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Calif. could run out of cash in 2 months, 1st Ld-Writethru, CA

May 22, 2009 3:42 pm | by JUDY LIN - Associated Press Writer - Associated Press | News | Comments

SACRAMENTO (AP) — California will run out of cash in two months unless lawmakers act swiftly to close a widening deficit and pass a budget, two state finance officials warned Friday.Failure to balance the state's books quickly will trigger a financial storm much greater than the one the state...

Judge orders arrest of Brazil airline magnate, 1st Ld-Writethru, LT

May 22, 2009 3:42 pm | by MARCO SIBAJA - Associated Press Writer - Associated Press | News | Comments

BRASILIA, Brazil (AP) — A judge issued an arrest warrant for an airline and bus company magnate who is one of Brazil's richest men in connection with accusations he ordered the killings of two men in a land dispute, court officials said Friday.The warrant for the arrest of Constantino de Oliveira,...

Max Furniture, a Leading Online Home Furniture Store, Is Among the Top 500 Largest Online Retailers in the United States, According to Internet Retailer

May 22, 2009 3:42 pm | by The Associated Press | News | Comments () —Max Furniture, based in Dallas, Texas, has been named to the 2009 Internet Retailer Top 500 Guide. The Guide is a compilation of the 500 largest e-retailers in the US based upon 2008 internet sales as researched by Internet Retailer. The company was ranked as the...


Officials: NJ tax amnesty a success so far, NJ

May 22, 2009 3:42 pm | by The Associated Press | News | Comments

TRENTON, N.J. (AP) — New Jersey officials say the state's tax amnesty program is proving to be effective, with nearly $25 million collected so far.And that has led the Division of Taxation to boost its goal for the program. Officials said Friday they now expect to raise about $200 million, or twice...

HL:Taiga Building Products reports drop in annual profit and sales@

May 22, 2009 3:36 pm | by The Associated Press | News | Comments

BURNABY, B.C. — Taiga Building Products Ltd. (TSX:TBL) reported a drop in annual profit on Friday compared with a year ago, as sales fell more than five per cent.The company said it earned $192,000 or a penny per share for the financial year ended March 31 compared with a profit of $2.2 million or...

Former La. lawmaker charged in racketeering case, 1st Ld-Writethru, LA

May 22, 2009 3:36 pm | by MICHAEL KUNZELMAN - Associated Press Writer - Associated Press | News | Comments

NEW ORLEANS (AP) — A former Louisiana state representative was charged Friday with taking part in a scheme to pocket hundreds of thousands of dollars in grant money earmarked for charitable and educational programs.The 34-count indictment handed up by a federal grand jury against former state Rep....

Panel shoots down ideas for Illinois ethics reform, 1st Ld-Writethru, IL

May 22, 2009 3:30 pm | by CHRISTOPHER WILLS - Associated Press Writer - Associated Press | News | Comments

SPRINGFIELD, Ill. (AP) — An Illinois legislative panel mowed down one ethics idea after another Friday, triggering cries of protest from a commission appointed to clean up state government and politics.The defeats came on the same day that the state Senate canceled plans to vote on a package of...

A look at earmarks in the Ohio state budget plan, OH

May 22, 2009 3:30 pm | by The Associated Press | News | Comments

Here are some of the earmarks, or special projects, that are funded in the state budget plan approved by the Ohio House and under consideration in the Senate:—Nurse Education Assistance: $1.4 million over two years.—Boys & Girls Clubs: $2 million over two years.—Children's Hunger Alliance: $3...


HL:Goldcorp's performance tarnished by accusations in Central America at AGM@

May 22, 2009 3:25 pm | by Brenda Bouw@Associated Press | News | Comments

VANCOUVER — Goldcorp Inc.'s (TSX:G) glittering performance in the current economic downturn was tarnished Friday by accusations that its mines are harming the surrounding communities in Central America.At the company's annual meeting Friday, community leaders and residents from communities near...

Magid out as interim US Attorney in eastern Pa., 1st Ld-Writethru, PA

May 22, 2009 3:19 pm | by MARYCLAIRE DALE - Associated Press Writer - Associated Press | News | Comments

PHILADELPHIA (AP) — Interim U.S. Attorney Laurie Magid is out after a 10-month run as the top federal prosecutor in eastern Pennsylvania.Magid is being replaced on a temporary basis by Assistant U.S. Attorney Michael Levy, who has held the position on an interim basis previously.Magid, who appeared...

State alleges Los Alamos lab well contaminated, 1st Ld-Writethru, NM

May 22, 2009 3:14 pm | by The Associated Press | News | Comments

SANTA FE, N.M. (AP) — The state Environment Department on Friday proposed a $1.87 million fine against the U.S. Department of Energy and managers of Los Alamos National Laboratory, alleging the lab failed to abandon a groundwater monitoring well that is leaking contamination.The state agency...

House adjourns, Senate to reconvene Tuesday, 4th Ld-Writethru, OK

May 22, 2009 3:14 pm | by TIM TALLEY - Associated Press Writer - Associated Press | News | Comments

OKLAHOMA CITY (AP) — The Oklahoma House wrapped up its work Friday night, but the Senate abandoned plans to end the 2009 legislative session one week early after Republican leaders failed to win passage of a bill that would create a central information officer to take charge of the state's computer...

Autopsy conducted on inmate who died in Ariz. heat, 2nd Ld-Writethru, AZ

May 22, 2009 3:09 pm | by JONATHAN J. COOPER - Associated Press Writer - Associated Press | News | Comments

PHOENIX (AP) — An autopsy was done Friday on the body of an Arizona prison inmate who died after spending nearly four hours in triple-digit heat.Officials with the Maricopa County Medical Examiner's Office said results of the autopsy would be available in 45 to 90 days. They did not immediately...

Colonial BancGroup Provides an Update on Capital Infusion Business Editors

May 22, 2009 3:09 pm | by The Associated Press | News | Comments

MONTGOMERY, Ala.-- (BUSINESS WIRE) — May 22, 2009-- Colonial BancGroup (NYSE: CNB) Chairman, CEO and President, Robert E. Lowder, announced today that the due diligence contingency under the stock purchase agreement dated March 31, 2009 has been satisfied. A second amendment to the stock purchase...

Venezuela to pay $1 billion for Spanish bank unit, 4th Ld-Writethru, LT

May 22, 2009 3:09 pm | by FABIOLA SANCHEZ - Associated Press Writer - Associated Press | News | Comments

CARACAS, Venezuela (AP) — Venezuela agreed Friday to pay Spain's Banco Santander $1.05 billion to nationalize the bank's local unit, ending months of stalled talks and transforming President Hugo Chavez's government into the country's top financial player.The takeover of Banco de Venezuela will...


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