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Y-stone Club owner has personal debts of $150M

April 30, 2009 4:57 pm | by MATTHEW BROWN - Associated Press Writer - Associated Press | News | Comments

BILLINGS, Mont. (AP) — Court filings show Yellowstone Club owner Edra Blixseth is more than $150 million in debt, while most of her houses, cars and other property have been put up as collateral on overdue loans.Blixseth and her former husband, Tim, developed from scratch the posh club with its...

NV Energy hits renewable target for first time

April 30, 2009 4:47 pm | by The Associated Press | News | Comments

RENO, Nev. (AP) — State regulators have certified that NV Energy Inc., Nevada's largest electric utility, has for the first time met its requirement that 9 percent of the power it produces be generated using renewable resources.Both of the company's subsidiaries — formerly Nevada Power Company...

Reader survey of stories roils Tribune newsroom

April 30, 2009 4:37 pm | by HERBERT G. McCANN - Associated Press Writer - Associated Press | News | Comments

CHICAGO (AP) — The Chicago Tribune in recent weeks solicited subscribers' opinions on stories before they were published, a practice the paper's own reporters said raises ethical questions, as well as legal and competitive issues.An e-mail signed by 55 reporters and editors, sent Wednesday to...

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UBS asks to keep account holders a secret

April 30, 2009 4:11 pm | by SARAH LARIMER - Associated Press Writer - Associated Press | News | Comments

MIAMI (AP) — Swiss banking giant UBS AG said turning over to the IRS the names of thousands of wealthy Americans who might be withholding billions in income from U.S. taxes would violate Swiss law and undermine international relations, according to a court brief filed Thursday.The Internal Revenue...

Fontainebleau construction slowing amid lawsuit

April 30, 2009 4:06 pm | by OSKAR GARCIA - Associated Press Writer - Associated Press | News | Comments

LAS VEGAS (AP) — Contractors building a $3 billion casino-resort on the Las Vegas Strip began trimming workers this week while financing to finish the project is in question, the developer said Thursday.Fontainebleau Las Vegas sued 11 lenders last week, saying the banks had pulled back on a...

Japan jobless rate up, spending down in March

April 30, 2009 4:06 pm | by The Associated Press | News | Comments

TOKYO (AP) — Japan says its jobless rate rose and household spending fell in March.Friday's government announcement shows the world's second-largest economy is still faltering.The Ministry of Internal Affairs and Communications said the jobless rate worsened to 4.8 percent in March, up from 4.4...

IDT reports fiscal 4th-qtr loss

April 30, 2009 3:46 pm | by The Associated Press | News | Comments

SAN JOSE, Calif. (AP) — Integrated Device Technology Inc. on Thursday reported a loss for its fiscal fourth-quarter due to a drop in revenue and a major writedown in the value of the company.For the quarter that ended March 29, the communications chip maker reported a loss of $719.2 million, or...

Delta chief's '08 compensation valued at $17.4M

April 30, 2009 3:05 pm | by HARRY R. WEBER - AP Airlines Writer - Associated Press | News | Comments

ATLANTA (AP) — The chief executive officer of Delta Air Lines Inc., Richard Anderson, received total compensation valued at $17.4 million in 2008, a 54 percent jump from 2007 when he was in charge of the company for only four months, according to Associated Press calculations of data filed with...

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Correction: Drugmaker dollars story

April 30, 2009 2:50 pm | by The Associated Press | News | Comments

WASHINGTON (AP) — In several versions of an April 28 story about a report on the influence of drugmaker money in medicine, The Associated Press reported erroneously that the head of Stanford University's psychiatry department had stepped down under criticism by a U.S. senator over payments made to...

Las Vegas Sands CEO Adelson paid $1.28M in 2008

April 30, 2009 2:40 pm | by OSKAR GARCIA - Associated Press Writer - Associated Press | News | Comments

LAS VEGAS (AP) — Billionaire Sheldon Adelson received $1.28 million in compensation as chief executive of Las Vegas Sands Corp. in 2008, 59 percent less than in 2007, as stock in the company where he is majority owner fell 94 percent, according to an Associated Press analysis of a company...

The Hartford Financial posts 1Q loss

April 30, 2009 2:25 pm | by The Associated Press | News | Comments

The Hartford Financial Services Group Inc. on Thursday posted a $1.2 billion first-quarter loss, and said it is suspending sales of annuities in Japan and the U.K. and halting plans to sell the products in Germany in a move to cut costs.For the first three months of the year, the insurance and...

Consumer companies' earning results at a glance

April 30, 2009 2:15 pm | by The Associated Press | News | Comments

Quarterly earnings reports from major U.S. consumer products makers Thursday show their revenue fell because of consumers' spending cuts and the stronger dollar. Some highlights:Procter & Gamble Co. — Cincinnati-based consumer products maker P&G earned $2.61 billion, or 84 cents per share, compared...

Monster Worldwide CEO's compensation fell in 2008

April 30, 2009 1:49 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Sal Iannuzzi, the chief executive of Monster Worldwide Inc., received compensation in 2008 valued at $8.2 million — a 37 percent decline from the year before — according to an Associated Press analysis of a Wednesday SEC filing.Iannuzzi, who has headed the New York-based job...

Suit against ex-Countrywide CEO to be held in Fla.

April 30, 2009 1:29 pm | by The Associated Press | News | Comments

TALLAHASSEE, Fla. (AP) — A federal court has ruled that Florida's lawsuit against the former chief executive of Countrywide Financial Corp. should be tried in state court.A federal court in California this week sent the state's lawsuit against former CEO Angelo R. Mozilo back to Florida's circuit...

Hog prices fall on swine flu worries

April 30, 2009 1:23 pm | by EMILY FREDRIX - AP Food Industry Writer - Associated Press | News | Comments

MILWAUKEE (AP) — Prices for U.S. hogs slipped on Thursday as concern deepened about swine flu's spread around the world, worrying traders that pork demand will drop as consumers shy away from the meat.U.S. health officials have said the H1N1 virus, which causes swine flu, can not be contracted by...

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