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SKorea, EU aim to make progress on FTA at summit

May 21, 2009 9:30 pm | by KELLY OLSEN - AP Business Writer - Associated Press | News | Comments

SEOUL, South Korea (AP) — South Korea and the European Union hope to use a weekend summit to make progress on a stalled free trade agreement and lay the groundwork for expanded relations.An EU delegation led by European Commission President Jose Manuel Barroso and Czech President Vaclav Klaus...

Bank of Japan upgrades assessment of economy

May 21, 2009 9:30 pm | by JAY ALABASTER - Associated Press Writer - Associated Press | News | Comments

TOKYO (AP) — Japan's central bank on Friday upgraded its assessment of the world's second-largest economy, taking a cautiously upbeat stance that recession may be easing.The Bank of Japan's eight-member policy board voted unanimously to leave its overnight call rate at 0.1 percent, a move that was...

Auto dealer indicted in alleged salvage scam, 1st Ld-Writethru, CO

May 21, 2009 9:30 pm | by The Associated Press | News | Comments

DENVER (AP) — An indictment by a state grand jury alleges a Grand Junction auto dealer sold vehicles determined to be "total losses" to unsuspecting buyers without telling them how damaged the vehicles were.Named in the indictment is 66-year-old Camden P. Fortney III, owner of Camden Motors.The...

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Libyan dissident dies after release to Jordan, ML

May 21, 2009 9:19 pm | by JAMAL HALABY - Associated Press Writer - Associated Press | News | Comments

AMMAN, Jordan (AP) — A Libyan dissident and human rights activist repeatedly imprisoned in Libya for defying the country's leader Moammar Gadhafi died after being released earlier this month to Jordan, a top Jordanian security official said.Fathi al-Jahmi, whose ordeal in Libyan prisons had been...

Carbon Sciences Promotes Byron Elton to Chairman and CEO

May 21, 2009 9:08 pm | by The Associated Press | News | Comments

Carbon Sciences Inc. (OTCBB: CABN), the developer of a breakthrough technology to recycle carbon dioxide (CO2) emissions into gasoline and other fuels, today announced that Byron Elton has been promoted to Chairman of the Board of Directors and CEO. Elton replaces Derek McLeish, who recently...

Source: 1 dead after military jet crash in Calif., 5th Ld-Writethru, CA

May 21, 2009 9:08 pm | by The Associated Press | News | Comments

CALIFORNIA CITY, Calif. (AP) — A military jet on a training mission crashed Thursday north of Edwards Air Force base in the Mojave Desert, killing one of two crew members, authorities said.The T-38 Talon went down at 1:15 p.m. nine miles north of the base, Senior Airman Julius Delos Reyes said in a...

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LEAD: Japan lifts checks on Mexican tourists, eases Mexico travel advisory+

May 21, 2009 9:02 pm | by The Associated Press | News | Comments

TOKYO, May 22 (Kyodo) — (EDS: ADDING INFO ON CANCELLATION OF MEXICAN NAVY SHIP'S VISIT TO OSAKA AT LAST 4 GRAFS)The government on Friday lifted its suspension of visa waivers for Mexicans wishing to enter Japan, the Foreign Ministry said, referring to a measure introduced in late April following...

2ND LD: Japan revamps policy to tackle new flu+

May 21, 2009 8:57 pm | by The Associated Press | News | Comments

TOKYO, May 22 (Kyodo) — (EDS: UPDATING 1ST GRAF)The Japanese government adopted a new policy on battling new strains of influenza Friday amid the domestic outbreak of an apparently milder form of the infection, with the number of confirmed cases in Japan rising to 302.The new policy, intended to...

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Conn. Senate approves deficit plan, CT

May 21, 2009 8:57 pm | by The Associated Press | News | Comments

HARTFORD, Conn. (AP) — A fifth attempt to tackle Connecticut's current fiscal year deficit, estimated at nearly $1 billion, has passed the state Senate.But the plan only covers about $154 million of the red ink. About $110 million of that includes money transferred from various off-budget accounts....

Oil around $60 amid weakening US dollar

May 21, 2009 8:41 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Crude oil futures traded within a narrow range Friday amid a weakening dollar.Benchmark crude for July delivery rose 3 cents to $61.08 a barrel on the New York Mercantile Exchange. In London, Brent prices increased 36 cents to $60.29 a barrel on the ICE Futures exchange.Crude prices...

Chavez extends nationalizations to build industry, 1st Ld-Writethru, LT

May 21, 2009 8:36 pm | by The Associated Press | News | Comments

CARACAS, Venezuela (AP) — President Hugo Chavez ordered the takeover of at least six metal, ceramic and other companies Thursday, accelerating his push to spread socialism and build "an industrial complex" in Venezuela.The companies include Venezuelan steelmaker Siderurgica Venezolana SA, ceramic...

Documents were shredded at gang force after audit, MN

May 21, 2009 8:20 pm | by The Associated Press | News | Comments

MINNEAPOLIS (AP) — Officers shredded documents at the Metro Gang Strike Force headquarters hours after state officials announced plans to suspend the force to deal with questionable financial records.The Star Tribune reports that shredded documents were found in trash bins and paper residue was...

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

May 21, 2009 8:20 pm | by The Associated Press | News | Comments

TOKYO, May 22 (Kyodo) — (EDS: ADDING INFO)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 positive signs of improvement in such areas as exports and output, while holding its key interest rate steady at 0.1...

Technologies Continues Lasercom Flight Tests for Air Force Research Laboratory Business Editors/Technology Editors

May 21, 2009 8:09 pm | by The Associated Press | News | Comments

CAMPBELL, Calif.-- (BUSINESS WIRE) — May 22, 2009-- AOptix Technologies, Inc., (AOptix) (www.aoptix.com) a leading edge developer of ultra-high bandwidth laser communication solutions, disclosed today the successful completion of the second in a series of three flight tests being performed for the...

RI unemployment rate rises past 11 percent, RI

May 21, 2009 8:09 pm | by The Associated Press | News | Comments

PROVIDENCE, R.I. (AP) — Rhode Island's unemployment rate has climbed to 11.1 percent, as the number of residents without jobs grew by 3,000 last month.Joblessness in Rhode Island rose from the March unemployment rate of 10.6 percent and continued to far exceed the national average.The state...

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