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St. Louis neighborhood could see $5.4B development, 2nd Ld-Writethru, MO

May 21, 2009 5:02 pm | by BETSY TAYLOR - Associated Press Writer - Associated Press | News | Comments

ST. LOUIS (AP) — A developer is offering a grand $5.4 billion vision for a long-struggling section of north St. Louis: 10,000 new homes, four jobs centers, green streetscapes — even a trolley.It's in an area where developers say the median household income is currently about $10,000.So why at a...

Hibbett Sports 1Q profit rises 16 percent, APFN

May 21, 2009 5:02 pm | by The Associated Press | News | Comments

BIRMINGHAM, Ala. (AP) — Sporting goods retailer Hibbett Sports Inc. said Thursday it earned a 16 percent higher fiscal first-quarter profit, helped by a rise in same-store sales, lower inventory, and stronger sales of apparel and shoes.For the 13 weeks ended May 2, profit rose to $10.9 million, or...

Zumiez 1st-quarter loss less than expected, APFN

May 21, 2009 4:56 pm | by The Associated Press | News | Comments

EVERETT, Wash. (AP) — Zumiez Inc. reported a first quarter loss on Thursday as same-store sales dropped, but the loss was less than analysts expected.However, the company forecast a second-quarter loss greater than analysts predicted.The company said it lost $1.7 million, or 6 cents per share,...

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TCW Announces the Hiring of Mark DeVincentis

May 21, 2009 4:54 pm | by The Associated Press | News | Comments

http://www.tcw.com () —The TCW Group, Inc., an international investment firm with approximately $100 billion in assets under management, is pleased to announce that Mark R. DeVincentis has joined TCW's Leveraged Finance Group as a Senior Vice President.Mr. DeVincentis, a 13-year industry veteran,...

At least 6 GM dealers losing deal in Louisiana, LA

May 21, 2009 4:54 pm | by The Associated Press | News | Comments

BATON ROUGE, La. (AP) — Six Louisiana dealers handling General Motors vehicles have told their state association that their contracts with GM are being canceled.Louisiana Automobile Dealers Association head Bob Israel says none of the dealerships is in a metro area. He says he cannot reveal which...

HL:Platmin arranges C$69 million common share offering through GMP Securities Europe@

May 21, 2009 4:53 pm | by The Associated Press | News | Comments

TORONTO — Platmin Ltd. TSX:PPN) a British-based miner which operates in South Africa and trades on the TSX and AIM alternative market of the London Stock Exchange, says it has struck a deal with GMP Securities Europe LLP (TSX:GMP) to issue C$69 million worth of Platmin shares.The money will be used...

Stocks are pounded by worries over debt ratings

May 21, 2009 4:53 pm | by SARA LEPRO - AP Business Writers - Associated Press | News | Comments

NEW YORK (AP) — Fear is creeping back into the stock market.This week's sell-off accelerated Thursday, with major market indicators sliding more than 1.5 percent, cutting nearly 130 points off the Dow Jones industrial average.Investors were unnerved that a credit agency warning about the British...

Couple is second from Va to hit jackpot in May, 1st Ld-Writethru, VA

May 21, 2009 4:53 pm | by The Associated Press | News | Comments

RICHMOND, Va. (AP) — A Rappahannock County couple has become Virginia's second Mega Millions jackpot winner this month.Virginia Lottery officials said Thursday that Joe and Sue Claffy won $19 million in the May 15 drawing.Joe Claffy bought $6 worth of tickets after the clerk at Martin's Food Market...

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Frederick County bridge repair proposal approved, MD

May 21, 2009 4:52 pm | by The Associated Press | News | Comments

FREDERICK, Md. (AP) — The Frederick County Commissioners have approved a citizen's proposal to repair a covered bridge in the county.Dean Fitzgerald said he wants to donate time and labor to replace the Roddy Road covered bridge's roof. He's the president of Fitzgerald's Heavy Timber Construction...

Affirms Archer Daniels Midland's IDRs at 'A/F1'; Outlook Stable Business Editors

May 21, 2009 4:52 pm | by The Associated Press | News | Comments

CHICAGO-- (BUSINESS WIRE) — May 21, 2009-- Fitch Ratings has affirmed the long- and short-term Issuer Default Ratings (IDRs) and outstanding debt ratings of Archer Daniels Midland Company (ADM) as follows:--Long-term IDR at 'A';--Senior unsecured debt at 'A';--Convertible notes at 'A';--Credit...

Nevada gov vetoes gas tax hike bill, among others, APFN

May 21, 2009 4:52 pm | by BRENDAN RILEY - Associated Press Writer - Associated Press | News | Comments

CARSON CITY, Nev. (AP) — As promised, Gov. Jim Gibbons on Thursday vetoed a measure that would authorize the Washoe County Commission to enact a voter-approved gas tax increase to raise money to finance transportation projects.The bill was among four measures rejected by the Republican governor....

Bronson says he's not running for Fla. governor, 4th Ld-Writethru, FL

May 21, 2009 4:52 pm | by BILL KACZOR - Associated Press Writer - Associated Press | News | Comments

TALLAHASSEE, Fla. (AP) — Florida Agriculture Commissioner Charles Bronson announced Thursday that he's not running for governor "at this time," but left the door slightly ajar in the event of unforseen circumstances before next year's election.The decision is expected to clear the way for Attorney...

Argentine economy expands 2.7 pct in March, LT

May 21, 2009 4:52 pm | by The Associated Press | News | Comments

BUENOS AIRES, Argentina (AP) — Argentina says annual economic growth quickened slightly to 2.7 percent in March, still less than half of last year's 6.3 percent rate.The national statistics institute on Thursday said growth topped the 2.3 percent expansion seen in the 12 months ended in February.It...

US judge: House arrest, probation for ex-Fumo aide, 1st Ld-Writethru, PA

May 21, 2009 4:52 pm | by MARYCLAIRE DALE - Associated Press Writer - Associated Press | News | Comments

PHILADELPHIA (AP) — A second computer technician who destroyed evidence for former state Sen. Vincent Fumo was sentenced to six months of house arrest and four years of probation.A federal judge spared 39-year-old Mark Eister of Camp Hill a prison term Thursday after prosecutors did not oppose...

HL:U.S. forecasters say near-normal hurricane season most likely for Atlantic coast@

May 21, 2009 4:52 pm | by Melanie Patten@Associated Press | News | Comments

HALIFAX — A U.S. government agency is predicting a near-normal Atlantic hurricane season for this year, but Canadian forecasters are playing down the accuracy of long-term storm predictions.The National Oceanic and Atmospheric Administration is calling for a 50 per cent probability of a near-normal...

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