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Surprise drop in housing data checks market's rise, 18th Ld-Writethru, US

May 19, 2009 4:48 am | by MADLEN READ - AP Business Writers - Associated Press | News | Comments

NEW YORK (AP) — A record low in housing construction has investors doubting the economy again.Stocks closed narrowly mixed in light trading Tuesday as the surprise drop in construction and a cautious outlook from retailer Home Depot Inc. led energy and utility stocks to pare gains.Construction of...

Catfish won't be stocked in Bataan Lake, NM

May 19, 2009 4:48 am | by The Associated Press | News | Comments

CARLSBAD, N.M. (AP) — The state Game and Fish Department says it won't stock Bataan Lake with channel catfish this summer to protect the public from possible consumption of contaminated fish.State environment officials have issued an advisory that catfish longer than 14 inches shouldn't be eaten...

Ohio-based First Financial Bancorp adds branches, OH

May 19, 2009 4:47 am | by The Associated Press | News | Comments

CINCINNATI (AP) — Cincinnati-based First Financial Bancorp says it is kicking off a public offering of $100 million in common stock, a day after announcing the purchase of 17 branches of Peoples Community Bancorp for $12 million.First Financial is the Cincinnati area's fifth largest bank by...

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Nevada bill seeks slower rate of home foreclosures, APFN

May 19, 2009 4:47 am | by RACHELLE GINES - Associated Press Writer - Associated Press | News | Comments

CARSON CITY, Nev. (AP) — Lawmakers were urged Monday to pass a measure aimed at ending the downward spiral of home foreclosures in Nevada, which has the highest foreclosure rate in the nation.Assembly Speaker Barbara Buckley, D-Las Vegas, told the Senate Commerce and Labor Committee that her AB149...

Katanga Announces First Quarter Results

May 19, 2009 4:47 am | by The Associated Press | News | Comments

Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today announces its financial results for the calendar quarter ended March 31, 2009.Highlights for the quarter ended March 31, 2009- Total sales recognized for the quarter were US$47.0 million, comprising US$27.8 million for copper...

Ukraine's Yushchenko dismisses chief of staff, 1st Ld-Writethru, EU

May 19, 2009 4:47 am | by MARIA DANILOVA - Associated Press Writer - Associated Press | News | Comments

KIEV, Ukraine (AP) — Ukraine's President Viktor Yushchenko dismissed his influential chief of staff Tuesday, pushing out his right-hand man in a bitter breakup likely to further tarnish the embattled leader's image.A decree on the presidential Web site gave no reason for the dismissal of Viktor...

Ahead of the Bell: Morgan Stanley, APFN

May 19, 2009 4:47 am | by The Associated Press | News | Comments

NEW YORK (AP) — An analyst on Tuesday increased his earnings estimate and price target for Morgan Stanley after discussing the bank's improved operations with management recently.Credit Suisse's Howard Chen increased his price target to $28 from $26 and kept a "Neutral" rating on the stock after...

Ahead of the Bell: United Technologies, APFN

May 19, 2009 4:47 am | by The Associated Press | News | Comments

HARTFORD, Conn. (AP) — Investors are looking for the CEO of United Technologies Corp. to offer an assessment Tuesday of how restructuring at the industrial conglomerate could soften the recession's impact on the company in the second half of the year.Louis Chenevert will speak at the Electrical...

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AP reporter quarantined in China after Cancun stop, 3rd Ld-Writethru, AS

May 19, 2009 4:42 am | by WILL WEISSERT - Associated Press Writer - Associated Press | News | Comments

LINGANG, China (AP) — There are four of them waiting for us, tottering about the hotel parking lot in yellow biohazard suits."One question," says the translator, before he lets us out of a government van that's locked from the outside. "Would you like separate rooms or a room together?""We're...

Before exit, Army cleans ordnance from Fort Monroe, VA

May 19, 2009 4:42 am | by KATE WILTROUTAssociated Press | News | Comments

HAMPTON, Va. (AP) — Chemistry, physics, geology, history: Cleaning up this military post encompasses those subjects and more.The Army is due to leave the fort in 2011. Before it does, it must dig up buried explosives and fix contaminated spots. That means taking into account Fort Monroe's history...

Ahead of the Bell: IPG alters credit terms on GM, APFN

May 19, 2009 4:42 am | by The Associated Press | News | Comments

NEW YORK (AP) — Interpublic Group of Companies Inc. has reached a deal with lenders to help shield a $335 million credit line from the effect of a potential bankruptcy filing at automaker General Motors Corp.The New York advertising and marketing conglomerate, which counts GM as one of its biggest...

Bender awarded $2.5M vessels contract, AL

May 19, 2009 4:42 am | by The Associated Press | News | Comments

MOBILE, Ala. (AP) — Mobile-based Bender Shipbuilding & Repair Co. has won a$2.5 million contract to work on a pair of 632-foot cargo vessels for the Department of Transportation Maritime Administration.The 70-day contract announced Monday is expected to keep about 65 workers on the job through the...

INDEX:Business, Economy, Finance, Trade, Travel@

May 19, 2009 4:42 am | by The Associated Press | News | Comments

OTTAWA — Travel both to and from Canada declined in March compared with February.Statistics Canada reports inbound travel declined one per cent to 2.2 million trips in March while Canadian trips abroad decreased by 0.7 per cent to 3.9 million.The agency says U.S. residents made a million overnight...

World's Largest Retailer Honors Company for Customer Service, Operational Excellence and Creative Solutions

May 19, 2009 4:42 am | by The Associated Press | News | Comments

http://www.con-way.com/freight () —Con-way Freight, a less-than-truckload (LTL) carrier and subsidiary of Con-way Inc. (NYSE: CNW), today announced that it has been named by Wal-Mart Stores, Inc. as its 2008 LTL Carrier of the Year. This is the second consecutive year that the company has received...

Q1 Revenue Up 174% Year-Over-Year to $9.6 Million; Company Achieves Second Consecutive Quarter of Positive Operating EBITDA

May 19, 2009 4:42 am | by The Associated Press | News | Comments

http://www.kitd.com () —KIT digital, Inc. (OTCBB: KDGL), a leading global provider of Internet Protocol-based video enablement technologies, reported financial results for the first quarter ended March 31, 2009. (These results are quoted in U.S. dollars, although a material portion of the company's...

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