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Medical experts want crackdown on drugmaker money

April 28, 2009 8:01 am | by MATTHEW PERRONE - AP Business Writer - Associated Press | News | Comments

WASHINGTON (AP) — Millions of dollars in gifts, travel and consulting fees from the pharmaceutical industry should be eliminated to stop companies from influencing how doctors practice medicine, a report by the government's top medical advisers says.The sweeping recommendations from the Institute...

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Court: FCC 'fleeting expletive' rule OK _ for now

April 28, 2009 7:35 am | by MARK SHERMAN - Associated Press Writer - Associated Press | News | Comments

WASHINGTON (AP) — The Supreme Court deleted expletives left and right Tuesday in narrowly upholding a government policy that threatens broadcasters with fines over the use of even a single curse word on live television.But in six separate opinions that used none of the offending words over 69...

Chinese refiner Sinopec: 1Q net profit up 85 pct

April 28, 2009 7:25 am | by The Associated Press | News | Comments

SHANGHAI (AP) — China Petroleum & Chemical Corp., Asia's largest refiner by capacity, said Tuesday that its net profit rose 85 percent in the first quarter, helped by rising prices for oil products and lower crude oil costs.The company, also known as Sinopec, reported a net profit of 11.2 billion...

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Government, major Chrysler debtholders reach deal

April 28, 2009 7:15 am | by STEPHEN MANNING - AP Business Writer - Associated Press | News | Comments

WASHINGTON (AP) — A person familiar with the talks says the Treasury Department has reached a tentative agreement with four of Chrysler's major debtholders as the automaker races to stave off bankruptcy.Under the agreement, the four banks will forgo claims to their portion of Chrysler's $6.9...

Hunke, Hillkirk named to top posts at USA Today

April 28, 2009 7:05 am | by The Associated Press | News | Comments

McLEAN, Va. (AP) — USA Today, the nation's largest newspaper, filled two top executive positions Tuesday by naming David Hunke as publisher and John Hillkirk as editor.Hunke had been publisher of Gannett Co.'s Detroit Free Press and chief executive of the partnership that oversees that newspaper...

Sector Snap: Airline shares climb

April 28, 2009 6:54 am | by The Associated Press | News | Comments

NEW YORK (AP) — Airline shares rose in Tuesday morning trading, as investors set aside worries about swine flu crimping travel and took heart from better-than-expected consumer confidence numbers.The Conference Board said its Consumer Confidence Index rose 12 points to 39.2, up from 26.9 in March....

Grocery chain Kroger backs '09 outlook

April 28, 2009 6:54 am | by DAN SEWELL - AP Business Writer - Associated Press | News | Comments

CINCINNATI (AP) — Kroger Co. leaders listed their company's ability to target customers and its broad portfolio of corporate brands among its competitive advantages in luring spending by today's cautious consumers.The Cincinnati-based company, the nation's largest traditional grocery chain,...

Fortis shareholders vote for BNP Paribas sale

April 28, 2009 6:44 am | by The Associated Press | News | Comments

GHENT, Belgium (AP) — Fortis Holding shareholders have voted in favor of selling Belgium's largest bank to France's BNP Paribas.Some 73 percent of shareholders voted "yes" just minutes after hundreds of rebel small shareholders walked out in protest against recent investors taking part in the key...

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'Harry Potter' among those missing from e-library

April 28, 2009 6:24 am | by HILLEL ITALIE - AP National Writer - Associated Press | News | Comments

NEW YORK (AP) — The latest J.R.R. Tolkien project lasted six years, more than half as long as the author needed to complete his "Lord of the Rings" trilogy.Getting permission to release a book in electronic form can be as hard — or harder — than writing it."The Tolkien estate wanted to be...

IBM boosts dividend 10 pct, adds $3B for buyback

April 28, 2009 6:24 am | by The Associated Press | News | Comments

MIAMI BEACH, Fla. (AP) — IBM Corp. boosted its quarterly dividend by 10 percent Tuesday, a sign of the company's health when others are cutting their payments to shareholders, and announced plans for a handful of "analytics centers" that could employ up to 4,000 people.The stock gained $1.99, or 2...

Federal Reserve takes fresh stock of economy, US

April 28, 2009 6:08 am | by JEANNINE AVERSA - AP Economics Writer - Associated Press | News | Comments

WASHINGTON (AP) — Taking fresh stock of economic and financial conditions, Federal Reserve policymakers are considering whether they need to take additional measures to ease the recession.Most economists are betting there won't be any major announcements Wednesday at the end of a two-day meeting...

Consumer confidence soars in April

April 28, 2009 6:03 am | by ANNE D'INNOCENZIO - AP Retail Writer - Associated Press | News | Comments

NEW YORK (AP) — Hopeful signs that the worst may be over for the economy boosted Americans' moods in April, sending a closely watched barometer of sentiment to the highest level since November.The New York-based Conference Board said Tuesday that its Consumer Confidence Index rose more than 12...

Amer Sports 1Q loss doubles to euro10.8 million

April 28, 2009 5:53 am | by The Associated Press | News | Comments

HELSINKI (AP) — Global sports equipment maker Amer Sports Corp., whose brands include Atomic, Salomon and Wilson, reported Tuesday a doubling of net loss to euro10.8 million ($14.2 million) and cautioned that the remainder of the year was "clouded by uncertainty."Poor consumer demand and cautious...

Home prices post 18.6 percent annual drop in Feb.

April 28, 2009 5:13 am | by The Associated Press | News | Comments

NEW YORK (AP) — In another sign the housing crisis could be reaching the bottom, home prices dropped sharply in February but for the first time in 25 months the decline was not a record.The Standard & Poor's/Case-Shiller index released Tuesday showed home prices in 20 major cities tumbled by 18.6...

WPP shares fall on revenue drop

April 28, 2009 4:27 am | by The Associated Press | News | Comments

LONDON (AP) — Shares in Britain's WPP Group PLC, the world's largest advertising company by revenue, dropped 5 percent on Tuesday after the company reported a fall in first quarter revenue and said it would not meet its full year forecasts.WPP, which owns Ogilvy & Mather, Young & Rubicam and Hill &...

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