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Neb. man accused of defrauding investors, NE

May 22, 2009 12:42 pm | by The Associated Press | News | Comments

OMAHA, Neb. (AP) — A federal grand jury has indicted a 37-year-old Nebraska man, alleging he operated a Ponzi scheme that caused investors to lose about $4 million from 2006 to 2008.Matthew Anselmo of Bellevue is accused of misappropriating investment and loan funds from 13 people to pay off...

BW)(CA-UCBH-HOLDINGS-INC.)(UCBH.NASDAQ) UCBH Holdings, Inc. Receives Expected NASDAQ Notice Related to Late Filing of Its Form 10-Q Business Editors/Banking Writers

May 22, 2009 12:42 pm | by The Associated Press | News | Comments

SAN FRANCISCO-- (BUSINESS WIRE) — May 22, 2009-- UCBH Holdings, Inc. (NASDAQ:UCBH), the holding company of United Commercial Bank (UCB(TM)), today announced that it received a letter from The NASDAQ Stock Market ("NASDAQ") on May 20, 2009, notifying the Company that it is currently not in...

Judge threatens sanctions over gov't wiretapping, 1st Ld-Writethru, CA

May 22, 2009 12:42 pm | by PAUL ELIAS - Associated Press Writer - Associated Press | News | Comments

SAN FRANCISCO (AP) — A federal judge on Friday threatened to severely sanction the Obama Administration for withholding a top secret document he ordered given to lawyers suing the government over its warrantless wiretapping program.U.S. District Judge Vaughn Walker in San Francisco ordered Justice...

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La. House members wary of tax break delay, 1st Ld-Writethru, LA

May 22, 2009 12:42 pm | by DOUG SIMPSON - Associated Press Writer - Associated Press | News | Comments

BATON ROUGE, La. (AP) — A Senate proposal to lessen budget cuts at Louisiana universities faces an uncertain future in the House, because some lawmakers can't stomach the tax implications: senators want to reduce cuts to higher education by postponing a tax break promised to voters two years...

Dip in Indiana jobless rate not expected to last, 3rd Ld-Writethru, IN

May 22, 2009 12:41 pm | by DEANNA MARTIN - Associated Press Writer - Associated Press | News | Comments

INDIANAPOLIS (AP) — Indiana's unemployment rate dropped slightly to 9.9 percent in April, but analysts don't expect the glimmer of good news to last long.Preliminary figures released Friday show the state's unemployment rate fell from the 10 percent seasonally adjusted rate reported for March....

WVa gov meets with steel giant over future, WV

May 22, 2009 12:41 pm | by The Associated Press | News | Comments

CHARLESTON, W.Va. (AP) — Gov. Joe Manchin says Russian-owned steelmaker Severstal International is committed to West Virginia, despite the recent idling of mills here and in Ohio.Manchin met Friday with leaders from the company and its Wheeling facility, where the recent idling of plants and...

Ill. gov won't sign building plan until work done, APFN

May 22, 2009 12:35 pm | by JOHN O'CONNOR - AP Political Writer - Associated Press | News | Comments

SPRINGFIELD, Ill. (AP) — Illinois Gov. Pat Quinn is using a monstrous state construction bill, desperately wanted by lawmakers to fix roads and schools back home, as leverage as he tries to push through a state budget proposal that includes a sizable income tax increase.Quinn told reporters outside...

The Envision Group Awarded 14.8 Million Dollar Contract

May 22, 2009 12:35 pm | by The Associated Press | News | Comments

The envision Group is pleased to announce that it's wholly owned subsidiary, IONA Contractors Ltd., has been awarded a 14.8 Million Dollar Contract with the Calgary Airport Authority.IONA Contractors has been contracted to provide General Contracting services for the North Airfield Improvements...

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Materials Inc. Declares Quarterly Dividend Business Editors/Manufacturing Writers

May 22, 2009 12:35 pm | by The Associated Press | News | Comments

DALLAS-- (BUSINESS WIRE) — May 22, 2009-- The Board of Directors of Eagle Materials Inc. (NYSE: EXP) has declared a quarterly cash dividend of $0.10 per share, payable on July 23, 2009 to stockholders of record of its Common Stock at the close of business on June 24, 2009.Eagle Materials Inc. is a...

Meltdown 101: What's a preferred share?, US

May 22, 2009 12:35 pm | by CANDICE CHOI - AP Personal Finance Writer - Associated Press | News | Comments

NEW YORK (AP) — When a company's balance sheet is in tatters, is an investor any better off holding preferred stock?It's a question that's coming up more often these days, as struggling corporations slash dividends, issue stock offerings to raise cash and, in many cases, file for bankruptcy.Amid...

ALL BUSINESS: Investors still support CEO pay

May 22, 2009 12:35 pm | by RACHEL BECK - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — This was the year corporate governance experts predicted that investors, stung by plunging stock prices as the recession intensified, would finally demand big changes in CEO pay levels and ineffective boards.But so far during this spring's annual meeting season, there have been few...

Las Vegas slots-maker allowed to sell in Kansas, KS

May 22, 2009 12:30 pm | by The Associated Press | News | Comments

TOPEKA, Kan. (AP) — Kansas regulators are allowing a Las Vegas company to sell slot machines and other gambling equipment to state-owned casinos.The Racing and Gaming Commission said Friday it granted its first temporary certification to Konami Gaming Inc. The commission expects other companies to...

US journalist freed in Iran arrives in America, 5th Ld-Writethru, EU

May 22, 2009 12:29 pm | by FARYL URY - AP Television Producer - Associated Press | News | Comments

WASHINGTON (AP) — An American journalist who spent four months in an Iranian prison was greeted Friday afternoon with cheers and hugs from friends as she returned to the United States.Roxana Saberi told reporters upon her arrival that singing the national anthem helped keep her going. "And it may...

Louisiana retirement system cuts off Aldus, 1st Ld-Writethru, LA

May 22, 2009 12:29 pm | by ALAN SAYRE - AP Business Writer - Associated Press | News | Comments

NEW ORLEANS (AP) — The Louisiana State Employees' Retirement System said Friday that it had ended dealings with a financial firm where a top official is accused of paying kickbacks to obtain contracts to manage state pension funds.LASERS had $125 million invested with two private equity funds...

Panel cuts UW System budget, backs retention fund, WI

May 22, 2009 12:29 pm | by The Associated Press | News | Comments

MADISON, Wis. (AP) — The Legislature's budget committee has voted to cut $120 million from the University of Wisconsin System's budget over the next two years.The committee, however, also approved spending $15 million for a retention fund for high-demand faculty members and to pay for UW research...

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