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Goldman Sachs, Morgan Stanley apply to repay TARP

May 18, 2009 1:38 pm | by STEVENSON JACOBS - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — Goldman Sachs and Morgan Stanley have formally asked the Federal Reserve for permission to repay a combined $20 billion in federal bailout money.The requests are pending, and no decision has been made on whether the investment banks will get approval to repay the money and sever...

Airport options considered in central Idaho, 2nd Ld-Writethru, ID

May 18, 2009 1:38 pm | by The Associated Press | News | Comments

HAILEY, Idaho (AP) — The Federal Aviation Administration plans a preliminary decision in November 2011 on the possible location and construction of a new airport in this central Idaho resort area.Cayla Morgan, the FAA project manager for the Environmental Impact Statement on replacing Friedman...

Clark County Commission approves $1.3B budget, NV

May 18, 2009 1:38 pm | by The Associated Press | News | Comments

LAS VEGAS (AP) — Clark County commissioners have approved a $1.3 billion spending plan for the upcoming fiscal year, amid complaints about a state proposal to siphon away more than $30 million in property tax funds.Commissioners complained Monday that a measure in the Legislature would let the...

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Mass. Senate begins budget debate talking taxes, 2nd Ld-Writethru, MA

May 18, 2009 1:38 pm | by STEVE LeBLANC - Associated Press Writer - Associated Press | News | Comments

BOSTON (AP) — The Massachusetts Senate is sifting through dozens of tax plans, including a proposal to raise the state sales tax from 5 percent to 6.25 percent.The Senate quickly rejected by an 11-28 vote a proposal to increase the state income tax rate from 5.3 percent to 5.9 percent. Supporters...

On final day, no final Minn. budget for lawmakers, 1st Ld-Writethru, APFN

May 18, 2009 1:38 pm | by BRIAN BAKST - Associated Press Writers - Associated Press | News | Comments

ST. PAUL, Minn. (AP) — The Minnesota Legislature's 2009 session lurched toward a midnight ending on Monday without a balanced budget — an unnerving prospect for cities and counties, schools and people on state health assistance likely to face fallout in days to come.Top Democrats emerged from a...

Deadly 1944 West Loch tragedy to be remembered, HI

May 18, 2009 1:32 pm | by HERBERT A. SAMPLE - Associated Press Writer - Associated Press | News | Comments

HONOLULU (AP) — It is a forgotten tale from an almost forgotten saga.By May 21, 1944, nearly 2½ years after the attack on Pearl Harbor, the U.S. military was island hopping through the South Pacific, slowly whittling away at Japan's war-fighting ability.Back at Pearl Harbor, a Navy armada was a few...

Dollar slides as stocks rally on renewed optimism

May 18, 2009 1:32 pm | by The Associated Press | News | Comments

NEW YORK (AP) — The dollar dropped against the euro and the pound Monday after a better-than-expected profit report from Lowe's Cos. and an uptick in homebuilder sentiment revived investors' confidence in an economic rebound.The 16-nation euro advanced to $1.3534 in late New York trading from...

Huntsman: US-China relationship most important, 4th Ld-Writethru, UT

May 18, 2009 1:32 pm | by BROCK VERGAKIS - Associated Press Writer - Associated Press | News | Comments

SALT LAKE CITY (AP) — Utah Gov. Jon Huntsman — newly nominated to serve as the United States' ambassador to China — said Monday he and President Barack Obama believe the U.S. relationship with China is its most important one in the world.Huntsman, a popular Republican governor who just started his...

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American Apparel posts $9 million loss in 1Q, APFN

May 18, 2009 1:32 pm | by The Associated Press | News | Comments

LOS ANGELES (AP) — American Apparel Inc. said Monday it posted a first-quarter loss amid lower same-store sales and higher expenses, and shares slid in aftermarket trading after the retailer lowered its yearly revenue outlook.The stock sank $1.07, or 19.6 percent, to $4.40 in aftermarket trading,...

HL:Another big grocery chain to charge for plastic and paper bags@

May 18, 2009 1:32 pm | by Tamara King@Associated Press | News | Comments

TORONTO — Another major grocery store chain will soon ask shoppers in Ontario and Quebec to spend a nickel for each throwaway plastic bag, a practice that environmentalists believe will soon become the norm at supermarkets nationwide.Metro Inc. (TSX:MRU.A), which operates nearly 600 stores, is set...

UIL Holdings plans to offer 4 million shares, APFN

May 18, 2009 1:32 pm | by The Associated Press | News | Comments

NEW HAVEN, Conn. (AP) — UIL Holdings Corp. said on Monday it would offer about 4 million shares of stock.The offering would raise almost $96.1 million, based on the utility's Monday closing share price of $24.02 before the planned offering was announced.UIL, the New Haven-based holding company for...

Here's Chucky: Gruden replaces Kornheiser on MNF, 2nd Ld-Writethru, APFN

May 18, 2009 1:32 pm | by BEN WALKER - AP National Writer - Associated Press | News | Comments

Monday Night Football tried a Cowboy, a comic, a columnist and a Cosell. To fill the latest vacancy in the broadcast booth, ESPN went with a winning formula — a coach, and a Super Bowl champion at that.Fresh off getting fired by the Tampa Bay Buccaneers, Jon Gruden was hired to replace Tony...

Treasury prices fall as stock market jumps

May 18, 2009 1:32 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Treasurys lost ground Monday as investors grew more confident about the housing market and banking industry.A better-than-expected earnings report from the home improvement retailer Lowe's encouraged investors to pull money out of Treasurys and put it into stocks. Stocks also got a...

Daily Summary May 18, 2009. MIDWEST CATTLE Direct Trade: In the direct slaughter cattle trade in the Five Major Marketing Areas,, WI

May 18, 2009 1:32 pm | by The Associated Press | News | Comments

Texas/Oklahoma; Kansas; Nebraska; Colorado; Iowa/Minnesota: Not enough salesfor an adequate market trend.Steers: Live Basis: (all grades 0 head).Dressed Basis; (all grades 0 head).Heifers: Live Basis: (all grades 36 head) 85.50.Dressed Basis; (all grades 0 head). Auction markets: Not tested.CATTLE...

Nader: Automaker restructuring needs more scrutiny, 1st Ld-Writethru, US

May 18, 2009 1:32 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Ralph Nader called on Congress to hold hearings into dealership and factory closures at automakers Chrysler LLC and General Motors Corp. before "irreversible measures" are taken.The consumer activist and former presidential candidate sent a letter Monday to Democrats Sen. Chris Dodd...

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