor Commissioner Michael Thurmond said Thursday the numbers suggest Georgia's labor market "may be beginning to stabilize."But he cautioned that it's too soon to say for...

Stein Mart 1st-quarter profit more than doubles, APFN

May 21, 2009 5:50 am | by The Associated Press | News | Comments

JACKSONVILLE, Fla. (AP) — Department store operator Stein Mart Inc. said Thursday that its profit more than doubled in the first quarter as it significantly reduced expenses.Earnings soared to $16.1 million, or 38 cents per share, for the three months ended May 2 compared with $7 million, or 17...

New Orleans moves to sell bonds to fund rebuilding

May 21, 2009 5:50 am | by ALAN SAYRE - Associated Press Writer - Associated Press | News | Comments

NEW ORLEANS (AP) — With money running tight, but buoyed by ratings upgrades, a city board took the first step Wednesday in selling up to $80 million in bonds to fund street repairs and other infrastructure projects backing up since Hurricane Katrina.On an 8-0 vote, the city's Board of Liquidation...

Brazil stocks recover following sharp losses, LT

May 21, 2009 5:50 am | by The Associated Press | News | Comments

SAO PAULO (AP) — Brazilian stocks are making a partial comeback after falling sharply during the previous session.Sao Paulo's Ibovespa index was up 1.3 percent to 50,749 during the first 30 minutes of trading. Brazil's currency, the real, strengthened to 2.03 reals per dollar.Friday's advances came...

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4TH LD: Japan's tally of new-flu infections reaches 292+

May 21, 2009 5:50 am | by The Associated Press | News | Comments

TOKYO, May 21 (Kyodo) — (EDS: UPDATING INFO IN 1ST-3RD, 13TH GRAFS)The tally of new-influenza infections in Japan continues to rise, reaching 292 on Thursday with Kyoto becoming the sixth Japanese prefecture with a patient, while Tokyo reported its second infection case.In Kyoto Prefecture, a...

Patti Blagojevich to join show husband couldn't, 3rd Ld-Writethru, US

May 21, 2009 5:50 am | by MIKE ROBINSON - Associated Press Writer - Associated Press | News | Comments

SKOKIE, Ill. (AP) — Ousted Illinois Gov. Rod Blagojevich wasn't allowed to appear in a network TV reality show in Costa Rica, so his wife will appear instead.A federal judge barred Blagojevich, who faces federal corruption charges, from being on the NBC show "I'm a Celebrity ... Get Me Out of Here"...

Worries over persistent job losses pound stocks, 14th Ld-Writethru, US

May 21, 2009 5:49 am | by TIM PARADIS - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — Another bad signal from the job market and anxiety over a possible downgrade of British government debt sent stocks sharply lower Thursday.Major stock indicators slid at least 2 percent, cutting 160 points off the Dow Jones industrial average, after continuing claims for...

Premarket roundup: Fifth Third Bancorp, Hot Topic, APFN

May 21, 2009 5:44 am | by The Associated Press | News | Comments

Among the premarket stories for Thursday, May 21, from AP Financial News:NEW YORK (AP) — Shares of Fifth Third Bancorp fell in premarket trading, a day after the regional bank announced a stock offer and debt exchange program to help boost its capital base.NEW YORK (AP) — Hot Topic Inc.'s guidance...

HL:U.K. credit rating concerns, U.S. economic worries send stocks sharply lower@

May 21, 2009 5:44 am | by Malcolm Morrison@Associated Press | News | Comments

TORONTO — A possibility of a rating downgrade of British government debt and renewed worries about an American economic recovery sent North American stock markets down sharply Thursday.Toronto's S&P/TSX composite index tumbled 282.85 points or 2.75 per cent to 9,949.59 as investors took some...

HL:N.S. Liberals release campaign platform price tag of almost $528 million@

May 21, 2009 5:44 am | by The Associated Press | News | Comments

HALIFAX — Nova Scotia Liberals have released their campaign platform promising cuts to small business tax, new education initatives and access to a doctor for every family.Party leader Stephen McNeil says the cost of their commitment amounts to almost $528 million over four years.McNeil says...

Arizona lawmakers battle over GOP budget proposal, APFN

May 21, 2009 5:44 am | by PAUL DAVENPORT - Associated Press Writer - Associated Press | News | Comments

PHOENIX (AP) — The gloves are off for Arizona legislators debating majority Republicans' plan to solve the state's budget shortfall.To at least some Senate Republicans, the GOP leaders' budget-balancing proposal is a painful but overdue dose of financial realism for a state set up for a fall by...

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