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Formation in sale talks with Gresham, EU

May 26, 2009 2:40 am | by The Associated Press | News | Comments

LONDON (AP) — Sports and entertainment talent agency Formation Group PLC said Tuesday it is in exclusive talks with Gresham Private Equity over a sale of parts of its business, sending its shares soaring more than 50 percent.Formation, which represents "American Idol" judge Simon Cowell and a...

NH's Shaheen visits Afghanistan, 1st Ld-Writethru, NH

May 26, 2009 2:40 am | by The Associated Press | News | Comments

MANCHESTER, N.H. (AP) — New Hampshire Sen. Jeanne Shaheen joined several congressional colleagues on a trip to Afghanistan.Shaheen, a member of the Senate Foreign Relations Committee, met with Afghan president Hamid Karzai over the weekend to discuss the U.S. mission.She spent time visiting troops...

Ahead of the Bell: Consumer Confidence

May 26, 2009 2:39 am | by ANNE D'INNOCENZIO - AP Retail Writer - Associated Press | News | Comments

NEW YORK (AP) — A preliminary report on consumer sentiment in May is expected to show further improvement in Americans' mood amid tentative signs that the economy may be stabilizing.Consumer sentiment zoomed past economists' expectations to 39.2 in April from a revised 26.9 in March. That was the...

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Q & A: 'Fight Club' author has a new small hero, US

May 26, 2009 2:39 am | by CHRIS TALBOTT - Associated Press Writer - Associated Press | News | Comments

JACKSON, Miss. (AP) — Everybody just knew Chuck Palahniuk was a murderer — maybe something worse.The author spent some time working in a soup kitchen years ago, but didn't bother to tell anyone who he was. It wasn't long before the theories started floating back to the author of "Fight Club,"...

UN: 2.4 million Pakistanis uprooted this month, UN

May 26, 2009 2:39 am | by BRADLEY S. KLAPPER - Associated Press Writer - Associated Press | News | Comments

GENEVA (AP) — Fighting in northwest Pakistan has uprooted nearly 2.4 million people this month, the U.N. refugee agency said Tuesday. About 126,000 people are being forced from their homes each day, it said.Figures are still being cross-checked for accuracy, said Ron Redmond, spokesman for the U.N....

South Africa in 1st recession in nearly 2 decades, 1st Ld-Writethru, AF

May 26, 2009 2:39 am | by CELEAN JACOBSON - Associated Press Writer - Associated Press | News | Comments

PRETORIA, South Africa (AP) — South Africa entered a recession for the first time in nearly two decades after the economy shrunk 6.4 percent during the first quarter of this year, government officials said Tuesday.The economy had contracted by 1.8 percent in the last quarter of 2008, and the...

Schuller dans l'optimisation de sa tresorerie sur un marche de l'automobile incertain

May 26, 2009 2:34 am | by The Associated Press | News | Comments

PARIS-- (BUSINESS WIRE) — 26 mai 2009-- Le groupe Schuller, acteur majeur de la distribution automobile en France et Kyriba, leader du marche des services applicatifs Internet de gestion de tresorerie, communication bancaire et paiements, ont le plaisir de vous annoncer que le groupe Schuller a...

Virgin Atlantic says pretax profit nearly doubles, EU

May 26, 2009 2:33 am | by The Associated Press | News | Comments

LONDON (AP) — Virgin Atlantic Airways said Tuesday that full-year pretax profit nearly doubled despite volatile fuel costs and weaker demand amid the global economic downturn.For the year ending Feb. 28, the airline reported a pretax profit of 68.4 million pounds ($108 million), up from 34.8...

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Worried book industry gathers for convention, 2nd Ld-Writethru, US

May 26, 2009 2:33 am | by HILLEL ITALIE - AP National Writer - Associated Press | News | Comments

NEW YORK (AP) — This weekend's BookExpo America will be a good time for promoting, predicting, mingling — and worrying.For example, the audio market.Except for e-books, sales are down throughout the publishing industry and the numbers have looked ever steeper for audio. The Association of American...

Fiat CEO pushes Opel bid with Merkel

May 26, 2009 2:28 am | by PATRICK McGROARTY - Associated Press Writer - Associated Press | News | Comments

BERLIN (AP) — Fiat CEO Sergio Marchionne pushed his bid for General Motors Corp.'s Opel unit in talks Tuesday with German leaders, saying he had lowered his request for government financial help.Fiat's rivals in the race for Opel, Canadian auto parts maker Magna International Inc. and U.S....

Industry's Lowest Power CortexTM-M3 based Microcontrollers Business Editors/High-Tech Writers

May 26, 2009 2:28 am | by The Associated Press | News | Comments

EINDHOVEN, Netherlands-- (BUSINESS WIRE) — May 26, 2009-- NXP, the independent semiconductor company founded by Philips, today introduced the industry's lowest power 32-bit Cortex(TM)-M3 based microcontrollers, maintaining its commitment to innovation in energy-efficiency and further extending the...

North Korea blames US for tensions in Asia, AS

May 26, 2009 2:23 am | by ERIC TALMADGE - Associated Press Writer - Associated Press | News | Comments

SEOUL, South Korea (AP) — North Korea, facing a storm of international criticism for its nuclear test, blamed Washington on Tuesday for creating tensions in the region and said the United States is preparing an attack.An editorial in the North's main newspaper, the Rodong Sinmun, called the United...

QLogic CNAs and 10Gb CEE Pass-Thru Modules Integrated in Next Generation IBM HS22 Blade Servers; IBM Puts Enterprise Weight Behind FCoE

May 26, 2009 2:17 am | by GLOBE NEWSWIREAssociated Press | News | Comments

ALISO VIEJO, Calif., May 26, 2009 (GLOBE NEWSWIRE) — Continuing to execute along a fast-paced trajectory to expand its industry lead in intelligent converged networking technologies, QLogic Corp. (Nasdaq:QLGC), a leading supplier of high performance network infrastructure solutions, today announced...

Boston Archdiocese makes priest pension reforms, MA

May 26, 2009 2:17 am | by The Associated Press | News | Comments

BRAINTREE, Mass. (AP) — The Roman Catholic Boston Archdiocese is taking steps to reform its financially shaky clergy pension system before it runs out of money.Cardinal Sean O'Malley has mailed a letter to all priests that says sick clergy will receive only 60 percent of their stipend, in addition...

Shell's top gas executive resigns

May 26, 2009 2:17 am | by TOBY STERLING - AP Business Writer - Associated Press | News | Comments

AMSTERDAM (AP) — The top gas executive and highest-ranking woman at Royal Dutch Shell PLC, Linda Cook, is stepping down June 1, the company said Tuesday, without giving a reason.Cook, 50, was a candidate to replace Chief Executive Jeroen van der Veer, who is retiring July 1. Instead the top job...

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