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Race to repay bailout could shortchange taxpayers, US

May 19, 2009 2:28 pm | by DANIEL WAGNER - AP Business Writers - Associated Press | News | Comments

NEW YORK (AP) — The race to repay federal bailout money could end up reducing the amount that taxpayers eventually get back.Some banks that want out of the Troubled Asset Relief Program may be allowed to buy back the government's investments at below-market prices. That could cut into taxpayers'...

SEC says checks coming soon for AIG investors, US

May 19, 2009 2:28 pm | by The Associated Press | News | Comments

WASHINGTON (AP) — The Securities and Exchange Commission said on Tuesday that a federal court has approved distributing $843 million to investors in American International Group Inc.The distribution was ordered after the SEC alleged accounting fraud at AIG, saying the insuring giant falsified...

Puerto Rico man pleads guilty in tourist killing, 3rd Ld-Writethru, CB

May 19, 2009 2:27 pm | by DANICA COTO - Associated Press Writer - Associated Press | News | Comments

FAJARDO, Puerto Rico (AP) — A Puerto Rican man pleaded guilty Tuesday to kidnapping, raping and killing a pregnant Georgia tourist who made a frantic phone call to her fiance from the trunk of her assailant's car.Eliezer Marquez Navedo pleaded guilty to first-degree murder, kidnapping and two...

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Phillips-Van Heusen predicts lower sales in 2Q

May 19, 2009 2:27 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Phillips-Van Heusen Corp., which makes Calvin Klein, Van Heusen and other clothing brands, on Tuesday forecast lower revenue in the second quarter and full-year because of a stronger dollar and weak consumer spending.For the second quarter, earnings per share are expected between 29...

Mo. to use stimulus money for jobs program, MO

May 19, 2009 2:22 pm | by The Associated Press | News | Comments

JEFFERSON CITY, Mo. (AP) — The state Department of Health and Senior Services plans to spend $2.8 million over 14 months to help older Missourians get jobs.Agency officials said Tuesday it's the first non-transportation federal stimulus project to get started in Missouri. The stimulus money is...

HL:Canadian politicians say progress made in making oilsands environmentally friendly.@

May 19, 2009 2:22 pm | by Bill Graveland@Associated Press | News | Comments

CALGARY — A new report released by an energy consulting group in the United States suggests the Canadian government will have a tough time trying to balance environmental responsibility with the energy security increased oilsands production can provide.Provincial and federal politicians say they're...

Dixie forest plan eliminates off-trail travel, 1st Ld-Writethru, UT

May 19, 2009 2:21 pm | by MIKE STARK - Associated Press Writer - Associated Press | News | Comments

SALT LAKE CITY (AP) — A new plan for Dixie National Forest released on Tuesday eliminates unrestricted off-trail travel for motorized vehicles and instead designates some 2,700 miles of routes for ATVs and other vehicles.The plan is part of a national effort to help federal officials better manage...

Developments on Obama and autos, US

May 19, 2009 2:21 pm | by The Associated Press | News | Comments

Key changes President Barack Obama announced Tuesday at the White House include:— The United States' first coast-to-coast limit on emissions.— The nation's strictest efficiency standards, which rise to an average 35.5 mpg by 2016.— The United Autoworkers and 10 auto companies have agreed to link...

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2 friends from Arkansas claim La. Powerball prize, LA

May 19, 2009 2:16 pm | by The Associated Press | News | Comments

BATON ROUGE, La. (AP) — Kerri Oliver and Rita Stafford are longtime friends that have shared a lot over the years.Now, they'll add a $1 million Powerball prize to that list.Oliver, 27, of Crossett, Ark., who bought the ticket for the May 6 drawing, said it was the fourth time she and Stafford, 29,...

HL:Auditor general wants to lift the lid on MPs' expenses@

May 19, 2009 2:15 pm | by Tim Naumetz@Associated Press | News | Comments

OTTAWA — Canada's auditor general wants to lift the lid on expense claims and other spending by MPs and Senators.Sheila Fraser began preliminary talks with the House of Commons and Senate earlier this year, well before the expense-claim scandal erupted in Britain.Fraser's office said Tuesday she...

HL:Silverstone shareholders approve takeover by Silver Wheaton@

May 19, 2009 2:15 pm | by The Associated Press | News | Comments

VANCOUVER — Shareholders of Silverstone Resources Corp. (TSXV:SST) approved Tuesday a takeover of the company by Silver Wheaton Corp. (TSX:SLW).The deal was approved by 74.67 per cent of the votes cast by the Silverstone shareholders.Under the agreement, Silverstone shareholders will receive 0.185...

New NJ budget plan ends most property tax rebates, APFN

May 19, 2009 2:15 pm | by The Associated Press | News | Comments

TRENTON, N.J. (AP) — Most New Jersey homeowners, already paying the highest property taxes in the nation, will not see a property tax rebate check next year under Gov. Jon Corzine's revised 2010 budget proposal.The updated budget, released Tuesday by Treasurer David Rousseau, keeps rebates for...

NC appeals court upholds tax bill for Wal-Mart, 1st Ld-Writethru, NC

May 19, 2009 2:15 pm | by GARY D. ROBERTSON - Associated Press Writer - Associated Press | News | Comments

RALEIGH, N.C. (AP) — The state Court of Appeals ruled Tuesday against Wal-Mart Stores Inc. and its efforts to get a $33 million tax refund, upholding a trial judge's ruling that found a complex corporate structure was used primarily to avoid corporate income taxes.In a unanimous opinion, the...

Analysis: Pawlenty's move changes balance of power, MN

May 19, 2009 2:14 pm | by MARTIGA LOHN - Associated Press Writer - Associated Press | News | Comments

ST. PAUL, Minn. (AP) — Gov. Tim Pawlenty left Democrats sputtering when he vowed to balance the state budget on his own, without the Minnesota Legislature.It was a move that changed the contours of the session's final days.Democrats may have miscalculated by sending Pawlenty a full slate of budget...

NM: Emissions, mileage plan victory for state, 1st Ld-Writethru, NM

May 19, 2009 2:14 pm | by SUSAN MONTOYA BRYAN - Associated Press Writer - Associated Press | News | Comments

ALBUQUERQUE, N.M. (AP) — State officials are applauding the Obama administration's plan for curbing vehicle emissions and requiring manufacturers to make vehicles that are more fuel efficient.New Mexico is one of 14 states that has been embroiled in a battle with the federal government and...

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