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Taiwan jobless rate improves slightly, AS

May 22, 2009 12:37 am | by The Associated Press | News | Comments

TAIPEI, Taiwan (AP) — Taiwan's jobless rate dropped slightly in April, the government said Friday, but still remained high by historical standards.The Directorate-General of Budget, Accounting and Statistics said in a statement that April unemployment stood at 5.76 percent, down from 5.81 percent...

3RD LD: BOJ raises economic assessment for 1st time in nearly 3 yrs+

May 22, 2009 12:36 am | by The Associated Press | News | Comments

TOKYO, May 22 (Kyodo) — (EDS: UPDATING WITH SHIRAKAWA'S PRESS CONFERENCE)The Bank of Japan on Friday raised its assessment of the nation's economy for the first time in two years and 10 months amid emerging signs of improvement in such areas as industrial output, signaling that the worst may be...

Stocks recover on better retail earns, 6th Ld-Writethru

May 22, 2009 12:36 am | by CARLO PIOVANO - AP Business Writer - Associated Press | News | Comments

LONDON (AP) — European stocks ended modestly up Friday and Wall Street rose as better-than-expected U.S. retail earnings helped outweigh worries about possible credit downgrades for major economies, including the U.S.Germany's DAX 30 closed 0.4 percent higher at 4,918.75 and Britain's FTSE 100 rose...

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Markets: The Asia Pacific Original Design Manufacturing ODMs to Expand into other Commoditized Markets to Offset Economic Slowdown and Rising Costs Business Editors

May 22, 2009 12:36 am | by The Associated Press | News | Comments

DUBLIN-- (BUSINESS WIRE) — May 22, 2009--Research and Markets (http://www.researchandmarkets.com/research/712cdc/strategic_ass ssme) has announced the addition of Frost & Sullivan's new report "Strategic Assessment of the Asia Pacific Original Design Manufacturing (ODM) Markets" to their...

2ND LD: Japan, Pacific island nations meet in Hokkaido, discuss climate change+

May 22, 2009 12:31 am | by The Associated Press | News | Comments

SHIMUKAPPU, Japan, May 22 (Kyodo) — (EDS: RECASTING 1ST GRAF, ADDING INFO IN 4TH-5TH GRAFS)The leaders of Japan and Pacific island nations gathered Friday for a two-day meeting in Hokkaido, where they are expected to agree on the creation of a "Pacific environment community" to work together in...

Doyukai chief calls for continued vigilance against flu+

May 22, 2009 12:31 am | by The Associated Press | News | Comments

SAPPORO, May 22 (Kyodo) — Japan Association of Corporate Executives Chairman Masamitsu Sakurai called on Friday for continued vigilance against the new strain of influenza in order to prevent an adverse impact on businesses."If infections spread, we should be prepared for effects on corporate...

2 Rome schools closed over swine flu fears, EU

May 22, 2009 12:26 am | by The Associated Press | News | Comments

ROME (AP) — Italy's Health Ministry has closed two schools in Rome as a precaution after four students returned from a trip to New York with swine flu.The ministry ordered the high schools to shut down on Friday, a day after the four new cases were confirmed. It was not immediately clear how long...

Torrential rains, gusty winds hammer Australia, AS

May 22, 2009 12:21 am | by The Associated Press | News | Comments

SYDNEY (AP) — Thousands of people were evacuated from their homes Friday as torrential rains and strong winds pounded Australia's east coast, causing severe flooding and forcing the closure of hundreds of schools.The severe weather has battered the region for the past few days. One man was killed...

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Goldman Sachs fund successfully concludes tender offer for USJ shares+

May 22, 2009 12:21 am | by The Associated Press | News | Comments

OSAKA, May 22 (Kyodo) — An investment fund affiliated with Goldman Sachs Group Inc. said Friday it has successfully concluded a tender offer to acquire shares in USJ Co., the operator of the Universal Studios Japan theme park in Osaka Prefecture.The investment fund will purchase all of the around...

Pelosi: Nothing more to say on her CIA allegation, 4th Ld-Writethru, US

May 22, 2009 12:21 am | by ANNE FLAHERTY - Associated Press Writer - Associated Press | News | Comments

WASHINGTON (AP) — House Speaker Nancy Pelosi said Friday she won't talk any more about her charge that the CIA lied in 2002 about using waterboarding on terrorism suspects."I have made the statement that I'm going to make on this," she told reporters at a Capitol Hill news conference. "I don't have...

British Airways suffers record full-year loss, 3rd Ld-Writethru, EU

May 22, 2009 12:16 am | by ROBERT BARR - Associated Press Writer - Associated Press | News | Comments

LONDON (AP) — British Airways on Friday reported its biggest full-year loss since the former national airline was privatized in 1987, mainly due to soaring fuel costs and weaker demand in recent months.The company lost 375 million pounds ($595 million) in the year ending March 31, compared with a...

Russia, EU spar over energy supplies at summit, 3rd Ld-Writethru, EU

May 22, 2009 12:16 am | by STEVE GUTTERMAN - Associated Press Writer - Associated Press | News | Comments

MOSCOW (AP) — Russia and the European Union failed to agree Friday on measures to prevent another cutoff of gas supplies to Europe.EU leaders said their summit with Russian President Dmitry Medvedev improved a relationship severely strained by Russia's war with Georgia last summer and a winter gas...

Pate buys McFarland Mall in Tuscaloosa, AL

May 22, 2009 12:10 am | by The Associated Press | News | Comments

TUSCALOOSA, Ala. (AP) — Tuscaloosa developer Stan Pate has purchased the 40-year-old McFarland Mall, once the premier shopping destination in West Alabama.Today, however, the mall has many vacancies and within the last year has lost two of its major stores, Dillard's and Goody's Family...

Longevity of life a mixed blessing for Japanese, AS

May 22, 2009 12:10 am | by MARI YAMAGUCHI - Associated Press Writer - Associated Press | News | Comments

TOKYO (AP) — Japan on Friday welcomed the news it had topped the world longevity ratings, but with its citizens living increasingly longer lives it may soon become hard for the government to find enough young taxpayers to support them.The statistics for 2007 published on Thursday by the World...

2 more Ga. counties added to federal relief list, GA

May 22, 2009 12:10 am | by The Associated Press | News | Comments

ATLANTA (AP) — Residents in Baker and Early counties can now get federal assistance for damage from severe weather that struck the state early this spring.Georgia Emergency Management Agency officials said Thursday that nearly 60 Georgia counties are now part of a federal disaster declaration for...

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