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Clear Channel cutting 590 radio jobs

April 28, 2009 6:57 pm | by The Associated Press | News | Comments

SAN ANTONIO (AP) — Clear Channel Communications Inc., the largest owner of U.S. radio stations, said Tuesday it is cutting 590 jobs, including some on-air personalities, in its second round of mass layoffs this year amid pressure from the recession and evaporating advertising budgets.Clear...

Calif. financier Danny Pang arrested by FBI

April 28, 2009 6:57 pm | by The Associated Press | News | Comments

LOS ANGELES (AP) — California-based financier Danny Pang, accused by federal regulators of defrauding investors out of hundreds of millions of dollars, was arrested Tuesday by the FBI on charges he withdrew about $360,000 from a company account through dozens of small transactions so he wouldn't...

Cruise lines cancel Mexico stops over flu worry

April 28, 2009 6:57 pm | by The Associated Press | News | Comments

MIAMI (AP) — Carnival Cruise Lines, Royal Caribbean Cruises and Norwegian Cruise Line have suspended stops at Mexican ports over concerns about swine flu.Carnival said on its Web site it has canceled all calls at Mexican ports through May 4, and in many cases will be able to substitute the canceled...

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Earnings Preview: Safeway Inc.

April 28, 2009 6:57 pm | by The Associated Press | News | Comments

PORTLAND, Ore. (AP) — Grocery-store operator Safeway Inc. reports its fourth-quarter results on Thursday. The following is a summary of key developments related to the period.OVERVIEW: Safeway's traffic and sales have slowed as consumers cut their spending and as competition among grocery sellers...

Swine flu fear catching fast in weak world economy

April 28, 2009 6:57 pm | by ADAM GELLER - AP National Writer - Associated Press | News | Comments

NEW YORK (AP) — The swine flu outbreak is unleashing a side effect the global economy is in no condition to handle: fear.Travelers are canceling or delaying trips to Mexico, Cuba banned all flights to its neighbor and Argentina announced Tuesday a five-day ban on flights arriving from Mexico....

Royal Caribbean halts Mexico calls due to flu

April 28, 2009 6:57 pm | by The Associated Press | News | Comments

MIAMI (AP) — Royal Caribbean Cruises says it's suspending port calls indefinitely in Mexico until more is known about the swine flu outbreak.The company says the move affects its Royal Caribbean International and Celebrity Cruises.Royal Caribbean has four ships that regularly stop in Mexico and two...

Farmers worry 'swine flu' nickname may sink profit

April 28, 2009 6:57 pm | by MICHAEL J. CRUMB - Associated Press Writers - Associated Press | News | Comments

DES MOINES, Iowa (AP) — Like the virus itself, the name "swine flu" is spreading quickly. For the pork purveyors and hog farmers who make up the nation's $15 billion pork industry, that's a disaster.It doesn't seem to matter that the strain may not come entirely from pigs and cannot be spread by...

US wants ingredient in swine flu vaccine by May

April 28, 2009 6:56 pm | by LAURAN NEERGAARD - AP Medical Writer - Associated Press | News | Comments

WASHINGTON (AP) — U.S. scientists hope to have a key ingredient for a swine flu vaccine ready in early May, but are finding that the novel virus grows slowly in eggs — the chief way flu vaccines are made.Even if all goes well, it still will take a few months before any shots are available for the...

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Tuesday's Treasury bond market at a glance

April 28, 2009 6:56 pm | by The Associated Press | News | Comments

Key barometers in the Treasury market late Tuesday, compared with late Monday. Price changes in the 10-year note and 30-year bond are per $1,000 invested:10-year bond -8.44 +7.5030-year bond -19.69 +8.13___Yield Pvs Session1-month bill 0.04 0.053-month bill ...

Dollar 3-month interbank rate down ahead of Fed

April 28, 2009 6:56 pm | by The Associated Press | News | Comments

LONDON (AP) — The cost of three-month dollar loans between banks fell modestly to a six-year low Wednesday as the U.S. Federal Reserve wraps up its latest two-day meeting.After the Fed's $1.2 trillion measures last month to kick start the economy, including buying Treasury bonds from banks through...

Wells Fargo CEO sees 'rays of hope' in economy

April 28, 2009 6:56 pm | by The Associated Press | News | Comments

SAN FRANCISCO (AP) — Wells Fargo's CEO thinks the recession may be nearing an end, but still isn't feeling optimistic enough to set a timetable for repaying the $25 billion that U.S. taxpayers invested in the bank last fall."There are rays of hope," John Stumpf said Tuesday at Wells Fargo's annual...

Business journalism association to move to ASU

April 28, 2009 6:56 pm | by The Associated Press | News | Comments

PHOENIX (AP) — The headquarters for a national business journalism professional association is moving from the University of Missouri School of Journalism to Arizona State University.The Society of American Business Editors and Writers, known as SABEW, will make the move to ASU's Walter Cronkite...

Meltdown 101: What is the Conference Board?

April 28, 2009 6:56 pm | by ANNE D'INNOCENZIO - AP Retail Writers - Associated Press | News | Comments

NEW YORK (AP) — The closely watched Consumer Confidence Index soared in April to the highest level seen since November, according to the Conference Board, which puts out this measure of public sentiment each month.Just what is this Conference Board, and who gets to be a member? Why does their...

Product Recalls: nail polish remover

April 28, 2009 6:56 pm | by The Associated Press | News | Comments

The following recall has been announced:— Personal Care Products is recalling non-acetone nail polish remover because it could cause chemical burns to the fingers of users. Personal Care has received two complaints of burns to the fingers. The product was sold nationwide in small discount retail...

GM plans to sell Saturn this year, 2 years early

April 28, 2009 6:56 pm | by TOM KRISHER - AP Auto Writer - Associated Press | News | Comments

DETROIT (AP) — General Motors Corp.'s Saturn brand will either be sold or phased out by the end of this year, nearly two years faster than previously announced, the brand's top executive said Tuesday.Saturn General Manager Jill Lajdziak said the brand, once billed as a different kind of car...

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