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Decade-old lawsuit over Edwards corruption revived, 1st Ld-Writethru, LA

May 22, 2009 1:48 pm | by ALAN SAYRE - Associated Press Writer - Associated Press | News | Comments

NEW ORLEANS (AP) — A lawsuit alleging that a spurned suitor for a Louisiana riverboat casino license in the 1990s was the victim of extortion from then-Gov. Edwin Edwards was revived Friday by the Louisiana Supreme Court.Without dissent, the high court sent the lawsuit filed by Astoria...

Yahoo's departing CFO to get $1.8M in severance, US

May 22, 2009 1:48 pm | by The Associated Press | News | Comments

SUNNYVALE, Calif. (AP) — Yahoo says it will pay its chief financial officer $1.8 million when he leaves the Internet company this summer.Besides the severance payment, Blake Jorgensen also will get up to 12 months of company-paid medical insurance after he steps aside as Yahoo's chief financial...

HL:Specialty Foods first quarter net profit falls to $2 million from $11.6 million@

May 22, 2009 1:38 pm | by The Associated Press | News | Comments

TORONTO — Specialty Foods Group Income Fund (TSXV:HAM.UN.H) says its net profit fell to just over US$2 million in the first quarter ended March 28 from nearly $11.6 million a year ago.Net sales from continuing operations rose to $61.4 million from $57 million, the Toronto-based food company said...

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Former Navy Sec. says ship buying system flawed, APFN

May 22, 2009 1:38 pm | by DONNA BORAK - AP Business Writer - Associated Press | News | Comments

WASHINGTON (AP) — The Navy doesn't appear to know how to buy combat ships and should stop throwing more money into a flawed procurement system, a former leader of the service said Friday.Ever changing requirements, lack of competition among shipbuilders and heavy bureaucracy have thwarted the...

Georgia lawmaker: 2010 should be year of the Bible, US

May 22, 2009 1:37 pm | by The Associated Press | News | Comments

WASHINGTON (AP) — A Republican House member wants President Barack Obama to make 2010 the year of the Bible.There's no sign that Obama will get the chance in the foreseeable future. Georgia Rep. Paul Broun's resolution would have no force of law if passed. And it can't be passed unless majority...

HL:Northstar to pay $5.05 million in settlement with property owners@

May 22, 2009 1:37 pm | by The Associated Press | News | Comments

TORONTO — Northstar Aerospace Inc. (TSX:NAS) said Friday that it has agreed to pay $5.05 million in a settlement with property owners next to its plant in Cambridge, Ont., who had sued the company.The property owners had sought damages for the diminution of property values associated with...

California faces its day of fiscal reckoning

May 22, 2009 1:37 pm | by JULIET WILLIAMS - Associated Press Writer - Associated Press | News | Comments

SACRAMENTO (AP) — The day of reckoning that California has been warned about for years has arrived.The longest recession in generations and the defeat this week of a package of budget-balancing ballot measures are expected to lead to state spending cuts so deep and so painful that they could...

HL:Grandview Gold and Mill City Gold stop exploration on Nevada project@

May 22, 2009 1:31 pm | by The Associated Press | News | Comments

TORONTO — Grandview Gold Inc. (TSX:GVX) and Mill City Gold Corp (TSXV:MC) say they will stop exploration of the Pony Creek/Elliott Dome joint venture property in Nevada because of weak drilling results and difficult capital markets."Grandview completed significant work across all major target areas...

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Boeing subsidiary gets big contract, 3rd Ld-Writethru, WA

May 22, 2009 1:31 pm | by SHANNON DININNY - Associated Press Writer - Associated Press | News | Comments

YAKIMA, Wash. (AP) — A Boeing Co. subsidiary located in the small Columbia River town of Bingen has received a government contract valued at as much as $250 million.That's dramatically more than the $148 million in revenue generated last year by Insitu Inc., a wholly owned subsidiary of Boeing that...

Pixman Announces its Third Quarter Financial Results

May 22, 2009 1:31 pm | by The Associated Press | News | Comments

Pixman MAA1/2dia Nomade inc. (TSX CROISSANCE: PMN) ("la SociAA1/2tAA1/2") a dAA1/2voilAA1/2 les rAA1/2sultats financiers de son troisiAA1/2me trimestre de l'exercice 2009. Le revenu total a atteint 107 438 $, alors que la perte nette se situe AA1/2 1 016 473 $."Nous progressons rapidement dans...

Yingli Green Energy reports 1st-quarter loss, APFN

May 22, 2009 1:31 pm | by The Associated Press | News | Comments

MINNEAPOLIS (AP) — Solar cell maker Yingli Green Energy Holding Co. reported a worse-than-expected first-quarter loss on Friday as the recession and tight credit reduced financing for green energy projects.The company also reduced its guidance for 2009 shipments, and its shares fell.The Baoding,...

2 more colors added to face paint recall, US

May 22, 2009 1:31 pm | by The Associated Press | News | Comments

WASHINGTON (AP) — A nationwide recall of children's face paints is being expanded to two additional colors.The Food and Drug Administration warned consumers last week to stop using six paint colors distributed by Oriental Trading Co. of Omaha, Neb., after reports of rashes and skin irritations. The...

OJ gets new lawyer in Las Vegas; appeal due Tues., NV

May 22, 2009 1:30 pm | by KEN RITTER - Associated Press Writer - Associated Press | News | Comments

LAS VEGAS (AP) — O.J. Simpson has switched lawyers in Nevada on the eve of his appeal to the state Supreme Court to reverse his conviction in an armed hotel room heist.Las Vegas attorney Gabriel Grasso on Friday cited an unspecified rift with Simpson's longtime, Miami-based lawyer, Yale Galanter,...

Climate Change Message to the Top of the World During Record 19th Everest Ascent Photo Desks/Business Editors/Environment Writers

May 22, 2009 1:25 pm | by The Associated Press | News | Comments

WASHINGTON-- (BUSINESS WIRE) — May 22, 2009-- Utah Resident Apa Sherpa unveiled a banner on the summit of Mount Everest today telling the world to take urgent action on climate change and save his native Himalayas. The banner containing the WWF message - "Stop Climate Change, Let the Himalayas...

Environmentalists appeal Wyoming drilling lawsuit, 1st Ld-Writethru, WY

May 22, 2009 1:25 pm | by The Associated Press | News | Comments

CHEYENNE, Wyo. (AP) — Environmentalists said Friday that they have appealed the dismissal of a lawsuit challenging federal approval of drilling in south-central Wyoming.The U.S. Bureau of Land Management in 2007 decided to allow 2,000 new gas and oil wells in the Atlantic Rim area. Several...

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