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HL:Swine flu vaccine decisions likely to be delayed as long as possible: experts@

May 26, 2009 2:04 pm | by Helen Branswell@Associated Press | News | Comments

TORONTO — International public health officials signalled Tuesday they are playing for time on the thorny questions of how much swine flu vaccine to make and then whether to use it.Officials of the World Health Organization and the U.S. Centers for Disease Control acknowledged they hope to put off...

Execs accused in Carolina Investors, HomeGold case, 1st Ld-Writethru, SC

May 26, 2009 2:04 pm | by The Associated Press | News | Comments

Executives implicated in the collapse of Carolina Investors and HomeGold Financial Inc.:— Jack Sterling, former HomeGold chairman and chief executive convicted in March of securities fraud and sentenced to five years in prison. Out on bail as he appeals.— Karen Miller, former HomeGold chief...

Schwarzenegger details $5.5B more cuts to budget, 1st Ld-Writethru, US

May 26, 2009 2:03 pm | by SAMANTHA YOUNG - Associated Press Writer - Associated Press | News | Comments

SACRAMENTO, Calif. (AP) — Gov. Arnold Schwarzenegger on Tuesday proposed eliminating welfare for 500,000 families and terminating health coverage for nearly 1 million children to help close the state's ballooning budget deficit.The Republican governor's administration released details of $5.5...


GM says bondholder offer fails; bankruptcy likely, 8th Ld-Writethru, US

May 26, 2009 2:03 pm | by DAN STRUMPF - AP Auto Writers - Associated Press | News | Comments

DETROIT (AP) — A General Motors Corp. bankruptcy filing seemed inevitable after a rebellion by its bondholders forced it to withdraw on Wednesday a plan to swap bond debt for company stock.GM has until Monday to complete a government-ordered restructuring that includes debt reduction, labor cost...

NC House votes for changing tax law for Apple, 2nd Ld-Writethru, NC

May 26, 2009 1:58 pm | by EMERY P. DALESIO - AP Business Writer - Associated Press | News | Comments

RALEIGH, N.C. (AP) — The state House on Tuesday tentatively approved changing how the state's corporate taxes are calculated to welcome a company's $1 billion investment for its East Coast data center, despite worries lawmakers were being dazzled by a corporation dangling a huge project at a time...

HL:Imperial saved up to $1-billion by holding off on Kearl decision: March@

May 26, 2009 1:58 pm | by Lauren Krugel@Associated Press | News | Comments

CALGARY — Holding off on approving construction on the Kearl oilsands mine until Alberta's overheated market cooled off saved Imperial Oil Ltd. (TSX:IMO) as much as $1 billion, the company's chief executive said Tuesday.Imperial's board could have endorsed Kearl six to nine months ago, when labour...

Movers roundup: GM, American Express, APFN

May 26, 2009 1:58 pm | by The Associated Press | News | Comments

Among the stock activity stories for Tuesday, May 26, from AP Financial News:NEW YORK (AP) — Shares of General Motors Corp. fluctuated Tuesday as the automaker detailed a tentative labor agreement with the United Auto Workers, though an important deadline loomed for a deal that would let GM avoid...

Vt. woman donates items from WWII scrap drive, 1st Ld-Writethru, VT

May 26, 2009 1:58 pm | by WILSON RING - Associated Press Writer - Associated Press | News | Comments

MONTPELIER, Vt. (AP) — In the fall of 1942, the United States was at war and civilians supported the effort with a scrap metal drive that found its way into Vermont's Lake Champlain islands where a 13-year-old girl helped lead the way.Nearly seven decades later, that girl, now an 80-year-old...


2 top Obama officials to visit Indiana city, APFN

May 26, 2009 1:58 pm | by The Associated Press | News | Comments

KOKOMO, Ind. (AP) — Two top Obama administration officials are headed to Indiana to visit Kokomo, which has been hard-hit by the crisis in the nation's automotive industry.The man who's leading President Barack Obama's efforts to help auto towns and workers will discuss the federal recovery efforts...

Maine heating oil prices inch up 2 cents a gallon, ME

May 26, 2009 1:58 pm | by The Associated Press | News | Comments

AUGUSTA, Maine (AP) — The state energy office says the average cash price for heating oil in Maine rose by 2 cents a gallon in the past week, to $2.11.Actual prices ranged from a low of $1.75 at a dealer in western Maine to a high of $2.35 in the northern part of the state.The average price for...

HL:Member of the Molson family considers bid to buy Montreal Canadiens@

May 26, 2009 1:58 pm | by The Associated Press | News | Comments

MONTREAL — A pitch to acquire the Montreal Canadiens is brewing in the Molson family.Geoffrey E. Molson, vice-president of marketing for the Molson Coors Brewing Co. (TSX:TPX.A), said in a statement Tuesday he's interested in submitting a bid to buy the hockey team.The statement indicated that any...

FDA delays approving Botox for limb spasticity, APFN

May 26, 2009 1:58 pm | by The Associated Press | News | Comments

IRVINE, Calif. (AP) — The Food and Drug Administration wants more information about Botox before approving it to treat spasticity of the upper limbs, said the drug's maker, Allergan Inc.Allergan said Tuesday it received a "complete response letter" from the FDA. Last fall, the company asked the...

Cogdell Spencer announces offering, cuts dividend, APFN

May 26, 2009 1:58 pm | by The Associated Press | News | Comments

CHARLOTTE, N.C. (AP) — Real estate investment trust Cogdell Spencer Inc. said Tuesday it will nearly double its shares outstanding through a stock offering and will slash its dividend.Cogdell Spencer plans to sell 18 million shares of common stock. As of May 5, the company had roughly 19 million...

First Metals Bi-Weekly Default Status Report

May 26, 2009 1:57 pm | by The Associated Press | News | Comments

First Metals Inc. (TSX: FMA) previously announced in a news release dated March 23rd, 2009 (the "News Release") that its December 31st, 2008 audited annual financial statements (the "Annual Financial Statements") would not be filed by March 31st, 2009 as required. The delay is caused by the ongoing...

Obama officials come to NW to learn salmon issues, 2nd Ld-Writethru, OR

May 26, 2009 1:57 pm | by JEFF BARNARD - AP Environmental Writer - Associated Press | News | Comments

GRANTS PASS, Ore. (AP) — Two top members of President Obama's environmental team are in the Northwest this week, listening but pointedly not speaking about the tense conflict between salmon and hydroelectric dams in the Columbia Basin.NOAA chief Jane Lubchenco and White House Council on...


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