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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...

Official: NC considers Apple for massive tax break

May 22, 2009 12:29 pm | by EMERY P. DALESIO - AP Business Writer - Associated Press | News | Comments

RALEIGH, N.C. (AP) — North Carolina lawmakers are pushing to give Apple Inc. a multi-million dollar tax break should the company bring an East Coast computer server farm to the state — an estimated $1 billion investment, according to a state official with knowledge of the recruitment efforts.The...

Former pitcher pleads guilty to tax evasion, 3rd Ld-Writethru, WI

May 22, 2009 12:29 pm | by TODD RICHMOND - Associated Press Writer - Associated Press | News | Comments

MADISON, Wis. (AP) — A former New York Mets star pitcher pleaded guilty to misdemeanor federal tax evasion Friday in a deal with prosecutors.Jerry Koosman, a former all-star who helped the Mets win the 1969 World Series, failed to pay federal income taxes for 2002, 2003 and 2004, defrauding the...

S & P places Orbitz ratings on CreditWatch negative, APFN

May 22, 2009 12:24 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Standard & Poor's Ratings Services on Friday placed its ratings on Orbitz Worldwide Inc. on CreditWatch with negative implications.The Chicago-based travel Web site's "B'' corporate credit rating was among those put on watch.The placement is based on the company's announcement...


Ala. governor signs disclosure bill on state plane, AL

May 22, 2009 12:24 pm | by The Associated Press | News | Comments

MONTGOMERY, Ala. (AP) — Gov. Bob Riley has signed legislation that requires Alabama governors to use the Internet to report details about their use of state aircraft and expenditures from their office's contingency fund.Riley has done that voluntarily since taking office in 2003. He said the new...

Forestry officials on urgent mission: beetles, US

May 22, 2009 12:23 pm | by DAVID TIRRELL-WYSOCKI - Associated Press Writer - Associated Press | News | Comments

CONCORD, N.H. (AP) — Forestry officials in the Northeast are on an urgent mission, tracking thousands of Massachusetts residents as they search for tree-eating stowaway insects they may have carried to campgrounds or vacation homes.The culprit is the Asian longhorned beetle that has devastated...

Big casinos back domestic partnership law change, APFN

May 22, 2009 12:18 pm | by The Associated Press | News | Comments

CARSON CITY, Nev. (AP) — The powerful Nevada Resort Association, representing the state's biggest hotel-casinos, joined Friday in support of a domestic partnership bill that may be vetoed by Gov. Jim Gibbons.Bill Bible, head of the association, said the bill would help to ensure the resort...

SC gov won't abide by law requiring federal cash, 3rd Ld-Writethru, SC

May 22, 2009 12:18 pm | by JIM DAVENPORT - Associated Press Writer - Associated Press | News | Comments

COLUMBIA, S.C. (AP) — South Carolina Gov. Mark Sanford will ignore a new state law forcing him to ask for $700 million in stimulus cash to ease school budget problems, his spokesman said Friday, days before a deadline to take the money.The Republican's plan to continue balking at the bailout came...

Resources Receives Interim Court Authorization to Draw on Interim DIP Credit Facility; Receives Delisting Notice from Nasdaq Business Editors/Energy Editors

May 22, 2009 12:18 pm | by The Associated Press | News | Comments

SAN ANTONIO-- (BUSINESS WIRE) — May 22, 2009-- TXCO Resources Inc. (Nasdaq:TXCO) today announced that the U.S. Bankruptcy Court for the Western District of Texas has granted the Company interim authorization to borrow up to $12.5 million under its proposed $32 million debtor-in-possession (DIP)...

Sources say FBI asking them about Sheriff Arpaio, 2nd Ld-Writethru, AZ

May 22, 2009 12:18 pm | by The Associated Press | News | Comments

PHOENIX (AP) — The FBI has interviewed a handful of public officials about whether Maricopa County Sheriff Joe Arpaio has abused his authority, according to The Arizona Republic.While Arpaio says he is unaware of an FBI inquiry, five local government officials told the Republic that federal agents...

HL:OPP sergeant charged in obstruction of justice case facing new charges@

May 22, 2009 12:18 pm | by The Associated Press | News | Comments

BRAMPTON, Ont. — An Ontario Provincial Police sergeant, accused of participating in a wide-ranging obstruction of justice and breach of trust case that has shocked the province's legal and police communities, is facing a slew of new charges.Provincial police Friday charged Michael Rutigliano, 49,...


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