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Dollar falls to mid-95 yen zone on bleak U.S. housing, Japan GDP+

May 20, 2009 1:14 am | by The Associated Press | News | Comments

TOKYO, May 20 (Kyodo) — The U.S. dollar briefly fell into the mid-95 yen zone Wednesday in Tokyo as dollar selling took the upper hand on disappointing U.S. housing data and a record contraction in Japan's gross domestic product.At 5 p.m., the dollar fetched 95.98-96.00 yen versus Tuesday's 5 p.m....

Toll Brothers Reports Preliminary FY 2009 2nd QTR and 6 Month Totals for Home Building Revenues, Backlog and Contracts

May 20, 2009 1:14 am | by GLOBE NEWSWIREAssociated Press | News | Comments

HORSHAM, Pa., May 20, 2009 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE:TOL) (, the nation's leading builder of luxury homes, today reported preliminary results for its second quarter and first six months ended April 30, 2009.FY 2009 second-quarter home building revenues of...

Electrician: Contractor did faulty wiring in Iraq, US

May 20, 2009 1:08 am | by KIMBERLY HEFLING - Associated Press Writer - Associated Press | News | Comments

WASHINGTON (AP) — An electrician hired by the Army to help inspect electrical work at facilities where U.S. soldiers operate in Iraq says 90 percent of wiring done in newly constructed buildings by one military contractor was done improperly.The inspector, Jim Childs, says that means electrical...


China tightening controls on bank lending

May 20, 2009 1:08 am | by The Associated Press | News | Comments

SHANGHAI (AP) — China's banking regulator is tightening controls on lending to prevent abuses, as auditors reported that some spending for economic stimulus programs is being diverted or delayed.The new rules, announced by the China Banking Regulatory Commission late Tuesday, apply to bank loans...

Vt. car dealers weighing options amid GM closures, VT

May 20, 2009 1:03 am | by The Associated Press | News | Comments

BURLINGTON, Vt. (AP) — At least two Vermont Chevrolet dealers say they stand to lose their franchises by late next year when General Motors Corp. begins dropping 1,100 showrooms.Last week, the company announced plans to pare down its roster of dealers.One is John Gilmour who owns Wells River...

Albemarle has partner for food safety products, LA

May 20, 2009 1:03 am | by The Associated Press | News | Comments

BATON ROUGE, La. (AP) — Albemarle Corp. has named a unit of Ely Lilli & Co. as its North American marketing partner for a slate of planned food safety products.Albemarle will be working with Ivy Natural Solutions, a subsidiary of Elanco, a global research company owned by Eli LillyBaton Rouge-based...

Wickles Pickles Offers Creative Recipe Solutions

May 20, 2009 1:03 am | by The Associated Press | News | Comments () —Memorial Day is traditionally the start of the outdoor grilling season, a time when families and friends gather in the backyard, around the pool, or on the porch or deck and enjoy time visiting, reminiscing, eating and drinking.Generally, mom heads-up the kitchen...

Selects LiveWorld as Provider for New Social Network About Inspiring and Empowering Women Business Editors/Technology Editors

May 20, 2009 1:03 am | by The Associated Press | News | Comments

NEW YORK & SAN JOSE, Calif. & LONDON-- (BUSINESS WIRE) — May 20, 2009-- BraveHeart Women has selected LiveWorld, Inc. (Pink Sheets:LVWD) (, a leading social network marketing agency, as provider of its new online community described as Social Networking With a Purpose. The new...


GM Europe receives 3 bids for Opel, 8th Ld-Writethru, EU

May 20, 2009 1:03 am | by PATRICK McGROARTY - Associated Press Writer - Associated Press | News | Comments

BERLIN (AP) — Three investors filed bids Wednesday to take over or invest in General Motors Corp.'s ailing unit Adam Opel GmbH, a GM Europe spokesman said.Italian car maker Fiat SpA, Canadian auto parts maker Magna International and New York-based buyout firm Ripplewood Holdings LLC submitted plans...

Brazil's Lula concludes China visit, multiple deals inked+

May 20, 2009 12:58 am | by The Associated Press | News | Comments

BEIJING, May 20 (Kyodo) — Brazilian President Luiz Inacio Lula da Silva on Wednesday concluded a three-day state visit to China during which various agreements were inked including a $10 billion loan to Brazil's state-owned energy company.The visit underscored expanding economic and trade...

Russian banks may need $16 bln this year, EU

May 20, 2009 12:53 am | by The Associated Press | News | Comments

MOSCOW (AP) — Russian banks may need some $16 billion in capital injections this year as they are likely to face a surge in bad loans, a senior Central Bank official said Wednesday, according to Russian news agencies.Alexei Simanovsky, head of the Central Bank's banking regulations department, said...

Prosecutor: Gaza probe goes on without Israeli OK, 6th Ld-Writethru, UN

May 20, 2009 12:42 am | by ALEXANDER G. HIGGINS - Associated Press Writer - Associated Press | News | Comments

GENEVA (AP) — A U.N. investigation into possible war crimes in Israel and Gaza will go ahead with or without Israel's cooperation, the chief investigator said Wednesday.Israel regards the probe as "intrinsically flawed" because it was ordered by the U.N. Human Rights Council, which has an...

China shares fall as investors lock in gains, AS

May 20, 2009 12:42 am | by The Associated Press | News | Comments

SHANGHAI (AP) — China stocks fell Wednesday, ending a three-day winning streak, amid growing caution over prospects for a rapid economic recovery. News of an expanded government subsidy program for car and appliance sales did little to lift sentiment.The benchmark Shanghai Composite Index slipped...

Ranchers tell USDA why they oppose animal ID plan, APFN

May 20, 2009 12:42 am | by SHANNON DININNY - Associated Press Writer - Associated Press | News | Comments

PASCO, Wash. (AP) — Just 36 percent of ranchers are taking part in a federal program started five years ago to trace livestock in the event of a disease outbreak.U.S. Department of Agriculture officials found out why Monday, when 75 Western livestock producers gave them an earful during a meeting....

US vice president visits Serbia to boost relations, 1st Ld-Writethru, EU

May 20, 2009 12:42 am | by DUSAN STOJANOVIC - Associated Press Writer - Associated Press | News | Comments

BELGRADE, Serbia (AP) — U.S. Vice President Joe Biden arrived in Serbia on Wednesday to try to patch up relations with the Balkan country despite deep differences over independence for the breakaway Kosovo province.Biden arrived from Bosnia, the first stop in a three-day tour of the Balkans meant...


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