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HP's profit drops, more layoffs looming, US

May 19, 2009 8:04 pm | by JORDAN ROBERTSON - AP Technology Writer - Associated Press | News | Comments

SAN FRANCISCO (AP) — As a gauge of how personal computer sales are faring, Hewlett-Packard Co.'s quarterly results clouded the issue rather than provided clarity.HP's profit dropped 17 percent to $1.72 billion and sales fell 3 percent to $27.4 billion in its fiscal second quarter, dragged down by...

AstraZeneca e-mails show debate on Seroquel risks, 4th Ld-Writethru, US

May 19, 2009 8:04 pm | by LINDA A. JOHNSON - AP Business Writer - Associated Press | News | Comments

TRENTON, N.J. (AP) — Marketing executives at British drugmaker AstraZeneca PLC for years blocked efforts by company scientists to raise concerns antipsychotic drug Seroquel caused weight gain and other problems, saying that would harm sales, plaintiff lawyers say.They say their claim is backed by...

Democrat claims seat in state Senate runoff, CA

May 19, 2009 7:53 pm | by The Associated Press | News | Comments

LOS ANGELES (AP) — A Democratic state assemblyman claimed a vacant state Senate seat Tuesday in a three-way runoff that offered little drama or suspense.Curren Price, a former Inglewood councilman in his second term in the Assembly, easily defeated Republican Nachum Shifren and Peace and Freedom...

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3RD LD: Japan economy suffers worst slump in January-March qtr+

May 19, 2009 7:53 pm | by The Associated Press | News | Comments

TOKYO, May 20 (Kyodo) — (EDS: ADDING DETAILS, 4TH LEAD TO FOLLOW)Japan's economy suffered a record contraction in the first three months of 2009, struck by weakness in both external and domestic demand amid the economic crisis, the government said Wednesday.The Japanese economy, as measured by...

California voters reject state spending cap, 5th Ld-Writethru, US

May 19, 2009 7:48 pm | by The Associated Press | News | Comments

LOS ANGELES (AP) — California voters have rejected a ballot measure that would have created a state spending cap while prolonging temporary tax increases.Proposition 1A was the centerpiece of efforts by Gov. Arnold Schwarzenegger and other state leaders to fix California's ongoing fiscal problems....

Milwaukee Co. Board settles lawsuit for $45M, 1st Ld-Writethru, WI

May 19, 2009 7:37 pm | by The Associated Press | News | Comments

MILWAUKEE (AP) — The Milwaukee County Board reached a $45 million settlement of a federal lawsuit against Mercer Inc., the actuaries firm accused of failing to warn that a pension benefit plan approved in 2000 would saddle the county with multimillion-dollar costs for years.The impact of the...

Williams wins Democratic nomination for Philly DA, 7th Ld-Writethru, US

May 19, 2009 7:27 pm | by PATRICK WALTERS - Associated Press Writer - Associated Press | News | Comments

PHILADELPHIA (AP) — A former assistant prosecutor on Tuesday won a five-way Democratic primary for district attorney, making him the heavy favorite to win in November and become the first black DA in the city's history.The victory for Seth Williams comes four years after he lost in a challenge to...

LEAD: Japan needs to brace for continued economic severity: Kawamura+

May 19, 2009 7:22 pm | by The Associated Press | News | Comments

TOKYO, May 20 (Kyodo) — (EDS: ADDING COMMENTS)Chief Cabinet Secretary Takeo Kawamura expressed concern Wednesday that Japan's economic situation may continue to remain in dire straits, but noted that an early recovery is possible if the government's stimulus steps are steadily implemented.Kawamura...

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Brother and sister found dead in Oconto Co.

May 19, 2009 7:22 pm | by The Associated Press | News | Comments

GILLETT, Wis. (AP) — Authorities say a 21-year-old man and his 32-year-old sister were found shot to death Tuesday in the rural home they rented in the Oconto County town of Gillett.Sheriff Mike Jansen said there is no evidence to indicate the community is in any danger as the investigation of the...

LEAD: Tokyo stocks edge up on GDP data, resource shares rise on oil price+

May 19, 2009 7:22 pm | by The Associated Press | News | Comments

TOKYO, May 20 (Kyodo) — (EDS: ADDING DETAILS AND PRICES)Tokyo stocks rose Wednesday morning after a record contraction in Japanese gross domestic product fell within expectations while rising crude oil prices lifted resource-related shares.The 225-issue Nikkei Stock Average ended morning trading up...

Key 10-year JGB yield rises slightly in morning amid lack of cues+

May 19, 2009 7:12 pm | by The Associated Press | News | Comments

TOKYO, May 20 (Kyodo) — The yield on the benchmark 10-year Japanese government bond rose slightly Wednesday morning amid a lack of trading incentives after a record gross domestic product contraction released early morning fell within market expectations.In interdealer trading, the yield on the No....

Pittsburgh Mayor Ravenstahl wins Dem. primary, 4th Ld-Writethru7, PA

May 19, 2009 7:12 pm | by RAMIT PLUSHNICK-MASTI - Associated Press Writer - Associated Press | News | Comments

PITTSBURGH (AP) — Mayor Luke Ravenstahl enjoyed a decisive victory Tuesday over his two opponents in the Democratic primary, paving the way for him to win his first full term in the office he's held for nearly three years.With 99 percent of precincts reporting, Ravenstahl had 59 percent of the...

Savaria Releases an Amended Management Information Circular

May 19, 2009 7:01 pm | by The Associated Press | News | Comments

Savaria Corporation (TSX: SIS), the second largest company in the accessibility industry in North America has released a new version of its Management Information Circular in order to conform itself to the new requirements of the Autorite des marches financiers as specified in Appendix 51-102F6...

Hundreds of dogs seized from Richland Co. shelter, WI

May 19, 2009 7:01 pm | by The Associated Press | News | Comments

CAZENOVIA, Wis. (AP) — More than 300 dogs have been seized from a shelter that operated as a sanctuary for lost and found animals in Richland County.The sheriff's department executed a search warrant for Thyme and Sage Ranch in Cazenovia and impounded the dogs along with about 20 other animals.The...

Independent contractors won't be taxed, 1st Ld-Writethru, WST

May 19, 2009 7:01 pm | by CATHY BUSSEWITZ - Associated Press Writer - Associated Press | News | Comments

CARSON CITY, Nev. (AP) — A plan worked out by Nevada Assembly and Senate negotiators to raise various taxes won't increase levies on independent contractors — prostitutes and newspaper deliverers, for example.As lawmakers worked out the details of SB429, some said contractors wouldn't face higher...

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