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Gov. Paterson threatens to impose NY spending cap, APFN

May 27, 2009 3:32 pm | by MICHAEL GORMLEY - Associated Press Writer - Associated Press | News | Comments

ALBANY, N.Y. (AP) — New York Gov. David Paterson told legislative leaders Wednesday that if they won't consider his plan to cap Albany's notorious overspending, then he'll impose the cap himself.The Democratic governor was frustrated with legislative leaders who haven't even introduced or debated...

McCain to back Meg Whitman in 2010 race, 1st Ld-Writethru, CA

May 27, 2009 3:27 pm | by MICHAEL R. BLOOD - AP Political Writer - Associated Press | News | Comments

LOS ANGELES (AP) — Arizona Sen. John McCain wants Meg Whitman to be California's next governor.The former eBay chief executive has not formally declared her candidacy, but a spokesman said Wednesday that she will pick up the 2008 Republican presidential nominee's endorsement at an event in Orange...

Alexander calls for 100 new reactors in 20 years, TN

May 27, 2009 3:27 pm | by DUNCAN MANSFIELD - Associated Press Writer - Associated Press | News | Comments

OAK RIDGE, Tenn. (AP) — Tennessee Sen. Lamar Alexander is calling for the construction of 100 new nuclear reactors in the United States in 20 years.It's a potentially $700 billion proposal that would double the number of reactors now operating in this country.Alexander says his plan has support...

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5 killed in crash on US 63 near Bay, 2nd Ld-Writethru, AR

May 27, 2009 3:26 pm | by The Associated Press | News | Comments

BAY, Ark. (AP) — Five people were killed when a van carrying developmentally disabled adults collided with a vehicle driving the wrong way on U.S. 63 in Craighead County.The Wednesday afternoon crash claimed the lives of three of the people being transported, as well as both drivers. Five more...

62 take buyout offers in Saginaw schools, MI

May 27, 2009 3:26 pm | by The Associated Press | News | Comments

SAGINAW, Mich. (AP) — Fifty-one teachers and 11 administrators have accepted buyout offers from the Saginaw School District, which is seeking to close a possible $2.6 million budget deficit.About 170 employees with at least 20 years of service are eligible for the $35,000 severance package. They...

Mo. rejects protest of radio system contract, MO

May 27, 2009 3:26 pm | by The Associated Press | News | Comments

JEFFERSON CITY, Mo. (AP) — Gov. Jay Nixon's administration has rejected a challenge to a contract for a new Highway Patrol radio system.The decision Wednesday upholds the contract issued to Motorola Inc. by former Gov. Matt Blunt's administration shortly before he left office in January.The...

Top lawmaker says Miss. budget talks 'improved', APFN

May 27, 2009 3:21 pm | by EMILY WAGSTER PETTUS - Associated Press Writer - Associated Press | News | Comments

JACKSON, Miss. (AP) — Mississippi lawmakers are still shy of completing a state budget and will remain in Jackson until their work is done, House and Senate leaders vowed."We're not leaving this place until we get a budget," Speaker Billy McCoy, D-Rienzi, told the House Wednesday. He said lawmakers...

Community Bancorp Comments on Regulatory Agreement and Other Pending Matters Business Editors/Banking Writers

May 27, 2009 3:21 pm | by The Associated Press | News | Comments

LAS VEGAS-- (BUSINESS WIRE) — May 27, 2009--Community Bancorp (Nasdaq: CBON), the holding company for Community Bank of Arizona and Community Bank of Nevada, today announced that it and Community Bank of Nevada have entered into a written agreement with the Federal Reserve Board and the State of...

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HL:Sewage truck rollover closes part of Highway 405 for 3 hours@

May 27, 2009 3:21 pm | by The Associated Press | News | Comments

NIAGARA-ON-THE-LAKE, Ont. — Part of eastbound Highway 405 in Niagara-on-the-Lake was closed for about three hours Wednesday afternoon by a sewage spill.Provincial police a tanker truck hauling sewage rolled over.Police say a sudden mechanical defect occurred causing the driver to veer off road and...

Hagerstown approves $160.1 million budget, MD

May 27, 2009 3:15 pm | by The Associated Press | News | Comments

HAGERSTOWN, Md. (AP) — The Hagerstown City Council has approved a $160.1 million budget for fiscal 2010.The council voted on Tuesday, 5-0, to adopt the municipal budget for the year that begins July 1. The budget is about $3.7 million less than the current fiscal year. The budget does not have an...

iLOOKABOUT Corp. Announces First Quarter Results

May 27, 2009 3:15 pm | by The Associated Press | News | Comments

iLOOKABOUT Corp. (TSX VENTURE: ILA) announced the release of its first quarter results. The Company reported revenue of $431,062 for the three months ended March 31, 2009. Losses of $514,494 were reported for the three months ended March 31, 2009.In response to the current economic downturn, which...

Judge temporarily blocks NY water deposit law, 1st Ld-Writethru, NY

May 27, 2009 3:15 pm | by The Associated Press | News | Comments

NEW YORK (AP) — A federal judge on Wednesday temporarily blocked a new law requiring return deposits on water bottles sold in New York state, calling the law unconstitutional.U.S. District Judge Thomas P. Griesa issued an order that will stop enforcement of the law while water bottlers work to have...

Latin America stocks fall on US rate concerns

May 27, 2009 3:09 pm | by THERESA BRADLEY - Associated Press Writer - Associated Press | News | Comments

MEXICO CITY (AP) — Latin American stocks fell Wednesday, reversing early gains as rising U.S. Treasury yields threatened to stall a U.S. recovery and a U.N. body warned that foreign direct investment in Latin America may fall by 45 percent this year.Brazil's benchmark Ibovespa index slipped 0.1...

Wednensday's Canadian Briefs

May 27, 2009 3:09 pm | by The Associated Press | News | Comments

$50 billion deficit? Harper says he's willing to spend more if neededOTTAWA (AP) — An unapologetic Prime Minister Stephen Harper defended his government's oversized $16-billion miss on the federal deficit Wednesday and declared he is prepared to go even further in the hole if he sees fit to fight...

BART officers testify in station shooting hearing, 2nd Ld-Writethru, CA

May 27, 2009 3:09 pm | by TERRY COLLINS - Associated Press Writer - Associated Press | News | Comments

OAKLAND, Calif. (AP) — A Bay Area transit police officer who saw a fellow officer fatally shoot a 22-year-old train passenger said he could have prevented his own death had he followed orders.Officer Marysol Domenici testified Wednesday that Oscar Grant, who was shot in the back as he lay face down...

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